Cardano Must Hold Critical Support Around $0.67 To Sustain Bull Run – Details
Cardano is trading above key demand levels after a volatile Friday that saw prices react sharply to the Bybit $1.5+ billion hack news. Bybit is a top cryptocurrency exchange. The market-wide panic took prices from local highs to critical demand zones, with Cardano dropping over 7% in less than six hours. Fear spread quickly, driving prices down as investors worried about further downside pressure. However, Bybit’s quick response and assurances have helped restore confidence, preventing a more aggressive selloff. Related Reading: Ethereum Holds Key Support – Analyst Doubts Bears Can Defend....
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Cardano is somehow keeping in-step with cryptocurrency frontrunners Bitcoin and Ethereum, sitting on price increase on its intraday chart. Cardano failed to hold the $0.41 crucial support range and settle to the new support marker of $0.36 ADA is forecasted to trade from $.0403 to $0.416 in the coming days Cardano addresses grow despite bearish market sentiments Tracking from Coingecko shows the smart contract token is trading at $0.371, raising its price by almost 1% during a 24-hour period. The altcoin, however, continues to struggle as it remains in the red zone on its 7-day and 14-day....
Crypto analyst Trend Rider has drawn Cardano (ADA) holders’ attention to the crypto token’s potential to experience a significant price rally soon enough. Based on Trend Rider’s analysis, Cardano could rise to as high as $3 when this happens. Cardano To Rise To $3 If History Repeats Itself Trend Rider mentioned in an X (formerly Twitter) post that if history repeats itself, Cardano might be on the brink of its “ultimate support test” before it makes a parabolic move to the upside. He further suggested that the crypto token could soar to $3, considering the same happened in October 2020....
Cardano (ADA) is approaching a critical juncture as it eyes a retest of the key $0.3389 support level. In recent trading sessions, ADA‘s price has previously risen above this level and is currently dropping for a second retest thereby raising concerns among investors and traders. A successful defense of the $0.3389 support could signal a potential reversal and renewed bullish momentum, while a breach below this level may open the door to further declines. This article aims to analyze the significance of the $0.3389 support level for Cardano and whether bullish momentum can hold ADA....
Cardano has faced significant volatility and selling pressure, mirroring the struggles of the broader crypto market as it searches for strong support. Since early December, ADA has seen its price plummet by over 61%, with bears dominating the trend and bulls unable to reclaim momentum. Despite the challenging environment, Cardano has shown signs of recovery, experiencing a 15% breakout yesterday that has pushed the price to a critical level. Related Reading: Litecoin Approaches Daily Range Peak – Can LTC Break Multi-Year Highs? This breakout offers a glimmer of hope for investors, but ADA....
Cardano follows the general sentiment in the market and has seen appreciation over the past weeks. Although Bitcoin, Ethereum, and other major cryptocurrencies have been in a red market for months, ADA has displayed resilience staying well above its yearly open. At the time of writing, Cardano (ADA) trades at $1.58 with profit across the board. In the daily and weekly charts, ADA records a 7.4% and 20.2% profit. The market capitalization stands at $50 billion making it the fifth-largest cryptocurrency by this metric. Legendary trader Peter Brandt has been keeping a close eye on ADA’s....