Cardano’s Recovery Stalls, but TVL Growth Signals Could Spark Year-End Upside
Cardano (ADA) is once again dealing with an unstable market stretch as its price hovers near one-year lows, but renewed optimism is building ahead of December’s long-awaited Midnight launch. Related Reading: The Bull And Bear Scenario For XRP That Could Play Out In November Despite persistent criticism over declining network usage and shrinking DeFi liquidity, fresh technical signals and upcoming ecosystem catalysts suggest the blockchain may be preparing for a recovery phase into year-end. ADA's price trends to the downside on the daily chart. Source: ADAUSD on Tradingview ADA Slumps as....
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Ethereum fell to $2,930 before correcting higher against the US Dollar. ETH price is rising and a close above $3,200 could spark a strong recovery. Ethereum extended decline and broke the $3,000 support zone. The price is trading below $3,200 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $3,110 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a major recovery wave if there is a close above $3,200. Ethereum Price Eyes Steady Recovery Ethereum failed to climb above $3,200 and extended its decline.....
Cardano’s Mary upgrade and token gains are poised to compete with Ethereum, while metrics suggest that Ethereum is still king. The Cardano Foundation's coin ADA, hit its all-time high of $0.97 on Feb. 12, having started the year trading at $0.18, thus entailing 438% gains year to date. Apart from the macro trends in the cryptocurrency industry driving up the price of flagship assets, such as Bitcoin (BTC) and Ether (ETH) translating to other altcoins, such as LINK, DOT, etc., Cardano’s growth could also be attributed to the network updates that Cardano has been running on its blockchain....
Cardano (ADA) appears to be preparing for a major rally, as bullish technical signals and network milestones spark renewed optimism among traders. Related Reading: HYPE Soars Beyond $40 Following Robinhood Listing: What’s Next For Hyperliquid’s Price? After months of consolidation, ADA’s price action is forming what analysts describe as a “textbook breakout setup.” The token currently trades around $0.65, below key moving averages, but with indicators pointing toward an imminent reversal. Cardano’s fundamentals continue to strengthen. The network recently surpassed 115 million....
Bitcoin started an upside correction from the $17,600 zone against the US Dollar. BTC is now facing a strong resistance near $20,500 and $21,000. Bitcoin was able to recover losses from the $17,600 support zone. The price is now still below the $20,000 level and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $19,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains at a risk of a fresh decline unless it settles above the $21,000 resistance zone. Bitcoin Price Eyes Steady Recovery Bitcoin price....
With a value of nearly $58 billion, ADA has flipped Tether in the market cap rankings. Cardano’s ADA cryptocurrency surged on Sunday, bringing the smart contract platform back into elite territory in terms of market capitalization rankings. ADA charted 14% growth to reach $1.83 on major exchanges, marking a new all-time high. It was last seen hovering just below $1.80, having gained 14% on the day, 31% on the week and over 47% in the past month. At current values, Cardano has a market cap of $57.8 billion, flipping Tether (USDT) for sixth spot on the market leaderboard, according to....