Tag Archives: Cardano (ADA) Price

Yesterday the crypto markets went through another bloodbath initiated once again by China. Bitcoin dumped by $4,000 in minutes but has managed to complete a partial recovery as of now. Most altcoins suffered even more, and some have failed to bounce off decisively, including ETH, which still stands below $3,000. Bitcoin’s Recovery Attempt The past few days were actually going well for the primary cryptocurrency. It had recovered from the sub-$40,000 price drop and added...

Ethereum Ethereum is down a sharp 21% this week as the coin sits beneath $3000. The sell-off started on Monday when ETH slipped beneath the neckline of a head & shoulders pattern and the 50-day MA. Initially, the market found support at $3000 but would continue to fall beneath it on Tuesday to find support at $2770 (.786 Fib Retracement). ETH did rebound on Wednesday and Thursday as it climbed back above $3000. However, it lost another sharp 9% today, causing it to break...

ADA/USD – Buyers Rebound From $1.88 Support Key Support Levels: $$2.00, $1.88, $1.80.Key Resistance Levels: $2.20, $2.40, $2.50. ADA bounced by a total of 6% over the past 24 hours since finding support at $2.00 yesterday. The cryptocurrency had broken beneath the 50-day MA on Monday and spiked lower on Tuesday until support was met at $1.88, provided by a 1.414 Fib Extension. The buyers regrouped at $1.88, allowing them to push toward $2.00 when the daily candle closed....

ADA/USD – Buyers Battle To Defend $2 Key Support Levels: $2.05, $2.00, $1.88.Key Resistance Levels: $2.21, $2.33, $2.40. ADA managed to find support at $2 today as it rebounded from the .618 Fib level. The cryptocurrency is still down 10% over the week, $2 is looking to be a promising threshold for the bulls. The cryptocurrency developed strong support at $2.40 last week but fell beneath it over the weekend. During the market capitulation yesterday, ADA dropped below the...

ADA/USD – Bulls Battle To Defend .382 Fib. Key Support Levels: $2.35, $2.20, $2.00.Key Resistance Levels: $2.60, $2.70, $2.80. ADA fell from near $3 last week to spike as low as $1.97 (.618 Fib) during the flash crash. By the end of the week, ADA had established support at $2.35 (.382 Fib) and rebounded from there over the weekend. Unfortunately, ADA could not close above resistance at $2.80 and ended up reversing from there to head back into the $2.35 support, where it...

Ethereum Ethereum dropped a sharp 10% this week as the cryptocurrency currently sits at around $3400. The cryptocurrency surged to $3975 last Friday, where it met the resistance at a 1.272 Fib Extension level. It was unable to overcome it over the weekend and eventually collapsed from there on Tuesday during the market wipeout. ETH dropped as low as $3000 during the sell-off but eventually recovered by the end of the day to close the daily candle at $3428 (.382 Fib). It held...

ADA/USD – ADA Spikes Lower Into .382 Fib Key Support Levels: $2.50, $2.26, $2.00.Key Resistance Levels: $2.76, $3.00, $3.20. ADA has been battling the $3.00 resistance level since the end of August. The coin was trading inside an ascending price channel throughout the entire month, which allowed it to surge above the $3 level. In September, ADA fell beneath the price channel after failing to overcome $3 after multiple attempts over the weekend. Yesterday, it fell into the...

Ethereum Ethereum is up by a very solid 27% over the past week of trading as the cryptocurrency makes its way back to the $4000 level. The cryptocurrency was trading inside an ascending triangle pattern since hitting resistance at $3350 (bearish .618 Fib) earlier in August. On Tuesday, ETH finally surged beyond $3350 to reach $3400. It continued higher throughout the week and continued to surge today to reach the current $3975 resistance (1.272 Fib Extension). Looking ahead,...

The team behind the third-largest cryptocurrency by means of market capitalization – Cardano – announced that they’ve successfully added smart contract capabilities to the current testnet of the platform. Smart Contracts Live on Alonzo In an announcement made on September 2nd, Input Output – the research and development company behind Cardano – revealed that they’ve successfully updated the Alonzo testnet to now include Plutus smart contract capabilities. Yesterday, we...

ADA/USD – ADA Bounces From Ascending Price Channel Support Key Support Levels: $2.95 – $3, $3.20, $3.42.Key Resistance Levels: $2.72, $2.58, $2.50. ADA has been trading inside an ascending price channel for the entire period of August. The cryptocurrency recently hit resistance at $2.95, provided by a 1.272 Fib Extension, and rolled over from there over the weekend. Cardano’s price found support at the lower boundary of the ascending price channel and has since rebounded back...