Tag Archives: ADAUSD

Bitcoin Bitcoin is up by an incredible 25.7% this week as the cryptocurrency surges beyond $55,000. The increase started at the beginning of October when it managed to break above a descending price channel and go above the 50-day MA. Since then, BTC surged higher during the week until it broke the September highs at $53,000 and met resistance at $55,400 on Wednesday. It did attempt to break above $55,400 today, reaching as high as $56,000 (1.414 Fib Extension) but is showing...

ADA/USD – Bulls Struggle To Make Ground Above 20-day MA Key Support Levels: $2.20, $2.00, $1.95.Key Resistance Levels: $2.22, $2.36, $2.50. ADA rebounded from the support at $2 (.618 Fib) on Friday and broke above the September descending trend line. Although it did spike above the 20-day MA to reach as high as $2.36 (bearish .382 Fib), it could never close above that level. Over the weekend, ADA continued to trade beneath the 20-day MA as it failed to establish any...

Following the past few days of marking gains, bitcoin has calmed a bit around the $48,000 mark. Some alternative coins have kept climbing, though, with Solana surging 8% and Terra jumping to a new all-time high after a 20% daily increase. LUNA Marks New ATH: Sol 8% Up The alternative coins have been on a roll in the past few days after the mid-week price drops. Ethereum had dipped to $2,900 following the latest Chinese Fud. However, ETH has reclaimed more than $500 since then...

Following yet another price surge in the past 24 hours, bitcoin neared and even briefly exceeded $48,000. The alternative coins are also well in the green, with ETH closing down to $3,300. However, AXS is the most significant gainer once more, with a 50% surge to a new ATH. Bitcoin Tapped $48K A lot can change in the cryptocurrency space in just a few days. Back on September 29th, bitcoin struggled with its third consecutive drop below $41,000. However, the bulls intercepted...

Ethereum Ethereum is up a solid 9% today as the cryptocurrency surges past $3000 again. The coin has now broken the upper boundary of the previous range that it was trading inside over the past fortnight. The range was between $3150 and $2800 and Ethereum bounced from the lower boundary on Wednesday, where it found support at the 100-day MA. Since then, ETH managed to break the September descending trend line and head back above the 20-day MA. Looking ahead, the first...

ADA/USD – Bulls Continue To Defend $2 Key Support Levels: $2, $1.88, $1.80Key Resistance Levels: $2.60, $2.70, $2.80. ADA found support at $2 last week, provided by a .618 Fib Retracement. From there, it rebounded through the week until resistance was met at $2.50 (bearish .5 Fib). Since hitting this level, ADA has rolled over and returned back to around $2. ADA must this level throughout the week to prevent any further declines. It must also break the $2.50 resistance for a...

Emurgo, the commercial branch of the Cardano ecosystem, has released a new product focusing on investing in startup protocols that want to build on the Cardano blockchain. This comes after several notable announcements from Charles Hoskinson’s team in the past few days. The official press release reads that the new investment vehicle, which will be a wholly-owned subsidiary of the parent company Emurgo, will have two separate branches with distinctive approaches. Emurgo...

Software development company COTI announced a few hours ago the issuance of the first stablecoin designed to run on Cardano. The news was first revealed by Charles Hoskinson, leader of Cardano, and Shahaf Bar-Geffen, CEO of COTI Group, at the Cardano Summit stage in Laramie, Wyoming. The Djed stablecoin will be issued on Cardano and will promote the growth of its nascent ecosystem, especially now that the blockchain is beginning to support smart contracts and markets have...

InputOutput (IOKH), the technology company behind the Cardano open-source blockchain project, announced in the ongoing Cardano Summit 2021 that it has partnered with decentralized blockchain oracle network Chainlink. Tremendous Respect for Cardano As per the announcement, the partnership will see Cardano integrate Chainlink’s oracles to support developers as they prepare to start building smart contracts for decentralized finance (DeFi) applications. Recall that Cardano...

After the relatively positive Saturday, the bears have returned to the market and pushed bitcoin south to below $41k. The alternative coins have also suffered badly, with ETH dropping beneath $2,800. Update: shortly after the first publishing of this market update, Bitcoin managed to recover from the massive dump – which resulted in a current daily low of $40.8k, according to Bitstamp. The primary cryptocurrency saw a decent recovery: In less than one hour, BTC spiked almost...