Cardano price has been hovering around a critical support barrier for almost a month and is beginning to coil up. This congestion might lead to a strong bullish breakout, propelling ADA to new highs. Between late November 2020 and early January 2021, Cardano’s price accumulated for about 38 days, followed by a 600 percent bull...Read More
Due to concerns that the Cardano blockchain might be unable to accommodate a significant number of smart contract transactions, the price of the ADA token has dropped by 8.5 percent to $ 2.58. The token’s market valuation has dropped to $ 86.4 billion. Amidst bearish sentiment in the market analyst Jason Pizzano has made a...Read More
In recent weeks, Cardano price has skyrocketed in the market, with a 106 percent increase in the last 30 days. The ADA price achieved a fresh all-time high of $3.09 on September 2. Over the past 2 days, there has been a lot of speculation on social media about Cardano’s ledger method, notably “concurrency.” Misinformation...Read More
Cardano highlighted an area at $0.86 to defend over the next few hours before it could make an attempt at $1 once more. Tezos climbed toward $4.25 and had the momentum to break past, while rejection would see it revisit $4. VeChain surged past $0.038 and targeted $0.046. Cardano [ADA] Source: ADA/USDT on TradingView Although...Read More
Cardano’s native cryptocurrency, ADA was trading at $0.9203 at the time of writing and is currently the fourth-largest cryptocurrency by market cap. For a token that surged by over 400% since the beginning of the year, questions arose as to what exactly caused the sudden surge in its price. According to Cardano Founder Charles Hoskinson,...Read More
Cardano registered a bearish divergence on the charts, but the market sentiment had not shifted to the bearish side, at press time, with a pullback still unlikely for ADA. On the contrary, Waves broke out of its triangle pattern and targeted the $11-mark. Cardano [ADA] Source: ADA/USDT on TradingView The momentum indicator (RSI) made lower...Read More
SingularityNET, a decentralized platform for AI apps, is in the news today after its most significant democratic vote came to an end, with CEO Dr. Ben Goertzel announcing the results on YouTube. The aforementioned vote took place after a phase two proposal was put forth to the AGI token holding community to determine a number...Read More
Binance, arguably the world’s biggest crypto-exchange, has often made headlines for the host of regular developments in its ecosystem. It is in the news again today after the exchange announced that it has launched staking services for two more tokens, Cardano [ADA] and Cosmos [ATOM]. #Binance Staking Launches $ADA @Cardano and $ATOM @cosmos Staking with...Read More
Cardano seemed poised for a correction on the price charts, at press time, with its indicators flashing red signals moving forward. NEO was on track to rise above the $30-mark on the back of a bullish broader market. Finally, DOGE’s indicators pointed to a reversal, but uncertainty clouded its future direction. Cardano [ADA] Source: ADA/USD,...Read More
Cardano had shown a bull flag pattern on the shorter timeframes and broken out, but reversed before nearing its projected target. VeChain attempted repeatedly to climb above $0.03, and Algorand was making extraordinary gains. Cardano [ADA] Source: ADA/USDT on TradingView The bull flag projected a target of $0.75 for ADA, with the highlighted region expected...Read More
ADA countered bearish predictions over the past 24=hours and climbed to the fourth position in the crypto rankings on the back of buying pressure. Tezos might need an external boost to surpass its $3.5 local high while DOGE climbed to another record level. Cardano [ADA] Source: ADA/USD, TradingView Cardano invalidated any bearish indications to its...Read More
Cardano was trading within a range from $0.32 to $0.38 and showed signs of being in a consolidation phase. SushiSwap was bullish on the charts and likely to go past $10, while IOTA found support at the $0.39 mark but lacked interest from buyers to attempt another move past $0.45. Cardano [ADA] Source: ADA/USDT on...Read More
Cardano was unable to break above $0.367 but the overall trend was still bullish as the candlesticks remained above their 20-SMA and 50-SMA. Cosmos traded close to its immediate resistance and indicated the likelihood of an upward breakout as the indicators flashed bullish signals. Dogecoin cut its losses at $0.024 and was projected to move...Read More
Cardano’s price may have been weakened by capital outflows as the price moved southbound and close to $0.339 support while Dogecoin witnessed strong selling pressure as the price tumbled by over 40% in the past 24 hours. However, VeChain could move within its fixed channel if momentum fails to sway in either direction. Cardano [ADA]...Read More
From a lowly $0.17 on 1st January, Cardano has taken an authoritative charge in the market, rallying by more than 100% over the course of the past 3 weeks. Currently valued at $0.360 on the charts, Cardano had a market cap of $11.18 billion sitting tightly at 6th in the market. Cardano 6-hour chart Source:...Read More
Cardano recovered from its drop to $0.285 and entered a phase of consolidation over the past few days. Cosmos formed a bullish triangle pattern but in the coming days was likely to see a drop to $7.15, should the $8 support not hold and SushiSwap had strong bullish momentum behind it as it targeted the...Read More
The cryptocurrency market has seen increased sideways movement in the past few days. Bitcoin’s value has also been moving within the confines of its support and resistance – a trend also visible across the altcoin market. While major alts like Cardano was mirroring this Bitcoin trend, other small-cap alts like Qtum and Ontology were showing...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice The past week has seen Cardano trade between the $0.32 and $0.385 price range. Levels of importance within this range are highlighted and the short-term outlook for the coin appeared to take a turn...Read More
Since the launch of Shelley in July 2020, implementing Goguen, the next era of the Cardano blockchain, has been the focus of the Cardano Foundation. However, the much-anticipated launch is still yet to be scheduled – something that may come down to the technical difficulties associated with executing it. The subject was touched upon by...Read More
Cardano flipped the $0.32 to support and showed that it was on the verge of breaking past $0.385 resistance as it neared its 2-year highs. Cosmos posted rapid gains over the past few days and was retracing some of those gains. Basic Attention Token was rejected once more at a level of resistance that has...Read More
Cardano bounced back from the $0.29-support level and targeted a break above its press time resistance, while the indicators confirmed the possibility of a bullish outcome. ONT also looked bullish and targeted its November 2020 levels as buyers maintained control. Finally, SNX traded close to its record high, but relied on a broader market trend...Read More
Cardano recovered strongly from the bearish double-top pattern it formed a few days back. Tron lost nearly all the gains of the previous week within a span of 24 hours and labored to recover while VeChain had a more bullish outlook and momentum began to shift in favor of the bulls. Cardano [ADA] Source: ADA/USDT...Read More
Cardano entered a consolidation phase as its price refused to lean in either direction, with ADA taking its guidance from market leaders Bitcoin and Ethereum. SNX showed signs that its bullishness was coming to an end, and a move towards the $13.41-support might be a possibility. ATOM was capped at the resistance around $5.97, but...Read More
Across the market, double-digit percentage losses were recorded as Bitcoin faced selling pressure that caused a drop from $41,000 to $33,000 at the time of writing. Cardano formed a double-top pattern that could see it test the $0.23 level of support soon, while Crypto.com Coin was likely to retest the $0.07 region as resistance before...Read More
After Bitcoin moved upwards from the $41,000 mark, the broader market followed suit and most altcoins rose along with the king coin. At press time, ADA, AAVE, and BAT were in the green territory and projected an upside move in the short term. Cardano [ADA] Source: ADA/USD, TradingView After snapping a local high at $0.358,...Read More
Cardano saw strong gains recently as its went past $0.17 and gain nearly 100% over the past week. The $0.28 mark had been defended from bearish pressure and a loss of this level could indicate further retracement for ADA. Cosmos established an uptrend over the past few days, although its volatility was quite pronounced. FTX...Read More
Bitcoin‘s price correction is finally here, and altcoins could soon be in hot water. The past 24 hours have been shaky for the world’s largest cryptocurrency, with its price retracing by over 8% since hitting the $34,000 mark. Although the corrections were yet to sink in for the larger crypto-market, some altcoins had already started...Read More
Cryptocurrencies surged in the past year, as market participants recorded sizeable returns and mainstream adoption increased significantly. Crypto rewards platforms too benefited from these developments, noting record high-interest payments to clients on numerous cryptocurrencies deposited. Rewards platform, Celsius Network announced earlier today that it will be adding Cardano [ADA] to the list of supported cryptocurrencies...Read More
After Bitcoin breached the $27,000 resistance, a minor correction soon followed. However, the pullback was not enough to deter Cardano and VeChain from rising higher on the charts. As ADA and VET scaled past several milestones, Tron moved in the opposite direction and registered a drop in price. Cardano [ADA] Source: ADA/USD, TradingView Resistance at...Read More
After Bitcoin noted a gain in price, altcoins Ethereum, Ethereum Classic and Cardano followed suit and rose along with the broader market. Ethereum [ETH] Source: ETH/USD, TradingView ETH’s 4-hr chart showed that prices have been consolidating between $575.50 and $637.46 for the past 4 days. At press time, the world’s second-largest cryptocurrency was rising along...Read More
