Tag Archives: Cardano (ADA) Price

Cardano’s native token experienced an upsurge, alongside various alternative cryptocurrencies, fueled by growing optimism among investors in the broader market. With a remarkable monthly gain exceeding 55%, ADA reached a price level reminiscent of April, briefly touching $0.40 this week. This positive momentum has the potential to boost ADA to surpass a significant resistance level in the near future. New data also indicates that the ongoing consolidation phase closely...

TL;DR ADA, Cardano’s token, has seen a 10% weekly increase, with a 23% rise in address activity and a 32% increase in whale transactions, indicating heightened interest and activity. Price projections for ADA vary, with one analyst suggesting a 40% rise due to transaction volume growth, while another is more optimistic, predicting a surge to almost $10 by the end of 2024. The most ambitious prediction comes from a user who believes ADA could reach $30, buoyed by Cardano’s...

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Binance Coin. Ethereum (ETH) Since June, Ethereum has formed a large ascending triangle. However, yesterday, the price fell under this formation and closed the week with a 2% loss. This puts ETH in a difficult position as it signals this correction may just be starting. There is good support at $1,440 and ETH may test this level before any sustained recover can be had. So far, the price action remains...

Cardano remained locked in a narrow trading range lately with no volatility in sight. Over the past month, ADA was down by approximately 20%, trading at $0.29 as of now. While this trend has caused increasing frustration among market observers, ADA whales and sharks continued to be resilient. In fact, this cohort of holders has continued to fill their bags with ADA tokens despite the stagnant price action. ADA Whales Show Resilience According to Santiment’s latest analysis,...

Cardano (ADA) has shown promising indications of growth in Q2 despite lackluster market activity. Emerging infrastructure such as stablecoins, programming languages, and wallets are helping Cardano developers to craft advanced applications enriched with enhanced user experiences, according to a new report by Messari. The blockchain intelligence platform reported that the Cardano ecosystem has managed to diversify with newer protocols that have contributed significantly to...

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Polygon. Ethereum (ETH) Ethereum has shown indecision in the past week. This allowed sellers to take over the price action, which ended the week with a 5% loss. Despite this correction, the cryptocurrency remains above the key support at $1,820. The current resistance is found at $2,000. ETH tried several times to turn this key level into support, but buyers were not strong enough, and the price fell...

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Solana. Ethereum (ETH) The market turned bullish yesterday, and Ethereum broke above $2,000. This allowed it to book a respectable 7% price increase this week. The momentum is bullish, and continuation seems likely. The current resistance is found at $2,120 and represents a local high achieved in April which is also the last time ETH broke above $2,000. A second attempt to break this key level...

Cardano (ADA)’s price flashed a ‘Death Cross’ over the weekend – a bearish technical indicator signaling downward price momentum and a potential incoming tailspin.  This comes two weeks after the U.S. Securities and Exchange Commission (SEC) sued Coinbase, naming ADA as a security in the process. The Death Cross occurs when an asset’s 50-day simple moving average crosses beneath its 200-day moving average.  According to TradingView, nearly all of Cardano’s moving average...

With volatility declining, buyers may soon have an opportunity to stop the downtrend. Key Support levels: $0.24 Key Resistance levels: $0.29 The weekly price for ADA shows a 7% loss. However, sellers appear to have lost interest since the crash on June 10th and have failed to take the price lower. With good support at 24 cents, bulls may have an opportunity to push ADA higher in the coming days. Chart by TradingViewTrading Volume: The volume crashed in the past few days. It...

This week, we take a closer look at the worst performing altcoins with a market cap of over $1 billion: Lido, Cardano, Aptos, Solana, and Polygon. Lido (LDO) | -24.8% LDO is the worst performer on our list this week after falling by almost 25%. Buyers failed to sustain the uptrend and with the support at $2 lost, the price was quick to crash. At the time of this post, the most significant support level is found at $1.4 and the resistance is at $1.8. Considering the market...