Cardano rallied more than 12% and outpaced bitcoin’s 5% rise. ADA price is now trading well above $0.0500 and it could continue to rise towards the $0.0600 resistance area.
ADA price started a strong rise after it broke a major resistance near $0.0465 against the US dollar.
The price rallied above the $0.0500 and $0.0520 resistance levels.
There was a break above a key contracting triangle with resistance near $0.0440 on the 4-hours chart of the ADA/USD pair (data source from Kraken).
The pair is likely to rise further towards the $0.0600 and $0.0620 resistance levels in the near term.
Cardano Bulls In Control
This past week, cardano formed a strong support base near the $0.0410 level. Later, ADA started a slow and steady rise above the $0.0420 resistance area.
Finally, it broke the $0.0440 and $0.0450 resistance levels to start a strong upward move. Moreover, there was a break above a key contracting triangle with resistance near $0.0440 on the 4-hours chart of the ADA/USD pair.
Cardano Price
It opened the doors for more gains above the $0.0500 and $0.0520 resistance levels. The price traded to a new yearly high at $0.0545 and it is currently showing a lot of positive signs.
On the upside, an initial hurdle is near the $0.0550 level. A successful break above the $0.0550 level could propel cardano price towards the main $0.0600 resistance level. Any further gains could lead the price towards the $0.0620 level.
Dips In ADA Remain Supported
If ADA starts a downside correction, the $0.0520 area might act as a decent support. It coincides with the 23.6% Fib retracement level of the recent rise from the $0.0440 low to $0.0545 high.
The first major support for the bulls is near the $0.0500 level. In addition, the 50% Fib retracement level of the recent rise from the $0.0440 low to $0.0545 high is also positioned just below the $0.0500 level.
If cardano fails to stay above the $0.0500 support area, the bulls might lose control. In the mentioned bearish case, the price is likely to start a larger downside correction towards the $0.0465 support (the recent breakout zone) or it could test the 100 simple moving average (4-hours) in the coming days.
Technical Indicators
4-hours MACD – The MACD for ADA/USD is gaining strong momentum in the bullish zone.
4-hours RSI (Relative Strength Index) – The RSI for ADA/USD is currently well above the 70 level and it is in the overbought zone.
Major Support Levels – $0.0520, $0.0500 and $0.0465.
Major Resistance Levels – $0.0550, $0.0600 and $0.0620. The post appeared first on NewsBTC. origin »
Bitcoin’s potential rise to $10,000 against the ongoing Coronavirus frenzy may have been limited by one of its rival cryptocurrency projects. Cardano, or ADA, surged by close to 10 percent against the benchmark cryptocurrency on Tuesday, registering a fresh top near 588 sats.
The total crypto market cap is holding a key support near the $240. 0B and $238. 0B levels. Stellar (XLM) price surged in the past few days and settled above the $0. 0800 resistance. Bitcoin cash price is up more than 2% and it is approaching the $300 resistance area.
During the past week, the total volume of transactions larger than $100,000 in ADA surged exponentially. Data from IntoTheBlock also revealed that while the overall amount of Cardano transactions has been steady, the volume is increasing, which could be later reflected in its market value.
Emurgo, the official commercial arm of the Cardano (ADA) distributed ledger technology (DLT) project, which claims to be focused on accelerating mass adoption of ADA, has announced that new merchants across the globe are now accepting payments in the altcoin, according to a blog post on October 2, 2019.
Cardano hit an 8-month low last month after Bitcoin’s sudden fall in value on the 24th. As its value struggled to push back to earlier levels, it has currently been consolidating around the $0. 038 to $0.
The crypto-market is on a consolidating spree after a massive fall on Wednesday, wherein most of the altcoins were in the red and saw a double-digits decline. Cardano [ADA], currently ranked 12th on CoinMarketcap, was trading at $0.
The cryptocurrency market at the turn of the new year has been experiencing a major boom, with new and established cryptocurrencies enjoying a massive boost in price and the value. Cryptocurrency like bitcoin and all other altcoins have been constantly enjoying a steady rise in price, and one crypto making headline this year is Stellar […]
Bitcoin hard fork coin Bitcoin Cash and Cardano witnessed significant gains, as the collective market cap stood at $301 billion. As BCH continued to tread in the range of $425 and $450, ADA recently posted year-to-date [YTD] over 100% high ahead of its much-anticipated Shelly Testnet release.
The total crypto market cap gained momentum and broke the $260. 0B resistance area. Bitcoin price broke the main $9,000 resistance area and traded close to $9,400. EOS price traded nicely above the $6.
Bitcoin [BTC] has finally broken the elusive $7,000 price ceiling, taking it above the price cliff of November 2018 and into a nine-month high. As can be expected, with the king coin holding 59 percent dominance and experiencing wave-after-wave growth, surrounding altcoins were invigorated as well.
The Bitcoin price pump has resulted in an altcoin explosion. The imminent $7,000 ascendance of the top cryptocurrency has buoyed the likes of its silver counterpart, Litecoin [LTC] and Cardano [ADA], with the respective coins exhibiting massive 6 percent price increases within the hour.
Cardano has seen a month of falling prices during April 2019, with its cryptocurrency ADA falling by a total…
The post Cardano ADA Price Prediction For May: Can It Rise By 36% To Hit the Target of $0.094? appeared first on Invest In Blockchain.
After days of sideways movement, the collective market stepped up, surging over $180 billion yet again as Bitcoin [BTC] pushed above the $5,350 resistance. Several coins were ushered into the green, with a standout rise exhibited at the end of the top-10 list by Cardano [ADA].
Cardano has seen an impressive price increase over the past 30 days, which totals 58%. Furthermore, the cryptocurrency has…
The post Cardano ADA Price Prediction For April: Can It Rise by 43% To Hit the Target of $0.1? appeared first on Invest In Blockchain.
After months of speculation, Cardano (ADA) has finally been integrated into the popular and secure hardware wallet Ledger Nano…
The post Cardano on the Rise as Ledger Adds $ADA Support – Road To The Top 5? appeared first on Invest In Blockchain.
Cardano Value Increases Amidst Talks Of Blockchain 3. 0 Many of the cryptocurrencies available have been making moves to improve on their value as measured against Bitcoin. However, Cardano, doesn’t exactly seem to bother with this development.
A group of experts in the field of crypto/blockchain and fintech leaders from around the world predicted that 2019 will be a good year for the crypto ecosystem, with significant price growth – albeit well below the figures recorded during 2017.
Cardano is an open-source blockchain and smart contracts platform, supported by the namesake cryptocurrency Cardano (ADA). The project is a direct competitor to Ethereum, and the two organizations also share a co-founder between them — Charles Hokinson.
It would appear most of the top cryptocurrencies – except for Bitcoin, Ethereum, and Litecoin – are going through a very positive spell right now. In the case of Cardano, its value has been on the rise for several hours now.
Altcoins have been on the rise in the past 24 hours and IOTA and Cardano are two of the horses out in front. Just yesterday Cardano was in the red and losing value at a rate of close to 10%, but today the coin was among the top gainers.
Though EOS, Cardano, Monero, Stellar Lumens and Litecoin price analysis portray positivity, we are yet to see strong gains safe those of early last week. Litecoin news of Gemini listing coupled with Abra’s addition of Cardano (ADA) are bright spots but first Cardano prices must rise above 7 cents nullifying current sells.
Key Highlights ADA price formed a decent support base near the $0. 0600 level against the US Dollar (tethered). There was a break above a crucial declining channel with resistance at $0. 0680 on the hourly chart of the ADA/USD pair (data feed via Bittrex).
Key Highlights ADA price has formed a support base near the $0. 0920 level against the US Dollar (tethered). There is an ascending channel in place with support at $0. 0925 on the hourly chart of the ADA/USD pair (data feed via Bittrex).
This month, we celebrate Ethereum’s third birthday and reflect upon the many milestones that have occured in the industry since the dawn of the original smart contract blockchain.
Coinbase Explores Adding ADA, BAT, XLM, ZEC, and 0x In a blog post today, Coinbase announced the company is exploring the idea of adding Cardano, Basic Attention Token, Stellar, Zcash, and 0x to its platforms.
Coinbase Explores Adding ADA, BAT, XLM, ZEC, and 0x In a blog post today, Coinbase announced the company is exploring the idea of adding Cardano, Basic Attention Token, Stellar, Zcash, and 0x to its platforms.
Аналитики компании QCP Capital заявили, что главным драйвером роста стоимости альткоинов стало предложение отменить налог на прирост криптовалютного капитала, составленное представителями американских компаний.
Генеральный директор финансовой компании Real Vision заявил, что победа Дональда Трампа на выборах президента США может помочь сети Эфириума оставить сеть Биткоина в аутсайдерах в плане практического применения участниками финансового рынка.
Создатель блокчейна Cardano заявил, что идея одного из кандидатов в американские президенты откладывать биткоины в стратегический резерв США несет в себе высокий риск централизации первой криптовалюты.
Аналитические сервисы CoinMarketCap и Coinglass констатируют: во вторник, 19 марта, рынок цифровых активов открылся в зоне глубокой коррекции, затронувшей весь набор криптоактивов.
The spot bitcoin ETF filings by BlackRock and other financial services giants ensured bitcoin would finish Q2 in positive territory. Now the SEC’s decision on the applications will likely play a big role in digital asset prices for the remainder of the year.
