2021-10-8 15:30 |
AstroSwap, the interstellar DEX for the Cardano network, has completed its IDO on ADAPad. More importantly, the native token has achieved an ROI of 210x within the first few days of trading, which is rather impressive. origin »
|
Cardano (ADA) price has plunged 5% in the last 24 hours following a downward trend in sentiments and on-chain factors. This follows a wider market correction that saw over $1. 6 billion wiped out of the ecosystem.
ADA’s general outlook remains bullish on the mid-term, but the latest correction has brought a notable reduction in the past weeks. It bounced a bit but is now trading calmly after rejecting a key psychological level.
ADA’s $0. 88 support level remains pivotal as technical indicators hint at a potential rebound. Market sentiment shows indecision, but a breakout above $0. 88 could ignite bullish momentum.
Cardano (ADA) experienced extremely low volatility on Sunday as the market stabilized after a rough week. ADA saw a significant 15% drop in value over the past seven days. However, recent price movements suggest a potential bullish reversal despite this decline.
ADA has declined by 8.77% over the past 24 hours. Market fundamentals show strong bearish outlook while an analyst predict a rally after correction. Since hitting $1.3, Cardano [ADA] has stThe post Cardano's road to recovery: Analyzing the potential for a $6 rally appeared first on AMBCrypto.