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Tag Archives: Cardano

Cardano (ADA) Price Analysis: Bears In Control Below $0.35

ADA price failed to surpass the $0.400 resistance and declined against the US Dollar. The price is now trading below $0.400 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $0.320 on the 4-hours chart (data feed via Bitfinex). The price could continue to move down if it fails to stay above the $0.315 support zone. Cardano price is struggling below $0.40 against the US Dollar, similar to bitcoin. ADA price...

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FTX Calamity Could be the Last Crisis of the Bear Market, Says Cardano’s Hoskinson

Charles Hoskinson – Founder of the blockchain platform Cardano – thinks the turbulence around FTX and its native token – FTT – could be the last adverse event of the ongoing crypto winter. He finds it normal that the entire digital asset space was negatively affected by the news since Sam Bankman-Fried’s trading venue is among the leading entities in its field, and its crisis causes a “cascade through the cryptocurrency market.”  It’s Always Darkest Before the Dawn While 2022...

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Cardano (ADA) Price Analysis: Key Downside Break Below $0.40

ADA price failed to surpass the $0.440 resistance and declined against the US Dollar. The price is now trading below $0.420 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $0.402 on the 4-hours chart (data feed via Bitfinex). The price could continue to move down if it fails to stay above the $0.380 support zone. Cardano price is struggling below $0.42 against the US Dollar, similar to bitcoin. ADA price...

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Cardano (ADA) Price Analysis: Uptrend In Place above $0.4

ADA price seems to be forming a support base above the $0.40 level against the US Dollar. The price is now trading above $0.38 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.405 on the 4-hours chart (data feed via Bitfinex). The price could gain bullish momentum if it clears the $0.420 and $0.440 levels. Cardano price is showing positive signs above $0.380 against the US Dollar, similar to bitcoin. ADA price...

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Crypto Market Jumps Past $1 Trillion Milestone Once Again in Recent Rally

Ethereum (ETH) has emerged as the top performer in the top ten crypto-list gaining over 14% and moving past $1,500 for the first time since the Merge event.On Tuesday, October 25, the broader crypto market made a sharp rally surging past more than 5% and above the $1 trillion market cap. As of the press time, the broader cryptocurrency market is up 7% with a combined market cap of $995 billion.The world’s largest cryptocurrency Bitcoin (BTC) has also gained 7% and is currently trading at...

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Cardano (ADA) Price Analysis: Fresh Rally If It Clears $0.38

ADA price seems to be forming a support base above the $0.34 level against the US Dollar. The price is now trading above $0.35 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.375 on the 4-hours chart (data feed via Bitfinex). The price could gain bullish momentum if it clears the $0.380 and $0.400 levels. Cardano price is showing positive signs above $0.350 against the US Dollar, similar to bitcoin. ADA price...

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Cardano (ADA) Primed for 2x Gains if History Repeats: Data

Cardano’s price took turn for the worse after the much-anticipated Vasil upgrade, as it fell to the lowest level since February 2021. ADA is currently on the way to posting the seventh red monthly candle in a row. The ADA price correction gained traction in the wake of a downtrend across the digital asset market spurred by the Federal Reserve’s aggressive interest rate hikes to suppress rising inflation. In fact, ADA declined by over 20% since the hard fork, which aimed at...

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Cardano (ADA) Price Analysis: Risk of More Losses Below $0.35

ADA price failed to surpass the $0.420 resistance and declined against the US Dollar. The price is now trading below $0.400 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.392 on the 4-hours chart (data feed via Bitfinex). The price could continue to move down if it fails to stay above the $0.350 support zone. Cardano price is struggling below $0.40 against the US Dollar, similar to bitcoin. ADA price could...

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Fake Cardano Wallet Phishing for New Bait on App Store

Scams related to crypto wallets are on the rise, and users report a phishing application for mobile devices masquerading as Nami Cardano wallet designed to steal seed phrases and funds. The fake wallet was found on Apple’s App Store and is still available for download. If a user enters the seed phrase, the app steals the data and sends it to app developers, thereby giving direct access to ADA held on the actual browser-based Nami wallet. For the uninitiated, Nami is a...

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