Cardano (ADA) Breaks Resistance: Will Bulls Drive Toward $1 or Risk Losing Su...
Cardano (ADA) is trading at $0.876 with a daily volume of $1.28 billion, but sellers remain in control after a sharp 7% decline over two days. On-chain data from Santiment shows the Network Realized Profit/Loss (NPL) metric spiking to its highest level since July, signaling that many investors are cashing out profits. Related Reading: Solana DATs Will Outpace Bitcoin, Says Multicoin Capital Co-Founder This wave of profit-taking, while not a sign of structural weakness, has capped ADA’s recovery attempts. Analysts emphasize that defending the $0.87–$0.85 support range will be crucial to....
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After experiencing months of slow action, the Cardano price is now flashing major bullish signals as it approaches a critical breakout level. Citing historical patterns and recent chart formations, a crypto analyst predicts that Cardano could rally by a staggering 300% if it successfully breaks through key resistance levels. Cardano Price Poised For 300% Rally […]
Cardano (ADA) has shown no signs of slowing down as the asset’s price continues to rally. The aim remains to hit a new all-time high before the year runs out. The previous all-time high for the asset is recorded at $2.45 and a price crashing saw the asset losing more than half of that value in the months following it. Then a bull rally had been triggered again in the market, which had set cryptocurrencies all across the market recording massive gains daily. Related Reading | Bitcoin Dominance Down As Market Hits $2 Trillion, Altcoins Are Taking Over Cardano (ADA) was not left out of....
Cardano’s (ADA) bullish momentum is losing steam as bearish pressure mounts, forcing the price to retreat from the critical $0.8119 level. After a promising attempt to push higher, ADA bulls are now struggling to maintain control, with sellers stepping in to reclaim dominance. The recent rejection of this key resistance suggests that downward pressure is building, raising concerns about whether the altcoin can hold its ground or slip further. With technical indicators hinting at growing weakness, the focus now is on the next support zones to determine if a deeper correction is on the....
Cardano price has been pushed up on its chart by the bulls at the time of writing. In the past day, Cardano moved up 2%. Over the last week, the price action of the altcoin wasn’t positive as it lost most of the gains in the week. Continued buyer recovery could push ADA past its next resistance level. At the time of writing, however, ADA was trading sideways. The altcoin has remained sandwiched between $0.50 and $0.44, respectively, over the past couple of weeks. Although buying strength tried to recover on its chart, selling strength was still dominating at the time of writing. The....
Cardano investors have been heavily impacted by current market conditions with ADA losing its spot in the top 5 crypto by market cap. After an impressive rally during 2021, this cryptocurrency has lost critical zones and could return to previous lows. Related Reading | Cardano (ADA) Ready For Rally Towards $1.50? What Indicators Are Saying At the time of writing, ADA’s price trades at $0.87 with a 2.3% loss in the last 24 hours. In higher timeframes, Cardano records a 19.5% and 28.1% loss for the past 30 days and over the past year, respectively. ADA’s price seems to be following the....