Cardano (ADA) Could Retrace Gains, Yet the Bullish Trend Persists
Cardano price extended gains above the $0.4350 resistance. ADA is now consolidating gains and might correct lower toward the $0.4250 support. ADA price climbed higher and tested the $0.4565 zone. The price is trading above $0.4320 and the 100-hourly simple moving average. There was a break below a key bullish trend line with support at $0.4400 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could correct lower and test the $0.4250 support zone. Cardano Price Shows Signs of Short-Term Weakness In the past few days, Cardano gained pace for a move above the $0.40....
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Charles Hoskinson has affirmed that Cardano (ADA) will steal the crypto spotlight as the altcoin attempts to hold a crucial level as support. Some analysts believe the cryptocurrency is preparing for a massive rally in the coming months. Related Reading: SUI Breakout In The Horizon? Price Eyes $4 Retest As Momentum Builds ADA Holds Key Support Zone Following Thursday’s market rally, Cardano has seen its price retrace 4% in the last 24 hours, failing to reclaim the range high for the second time over the past week. The altcoin has been trading between $0.72-$0.96 since July, hitting a local....
Cardano price started a fresh rally above the $0.70 zone. ADA is now correcting gains and struggling to start another increase above $0.780. ADA price started a fresh rally above the $0.70 and $0.720 levels. The price is trading above $0.720 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $0.750 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another decline if it trades below the $0.7150 support zone. Cardano Price Climbs Above $0.70 After forming a base above the $0.650 level, Cardano started a....
ADA, the native token of the Cardano blockchain, is on a bullish run. The token has gained over 13% in terms of price movements as it tries to recover its October losses. ADA also boasted significant gains earlier today; however, it is down 1.46% at $0.4046. Cardano’s weekly gains are not the only thing community members are celebrating. The blockchain’s NFT sector has also experienced substantial gains. Cardano community members also hope that some big changes will come to the blockchain this November. Related Reading: Dogecoin (DOGE) Rallies With Over 10% Gains; Will Price Finally Hit....
Cardano price started a recovery wave above the $0.720 zone. ADA is correcting some gains and might find bids near the $0.7380 zone. ADA price started a recovery wave from the $0.690 zone. The price is trading above $0.720 and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $0.7385 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $0.7550 resistance zone. Cardano Price Holds Support In the past few days, Cardano saw a recovery wave from the $0.690 zone, like....
Cardano has faced significant volatility and selling pressure, mirroring the struggles of the broader crypto market as it searches for strong support. Since early December, ADA has seen its price plummet by over 61%, with bears dominating the trend and bulls unable to reclaim momentum. Despite the challenging environment, Cardano has shown signs of recovery, experiencing a 15% breakout yesterday that has pushed the price to a critical level. Related Reading: Litecoin Approaches Daily Range Peak – Can LTC Break Multi-Year Highs? This breakout offers a glimmer of hope for investors, but ADA....