Cardano Struggles Beneath $1, Will It Rest Above Its Crucial Support?
Price of Cardano (ADA) has been unstable following larger market trends. Bitcoin slid upto 20% over the past week and major altcoins followed through. Bitcoin’s revisit to levels that it hasn’t touched for months has caused other altcoins to plummet considerably. In just 24 hours, ADA nosedived 20% and over the last seven days, the coin posted over 30% loss in market value. ADA has been one of the worst performing altcoins of the month causing investors and buyers to flee the market. Continued sell off could cause the coin to dip further and rest near the $0.40 mark. Amidst....
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Cardano has depreciated on its chart considerably over the past few days taking away most of the weekly gains. Over the last 24 hours, ADA lost 2% of its value dragging price down to $0.42 on the four hour chart. ADA lost critical support of $0.44 which it tried to defend multiple times. After sloping downwards, now the coin has been trading laterally. The next major support level for ADA lies beneath the $0.40 mark. Technical outlook reflected bearishness on the chart. If ADA continues to display mundane price movement then it is only a matter of time till it loses its current support....
In the past day, Cardano (ADA) has seen a 14% retrace amid the crypto market’s pullback. The cryptocurrency recently saw its price lose the $1 mark, descending below $0.90 on Monday morning. Despite the drop, some market watchers shared a positive outlook for ADA, asserting that a rebound to $1.30 could be around the corner. Related Reading: XRP Price To $5.85: Analyst Reveals Why The New Week Will Be ‘Dynamic’ Cardano Holds Key Higher Timeframe Support Cardano, alongside the rest of the market, ended the week with a Sunday bleeding, registering seven consecutive red candles yesterday....
Cardano (ADA) has been on a rollercoaster ride in the cryptocurrency market, with its recent price recovery rally encountering some significant challenges. As of the latest data from CoinGecko, ADA is trading at $0.261, showing a modest 1.7% gain in the past 24 hours, but boasting a seven-day rally of 4.9%. However, beneath the surface, there are signs of growing overhead pressure that could limit ADA’s upward momentum. ADA’s journey to reclaim its previous highs faces its first major hurdle at the $0.26 mark. But this is just the beginning, as multiple layers of resistance....
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....
A Cardano ambassador has issued a critical warning to ADA investors regarding an alarming increase in scams targeting the Cardano community. This cautionary message comes as anticipation builds up for the upcoming Chang hard fork approaches. Cardano Ambassador Raises Scam Awareness In a recent X (formerly Twitter) post on July 13, Pete, a Cardano community […]