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Tag Archives: ADABTC

Cardano Price Analysis: ADA Consolidation Likely to End By a Huge Move

After successfully retesting the $1 key support, Cardano (ADA) appears to prepare a possible breakout from its current price range, if the recent crypto bullish sentiment continues. Key Support levels: $1, $0.92 Key Resistance levels: $1.1, $1.2 ADA’s price has been consolidating between the critical support ($1) and resistance ($1.1) for over a week. The recent price action and technical indicators give hints of a possible breakout off this range. ADA rarely stays for too...

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Cardano Price Analysis: The Calm Before the Storm, ADA’s Breakout Imminent?

Cardano (ADA) has been consolidating inside a tight range for a while, but it appears that a possible breakout is likely incoming over the next few days. Key Support levels: $1, $0.92 Key Resistance levels: $1.1, $1.2 ADA has been moving between the key support at $1 and the resistance at $1.1 over the past week, unable to break free. Last Wednesday, there was an attempt to move above the key resistance, but sellers pushed ADA back to the consolidation range. At the time of...

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Market Watch: LINK and AXS Explode 10%, Bitcoin Maintains $38K

Bitcoin tried to take down $39,000 but was stopped and dropped to its current level of around $38,000. Most altcoins are slightly less fluctuating today, with Ethereum standing at $2,600. Chainlink and Axie Infinity are among the best performers. Bitcoin Stands Still at $38K It was just a few days ago when the primary cryptocurrency dropped two consecutive times to $35,500 after failing to overcome $36,000. However, the bulls stepped up at this point and pushed the asset...

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Weekend Watch: Crypto Recovery – Bitcoin Eyes $38K, SOL Spikes 8%

Bitcoin’s recovery attempts continue with the asset aiming to overcome $38,000. Most alternative coins have produced even more significant gains since yesterday. Ethereum is up by 7%, while Solana has jumped by 8%. Bitcoin Eyes $38K Ever since bitcoin failed to breach $39,000 on Wednesday, as the Federal Reserve said it will increase the interest rates in March, the asset was unable to display any notable gains. In fact, it dropped to $35,500 hours after the Fed meeting and...

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Certain Cardano Investors Doubled Their ADA Holdings During the Crash

The most recent price plummets in the cryptocurrency market have not deterred large investors from accumulating more portions of certain assets. This became evident for Cardano’s native token, as on-chain data revealed that some ADA wallets have more than doubled their holdings in less than two weeks. ADA Appetite Increases With Lower Prices It’s safe to say that the cryptocurrency space went through a steep correction since the middle of January, wiping more than $500...

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Cardano Faces 90%+ Blockchain Overload For Over A Week

Following a series of significant network developments in recent months, Cardano is already being stretched to its processing limits. Its blockchain load has been over 90% for the past eight days – the longest amount of time it’s ever been sustained at that level. Filling Up Cardano’s Blocks The term “blockchain load” refers to how much memory space within the average Cardano block is being filled. A 100% load means that blocks are at their absolute limit, whereas 0% means...

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Market Watch: Cryptocurrencies See Double-Digit Drops After Wall Street’s Friday Bloodbath

The bears continue to have complete control over the cryptocurrency market with numerous double-digit price losses from almost all assets. This comes just hours after the US stock market dumped in value again. Bitcoin Dumps $8K in Two Days It’s safe to say that the primary cryptocurrency has seen better days. In fact, they weren’t all that long ago as the asset jumped to $43,500 on Thursday following a $1,500 price hike. However, the situation changed vigorously hours later....

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SundaeSwap Mainnet Launch Causes Network Congestion on Cardano

The Cardano community and the rest of the crypto industry were excited when smart contracts were enabled on the network following its Alonzo upgrade last year. However, there have been some minor issues since then. SundaeSwap Goes Live on Cardano Four months later, the first Cardano-based decentralized app (dApp), SundaeSwap, launched its mainnet on January 20 after a series of private and public testing. The decentralized exchange (DEX) allows users to trade, stake, and lend...

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The Cardano Foundation Partners with EMURGO to Develop New dApps

The Cardano Foundation teamed up with its official commercial arm – EMURGO – to launch a joint project. The main goal is to support the ecosystem of the blockchain protocol and accelerate decentralized application development. ‘We Want to Ensure We Enable The Architects of The Future’ According to a recent blog post, the project will consist of a Minimum Viable Product 1 and Minimum Viable Product 2. MVP1 will be composed of a modular tool stack built by Five Binaries (an...

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Cardano Price Analysis: Here’s the Next Target for ADA Following 10% Daily Surge

Key Support levels: $1.2, $1.1 Key Resistance level: $1.5, $1.8 ADA surprised the market with a significant jump in price today which is fast approaching the key resistance at $1.5. The support at $1.2 did an excellent job in keeping the bullish momentum intact, and now ADA seems to be on a mission. Chart by TradingViewTechnical Indicators Trading Volume: The volume exploded today after a quiet Saturday, bringing confidence and significant momentum behind this bullish move....

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