Cardano Remains In Consolidation – Expert Projects 25% Price Move
Cardano is trading above key demand levels after experiencing a volatile Friday. The market reacted sharply to the news of Bybit’s $1.4 billion hack, causing widespread fear and uncertainty. Prices across the crypto market, including Cardano, dropped from local highs, testing critical support levels. ADA fell over 7% on Friday as panic-driven selling took hold, but the market has since stabilized as Bybit reassured investors with a strong response. Related Reading: Bitcoin Faces Serious Price Compression – What Happened Last Time Despite the short-term volatility, analysts remain....
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Cardano has been lagging behind the current bullish momentum in the altcoin market. While Ethereum (ETH), Solana (SOL), and XRP trend to the upside in the last 24 hours, ADA’s price continues to move sideways. Related Reading | JP Morgan Claims Drop In Bitcoin Production Cost Is Negative For BTC Price At the time of writing, ADA’s price trades at $0.44 with barely 0.5% profit in the last day. According to a survey conducted by Finder with 53 industry specialists, Cardano is likely to move higher from its current levels. The participants claim ADA’s price is set to end 2022 at around....
Cardano showed an uptrend after it was trading laterally, the coin has now settled above the $0.47 support mark. Over the past week, the coin gained 7.2% but over the last 24 hours ADA lost 1% of its market value. After the consolidation, the coin targeted its immediate resistance mark. If the coin continues to remain at the current price level then bulls can be back in the market for a longer time period. The buyers also seem to be back in the market which has pushed ADA to show signs of relief. If buying strength loses its vigour then, the coin can move to $0.45, post which the coin can....
The Cardano price action has continued to stall below the $1 mark in light of corrections in the past seven days. This correction, which played out across the entire crypto industry, saw Cardano break below the $1 mark again on December 18%. Although the broader trend suggests a possible move on the weekly timeframe towards a new all-time high (ATH), recent technical analysis on TradingView has opened up the possibility for a continued correction towards $0.43 before another strong upward move. Current Price Movements Highlight Resistance And Cooling Period According to technical analysis....
Cardano has focused its attention on projects which are building on the blockchain. This is because after the launch of smart contracts capability on the network, the next phase was getting developers to deploy their applications on the ecosystem. Cardano, through EMURGO, has invested in a number of startup projects to boost the adoption of […]
Talk around the Cardano (ADA) Vasil hard fork has been circulating in the crypto space for the last month. The hard fork which was supposed to go live back in June had been rescheduled to July due to security issues but that has in no way reduced the enthusiasm around the hard fork. The new date was set for the end of July and as the day draws closer, the community has been buzzing with excitement. However, this has failed to translate to its price. The Cardano Vasil Hard Fork The growth of the Cardano network has made it a necessity for it to be upgraded and IOG, the developer behind....