Jakarta, Pintu News – According to CCN, towards the end of February, the crypto fear and greed index plummeted to 10, a level last seen during the 2022 bear market.

This figure reflects a period of extreme fear, during which the prices of many crypto assets fell to a low that has persisted for months.

However, as of March 7, 2025, the same index jumped to 31, signaling that market sentiment is starting to recover from extreme fear. Amidst these changes, CCN reveals how the performance of some altcoins contributed to the recovery in market sentiment.

Some of these altcoins are included in the list of crypto assets with the highest gains from the top 100 this week. Even so, it remains uncertain whether this upward trend will continue and further reduce market panic.

Historically, extreme market fear often triggers significant price spikes. This week, the three altcoins with the highest gains are on the list of the 30 largest cryptos, which could be an early indication of further recovery.

Cardano (ADA) Rockets 45% in a Week

Cardano (ADA) has been the highest-rising altcoin this week, recording a 45% surge in the last seven days.

This price rally came largely after Donald Trump announced that ADA would be part of the US crypto reserve. Hours after the announcement, Cardano’s price surpassed $1 for the first time since January 18.

However, in the past 24 hours (7/3/25), Cardano’s price has decreased after Trump issued an executive order for Bitcoin’s strategic reserve, while a similar proposal for altcoins is still pending approval.

From a technical perspective, ADA has the potential to repeat its bullish performance last Monday. One factor is the Moving Average Convergence Divergence (MACD) indicator, which remains positive despite the price drop to $0.89.

A positive MACD signals bullish momentum, which could help the price maintain support at $0.82 and potentially climb back past the $1 psychological level.

However, if ADA fails to hold at the $0.82 support, a deeper correction could occur down to $0.70, which risks invalidating the ongoing bullish trend.

Bitcoin Cash (BCH) Soars 40% in a Week

Bitcoin Cash (BCH) has been one of the crypto assets that helped ease the extreme fear in the market, with prices surging nearly 40% in the last seven days.

One of the main factors behind this surge was the significant increase in the number of BCH transactions, which even set a new record high. This surge in activity pushed the price of Bitcoin Cash back to test the $400 level.

Although the price of BCH corrected slightly from the highs, the daily chart shows that this decline may not last long. The Chaikin Money Flow (CMF) indicator is still above the zero line, which suggests that buying pressure remains strong.

If this trend continues, Bitcoin Cash could potentially rise to $498.85 in the near future.

However, if BCH fails to hold at the $394.25 support which aligns with the 0.786 Fibonacci level, there is a possibility that the price will drop back below $300.

Hedera (HBAR) Surges 30% – Towards $0.40 Thanks to ETF Rumors?

Hedera (HBAR) has been one of the cryptos that helped ease the pressure on the fear and greed index this week, with prices rising 30% in the last seven days.

This surge was largely fueled by speculation that HBAR could soon get ETF (Exchange-Traded Fund) approval. In addition, rumors suggest that HBAR could potentially be included in the US crypto reserve, given that the project was founded in the United States.

As of March 7, 2025, HBAR is trading at $0.26, and the Bull Bear Power (BBP) indicator shows that bulls still dominate the market.

If this momentum continues and bullish sentiment remains strong, HBAR prices could surge to $0.40 in the near future.

However, if the market sentiment turns bearish, the price of HBAR could correct back to $0.18.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

CCN. 3 Altcoins Shine as Crypto Fear and Greed Index Sees Modest Uptick. Accessed on March 10, 2025

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