Cardano (ADA) has been one of the best performing top altcoins seen throughout 2020, only trailing the gains posted by Chainlink and Tezos
The crypto has been seeing heightened momentum in recent weeks due to the launch of the highly anticipated Shelley mainnet upgrade
This update’s rollout coupled with a few positive news developments have bolstered its buyers
Despite showing signs of overt strength, ADA is currently pushing up against a significant resistance level
This has caused it to flash some warning signs that are leading some analysts to grow increasingly cautious on its near-term outlook
Cardano (ADA) has posted an intense rally independent of the aggregated cryptocurrency market over the past few weeks.
This rally hasn’t been unwarranted either, as the release of the long-awaited and much-delayed Shelley mainnet has been fanning the flames guiding the cryptocurrency’s recent uptrend.
Cardano now appears to be navigating into a massive resistance region that has been holding strong for the past couple of days.
If buyers are unable to surmount this resistance, it could confirm a few bearish signs that analysts have been watching – indicating that a retrace could be imminent.
Cardano Navigates into Heavy Resistance Following News-Based Rally
At the time of writing, Cardano is trading up nearly 4% at its current price of $0.10.
From a weekly perspective, this marks a massive climb from a low of $0.08 that was set just a few days ago and an even larger climb from its June 27th low of $0.075.
The cryptocurrency has been trending higher over the past few months, posting consistent gains despite Bitcoin’s multi-month bout of sideways trading.
BTC began consolidating between $9,000 and $10,000 in early May, at which point Cardano was trading at under $0.05. From here, ADA slowly climbed higher until it incurred parabolic momentum in late-May.
It now appears to be facing some heavy resistance at just above its current price level, which is a price region that analysts have been watching for quite some time.
Because this is a news-driven rally, fueled by the Shelley mainnet rollout and the imminent addition of ADA staking capabilities to Coinbase Custody, it is possible that it will prove to be more sustainable than hype-induced movements.
ADA Flashes Some Bearish Divergences as Analysts Grow Cautious
From a technical standpoint, analysts are growing cautious about where Cardano trends next.
One trader explained that he isn’t quite ready to “fade” ADA despite it posting some bearish divergences due to its underlying strength, but he is closely watching its reaction to its current resistance.
“There are some HTF bear divs developing but I wouldn’t fade coins that showed multi-week strength. Take profits, don’t blindly short alts just because they kept on dying the last 2 years,” he said while pointing to the chart seen below.
Image Courtesy of Crypto Rangutang. Chart via TradingView.
Unless IOHK – Cardano’s parent company – releases more positive news in the week ahead, ADA’s parabolic rally may begin slowing.
Featured image from Shutterstock.
Charts from TradingView. origin »
ADA has dropped 23. 8% in a week, nearing a key support zone between $0. 56 and $0. 51.
Declining whale transactions and network activity suggest investor caution, but a historical rebound patternThe post Cardano rejected at $1.
Cardano’s ADA skyrocketed above $1 after Trump’s crypto reserve news but quickly reversed. Will buyers step in, or is a deeper dip next?
The post Cardano’s Trump-Fueled Surge Fades as ADA Slips Below $1 appeared first on BeInCrypto.
ADA dipped by 10% in 48 hours as it approached a key flag support.
Whale activity has seen an 8.24% decline in the last 24 hours, adding to the bearish sentiment
Cardano's [ADA] sharp 10% prThe post Cardano's bearish pressure continues - Will ADA dip below $0.6? appeared first on AMBCrypto.
Cardano led the market with double-digit gains as Bitcoin's dominance stumbled ahead of the CPI data
Is this just a relief rally – or the start of ADA’s big comeback?
After a week of FUDThe post Cardano surges 11% in 24 hours – Could ADA ignite a major breakout? appeared first on AMBCrypto.
Crypto analyst Mitchell Bouchard, known as Crypto Moose, suggests that Cardano (ADA) may be poised to hit $5 soon. In a YouTube video, Bouchard discussed multiple elements that might drive ADA’s price increase, such as macroeconomic trends, regulatory transparency, and technical advancements within Cardano’s ecosystem.
Whale activity remains flat after shedding 180M ADA, signaling a wait-and-see stance post-hard fork.
Cardano's DeFi TVL holds steady at $500M, with investor focus on governance adoption and futThe post Cardano's Plomin Hard Fork goes live – ADA holders now control on-chain governance appeared first on AMBCrypto.
As it moves through a dynamic crypto market and recent watershed moments become crystallized, Cardano (ADA) finds itself more and more at a point of potentially great significance. In this transitional moment, it has introduced decentralized governance, and what that really means is that ADA holders now have the power to effectively vote on major [...]
Cardano slipped below $1 for the first time in a month as bearish sentiment grows. Can ADA reclaim $0.99, or is $0.85 the next stop?
The post Cardano Diverges from Bitcoin: Is ADA’s Weakening Correlation a Red Flag? appeared first on BeInCrypto.
Cardano (ADA), the native governance token of the proof-of-stake layer-1 network of the same name, recently lept back above the $1 threshold – indicating robust buying momentum. Like other major cryptocurrencies, ADA has enjoyed the latest Trump-spurred upsurge, largely due to its parent company, Input Output Global (IOG) being a U.
Cardano whales bought 10 million ADA tokens in 24 hours.
ADA has declined by 8. 82% over the past day.
After experiencing a strong uptrend over the past week, Cardano [ADA] has retraced.
Cardano just had a big price breakout after consolidating in a bull pennant. Crypto expert Ali pointed this out on X, saying, “Cardano $ADA is breaking out of a bull pennant, targeting $3!” When you look at the technical signals, it looks like ADA’s upward movement might keep going.
In a notable show of strength amid an otherwise subdued market, Cardano (ADA) has climbed above the psychologically significant $1 mark today, January 3. Over the past 24 hours, ADA has surged by more than 11%, outpacing the mostly flat performances of other top cryptocurrencies, including Bitcoin.
Cardano (ADA) has surged past the 100-day Simple Moving Average (SMA), marking a pivotal moment in its price action and reigniting bullish optimism in the market. This critical breakout signals a shift in momentum as ADA eyes higher targets, with the $1.
Cardano is finally catching some wind in its sails again as fresh ‘new year’ zeal kicks in.
Could this be the start of a strong recovery for ADA?
In a bullish 24 hours, most altcoins hThe post Cardano’s 10% jump sparks hope – But can ADA break above $1? appeared first on AMBCrypto.
Cardano’s $0.74–$0.98 zone can be seen as a prime entry point before the next bullish surge
Charles Hoskinson has emphasized on governance transparency and $600M ADA treasury challenges forThe post Cardano to $3 in 2025? Here's how ADA's latest correction can end! appeared first on AMBCrypto.
Cardano (ADA) демонстрирует рекордный рост за последние 15 месяцев. Скачок цены начался 4 ноября и совпал с переизбранием Дональда Трампа. Это укрепило оптимизм инвесторов. На недельном графике криптовалюта продолжает формировать более высокие максимумы и минимумы.
Cardano (ADA) has faced a challenging period, experiencing a sharp 42% correction since reaching a multi-year high of $1. 32 in early December. This significant decline reflects the broader market uncertainty, with increased selling pressure and cautious investor sentiment weighing heavily on ADA’s price.
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's Long/Short Ratio stood at 1. 04, indicating a strong bullish sentiment among traders.
Cardano (ADA) could soar by 25% to reach the $1. 24 mark if it closes a daily candle above $1.
ADA bounced back above key $1 support, signaling the potential for a bullish breakout
Whale accumulation at lower levels sparked optimism for ADA’s future price recovery
Cardano [ADA] has The post Cardano whales re-enter at $0.
Cardano whales purchased 80 million ADA tokens
ADA declined by 8. 51% over the past week as bearish sentiment persists.
Since hitting a high of $1. 327, Cardano [ADA] has struggled to maintaThe post Cardano: Whales bet 80M ADA to reclaim $1.
An analysis from YouTuber Crypto Moose examines Cardano’s (ADA) market performance and ecosystem developments. The analysis covers ADA’s price movements, technological advancements, and potential investment opportunities within the Cardano network.
Cardano’s ADA has risen to new highs and garnered global interest. People are speculating on its possibility of reaching above $2. Given market conditions and technical signals, ADA may fall before rising to its all-time high.
Large-scale Cardano (ADA) investors have shown confidence in the market by accumulating a substantial number of tokens. Analyst CryptosRus noted that whale wallets acquired over 100 million ADA within a day.
Cardano (ADA) has surged 25%, pushing past $1. Despite retail profit-taking, the altcoin faces critical resistance at $1. 30. If ADA holds this level, it may continue its rally, targeting $1. 50.
Cardano could rally by 15% to reach the $1. 24 level if it closes a four-hour candle above the $1. 07 level.
ADA's Spot Inflow/Outflow data showed that exchanges have experienced a significant ouThe post Cardano breaks THIS bullish pattern, Is $1.
After crossing $1, ADA witnessed a 6% correction in the past 24 hours.
Rising active addresses and a few other metrics hinted at a bullish reversal.
Cardano [ADA] has been witnessing a mThe post Cardano's network activity reaches 2023 highs: ADA to $1.5 next? appeared first on AMBCrypto.
Cardano (ADA) dips below $1, but with rising exchange outflows and a bullish chart pattern, ADA might be ready for a price surge.
The post Cardano Bulls Withdraw $100 Million from Exchanges, Hint at Fresh ADA Surge appeared first on BeInCrypto.
Cardano (ADA) continued to exhibit strength over the weekend after surging past the critical $1 resistance level on Friday, following a week of intense buying pressure.
Cardano (ADA) price surged 41% in a week, backed by strong bullish indicators. Consolidation suggests challenges as $1 remains within reach.
The post This Is What Is Holding Cardano (ADA) Price Below $1 appeared first on BeInCrypto.
Cardano’s (ADA) price trajectory has interested crypto enthusiasts lately. Tweets from Lucid and CryptosRus outline compelling factors driving ADA’s rise. These factors include its decentralized nature, capped supply, and potential collaborations.
ADA’s Open Interest (OI) has increased by 6. 9%, indicating strong traders' participation.
ADA’s on-chain metrics suggested that bulls were dominating the asset.
In the ongoing bullish maThe post Cardano: Why $0.
Cardano's ADA surged above $0.60, fueled by Charles Hoskinson’s U.S. crypto policy stance, but market signals suggest an imminent pullback.
The post This is Why Cardano (ADA) May Struggle to Maintain $0.60 Level appeared first on BeInCrypto.
In a notable development, Cardano’s ADA has reentered the top 10 cryptocurrencies by market capitalization, propelled by a substantial double-digit rally.
Cardano large transactions surged by 32% over the past 24 hours.
ADA has surged by 14.72% over the past day.
After a sustained period of consolidation, Cardano [ADA] has seen a change in forThe post Cardano gains as whale transactions surge: A look at ADA's future appeared first on AMBCrypto.
The crypto analyst, known as @CryptoYapper, predicts that Cardano (ADA) is on the verge of a significant price movement. He highlights that the daily consolidating formation for ADA is nearing a critical breakout point.
Cardano is facing skepticism, with ADA struggling post-2022's bear market
Hoskinson's memecoin endorsement sparked controversy and raised serious accountability concerns
Cardano [ADA] has beThe post Is Cardano's Hoskinson hurting ADA's value? Poll suggests... appeared first on AMBCrypto.
Несмотря на то, что биткоин превысил $71 тыс. , Cardano торгуется по $0,3473, что отражает потерю 12% по сравнению с ценой месяц назад. Сегодня ADA показала рост всего на 2,2% на фоне возобновления бычьего импульса на рынке криптовалют.
Cardano (ADA) has made a strong comeback, with bulls stepping in to reverse the recent pullback and drive a fresh rally. After a brief period of downward pressure, the cryptocurrency is gaining traction once again, sparking renewed optimism among traders and investors.
Cardano’s ADA is down 1% today, now trading around $0. 36. This dip shouldn’t worry ADA holders too much considering the fact that the broader crypto market is correcting today as well.
Cardano (ADA) faces a pivotal moment, with trend momentum rising but strong resistance and weak support suggesting potential volatility.
The post Cardano (ADA) Price Could Surge 19% If This Happens appeared first on BeInCrypto.
Cardano is one of the most actively developed blockchains with an ambitious roadmap. Its native ADA token has seen immense growth since launching in 2017. This article explores what’s next for Cardano prices.
Cardano (ADA) has been experiencing a persistent downside trend since the start of 2023; the selling pressure has increased in the past week. However, network development continues to grow and could hint at a reversal for the cryptocurrency.
After losing the crucial $0. 34 price support, Cardano (ADA) has experienced a significant downtrend. In the past 24 hours, ADA has declined by 1. 6%. On the weekly chart, ADA has struggled to recover from an over 8% depreciation.
Cardano’s native token, ADA, has been significantly affected by the recent downturn in the cryptocurrency market, experiencing a notable decline in price. Despite a recent surge of over 6% in the last 24 hours, the bearish sentiment continues to exert its influence.
The Cardano (ADA) price experienced a decline, breaking below the $0. 33 level. This downward movement has resulted in bears gaining control of the market. ADA has lost around 4% of its value in the past 24 hours and has seen a weekly plunge of approximately 10%.
The Cardano price has consistently remained below the $0. 38 zone for the past two weeks, indicating a strong presence of sellers in the market. Despite attempts by buyers to regain strength over the past month, their efforts have been feeble, unable to overcome the bearish sentiment.
The price of Cardano has been following a bearish trajectory for the past couple of weeks. However, in recent trading sessions, there were bullish attempts as buyers tried to push the price higher.
