Tag Archives: Cardano (ADA) Price

This week was quite exciting in the cryptocurrency market as a lot of the major coins managed to recover. Unfortunately, this wasn’t the case for all of them, so let’s have a look at some of the most interesting performers throughout the past seven days.BitcoinBitcoin is up by a powerful 15.8% over the past week as the cryptocurrency edges near the ATH price again. It started the week by rebounding from support at $47,200 (.382 Fib) and began to push higher over the weekend.The coin broke...

ADA/USD – Bulls Continue To Defend $1.10Key Support Levels: $1.10, $1.07, $1.00.Key Resistance Levels: $1.20, $1.30, $1.38.ADA is down from the late February highs of around $1.48. The cryptocurrency had been falling in the first few days of March until support was met at $1.10. Since then, ADA has managed to close every daily candle above the level.It has now been trapped within a range between $1.20 and $1.10 for the past eight days of trading and must break out of this range to dictate the...

It’s been approximately one year since the COVID-19 threat infiltrated the Western World and caused massive disruptions. Consequently, it has been a little less than twelve months since the US government initiated considerable relief packages and sent $1,200 to every adult earning less than $75,000 per year.While highly unlikely, this particular amount could have resulted in mindboggling returns if the US citizens had decided to allocate the funds in some assets. One stands out the most as...

ADA/USD – Bulls Attempt To Defend $1.10.Key Support Levels: $1.07, $1.00, $0.944.Key Resistance Levels: $1.20, $1.32, $1.40.ADA is down by a total of 13.5% over the past week as it slips from above $1.30 to reach the current $1.11 level. There was a bearish divergence that was playing out from mid-Feb to the start of March that caused the market to roll over from $1.30 over the past week.After rolling over, the coin dropped beneath $1.30 and continued to fall until the market found support at...

BitcoinBitcoin is more or less trading at the same level it was last week around the same time. The cryptocurrency had dropped as low as $43,000 on Sunday, but it quickly bounded higher to close the daily candle above $44,750.On Monday, Bitcoin started to show some promise as it surged higher from $44,750 to reach as high as $49,600. Over the following three days, the cryptocurrency managed to spike back above the $50,000 level. However, it met resistance at $52,480 (bearish .618 Fib) and...

Less than a year after launching its IOHK-owned network of federated nodes, Cardano is on schedule to reach full decentralization at the end of March 2021. At that point, the already established network of over 1,800 community pools will be responsible for producing all new blocks.Cardano Goes for Full DecentralizationWith the approaching so-called D (=0) day, IOHK, the company behind the popular blockchain project Cardano, published a post highlighting the latest milestone in its...

ADA/USD – Bearish Divergence Sends Market LowerKey Support Levels: $1.07, $1.00, $0.944.Key Resistance Levels: $1.20, $1.32, $1.40.ADA is down by 9% as it falls beneath the support at $1.22 (.236 Fib) to reach $1.14. The cryptocurrency is now down by a total of 23% since hitting the ATH price at $1.48 last week. Nevertheless, ADA is still up by a whopping 224% over the past month of trading, so the retracement could be somewhat expected.There were hints of bearish divergence since...

Retail investors appear to have flooded the third-biggest cryptocurrency by market cap – Cardano’s ADA. Google searches have skyrocketed to new highs in the past few weeks, coinciding with the latest price record for the ADA token.Cardano Google Searches Through the RoofGoogle trends data is generally a good indicator of the behavior of retail investors, especially when it comes down to the cryptocurrency space. The number of Google searches for a specific token/project provides a rather...

ADA/USD – Market Rolls Over After Upgrade Hits MainnetKey Support Levels: $1.22, $1.07, $1.00.Key Resistance Levels: $1.32, $1.40, $1.49.The Mary upgrade for Cardano hit the mainnet a few hours ago, and ADA seems to have dropped by a small 2.8% to reach the support at $1.22 (.236 Fib). The cryptocurrency had clocked in a new ATH price on Saturday as it reached as high as $1.49, but it could not close a daily candle above $1.32 over the weekend.Today, the 3% price drop caused ADA to drop into...

ADA/USD – Bulls Ignore Overall Bearish Market And Set Fresh ATHKey Support Levels: $1.30, $1.22, $1.10.Key Resistance Levels: $1.49, $1.56, $1.61.While the overall market continues to struggle, Cardano bulls are forcing new ATHs today as the cryptocurrency surged past the previous ATH at $1.20 yesterday to set a new one today at $1.49.Cardano did see some sideways price movement during the week with the weakness generated from Bitcoin. However, ADA managed to remain supported at $0.95,...