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Tag Archives: Cardano

Cardano (ADA) Price Analysis: Recovery Could Gain Pace Above $0.26

ADA price is attempting a fresh increase above the $0.250 zone against the US Dollar. The price is now trading above $0.250 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $0.2515 on the 4-hour chart (data feed via Coinbase). The price could gain bullish momentum if it clears the $0.2555 and $0.2600 levels. Cardano price is holding the $0.250 support against the US Dollar, like Bitcoin. ADA price...

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Cardano (ADA) Price Analysis: Support Turned Resistance At $0.255

ADA price is trading in a bearish zone below the $0.255 support zone against the US Dollar. The price is now trading below $0.250 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.2485 on the 4-hour chart (data feed via Coinbase). The price could continue to move down if it stays below the $0.255 resistance zone. Cardano price is struggling below $0.255 against the US Dollar, similar to Bitcoin. ADA price...

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Cardano (ADA) Price Analysis: Bulls Struggle To Protect $0.25

ADA price is trading in a bearish zone below the $0.265 support zone against the US Dollar. The price is now trading below $0.260 and the 55 simple moving average (4 hours). There is a key contracting triangle forming with resistance near $0.258 on the 4-hour chart (data feed via Coinbase). The price could continue to move down if it stays below the $0.265 resistance zone. Cardano price is struggling below $0.265 against the US Dollar, similar to Bitcoin. ADA...

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Cardano’s Transaction Volume up by 1,700% Since January Even as Market Flatlines: Data

Cardano’s native token has recently undergone a notable decline in its value, with its price dropping by approximately 17% over the last month. During the same period, however, the on-chain activity has defied expectations. According to the latest data by Santiment, Cardano’s surging transaction volume is noteworthy, given the contrast with its subdued market value compared to its April peak. ADA has witnessed a 1,700% surge in its weekly on-chain transaction volumes since...

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Cardano (ADA) Price Analysis: Bears Active Below $0.28

ADA price is trading in a bearish zone below the $0.280 support zone against the US Dollar. The price is now trading below $0.270 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.270 on the 4-hour chart (data feed via Coinbase). The price could continue to move down if it stays below the $0.278 resistance zone. Cardano price is struggling below $0.278 against the US Dollar, similar to Bitcoin. ADA price...

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US SEC is Not Coming After Cardano (ADA): Charles Hoskinson

Cardano’s founder, Charles Hoskinson, believes the United States Securities and Exchange Commission (SEC) will not come after the project’s native token, ADA. During a recent YouTube interview on Corey Costa’s Crypto Coins, Hoskinson pointed out that there has been no enforcement action against ADA so far, and that would not change because the asset was mentioned as a security in a lawsuit against a crypto exchange. SEC is Not Coming After ADA In two recent lawsuits against...

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Cardano (ADA) Price Analysis: Risk of More Downsides Below $0.25

ADA price is gaining bearish momentum below the $0.280 support zone against the US Dollar. The price is now trading below $0.275 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $0.2750 on the 4-hour chart (data feed via Coinbase). The price could continue to move down if it stays below the $0.275 resistance zone. Cardano price is struggling below $0.280 against the US Dollar, similar to Bitcoin. ADA...

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Cardano NFT Floor Price Skyrockets, Exceeding Ethereum: Data

In recent years, the non-fungible token (NFT) space has expanded into a billion-dollar industry, with Ethereum traditionally leading the way as the dominant ecosystem. Cardano, on the other hand, faced criticism from numerous quarters, being labeled a “ghost chain” due to its absence of a DeFi and NFT economy. However, the NFT landscape is undergoing a shift. According to the weekly chart shared by Stocktwits NFTs, the Cardano NFT floor price index sits 22% above that of...

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Cardano (ADA) Price Analysis: Bears In Active Below $0.30

ADA price is gaining bearish momentum below the $0.312 support zone against the US Dollar. The price is now trading below $0.305 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.2920 on the 4-hour chart (data feed via Coinbase). The price could continue to move down if it stays below the $0.300 resistance zone. Cardano price is struggling below $0.300 against the US Dollar, similar to Bitcoin. ADA price...

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Users Will be Reimbursed for Losses Due to Significant Slippage on Cardano-Based MuesliSwap

The developers of MuesliSwap, a decentralized exchange built on the Cardano blockchain, have announced plans to provide refunds to users who experienced significant slippage issues throughout the past year. In an announcement on August 8th, the platform admitted falling short in offering adequate clarity on the slippage feature within the MuesliSwap Pool DEX protocol. Slippage refers to the variance in price between the moment a transaction is submitted and when it is...

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