Why Cardano (ADA) Could Be Registering Another Decline, Analyst Explains
Cardano faces a new obstacle with the impending Vasil update. Analyst and futures trader Peter Brandt predicts poor performance for the coin based on current trends and projections. He recently tweeted on the present state of affairs for Cardano. “This is a fractal chart pattern called a descending triangle. If the construction continues in the fractal, $ADA should have one more significant retreat.” The keywords are “should,” and not “must,” Brandt tweeted. The analyst pointed out the coin’s current trend. Although Cardano has been doing poorly as of....
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Crypto analyst Fiery Trading has revealed a very bullish outlook for the Cardano (ADA) price. The digital asset which has been having a reasonably good run over the last few weeks is expected to shatter expectations as the analyst puts the price at $35. Crypto Analyst Predicts 8800% Climb To $35 For ADA Fiery Trading’s latest Cardano (ADA) prediction right be one of the most bullish for the digital asset this year. ADA, the native token of the Cardano network, is currently trading at $0.388 and if the crypto analyst’s prediction proves true, then it’ll be an 8,800% rise to $35. Related....
Many investors have been left dissatisfied with Cardano’s performance this year due to the huge decline in the value of ADA, the native cryptocurrency of the blockchain. On-chain data shows that the percentage of Cardano (ADA) addresses that have been lost is already over 94%, and data points to the possibility of further losses soon. […]
After showing so much strength as the price rallied from $1,024 to a region of $2,000 against tether (USDT) ahead of the anticipated merge, many call for a bull run and a $4,000 Ethereum price at the end of the “Ethereum Merge.” The price of Ethereum has not shown that run it showed in recent months as the price has struggled to break above $1,800. (Data from Binance) Related Reading: Why Cardano (ADA) Could Be Registering Another Decline, Analyst Explains Ethereum (ETH) Token Price Analysis On The Weekly Chart ETH saw a decline in its price from $4,500 to around $1,024, with....
The Cardano Summit 2021 is due to take place on September 25-26. You can join the event for free by registering at https://summit.cardano.org/. Up until recently, details surrounding the Summit were thin on the ground. However, it was known to be a “mix of virtual and live events from around the world.” However, developers Input […]
Cardano (ADA) has seen its price decline significantly over the last year after hitting a new all-time high above $3. The digital asset is down more than 86% from this all-time high value to be sitting just above $0.4 at the time of this writing in what looks like the digital asset has found its bottom. However, expert trader Peter Brandt says that the worse is not yet over for the digital asset, and more decline in price should be expected. ADA Will Decline by 50% In true chartist fashion, analyst Peter Brandt took to Twitter to post a chart that outlined important technical levels for....