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Tag Archives: ADAUSD

ADA Price Analysis: Cardano Hits $1.2 Resistance, What’s Next?

Key Support levels: $1, $0.78  Key Resistance levels: $1.2, $1.6 ADA’s bullish momentum took it all the way to $1.2, which was the main target for this rally. At the time of this writing, it seems unlikely for ADA to break above this level, and a short pullback might be in the cards. The major support is found at $1, but ADA may not fall that low if buyers remain interested. Chart by TradingViewTechnical Indicators Trading Volume: The volume is decreasing, and this supports...

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Cardano Price Analysis: ADA Building Bullish Cup & Handle Pattern with Target at $1.5

After tumbling 76% from its all-time high, Cardano found support at the bottom of the descending channel around $0.75 and was able to reclaim almost 50%. In a few weeks, ADA returned above the converted mark at $1. The Daily Chart Technical analysis by Grizzly On the daily timeframe, after a significant price surge, ADA reached the top of the descending channel as shown on the chart below (marked by yellow), which intersects with the static resistance at $1.2 (marked by...

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Crypto Market Cap Reclaims $2 Trillion as Bitcoin Touched $45K (Weekend Watch)

Bitcoin kept climbing yesterday and registered a new three-week high at just over $45,000. On a daily scale, though, most alternative coins have lost some traction, but the crypto market cap has reclaimed the coveted $2 trillion mark. Bitcoin Touched $45K Bitcoin’s price trajectory in the past several days has been predominately upward. The asset scared the bulls on Monday that it could dip below $40,000 for the first time in a week, but they regained control over the market...

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Cardano Price Analysis: All Eyes on $1 as ADA Explodes 8% Daily

Key Support levels: $0.78, $0.68 Key Resistance levels: $1, $1.2 After successfully testing the $0.78 level as support, ADA’s price quickly moved higher and is now approaching the key resistance at $1, which will be a significant test for buyers. The indicators are also turning quite bullish on this most recent price action, but volume continues to be lacking. Chart by TradingViewTechnical Indicators Trading Volume: The volume remains flat so far. This is not ideal, but all...

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Cardano Price Analysis: ADA Soars 12% in a Week, What’s the Next Target?

After recording an all-time high at $3.10, Cardano entered into a correction that’s ongoing for 200 days so far. Meanwhile, bad news, such as delisting from the eToro exchange, has become a catalyst for further price retracement. Despite the rumors of burn mechanism rollout, there is no significant reaction. Technical Analysis by Grizzly The Daily Chart: Source: TradingViewOn the daily timeframe, ADA is trading in a descending channel (marked by yellow). During the downtrend,...

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Crypto Markets Add $80B in a Day as Bitcoin Touched $42K (Weekend Watch)

After dipping to $40,000 yesterday, bitcoin went on the offensive and tapped $42,000 to mark a near 10-day high. The altcoins have also turned green today, with Ethereum eyeing $3,000 and Avalanche soaring by over 9%. Bitcoin Sees a 9-Day High The primary cryptocurrency experienced enhanced volatility last week when it suddenly pumped by $3,000 in minutes from $39,000 to nearly $42,000. However, the situation reversed shortly after, and the asset retraced just as quickly to...

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Over 500 Projects Building on Cardano, Claims IOHK Director

Cardano’s network is reportedly attracting considerable interest, at least according to the Marketing and Communications Director of IOHK: Input Output. Back in September 2021, Cardano went through one of the most important mainnet upgrades called Alonzo. It was part of the development cycle of Cardano known as the Goguen era and the most important part of it was the integration of smart contracts. Since then, the network went through other important upgrades and saw...

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Cardano Price Analysis: ADA Facing Downtrend, But These Signs Are Promising in The Mid-term

Cardano, one of the altcoins with exceptional performance in 2021, has now dropped 75 percent from its ATH. Recently, ADA lost the critical support level at $1. The price is now declining, forming a falling wedge, accompanied by 100-day MA (marked by a white line on the daily chart). The Daily Chart (USD Pair) Technical analysis by Grizzly The OBV indicator is also dropping below its downtrend line. Assessing these bearish signals, breaking above the red zone (static...

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Fintech Company Lunar Raises $77 Million, Launches Crypto Trading Platform

The Nordic-based financial technology firm – Lunar – closed a $77 million financing round. The organization reached a valuation of $2 billion and introduced a cryptocurrency trading platform. Lunar Dives Into The Crypto Industry The Danish company Lunar secured a $77 million Series D-2 funding round, bringing the series’ total to $310 million. The investment was led by prominent financial backers such as Heartland, Kinnevik, Tencent, and IDC Ventures. Apart from the...

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Cardano Price Analysis: ADA at Decision Point, Huge Move Incoming?

ADA’s price had found solid support upon the critical level at $0.84 and was managed to hold it for the past several days, also unable to move higher. This consolidation is likely to end sooner or later with a huge move. Key Support levels: $0.84, $0.68 Key Resistance levels: $1, $1.1 As seen on the chart below, after getting rejected last week trying to break above the $1 key resistance level, ADA’s price quickly retraced down to retest the $0.84 mark. If buyers cannot push...

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