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Tag Archives: Cardano (ADA) Price

Crypto Price Analysis September-23: Ethereum, Ripple, Cardano, Solana, and Binance Coin

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Binance Coin. Ethereum (ETH) Despite the bullish fundamentals of Ethereum’s merge, the price of the second largest cryptocurrency has continued its downtrend and registered a 10% loss in the past seven days. At the time of this post, ETH managed to find some support at $1,250, but this level remains fragile. The resistance is not far away at $1,400, and bears will likely come in strong if the price...

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ADA Recovers 5% on Vasil Hard Fork Day, Is $0.5 Next? (Cardano Price Analysis)

ADA managed to stop the downtrend, and the bulls pushed the price higher on the day that the protocol will see its Vasil upgrade go live. Key Support levels: $0.43, $0.38    Key Resistance levels: $0.50, $0.56  Buyers came in strong today and managed to turn the price action around above the key support at $0.43. If this bullish momentum continues, then ADA could increase towards $0.5, which is the current resistance. This would also be a sign that the downtrend is...

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Weekend Watch: Bitcoin Lost $20K, Cardano Soars 6%

It appears that the bears are slowly taking control over the market in the short term as the primary cryptocurrency trades below $20K, and the majority of other coins look indecisive at best. Of course, there are certain exceptions. Bitcoin Losing $20K The $20,000 level is one of significant importance. Apart from being a psychological mark, it also contains technical and fundamental support, being the high of the 2017-2018 bull market. With that said, BTC has been flirting...

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Cardano’s Most Ambitious Upgrade Finally Has a Confirmed Launch Date

Input-Output Hong Kong (IOHK), the blockchain development firm behind Cardano (ADA), confirmed the release date of the Vasil hard fork. It will happen on September 22, contrary to what some developers had speculated. In a series of Tweets, IOHK informed the status of the Vasil upgrade, adding that it would be the most important and complicated upgrade to date as, in addition to bringing greater capacity to the network, it will significantly reduce the cost of transactions....

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Crypto Price Analysis August 26: Ethereum, Cardano, Ripple, Binance Coin, & Solana

In today’s overview, we take a closer look at Ethereum, Cardano, Ripple, Binance Coin, and Solana. Ethereum Ethereum might be down 9.1% this week, but it’s recovering well from the latest collapse. The cryptocurrency fell from above $1,800 last Friday and continued to decline during the weekend until it found support at the 50-day MA level. It rebounded from the 50-day MA and started to climb throughout the week. Yesterday, it found resistance at the 20-day MA level and the...

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Crypto Price Analysis August-19: Ethereum, Ripple, Cardano, Binance Coin, and Dogecoin

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Dogecoin. Ethereum (ETH) This past week Ethereum broke below its uptrend, which was a major bearish signal, and lost 9.4% in the process. Moreover, today, the bears dominated the charts, and Ethereum lost almost 8.5% of its valuation in less than an hour when the market suddenly crashed. At the time of this post, bulls have managed to stop the downtrend at the $1,700 support level, but bears...

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Cardano Aggressively Priced Ahead of Vasil, Claims Messari’s Report

With the upcoming Vasil hard fork, Cardano is expected to see an overhaul on the network. The focus will be on ramping up throughput and smart contract improvements. In a recent report, on-chain analytics platform, Messari observed that Cardano is “priced more aggressively” when compared to other growing ecosystems due to Vasil. It further said the market seems to be expecting significant improvement from the much-anticipated upgrade. Cardano Overvalued? Cardano has been...

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ADA Rallied 7% on Positive Inflation Numbers, Here’s the Key Resistance (Cardano Price Analysis)

Cardano managed to rally by 7% together with the rest of the market once CPI figures showed inflation slowed in the US. Key Support levels: $0.50, $0.45  Key Resistance levels: $0.55, $0.66  US inflation decreased in July to 8.5% compared to 9.1% in June. The market quickly rebounded as soon as these figures were published today. ADA’s price was also quick to react with a 7% rally on the daily chart. Now, the price is again approaching the key resistance at $0.55, and support...

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ADA Price Analysis: Cardano at Critical Support, is $0.40 In Sight?

ADA failed to sustain a rally and break the key resistance. Now, the price is dangerously close to a critical support. Key Support levels: $0.50, $0.40  Key Resistance levels: $0.60, $0.75 ADA attempted to rally yesterday, but the price was quickly pushed back to the key support at $0.50. Should this critical level fall, then the cryptocurrency could go all the way down to $0.40. The important resistance sits at $0.60, and Cardano only managed to test this level once when it...

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Cardano Price Analysis: First Evidence of Nearby Bottom, Will ADA Soon Retest $1?

It has already been 240 days of a continuous downtrend for ADA, and it’s not over yet. Despite that ADA formed a promising market structure in March, April’s monthly candle so far is showing a 35% drop. Technical Analysis Technical Analysis By Grizzly The Daily Chart Cardano (ADA) is trading inside a falling wedge (marked orange) on the daily timeframe, which is technically a reversal pattern. Also, the RSI indicator has also reached a level at which the price has started to...

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