Cardano had a long-term bullish outlook as it traded above the mid-range after establishing and sweeping key highs and lows. Yet its short-term momentum was bearish, and a retest of the $0.149 support was likely. Monero dropped beneath a level of support and could head as low as $140 before the bulls step in. Basic...Read More
These are bullish times for the cryptocurrency market. Not only is Bitcoin, the world’s largest cryptocurrency, breaching new ATHs by the day, but the altcoin market is reciprocating as well, with the market’s top alts all recording significant gains on the charts. Cardano, IOTA, and DigiByte were few of the alts to note a price...Read More
Monero showed bullish sentiment in the market over the past few weeks but also exhibited a bearish divergence that could see the price dip slightly. Cardano lacked buying volume in the market as it stayed afloat above the $0.15 level of support. Basic Attention Token retraced some of its losses but was unable to test...Read More
A hard fork was initiated on the Cardano network a few hours ago, one that has largely gone unnoticed, presumably due to the way in which it was executed. The hard fork was initiated to introduce the token locking mechanism to the Cardano blockchain and the complete transition will now take place on 16 December...Read More
Cardano’s ecosystem has been one of the most active ones this year, with every passing month bringing with itself a host of updates and developments. It is in the news again after Founder Charles Hoskinson recently shared a few updates on Cardano’s strategy in Africa. According to Hoskinson, it is likely that there will be...Read More
Cardano’s rise during the bitcoin rally was parabolic but unlike the king coin, it wasn’t sustainable. The retracement pushed ADA down by a whopping 35% and since then, the coin has been consolidating. For now, we can expect ADA to keep continuing its consolidation until it reaches a boiling point. Post which, we can see...Read More
Bitcoin surged to $19,788 at the time of writing and the ATH was a stone’s throw away for the king of crypto. Cardano exhibited a bearish divergence and dipped almost 4% before the bulls got back in the driving seat. Tron was set to test the level of resistance at $0.0355 in the near-term, while...Read More
Nearly every coin of relevance in the crypto sphere saw a drop in their price that coincided with Bitcoin’s correction from $19,400. Some altcoins were only correcting recent, strong gains, and can still be considered to be in a healthy uptrend on a longer timeframe. Cardano and Cosmos found strong support at important levels of...Read More
Sometimes large-cap altcoins move on the charts like they are in sync, and that has been what was happening over the past few days. Ethereum surged from $500 to $600 and so did the majority of the altcoin market. Cardano and VeChain were in a pretty similar scenario. Both coins saw registered gains of nearly...Read More
Cardano Founder and IOHK’s Charles Hoskinson recently shared a few brief updates with the community, a few days after IOHK introduced the ‘Smash’ metadata server for the Cardano ecosystem. While the said development was received well by most in the community, Hoskinson implied that there are some good announcements he is saving for the end...Read More
Bitcoin touched a high of $17,081 at press time and large-cap altcoins performed remarkably well in recent days as well. Cardano and Monero broke strongly upward out of a downtrend, while Vechain pulled off the same feat. Cardano [ADA] Source: ADA/USDT on TradingView Cardano surged off the $0.1 support and broke past the descending channel’s...Read More
Bitcoin’s dominance, alongside Bitcoin‘s own price, was rising steadily and stood at 65.58%, at press time. While some altcoins posted gains alongside Bitcoin, their performances have not generally been bullish. In fact, Cardano was trading within a descending channel and could lose a level of support shortly. Synthetix and Dash seemed strongly bullish as they...Read More
Cardano rose past a region of supply and could be headed further upward to resistance. Cosmos retraced some of its gains from the previous month and was headed higher, but could see a drop in the coming hours while Basic Attention Token was in a long-term downtrend, and the bears were likely to impose themselves...Read More
The outlook for Cardano is bearish both on a long term and a short term basis. As explained in the previous article, there is a drop coming for Cardano and other altcoins; as for ADA, the drop might push it down to the 0.382-Fibonacci level. At press time, ADA was trading at $0.1079 and was...Read More
Alongside the rest of the altcoins, Cardano was a little late to the bullish rally and it did not last as long as expected. While the asset has maintained a position above $0.10 at press time, chances of a pullback below the price range is a possibility. However, the larger trend remains bullish for ADA,...Read More
Cardano registered a strong surge over the past few days, but the market’s bulls seemed to be exhausted by the time of writing. ADA’s reaction at important levels would indicate whether buyers or sellers were in control of the market. Filecoin had a few quiet trading sessions over the past few hours and could see...Read More
Bitcoin Dominance dropped from 66.5 to 64.6 at press time. A falling BTC dominance combined with many large and medium-cap crypto-assets posting good gains suggested that the altcoin market could be headed further upward. Cardano was in the overbought territory and possibly due for a minor pullback, while Tezos and Basic Attention Token approached important...Read More
While volatility is prevalent for all altcoins at the moment, Cardano is currently dealing with the bearish side of the market, re-testing its monthly support of $0.089 in the charts. While the valuation managed to pull itself back up at press time, the level of uncertainty continues to rise as we are looking forward to...Read More
Cardano continued to record losses as it fell below crucial support levels. While Filecoin remained neutral after it recorded low volatility on its charts. Further, Ethereum Classic too was seen entering a bearish setup, with its technical indicators also depicting strong sell sentiment on the trading charts. Cardano [ADA] Source: ADA/USD on TradingView At the...Read More
Ethereum, the biggest of the altcoins, dropped beneath $400 and could signal further, marketwide losses while Bitcoin stayed well above $13,000. Cardano exhibited a bullish divergence, however, bearish momentum held sway and only a bounce can be expected before a move to the downside. Algorand was in a short-term rally that was likely to fade...Read More
Bearish market trends seemed to be supporting a period of sell-off in the three alts, Cardano, Stellar Lumens, and VeChain. Moving averages favored a bearish trend for Cardano. Stellar Lumens too depicted a selling sentiment on its trading charts. Compound (COMP) displayed high levels of market volatility, which coincided with a period of a downtrend, hinting...Read More
Cardano just released the Goguen Roadmap, with most parts scheduled for delivery at the end of February 2021. Source: October Cardano monthly update With the rollout of Goguen, Cardano is becoming a smart contract platform. There is a shift from focusing on transactions alone to becoming a utility platform for partnerships, enterprises, and commercial applications...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in the Cardano long-term market and its impact on the price. Cardano developers have been working relentlessly towards their decentralization goal and released the updated version of its Daedalus wallet today. The digital asset was experiencing an upwards rally before the trend...Read More
A spike in selling pressure followed by a sudden price recovery was witnessed in the Cardano market, as volatility levels remained quite high. Monero was seen rising on its trading charts with the digital asset maintaining a bullish stance for the short-term period. Zcash dropping back to its support level, at press time continued to...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be considered investment advice Cardano, the cryptocurrency ranked 10th on the charts, was on quite an upwards trajectory for most of the second and third quarters of 2020. Since July, however, ADA seems to be doing nothing, but correcting...Read More
With Bitcoin seemingly consolidating just below the $13,000-level, buying momentum for most alts has also subsided over the weekend. In fact, technical indicators for NEM and VeChain turned neutral from bullish as some selling pressure started to creep into the market. Cardano too seemed to lose bullish momentum as it faced rejection at a key...Read More
The PayPal announcement and the subsequent hike in Bitcoin’s price came at a great time for the altcoin market since many alts were struggling with the downtrend they have been on since mid-August. This speaks to not just Bitcoin’s overwhelming dominance of the crypto-market, but also to its high correlations stats with the rest of...Read More
Barring a few digital assets such as Zcash that continued to remain bearish, a swirl of bullish momentum was witnessed in the rest of the crypto market. Towards the end of the day, Bitcoin too gained over 3% since yesterday. Noting some losses in Zcash, impressive bullish sentiments were visible on the trading charts of...Read More
Bitcoin surged to touch $11,800 and Crypto Fear and Greed Index stood at 56. A positive correlation with gold and S&P500 could drag Bitcoin down in the coming weeks, due to uncertainty in the economy and the upcoming US elections. Cardano hinted it was in a period of low volatility while Zcash and DigiByte have...Read More
Bitcoin climbed well past $11,500, before a minor drop pulled its press time trading price to $11,504. Its strong defense of the $11,200-level and its subsequent rise to $11,500 could lend bullish impetus to the altcoin market in the coming days. As for the altcoins, Cardano moved above a short-term moving average as its momentum...Read More
