Tag Archives: ADABTC

We saw another week of relatively choppy price action as the major cryptocurrencies failed to chart any serious gain. On the opposite – with a few exceptions, most of the coins underwater. Bitcoin Bitcoin is down by a total of 4.7% this week and is trading inside an ascending price channel as it battles to remain above the upper boundary at around $36,600. The cryptocurrency had an interesting week of trading after meeting the resistance at $40,760 (bearish .382 Fib) last...

ADA/USD – ADA Breaks Crucial $1.80 Resistance Key Support Levels: $1.80, $1.71, $1.60/Key Resistance Levels: $2.00, $2.15, $2.30. ADA found support at $1.40 (.5 Fib) over the weekend and rebounded higher. On Monday, it broke above a descending trend line and climbed above the 20-day MA. It was trying to break resistance at $1.80 (bearish .618 Fib) over the past three days but failed to close a daily candle above the level until today. The resistance at $1.80 stalled the...

While explaining the potential impact of decentralized autonomous organizations on legacy businesses, billionaire investor Mark Cuban, who recently joined the cryptocurrency space, ironically denied referring to Cardano’s blockchain. No, Not Cardano, Says Cuban Mark Cuban used to be among the many critiques of the cryptocurrency industry in the past. However, as it happened with quite a few of them, he changed his mind recently and has become a vocal proponent of blockchain...

Charles Hoskinson – the creator of Cardano –  opined that central banks would fade away as they are slow and corrupt. Furthermore, he claimed that crypto is the cure to the current financial system. Crypto Is The Antidote In a recent video, Hoskinson shared his thoughts on the financial ecosystem and the significant role of cryptocurrencies. He opined that central banks are no longer the efficient institutions they used to be, describing them as slow and corrupt. Hoskinson...

ADA/USD – Bulls Break Higher Above 50-day MA Key Support Levels: $1.50, $1.38, $1.35.Key Resistance Levels: $1.70, $1.80, $2.00. ADA dropped beneath $1.50 (50-day MA) over the weekend but managed to find solid support around $1.35 (100-day MA). This level was further bolstered by a rising trend line that has been in play since the end of April. More specifically, ADA closed the Saturday daily candle above $1.40 (.5 Fib) and rebounded back above $1.50 yesterday. Today, it has...

Following yet another day of high volatility in which the bears had initial control, bitcoin has recovered roughly $3,000 of value from the current 7-day low recorded on Saturday. The altcoins followed suit with similar dips as the market cap had lost about $200 billion at one point. Just like the weekend before, this ongoing weekend is not disappointing in terms of volatility and price fluctuations. Bitcoin Recovers From Yet Another Dip It’s safe to say that the primary...

ADA/USD – Bulls Battle To Maintain $1.50 Key Support Levels: $1.50, $1.38, $1.30, $1.23. Key Resistance Levels: $1.50, $1.60, $1.80. After dropping from the ATH at $2.50 earlier in the month during the crypto washout of May-19, ADA found support and surged higher from $1.23 at the beginning of the week to reach resistance at $1.80 (bearish .618 Fib) on Wednesday. There, it encountered solid resistance and ended up rolling over from there. As of now, the bulls attempt to...

Bitcoin’s enhanced volatility resumed in the past 24 hours as the cryptocurrency fell to its lowest price level in five days beneath $35,000. Most alternative coins also experienced similar dips and increased BTC’s market dominance to above 43%. Bitcoin Dipped Below $35K After recovering from its most violent losses to $30,000, the primary cryptocurrency was riding high for a few consecutive days. The asset challenged $40,000 on a few occasions and even briefly jumped above...

It was another tough week in the cryptocurrency market where almost everything is trading in the red. Here’s how some of the major coins performed over the past seven days: Bitcoin Bitcoin is down by a total of 10.3% over the past seven days of trading as it currently sits around $36,000. The cryptocurrency had spiked as low as $31,185 (downside 1.618 Fib Extension) on Sunday, but the buyers managed to close the daily candle at $34,760 (downside 1.414 Fib Extension). From...

Charles Hoskinson – the founder of the blockchain platform Cardano – revealed his three reasons why Ethereum falls behind his project. Additionally, he scratched the topic of BTC’s energy consumption. Why Cardano Is Superior to Ethereum? In a recent Yahoo Finance interview, Cardano’s founder Charles Hoskinson criticized Ethereum’s network by calling it overrated and outlining a lack of vital qualities. First, Ethereum can only process smart contracts while the rival Cardano...