Analysts Caution Cardano (ADA) May Drop Further Before $1 Rebound After 12% Dip
Cardano (ADA) fell roughly 27% this week, slipping below the $0.66 support as risk-off flows hit crypto. Bitcoin’s slide toward $104,000 and softer altcoin liquidity magnified downside, and on-chain data shows large holders leaning defensive. Related Reading: Is BlackRock About To Go Public With Ripple And XRP? Here’s What We Know Whale Flows Split as ADA Loses Support Santiment-tracked wallets holding 1–10 million ADA offloaded about 40 million ADA over seven days, while broader whale distribution reportedly reached 350 million ADA, pressuring price. other big wallets accumulated 140–200....
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Cardano (ADA) has staged an impressive rebound, posting an 8% monthly gain as traders eye its next major move. At the time of writing, ADA trades at $0.887, testing a key resistance zone between $0.88 and $0.90. Related Reading: XRP Price Confirms Descending Trendline Breakout, Here Are The Targets Analysts note that Cardano has been […]
Following the United States Consumer Price Index (CPI) data release, Bitcoin‘s price witnessed a rebound to the $98,000 level, raising investors’ hopes once again. However, this rebound was brief as BTC’s price began to drop a few hours after the upward move. As prices see bearish movements, crypto analysts believe that the drop could extend […]
In the past day, Cardano (ADA) has seen a 14% retrace amid the crypto market’s pullback. The cryptocurrency recently saw its price lose the $1 mark, descending below $0.90 on Monday morning. Despite the drop, some market watchers shared a positive outlook for ADA, asserting that a rebound to $1.30 could be around the corner. Related Reading: XRP Price To $5.85: Analyst Reveals Why The New Week Will Be ‘Dynamic’ Cardano Holds Key Higher Timeframe Support Cardano, alongside the rest of the market, ended the week with a Sunday bleeding, registering seven consecutive red candles yesterday....
Calls for a sharp rebound in the YFI market are growing after the token’s 56 percent decline in the last ten days. At least three independent analysts have provided credible support ranges for YFI/USD in the last 24 hours, a period that has also seen the pair dropping by 18 percent to circa $14,700. A […]
XRP has been navigating turbulent waters in recent months. After reaching a high of $0.936, the coin took a nosedive to hit the $0.5 mark, leaving investors in a state of uncertainty. With a current price of $0.502574 according to CoinGecko, XRP is experiencing a minor 0.3% decline in the last 24 hours, contributing to a seven-day slump of 4.8%. However, a recent price report has sparked hope among XRP enthusiasts, suggesting a potential rebound that could change the game for this digital asset. The report indicates that a potential rebound from the current bottom could serve as a....