Cardano (ADA) Continues To Sink, What’s Next For The Coin?
Cardano (ADA) recently fell below its support line of $0.50 as seen at press time. Just like Bitcoin, major altcoins too have either consolidated or fallen on their charts. On the longer time frame, Cardano (ADA) continued to display bearish thesis. For the shorter time frame, ADA was hinting at a possible price reversal on charts. Over the last 24 hours, ADA increased by 1.7% and in the last week, the coin brought home a double digit loss. The bulls have faded out as buying strength continued to remain bleak at the time of writing. At the moment, $0.50 has been acting as the coin’s....
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Cardano price registered bearishness as it declined from the $0.48 level at the time of writing. Over the last 24 hours, the coin fell by over 2%. In the past week, it declined by 12%. Bitcoin’s move to the $20,000 had led to other altcoins falling on their charts as well. ADA was managing to appreciate slowly however, the bulls could not sustain the price momentum at the time of writing. The altcoin had managed to trade near the $0.48 price level but it was met with selling pressure as it could not move above the $0.49 resistance mark. The technical outlook for the coin shifted....
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....
Cardano was bullish on the chart, as market movers picked up optimistic price movement, so did ADA. Over the last 24 hours, the coin rose close to 6% and in the last week, and in the past week ADA secured a 12% gain. The coin has been trading between the range of $0.46 and $0.51 over the last few days. Price of Cardano has steadied itself at the $0.51 price level. Both Bitcoin and Ethereum also logged double digit gains in the past week. Technical of ADA pointed towards bullishness, however, it is crucial that the coin moves past its rigid resistance of $0.51. A move above the $0.51 mark....
Cardano has slipped considerably on its chart over the last week. After losing support at $0.62, ADA has been on a freefall. On the daily chart, the coin has been trading in a descending channel. ADA has now secured $0.42 as its immediate support. Buying pressure has fallen on the chart as ADA has continued to display bearish sentiment. The bulls have been favouring the sellers and if it continues to do the same, the coin might break below the aforementioned support level. From the technical outlook it appears the Cardano might continue to descend further before it registers an upward....
I was able to get a sample of the new OneString modular miner. The specs are very good especially when you take power consumption into account. Here are the official specs posted by Ben Turas on BitcoinTalk, whom I interviewed for this review. OneStringMiner board: The OneString Miner boards are designed by Intron and C-scape, two well-known Bitcoin mining board designers. The OSM is based on Bitfury chips, and each board contains 15 chips, hashing 25+ GH/s without heat sink and 30+ GH/s with heat sink. Each board runs from a single 12V supply, using ~25W. The models: The OSM DIY sets,....