Cryptocurrency News
In recent days, Cardano whales have been actively engaged in the cryptocurrency market, conducting an average of $13.84 billion worth of large transactions daily over the past week. This notable volume places Cardano’s transaction activity at one-third of Bitcoin’s current volume, five times higher than Litecoin’s, and over sixteen times […]
Amid negative market sentiment, Cardano ADA is down 26% weekly despite remaining indecisive for days. But it seemed the supply level is rising again following the current bloodbath – brews for another sell-off. Cardano took a sharp turn six weeks ago after increasing by 2x in five months to tap […]
ADA’s bullish trajectory remains intact from a long-term perspective. Hence, it is still undergoing correction as it faces a crucial support line. Failure to regain strength may result in a serious crackdown. Last Thursday, ADA found support (at $0.55) above a crucial ascending trendline after witnessing drawbacks for three weeks. […]
Cardano ADA resumed bearish actions this week following a fresh meltdown across the crypto space. The price appears weak as it heads towards a support line, where a major break or bounce is likely to play. In mid-March, Cardano went through a serious drop after testing the $0.8 level. It […]
Last week, the digital asset market experienced a significant shift as CoinShares reported a record outflow of $942 million from investment products. This marked a departure from seven consecutive weeks of inflows, indicating a notable change in investor sentiment. According to CoinShares, last week saw a record outflow of $942 […]
In the past week, Cardano saw a notable loss and dipped to a month low, which now served as temporal support on the daily. It recovered a bit this week, but it now looking stalled under a key resistance level. ADA’s bear took a brief break in bearish this week […]
Cardano’s ADA price looks set for a fresh drop following recent price rejections. It has posted some notable losses over the past days as it looks poise for a serious clampdown. Following an unexpected price movement this week, ADA has seen a noticeable reduction and at the same time showing […]
Cardano’s ADA bounce is becoming stronger following a daily increase since the start of the month. Although it has cooled off buying pressure a bit after facing a key resistance. But a bigger move lies ahead. Following last month’s recovery, which temporarily stopped at $0.54, ADA pulled back into this […]
Cardano’s ADA recovery phase appeared ended following a recent rejection. It has formed a bearish pattern on the lower timeframe and is now looking set for a decrease, but selling volume seems low at the moment. The past 8 days have been a sigh of relief for Cardano’s bulls due […]
Cardano remains in a red on the daily but has managed to recover briefly above the $0.45 level since yesterday. It lost 14% in the past week, but it may continue to dip until it finds strong footing for an increase. Two weeks ago, ADA rejected the $0.617 level and […]
In a noteworthy development, Cardano ($ADA) has emerged as a frontrunner in terms of the volume of substantial transactions over the last 30 days, outshining Ethereum ($ETH) in this unique aspect. This positive shift comes amid the broader market’s collective effort to break free from the persisting downtrend. According to […]
Cardano lost buzz in December and initiated a drop below the $0.6 level. It attempted this level last week but the price fell back and continued to dip. Now facing a minor support level after shedding a 5% loss in a week. ADA’s short-term bullish ended last month after testing […]
Cardano currently looks bearish following a sudden drop in the global market cap this week. It recovered and remained calm, but the bears are not finished yet as they gather momentum for the next sell-off. Last month, ADA halted a two-month rally after failing to sustain momentum above the $0.68 […]
As the cryptocurrency space continues to thrive, all eyes are on the potential approval of a Bitcoin Spot Exchange-Traded Fund (ETF) by the US Securities and Exchange Commission (SEC). In the midst of this, Cardano (ADA) has emerged as a noteworthy player in 2024, showcasing significant market momentum through increased […]
Cardano is trapped in a consolidation phase for almost two weeks due to a lack of interest in the market. In the middle of that, it formed a bullish pennant and looks set for more gains in the future. Two weeks ago, ADA encountered a solid resistance at $0.68 after […]
Over the last 24 hours, Cardano’s native cryptocurrency, ADA, has experienced a remarkable surge, witnessing an impressive increase in market capitalization exceeding $1 billion. This surge has propelled Cardano to a total market capitalization of $15.83 billion, solidifying its position as the 8th-largest cryptocurrency according to CoinMarketCap. In this recent […]
There’s currently a notable shift in the cryptocurrency space, marked by a growing curiosity from institutional investors toward Cardano and its token, ADA. According to recent data, shared by analyst Ali Charts on X, it shows an increasing frequency of substantial transactions within the Cardano ecosystem. Also, this suggests active […]
Cardano’s price recently broke out of structure after trading in a wedge for months. The trend now looks bullish across major timeframes with no signs of weakness. A pullback should be expected if the price drops. During last month’s recovery across the market, ADA surged through a vital resistance and […]