Cardano (ADA) Falls To $0.44, Is The Uptrend Invalidated?
Cardano displayed bearishness on its chart at the time of writing. Over the last 24 hours Cardano fell by 7% on its chart. Broader market also displayed bearish spell over the last few days. Bitcoin was bordering the $20,000 mark and the altcoins followed suit. ADA had over the past few days crossed past the $0.55 resistance mark but it failed to sustain itself above that price mark. The bears have exerted pressure in the market and the technical outlook has also pictured bearishness on the chart. Bullish strength has been on a halt as market movers have significantly depreciated on their....
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Cardano's ADA, now the third-largest cryptocurrency by market capitalization, maintains its top rankings as it sustains its uptrend three days in a row.
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Cardano (ADA) appears to be bullish. However, the uptrend seems to experience a limitation as there are possibilities of several obstructions in its way. Thus, traders need to be cautious around the ADA coin and its forthcoming rally. What is Cardano? Cardano is a PoS (Proof of Stake) blockchain that is open-source and distributed. Cardano implements peer-to-peer transactions using its native token, ADA. The crypto project was developed in 2015 and released in 2017 by the former Co-Founder of Ethereum, Charles Hoskinson. Related Reading | South African Man Loses $900,000 Worth Of....
Cardano (ADA) is one of the most popular cryptocurrencies in the space with a community so loyal that it is sometimes referred to as a cult. This no doubt led to the immense growth that the digital asset recorded back in the bull market of 2021. However, since then, the digital asset has been unable […]
The recent White House announcement has placed the spotlight on Cardano as the leading Proof-of-Stake blockchain that’s currently on the market. This recent news follows the announcement of the Vasil upgrade which aims to improve usability and scalability. A simple Twitter search of ADA will result with tweets of happy and confident traders and investors. “Here is the White House energy report showcasing #Cardano as the largest proof of stake blockchain in the world. Probably something,” said Dan Gombardello in a recent tweet. Chart: TradingView.com At the day of the announcement, ADA’s....