Tag Archives: Cardano (ADA) Price

This week was quite bullish for the entire cryptocurrency market. Bitcoin charted a fresh all-time high and so did a lot of other cryptocurrencies. Altcoin season is booming as the BTC dominance continues to decline. Bitcoin Bitcoin saw a 4.2% price hike this week as the coin currency sits at around $60,500. BTC had surged higher throughout the week and set a new ATH at around $65,000 on Wednesday. Unfortunately, it could not close a daily candle above resistance at $63,766...

ADA/USD – Bulls Set New ATHs Above $1.50 Key Support Levels: $1.37, $1.20, $1.15.Key Resistance Levels: $1.56, $1.62, $1.69. Cardano saw a strong 17% price surge this week, allowing the cryptocurrency to finally break $1.50 and set a new ATH at $1.56. Before this price move, ADA struggled to close a daily candle above $1.37 (1.414 Fib Extension). It had reversed from $1.37 toward mid-March and dropped until support was found at an ascending trend line. In the first few days...

Bitcoin Bitcoin moved sideways over the last week of trading as it sits at $58,500. At the start of the week, the cryptocurrency made multiple attempts to break the $60,000 level but failed on each attempt. It then went on to establish support at $57,000. However, this support was penetrated on Wednesday as BTC plummeted as low as $55,440. Luckily, the buyers regrouped at this low and managed to allow BTC to rebound above $58,000 yesterday. Today, BTC continued higher to...

By using its ecosystem venture fund dubbed cFund, Cardano has made its first investment in COTI. As part of the deal, the so-called “Finance on the blockchain” project will update the internally developed ADA Pay system to accommodate the upcoming Shelley mainnet. Cardano Invests in COTI Anchored by IOHK and managed by Wave Financial, cFund is a recently launched initiative that enables the parties behind It to “primarily” sponsor projects “synergistic with Cardano.” The...

ADA/USD – Rangebound Trading Continues Key Support Levels: $1.15, $1.07, $1.00.Key Resistance Levels: $1.20, $1.24, $1.30. ADA has been trapped between $1.24 and $1.15 for the past eleven days of trading. Alongside this narrow range, ADA is also trading inside a short-term symmetrical triangle pattern as it continues to consolidate toward the apex. Additionally, it is doing well to hold above the 20-day EMA. A breakout of this range should dictate the next direction of...

This week was undoubtedly bullish in the cryptocurrency market. The major coins saw serious increases. The same is true for small-cap cryptocurrencies, as the notion of a booming altcoin season is strengthening. Bitcoin Bitcoin is up by a strong 15.8% this week as the cryptocurrency starts to push back toward the $60,000 level. It found support at the 50-day MA last week, at around $50,200, and started to rebound. Throughout the course of the week, Bitcoin managed to push...

ADA/USD – Bulls Fade At $1.20 Key Support Levels: $1.10, $1.00, $0.95.Key Resistance Levels: $1.20, $1.30, $1.37. ADA dropped by a total of 3% today as the cryptocurrency continues to fall short at $1.20. It had bounced from support around $1.07 (.382 Fib) last week but struggled to close a daily candle above the $1.20 resistance since rebounding. ADA has now been rangebound between $1.37 and $1.00 for the entire period of March 2021, and a breakout of one of these two...

On March 31, Cardano will become a fully decentralized platform, this means that over 1,800 community pools will be responsible for block production.  Since the release of the Shelley update in July 2020, Cardano was slightly criticized by the DeFi community for issuing their own blocks while its SPO (stake pool operator) was being developed, instead of leaving the production to the community. Now the protocol is ready to become a fully decentralized platform. Cardano’s...

The past seven days were quite the roller coaster in the cryptocurrency market, which, fortunately, ended well.The total market capitalization is currently more or less at the same level as where it was one week ago, despite having lost almost $100 million on Thursday when Bitcoin’s price collapsed to $50K.With this said, we take a look at the top 5 cryptocurrencies to keep a close watch over the next few weeks.Bitcoin (BTC)It goes without saying that, for the most part, wherever Bitcoin...

It was a tough week in the cryptocurrency market as the majority of it is in the red. The big exception this week is THETA which skyrocketed and found a place in the top 10.BitcoinBitcoin is down by a total of 8% over the past week of trading as the cryptocurrency currently trades at $53,330. It attempted to break resistance at $60,000 last weekend but failed. As a result, it started to head lower on Sunday and went on to break beneath the March ascending trend line on Monday.After that,...