Tag Archives: ADABTC

Cardano broke below major support as bears took over the market. Key Support levels: $0.38 Key Resistance levels: $0.46, $0.60  1. Key Support Lost ADA lost the support at 46 cents, which has now turned into a key resistance. This is why the price fell by 9% today. Considering the current momentum, the cryptocurrency may make new lows before a recovery can be expected. Chart by TradingView2. Sell Momentum Intensifies This most recent drop took place on increasing volume,...

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and BONK. Ethereum (ETH) ETH’s price booked a 12% increase this past week after it was finally able to escape the ascending triangle that has been forming since 2022. The breakout above $2,150 started this rally, which may not see any significant pullback until $2,500. That is the current target for this move. If buyers remain aggressive, they could aim to take Ethereum to $3,000 after that. Looking...

Cardano (ADA) has been one of the top-performing crypto assets in the market and has notched over 25% in monthly gains. The bullish momentum has, so far, failed to retain ground as more than half of all ADA holders are still reeling under unrealized losses as the eighth-largest crypto by market cap struggles near $0.38. According to IntoTheBlock’s latest data, only 35.71% of ADA holders are in profit, a figure notably lower than other leading protocols. The blockchain...

Cardano has witnessed significant development activity in September, with developers consistently fueling the network’s advancement. According to the latest chart posted by CryptoDep using Santiment’s data, Cardano topped the chart for developer activity over the past 30 days with an impressive score of 572, even during the crypto market slowdown. As such, the network continues to eclipse several prominent projects such as Polkadot, Hedera, Chainlink, and Cosmos. Cardano...

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Binance Coin. Ethereum (ETH) Since June, Ethereum has formed a large ascending triangle. However, yesterday, the price fell under this formation and closed the week with a 2% loss. This puts ETH in a difficult position as it signals this correction may just be starting. There is good support at $1,440 and ETH may test this level before any sustained recover can be had. So far, the price action remains...

Cardano’s native token has recently undergone a notable decline in its value, with its price dropping by approximately 17% over the last month. During the same period, however, the on-chain activity has defied expectations. According to the latest data by Santiment, Cardano’s surging transaction volume is noteworthy, given the contrast with its subdued market value compared to its April peak. ADA has witnessed a 1,700% surge in its weekly on-chain transaction volumes since...

Cardano’s founder, Charles Hoskinson, believes the United States Securities and Exchange Commission (SEC) will not come after the project’s native token, ADA. During a recent YouTube interview on Corey Costa’s Crypto Coins, Hoskinson pointed out that there has been no enforcement action against ADA so far, and that would not change because the asset was mentioned as a security in a lawsuit against a crypto exchange. SEC is Not Coming After ADA In two recent lawsuits against...

Cardano remained locked in a narrow trading range lately with no volatility in sight. Over the past month, ADA was down by approximately 20%, trading at $0.29 as of now. While this trend has caused increasing frustration among market observers, ADA whales and sharks continued to be resilient. In fact, this cohort of holders has continued to fill their bags with ADA tokens despite the stagnant price action. ADA Whales Show Resilience According to Santiment’s latest analysis,...

Cardano (ADA) has shown promising indications of growth in Q2 despite lackluster market activity. Emerging infrastructure such as stablecoins, programming languages, and wallets are helping Cardano developers to craft advanced applications enriched with enhanced user experiences, according to a new report by Messari. The blockchain intelligence platform reported that the Cardano ecosystem has managed to diversify with newer protocols that have contributed significantly to...

The American investment platform Robinhood released its financial results for the second quarter, revealing that crypto trading revenue plunged by 18% compared to the Q1 figures. One reason behind the downtrend could be the company’s decision to delist certain digital assets, deemed securities by the US SEC, such as Solana (SOL), Cardano (ADA), and Polygon (MATIC). The Latest Numbers Despite reporting solid overall profits in Q2, Robinhood announced that crypto trading...