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Tag Archives: ADABTC

Cardano Eyes Its Next Major Move As Volume Decreasing: ADA Price Analysis

Cardano’s native token, ADA, found support just under the $1 mark but so far failed to create bullish momentum to reclaim back above it, but the next price move is imminent. Key Support levels: $0.91, $0.79  Key Resistance levels: $1, $1.2 ADA found support on top of the $0.91 level after the price broke below $1. Since breaking below the milestone level, it had turned into key resistance. Because bears did not manage to push ADA much lower, bulls may take advantage of this...

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Cardano Founder Explains What Users Should Expect From the Upcoming Vasil Hard Fork

On April 12, Charles Hoskinson, founder of Cardano, posted a “recap video” on his YouTube channel, explaining the new update that will make Cardano better after the “Vasil” hard fork. At the beginning of the video, Hoskinson mentioned that he was preparing for the upcoming Consensus 2022, which will take place in Austin, Texas, from June 9-12. There, he expects to show the crypto community and Cardano enthusiasts that IOHK and the Cardano development team are “open for...

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ADA Price Analysis: Cardano Drops Below $1 Following 20% Weekly Decline

Cardano was no exception to the market’s decline. After it failed to break out of the descending channel (marked yellow), the bears were able to push the price what the next destination is. Technical Analysis Technical Analysis By Grizzly The Daily Chart: On the daily timeframe, Cardano is moving down in a descending channel and has corrected from the recent 60% spike to the Fibonacci Retracement at 0.618. The most important for the bulls is to push the price back above $1,...

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Weekend Watch: Bitcoin Maintains $42K, Monero at 3-Month High After 8% Spike

After falling to its January 2021 all-time high of around $42,000, bitcoin has maintained that level following a relatively still trading day. The altcoins are also untypically calm today, with Monero being among the few exceptions and XMR tapping a three-month high. Bitcoin Remains Above $42K It’s safe to say that the primary cryptocurrency has seen better days as it attempted to jump above $47,000 earlier this week. However, it failed on both occasions when the bears...

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Crypto Market Cap Drops Below $2T as Bitcoin Slides to 17-Day Low (Weekend Watch)

Bitcoin’s recent nosedives continued in the past 24 hours, and the asset slipped to a 17-day low of around $42,000. Most altcoins are also deep in the red, with the most losses coming from Terra, Solana, Avalanche, Cardano, and Dogecoin from the larger-cap ones. Bitcoin Tested $42K It was just several days ago when bitcoin was fighting to reclaim $47,000 and spiked above that level twice within a 48-hour period. However, the bears came out from hiding and didn’t allow any...

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Retail Cardano Wallets Reached New All-Time High as ADA Jumped 5%

On-chain analysis has shown that the number of mid-size ADA addresses has reached ATH. This may have contributed to the recent rally of ADA breaking from the months-long downward channel and now sitting above $1.20. In contrast, addresses holding more than 10K ADA have reached ATL. This could be a warning sign that mega whales may have been gradually decreasing their exposure to ADA. According to the latest Cardano on-chain analysis provided by Santiment, the number of...

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ADA Price Analysis: Cardano Attempts to Break Above $1.2, How High Can It Go?

Key Support levels: $1, $0.78  Key Resistance levels: $1.2, $1.6 ADA’s bullish momentum continues with the price challenging the $1.2 resistance. The following major resistance after that would be at $1.6. The support at $1 seems less likely to be retested as $1.2 will turn into support if this price action is maintained. Chart by TradingViewTechnical Indicators Trading Volume: The volume is not great. Therefore, the strength of this push may come into question if it doesn’t...

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Bitcoin Maintains $46K, Terra (LUNA) Soars 9% to New All-Time High (Market Watch)

Bitcoin has calmed once again over the $46,000 mark, while some altcoins have reduced its dominance over the market with impressive gains. Terra is among those as LUNA soared by almost 10% in a day and charted a new all-time high at close to $120. Terra’s Latest ATH Most altcoins experienced enhanced volatility a couple of days ago, went back on the offensive yesterday, and have stalled today. Ethereum, for example, dipped to $3,300 before it shot up to just over $3,500...

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Cardano Price Analysis: ADA Fails At Critical Resistance, Here is The Level to Watch

After surging 60% from the bottom of the marked descending channel during the second half of March, Cardano has now reached a critical resistance level at the top of the channel. The bulls are trying to break out of it, however, they have so far failed in closing a daily candle above it. Unlike BTC and ETH, which are struggling at the daily MA-200 line, ADA has not yet managed to touch it. The important moving average currently lies around $1.5. Technical analysis by Grizzly...

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Snoop Dogg to Discuss Cardano Ecosystem with Charles Hoskinson

As the new quarter rolls in at full speed, Charles Hoskinson – the founder of Cardano – and Snoop Dogg, who needs no introduction, will discuss the Cardano ecosystem in a few days. Charles Hoskinson will be meeting Snoop Dogg to talk about the Cardano Ecosystem at Cardano360 on April 5th. This became clear earlier when both parties confirmed the happening. Yes, I’ll be with Snoop on the 5th. I have the best job in the world. – Said Hoskinson in a tweet. Snoop Dogg, on the...

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