Tag Archives: ADABTC

Cardano (ADA)’s price flashed a ‘Death Cross’ over the weekend – a bearish technical indicator signaling downward price momentum and a potential incoming tailspin.  This comes two weeks after the U.S. Securities and Exchange Commission (SEC) sued Coinbase, naming ADA as a security in the process. The Death Cross occurs when an asset’s 50-day simple moving average crosses beneath its 200-day moving average.  According to TradingView, nearly all of Cardano’s moving average...

With volatility declining, buyers may soon have an opportunity to stop the downtrend. Key Support levels: $0.24 Key Resistance levels: $0.29 The weekly price for ADA shows a 7% loss. However, sellers appear to have lost interest since the crash on June 10th and have failed to take the price lower. With good support at 24 cents, bulls may have an opportunity to push ADA higher in the coming days. Chart by TradingViewTrading Volume: The volume crashed in the past few days. It...

This week, we take a closer look at the worst performing altcoins with a market cap of over $1 billion: Lido, Cardano, Aptos, Solana, and Polygon. Lido (LDO) | -24.8% LDO is the worst performer on our list this week after falling by almost 25%. Buyers failed to sustain the uptrend and with the support at $2 lost, the price was quick to crash. At the time of this post, the most significant support level is found at $1.4 and the resistance is at $1.8. Considering the market...

The altcoin market is under fire. Major cryptocurrencies like Solana (SOL), Polygon (MATIC), Cardano (ADA), and many others – are plummeting in value. The heatmap below is pretty indicative of the troubles that the market is going through. It also reveals that investors are anything but confident right now. Source: Coin360While it’s anyone’s guess why exactly that might be, two things happened in the past few days that might provide some sort of an explanation. SEC Names 13...

Cardano is taking a massive beating throughout the past few days. The cryptocurrency is down a whopping 23% in the last 24 hours alone. The majority of the altcoins are also trading well in the red, triggering liquidations of close to $400 million. Cardano (ADA) and a bunch of other altcoins are plummeting today. ADA alone is down 23% in the past day as investors fear a potential clash with the SEC. Data from Coinglass shows that the entire market’s liquidations have ramped...

This week, we take a closer look at Ripple, Cardano, Binance Coin, Solana, and Polygon. Ripple (XRP) Ripple continues to surprise the market with its strength, considering that in the past week, most altcoins ended up in red. More so, XRP has managed to close in green with a 2.6% increase in price, making it the best performer on our list today. This resilience has taken the price just under the key resistance at 53 cents. Volatility also increased this week, and buyers...

The United States Securities and Exchange Commission has filed a 101-page lawsuit against the leading US-based cryptocurrency exchange – Coinbase. The claim is that the firm has been violating securities regulations. The move came just a day after the SEC also filed against Binance. In the complaint against Coinbase, however, the Commission has made strong claims, classifying a list of 13 cryptocurrencies as securities. One of them is Cardano’s ADA, so let’s have a look at...

Cardano founder Charles Hoskinson believes the project’s decentralization would act as a “wake-up” call for the industry. In a recent update to the community, Hoskinson said ADA is “substantially more decentralized” than all cryptocurrencies in the market. The exec stressed that the Cardano Improvement Proposal (CIP-1694) – which is a mechanism for on-chain governance that will underpin the Voltaire phase of the network – will prove to be a game-changer in the...

This week, we take a closer look at Ethereum, Ripple, Cardano, Tron, and Litecoin. Ethereum (ETH) Ethereum’s volatility increased this past week but failed to break above the key resistance at $1,820. For this reason, the price is at a similar point to last week. This consolidation under the key resistance is unlikely to last, and bulls appear eager to break away. On Tuesday, buyers briefly took the price over the key level, but sellers were quick to reverse the price action...

With the price consolidating under the key resistance, ADA may attempt a breakout. Key Support levels: $0.36, $0.34 Key Resistance levels: $0.38, $0.40 The price has formed a double bottom with good support at 36 cents. As long as this key level holds, bulls have a good chance to take ADA’s price to the resistance at 38 cents. A breakout above it would confirm the end of this correction that started in April. Chart by TradingViewTrading Volume: The volume continues to be low,...