Cryptocurrency News
Cardano’s Network Value to Transactions (NVT) ratio has recently spiked to its highest level since June, signaling a concerning trend: on-chain activity has slowed relative to ADA’s price growth. This heightened NVT ratio is often viewed as a classic sign of overvaluation, and it’s particularly noteworthy in light of ADA’s […]
As many altcoins shed losses amid the latest market fall, Cardano holds gain and continues to show strength daily. It is footing an upward movement but faces a minor resistance level. Since the price bounced back above $0.33 earlier this month, ADA has been struggling to regain momentum despite notable […]
Cardano’s short-term outlook is slowly turning bullish, following a new reversal pattern in the daily timeframe. The buyers look stuck after failing to overcome a key resistance level during yesterday’s surge. After a short pullback into the $0.32 range in the mid-month, Cardano climbed back and continued to post gains […]
ADA’s bearish trajectory continued to suspend daily due to a recent bounce off a ten-month low. Despite appearing weak on the macro level, it has registered an impressive gain in the past week. Following last week’s bounce that led most altcoins into their minor gains this week, Cardano also posted […]
Cardano recently surpassed $6 billion in transaction volume within the last 24 hours, marking a significant milestone for the blockchain platform, according to data from @intotheblock. This impressive achievement coincides with the two-year anniversary of the Alonzo Hard Fork, a transformative event in the history of Cardano. JUST IN: Cardano […]
As traders eagerly await a possible rebound in Bitcoin and the broader crypto market, three notable assets—Cardano (ADA), Quant (QNT), and Holo (HOT)—have seen a sudden spike in address activity. Historically, when coins experiencing a decline in value suddenly witness such activity increases, it often indicates a potential price bounce. […]
After remaining relatively calm throughout last week, Cardano regained momentum and advanced buying near a key level today. while the bulls appeared back in action, the trend remains bearish on a mid-term scale. Starting this month on a bearish note, ADA dumped to the $0.28 level and later bounced back […]
Last month saw Cardano through a small relief period after undergoing a two-week bounce off a key low level. However, it later encountered resistance and slowly resumed bearish momentum daily. ADA’s market structure has continued to turn bearish on a daily scale due to a lot of deductions in the […]
Cardano’s ($ADA) transaction volume in USD has been on a downtrend since March. Data from Santiment shows that Cardano’s daily transaction volume has consistently made lower highs, consolidating a downward pattern. In the last 24 hours, Cardano transacted $1.53 billion, a stark contrast to the over $11.56 billion confirmed during […]
ADA has continued to suspend bearish momentum following the latest buying pressure, although there is no certainty if it will last long. A surge above the monthly high could trigger a new positive sentiment. Following this month’s recovery from a low of $0.317 to a high of $0.45, which led […]
In the ongoing market recovery, Cardano has increased by roughly 16% in the past week of trading but the trend remains bearish on the monthly outlook. It may resume selling pressure if the supply level increases. Cardano has technically suspended selling pressure for more than a week and as we […]
Cardano (ADA) has experienced a significant drop, falling to $0.35, a level not seen since November 2023. Over the past seven days, ADA has decreased by 7.7%, reflecting the broader market downturn. Additionally, trading volume for ADA has declined sharply, down by 60.63%. As the market grapples with this bearish […]
Cardano’s ADA trajectory remains bearish on the weekly chart but it has suspended selling and now looks calm on the day. More selling should be expected as it is yet to find solid support for reversal. So far, ADA has registered a 40% loss in the last three months and […]
ADA tried to regain strength two weeks ago, but it lost momentum and continued to show signs of weakness daily. While ranging, it has shed a 10% loss in a week as it slowly rounds up the month in a negative mode. The late last month’s recovery has brought a […]
After remaining indecisive for weeks, Cardano ADA found support again this week and began to show signs of strength following a 13% gain in four days. It has temporarily suspended bearish and now foots a fresh increase. Starting the second quarter of the year on a negative note, ADA shed […]
There’s a buzz in the cryptocurrency community surrounding Cardano, with many eyeing it as potentially primed for a parabolic bull run. The recent 50% price drop that ADA experienced over the past month has caught the attention of investors, who see it as a golden opportunity. Drawing parallels from historical […]
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 […]