Cardano (ADA) Rockets Over 60%, Crushing Bears in a Stunning Rally!
Cardano price started a surge above the $0.70 zone. ADA is up over 60% and now consolidates near the $1.050 support zone. ADA price started a fresh surge above the $0.70 and $0.90 levels. The price is trading above $1.00 and the 100-hourly simple moving average. There is a short-term contracting triangle forming with resistance at $1.1450 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $1.150 resistance zone. Cardano Price Skyrockets After a major decline, Cardano found support near the $0.580 zone. ADA formed a base....
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Cardano has proven to be an exciting crypto project, yielding investors high returns. But the crypto market crash has made some Cardano investors bearish. Tamadoge is a new NFT game that investors are bullish on because of its utility and rewards. Can Cardano Drop Lower? Crypto bear markets can be brutal, and Cardano (ADA) investors watched the coin lose 87% of its value after reaching an all-time high of $3 in August 2021. But many investors are wondering, can ADA go lower? Cardano Rallies ADA has provided investors with 7,000% returns because of a rally that started at the end of 2017....
Cardano has begun another rally that has positioned it comfortably above $2. This recent change comes after the digital asset had taken a beating down over the past few weeks that has placed it in a continuous downtrend. Cardano was not isolated in this as the broader crypto market had seen numerous crashes and dips that dragged their value down. But as the trading day draws open on Friday, the crypto market has made significant recoveries that have pushed the market back into the green. In the early hours of Friday, ADA price climbed about 8% to once again break the $2.2 resistance. The....
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 price is currently trading slightly above $0.50, price of the asset has been consolidating over the past few days. ADA has been struggling below the immediate resistance level. The coin has attempted to flash a break-out couple of times but it was met with the bears each time. Since Cardano price is trading sideways, chance of a breakout cannot be ruled out immediately. Technical outlook for ADA has also started to turn positive as the buying strength started to recover on the chart. Over the last 24 hours, Cardano price noted a small depreciation. In the past week, ADA lost 2% of....
An important on-chain metric for Cardano (ADA) recently hit an all-time high (ATH), highlighting the confidence in the crypto token despite its underperformance. This and several other bullish metrics suggest that a significant rally may be on the horizon for Cardano. Long-Term ADA Holders’ Holdings Hit All-Time High The market intelligence firm IntoTheBlock revealed in […]