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Cardano's Price Faces Resistance at $1 Amid Weekly Volatility
Cardano ($ADA ) continues to struggle with breaking the $1 mark, despite an overall trend suggesting a potential climb toward a new all-time high (ATH). However, technical analysis on TradingView points to a likely pullback to $0.43 before the next significant upward surge.
Resistance Levels and Corrective Phases
ADA's weekly candlestick analysis reveals notable resistance at $1.2046. This level emerged following Cardano's impressive 205% rally from $0.4322 in late October to $1.32 in late November. The upward movement created key support levels that have underpinned its price throughout this climb.
After reaching the overbought zone on the Relative Strength Index (RSI) with a peak at 82.87, Cardano entered a cooling phase, consolidating buying pressure. This corrective phase has led to retracements, reflecting market resistance and cooling price movements.
Immediate Outlook and Key Support Levels
While the long-term perspective remains positive, analysts caution that a sharp correction could lower Cardano's price in the short term. The first significant support level is at $0.7683, with $0.4322 acting as the critical last line of defense for the bullish trend. A break below $0.43 could signal deeper market declines and shift sentiment to bearish.
For a sustained positive outlook, ADA must hold above $0.43. Below this level, the next key supports are $0.3166 and $0.2427. However, a breach of these levels is unlikely, as they represent Cardano's lowest points from the previous bear market.
Bright Future Despite Corrections
Despite potential short-term declines, Cardano's current market activity and buying trends suggest a strong long-term outlook. Currently trading at $0.912 and up 2% in the last 24 hours, ADA shows resilience. Once the $1.2046 resistance is overcome, Cardano could test its $3.09 ATH and possibly set new highs during this market cycle.
#Cardano #ADA #BTCXmasOrDip? #Crypto2025Trends
$ETH
Resistance Levels and Corrective Phases
ADA's weekly candlestick analysis reveals notable resistance at $1.2046. This level emerged following Cardano's impressive 205% rally from $0.4322 in late October to $1.32 in late November. The upward movement created key support levels that have underpinned its price throughout this climb.
After reaching the overbought zone on the Relative Strength Index (RSI) with a peak at 82.87, Cardano entered a cooling phase, consolidating buying pressure. This corrective phase has led to retracements, reflecting market resistance and cooling price movements.
Immediate Outlook and Key Support Levels
While the long-term perspective remains positive, analysts caution that a sharp correction could lower Cardano's price in the short term. The first significant support level is at $0.7683, with $0.4322 acting as the critical last line of defense for the bullish trend. A break below $0.43 could signal deeper market declines and shift sentiment to bearish.
For a sustained positive outlook, ADA must hold above $0.43. Below this level, the next key supports are $0.3166 and $0.2427. However, a breach of these levels is unlikely, as they represent Cardano's lowest points from the previous bear market.
Bright Future Despite Corrections
Despite potential short-term declines, Cardano's current market activity and buying trends suggest a strong long-term outlook. Currently trading at $0.912 and up 2% in the last 24 hours, ADA shows resilience. Once the $1.2046 resistance is overcome, Cardano could test its $3.09 ATH and possibly set new highs during this market cycle.
#Cardano #ADA #BTCXmasOrDip? #Crypto2025Trends
$ETH
🚨 $ADA /USDT Update: Market in Motion! 🌟
📉 Current Price: $0.8666 (-5.95%)
📊 24h High/Low: $0.9403 / $0.8666
🔄 24h Volume: 111.24M ADA ($100.99M USDT)
📅 Performance Snapshot:
Today: -5.04%
7 Days: -17.78%
30 Days: -13.08%
1 Year: +46.25%
💡 ADA On The Move:
Cardano has had a pullback, but its long-term potential remains strong, with over 120% growth in the past year. Watch key resistance at $0.9403 and support around $0.8600. Is now the time to enter or wait for a bounce?
📈 Trade ADA/USDT now on Binance and capitalize on the opportunity!
#ADA #Cardano #CryptoTrading #Binance #Write2Earn
📉 Current Price: $0.8666 (-5.95%)
📊 24h High/Low: $0.9403 / $0.8666
🔄 24h Volume: 111.24M ADA ($100.99M USDT)
📅 Performance Snapshot:
Today: -5.04%
7 Days: -17.78%
30 Days: -13.08%
1 Year: +46.25%
💡 ADA On The Move:
Cardano has had a pullback, but its long-term potential remains strong, with over 120% growth in the past year. Watch key resistance at $0.9403 and support around $0.8600. Is now the time to enter or wait for a bounce?
📈 Trade ADA/USDT now on Binance and capitalize on the opportunity!
#ADA #Cardano #CryptoTrading #Binance #Write2Earn
Lashawnda Scotti uUDT:
this is they best time for buying..
Cardano's Price Struggles to Break $1 Amid Weekly Corrections
The overall trend implies a weekly climb towards a new all-time high (ATH), but current technical analysis on TradingView shows a continuing pullback to $0.43 before another strong upward surge.
Resistance and cooling are seen in price movements.
Technical analysis of Cardano (ADA) weekly candlestick price activity shows resistance around $1.2046. This barrier developed following Cardano's 205% rise from $0.4322 in late October to $1.32 in late November.
Cardano formed important lows that maintain its price throughout this amazing price climb. Cardano entered the overbought RSI zone after the surge. After rallying to 82.87 on the RSI, Cardano has retraced into a cooling/corrective phase where purchasing pressure is consolidating.
While the long-term view is favorable, the study suggests a steep correction that might lower Cardano prices in the immediate term. The expert suggests ADA revisit support levels if a further downturn occurs. Price reactions have shown the first important level at $0.7683 is significant.
$0.4322 is the last support for the bullish run below this. To maintain a positive trend, ADA must hold above $0.43. Failure to hold above $0.43 might lead to greater market falls and a pessimistic outlook.
The analyst's main supports are $0.3166 and $0.2427. In event of a longer-term downturn, Cardano's lowest support from the last bear market is unlikely to be broken.
Despite the possibility of a significant fall, Cardano's current market behavior and purchasing tendencies indicate a bright future. ADA is now trading at $0.912 and up 2% in 24 hours. ADA may test its $3.09 all-time high and perhaps set new highs in the current cycle after $1.2046 barrier is passed.
#Cardano #ADA #Crypto2025Trends $ADA $ETH $XRP
The overall trend implies a weekly climb towards a new all-time high (ATH), but current technical analysis on TradingView shows a continuing pullback to $0.43 before another strong upward surge.
Resistance and cooling are seen in price movements.
Technical analysis of Cardano (ADA) weekly candlestick price activity shows resistance around $1.2046. This barrier developed following Cardano's 205% rise from $0.4322 in late October to $1.32 in late November.
Cardano formed important lows that maintain its price throughout this amazing price climb. Cardano entered the overbought RSI zone after the surge. After rallying to 82.87 on the RSI, Cardano has retraced into a cooling/corrective phase where purchasing pressure is consolidating.
While the long-term view is favorable, the study suggests a steep correction that might lower Cardano prices in the immediate term. The expert suggests ADA revisit support levels if a further downturn occurs. Price reactions have shown the first important level at $0.7683 is significant.
$0.4322 is the last support for the bullish run below this. To maintain a positive trend, ADA must hold above $0.43. Failure to hold above $0.43 might lead to greater market falls and a pessimistic outlook.
The analyst's main supports are $0.3166 and $0.2427. In event of a longer-term downturn, Cardano's lowest support from the last bear market is unlikely to be broken.
Despite the possibility of a significant fall, Cardano's current market behavior and purchasing tendencies indicate a bright future. ADA is now trading at $0.912 and up 2% in 24 hours. ADA may test its $3.09 all-time high and perhaps set new highs in the current cycle after $1.2046 barrier is passed.
#Cardano #ADA #Crypto2025Trends $ADA $ETH $XRP
Tambra Siddiqi vtft:
the whole crypto world struggles, not just cardano 😂
Cardano's Resilience: Profitability Amid Market Turbulence 🚀
Despite ADA's ongoing price consolidation and a 15.39% drop in December, 61.63% of Cardano wallets remain profitable, according to data from IntoTheBlock. This showcases the resilience of long-term holders, even as the market tests psychological thresholds like the $1 mark.
Key Highlights:
ADA dropped to a one-month low of $0.7618 on Dec. 20 but slightly rebounded.
2.71M Cardano addresses are in profit, even below the $1 zone.
Wallets in losses stand at 1.51M, while 179,970 wallets are at breakeven.
Path to Recovery:
For ADA to regain momentum, it needs to:
1️⃣ Break the $0.9972 resistance from Dec. 21.
2️⃣ Conquer the 20-day moving average ceiling at $1.0321.
3️⃣ Overcome a significant supply wall at $0.9696–$1.09, where 243,900 addresses hold 3.77B ADA.
Analyst Outlook:
Market watchers, like Javon Marks, are optimistic, predicting a potential 180% surge to $2.77 if ADA breaks out of its current consolidation phase.
➡️ Your Take? Will ADA flip $1 into support or face further resistance? Share your thoughts!
#Cardano #MarketRebound #ADA #CryptoAnalysis #BinanceSquare
Despite ADA's ongoing price consolidation and a 15.39% drop in December, 61.63% of Cardano wallets remain profitable, according to data from IntoTheBlock. This showcases the resilience of long-term holders, even as the market tests psychological thresholds like the $1 mark.
Key Highlights:
ADA dropped to a one-month low of $0.7618 on Dec. 20 but slightly rebounded.
2.71M Cardano addresses are in profit, even below the $1 zone.
Wallets in losses stand at 1.51M, while 179,970 wallets are at breakeven.
Path to Recovery:
For ADA to regain momentum, it needs to:
1️⃣ Break the $0.9972 resistance from Dec. 21.
2️⃣ Conquer the 20-day moving average ceiling at $1.0321.
3️⃣ Overcome a significant supply wall at $0.9696–$1.09, where 243,900 addresses hold 3.77B ADA.
Analyst Outlook:
Market watchers, like Javon Marks, are optimistic, predicting a potential 180% surge to $2.77 if ADA breaks out of its current consolidation phase.
➡️ Your Take? Will ADA flip $1 into support or face further resistance? Share your thoughts!
#Cardano #MarketRebound #ADA #CryptoAnalysis #BinanceSquare
K S W :
Greats,This is your ideas.Thank you my friend.🙂
$ADA /USDT Analysis Update 🔄
Cardano (ADA) is trading at $0.9119 (-3.24%), experiencing bearish momentum after a rejection from the $0.9507 high. The price is testing near the support zone, signaling a potential bounce or further downside.
Key Levels to Watch:
Resistance: $0.9320
Support: $0.9000
Critical Zone: $0.8918
Strategy:
Bullish Recovery:
Entry: Above $0.9200
Target 1: $0.9400
Target 2: $0.9500
Stop Loss: Below $0.9100
Bearish Continuation:
Entry: Below $0.9000
Target 1: $0.8900
Target 2: $0.8800
Stop Loss: Above $0.9100
📊 Observation: Monitor for volume spikes and momentum shifts. Risk management is essential in such volatile conditions.
#CryptoTrading #ADA #Cardano #TradingSignals
Cardano (ADA) is trading at $0.9119 (-3.24%), experiencing bearish momentum after a rejection from the $0.9507 high. The price is testing near the support zone, signaling a potential bounce or further downside.
Key Levels to Watch:
Resistance: $0.9320
Support: $0.9000
Critical Zone: $0.8918
Strategy:
Bullish Recovery:
Entry: Above $0.9200
Target 1: $0.9400
Target 2: $0.9500
Stop Loss: Below $0.9100
Bearish Continuation:
Entry: Below $0.9000
Target 1: $0.8900
Target 2: $0.8800
Stop Loss: Above $0.9100
📊 Observation: Monitor for volume spikes and momentum shifts. Risk management is essential in such volatile conditions.
#CryptoTrading #ADA #Cardano #TradingSignals
Cardano ($ADA ):
#Cardano is approaching a key support level at $0.7620, presenting a strong potential for a bullish reversal. If the price holds this level, a breakout above $1.00 could trigger a rally toward $1.45 and higher.
Support: $0.7620
Resistance: $1.00, $1.45
Watch $0.7620 for long positions. A confirmed breakout above $1.00 signals bullish momentum
#Cardano is approaching a key support level at $0.7620, presenting a strong potential for a bullish reversal. If the price holds this level, a breakout above $1.00 could trigger a rally toward $1.45 and higher.
Support: $0.7620
Resistance: $1.00, $1.45
Watch $0.7620 for long positions. A confirmed breakout above $1.00 signals bullish momentum
Cardano (ADA) danger signal: Whale activity has decreased.
#Cardano ($ADA ), which fell below $ 1 with the pullback in the market, saw a decrease in whale activity.
Cardano (ADA) is trying to recover after the sharp decline it experienced in recent days. Cardano's daily active addresses (DAA) metric indicates that the number of users on the network is decreasing and the selling pressure on the token is increasing. While ADA's transaction volume remains stagnant, the decrease in the number of active users on the network signals that a new decline may be coming.
Cardano's macro momentum indicators are also giving bearish signals. In particular, there was an unexpected decrease in large investors (transactions over $ 100,000). The fact that whales are moving away from Cardano stands out as another factor that could trigger a price decline. In addition, the fact that ETH has not yet regained its strength and Bitcoin dominance is at high levels is suppressing the #ADA price.
The decline of #Bitcoin dominance, $ETH exceeding $4,000 or positive news from the Cardano ecosystem will push the price up. In such a scenario, it is highly likely that the $1 band will be exceeded again. Daily closings above $1 could push the price to $1.5.
Surprising price prediction from a crypto analyst
Although macro data for Cardano signals a decline, some analysts seem hopeful. Crypto analyst Javon expressed his ADA price targets in a post on X (formerly Twitter). Javon, who predicts a 180 percent increase from the current level, estimates that ADA could first reach $2.77. Later, the analyst, who thinks that the price could reach $7.80, surprised ADA investors.
#Cardano ($ADA ), which fell below $ 1 with the pullback in the market, saw a decrease in whale activity.
Cardano (ADA) is trying to recover after the sharp decline it experienced in recent days. Cardano's daily active addresses (DAA) metric indicates that the number of users on the network is decreasing and the selling pressure on the token is increasing. While ADA's transaction volume remains stagnant, the decrease in the number of active users on the network signals that a new decline may be coming.
Cardano's macro momentum indicators are also giving bearish signals. In particular, there was an unexpected decrease in large investors (transactions over $ 100,000). The fact that whales are moving away from Cardano stands out as another factor that could trigger a price decline. In addition, the fact that ETH has not yet regained its strength and Bitcoin dominance is at high levels is suppressing the #ADA price.
The decline of #Bitcoin dominance, $ETH exceeding $4,000 or positive news from the Cardano ecosystem will push the price up. In such a scenario, it is highly likely that the $1 band will be exceeded again. Daily closings above $1 could push the price to $1.5.
Surprising price prediction from a crypto analyst
Although macro data for Cardano signals a decline, some analysts seem hopeful. Crypto analyst Javon expressed his ADA price targets in a post on X (formerly Twitter). Javon, who predicts a 180 percent increase from the current level, estimates that ADA could first reach $2.77. Later, the analyst, who thinks that the price could reach $7.80, surprised ADA investors.
Tran Saloum Zhur:
Noted
Part 2: Continuing with Low-Risk Cryptos for 2025💯🔥
4. Solana (SOL):
Known for its high-speed transactions and low fees, Solana has gained traction as a major competitor to Ethereum. Its rapidly growing ecosystem of dApps and DeFi projects makes it a promising low-risk investment for 2025.
$SOL
5. Cardano (ADA):
Cardano is a third-generation blockchain known for its focus on security, scalability, and sustainability. With its slow yet steady development, ADA is considered a low-risk investment for long-term holders who want exposure to smart contract platforms.
$ADA
6. Polygon (MATIC):
Polygon solves Ethereum's scalability issues, offering lower transaction fees and faster speeds. As the demand for Ethereum solutions grows, Polygon’s role in improving the Ethereum network could lead to significant gains in the coming years.
7. Chainlink (LINK):
Chainlink provides decentralized oracles that allow smart contracts to securely interact with real-world data. As the demand for blockchain interoperability and real-world data increases, LINK’s utility could keep growing steadily.
$LINK
💼 Tips for Low-Risk Crypto Investing
1. Diversify: Spread your investments across several reliable cryptocurrencies to minimize risk.
2. Do Your Research: Keep an eye on market trends, news, and technological advancements.
3. Long-Term Focus: Crypto markets can be volatile, but holding for the long term often reduces risk and increases returns.
4. Use Dollar-Cost Averaging: Invest a fixed amount at regular intervals to smooth out price fluctuations.
💬 In Conclusion:
While all investments carry some level of risk, the above cryptocurrencies are among the most established in the market, offering strong potential for steady, long-term gains in 2025. By holding these assets, you can position yourself for success in the evolving crypto landscape.
#CryptoInvestment #LowRiskCrypto #Solana #Cardano #Chainlink
Known for its high-speed transactions and low fees, Solana has gained traction as a major competitor to Ethereum. Its rapidly growing ecosystem of dApps and DeFi projects makes it a promising low-risk investment for 2025.
$SOL
5. Cardano (ADA):
Cardano is a third-generation blockchain known for its focus on security, scalability, and sustainability. With its slow yet steady development, ADA is considered a low-risk investment for long-term holders who want exposure to smart contract platforms.
$ADA
6. Polygon (MATIC):
Polygon solves Ethereum's scalability issues, offering lower transaction fees and faster speeds. As the demand for Ethereum solutions grows, Polygon’s role in improving the Ethereum network could lead to significant gains in the coming years.
7. Chainlink (LINK):
Chainlink provides decentralized oracles that allow smart contracts to securely interact with real-world data. As the demand for blockchain interoperability and real-world data increases, LINK’s utility could keep growing steadily.
$LINK
💼 Tips for Low-Risk Crypto Investing
1. Diversify: Spread your investments across several reliable cryptocurrencies to minimize risk.
2. Do Your Research: Keep an eye on market trends, news, and technological advancements.
3. Long-Term Focus: Crypto markets can be volatile, but holding for the long term often reduces risk and increases returns.
4. Use Dollar-Cost Averaging: Invest a fixed amount at regular intervals to smooth out price fluctuations.
💬 In Conclusion:
While all investments carry some level of risk, the above cryptocurrencies are among the most established in the market, offering strong potential for steady, long-term gains in 2025. By holding these assets, you can position yourself for success in the evolving crypto landscape.
#CryptoInvestment #LowRiskCrypto #Solana #Cardano #Chainlink
Cardano vs. AI: Hoskinson's Viral Showdown with RoastMaster9000 🤯
The crypto world was abuzz when Cardano founder Charles Hoskinson clashed with an AI bot, RoastMaster9000, on social media. It all started with Hoskinson’s comment on Zara Dar's pivot to OnlyFans: "Welcome to the new economy." The bot shot back, comparing Cardano's development to abandoning challenges for easier paths.
The exchange escalated, with RoastMaster9000 critiquing Cardano's smart contract capabilities and transaction speeds, prompting a spirited defense from Hoskinson. Initially unaware he was debating an AI, Hoskinson later embraced the humor, likening himself to Star Trek’s Captain Kirk.
The encounter inspired Hoskinson to reveal a new Input Output Global project: Me-Box, an initiative to create AI-powered digital avatars for personalized interaction. The incident also sparked renewed debate on Cardano’s tech capabilities and the evolving role of AI in blockchain.
This viral moment highlights how AI and blockchain can converge, turning lighthearted banter into meaningful tech discussions.
#Cardano #ADA #CharlesHoskinson #OnlyFans #AI $ADA
The crypto world was abuzz when Cardano founder Charles Hoskinson clashed with an AI bot, RoastMaster9000, on social media. It all started with Hoskinson’s comment on Zara Dar's pivot to OnlyFans: "Welcome to the new economy." The bot shot back, comparing Cardano's development to abandoning challenges for easier paths.
The exchange escalated, with RoastMaster9000 critiquing Cardano's smart contract capabilities and transaction speeds, prompting a spirited defense from Hoskinson. Initially unaware he was debating an AI, Hoskinson later embraced the humor, likening himself to Star Trek’s Captain Kirk.
The encounter inspired Hoskinson to reveal a new Input Output Global project: Me-Box, an initiative to create AI-powered digital avatars for personalized interaction. The incident also sparked renewed debate on Cardano’s tech capabilities and the evolving role of AI in blockchain.
This viral moment highlights how AI and blockchain can converge, turning lighthearted banter into meaningful tech discussions.
#Cardano #ADA #CharlesHoskinson #OnlyFans #AI $ADA
Feed-Creator-fbb8334d0:
shitty currency that never goes up, always stagnant..
🚀 Cardano (ADA)
Current Price: $0.90296 | Change: -2.34%
Cardano experiences a slight correction but remains within range. With Bitcoin’s positive momentum, Cardano could reverse its trend and climb back toward $1.00 in the coming days.
🔑 Prediction: $0.95–$1.00
$ADA
#Cardano #CryptoPotential #BitcoinBoost
Current Price: $0.90296 | Change: -2.34%
Cardano experiences a slight correction but remains within range. With Bitcoin’s positive momentum, Cardano could reverse its trend and climb back toward $1.00 in the coming days.
🔑 Prediction: $0.95–$1.00
$ADA
#Cardano #CryptoPotential #BitcoinBoost
"Cardano Bulls Go All-In with $6B ADA Purchase on Christmas Day: $1 Target in Sight"
#Cardano bulls accumulated a substantial amount of ADA tokens on Christmas day amid the recovery push from the broader crypto market.
Read more on: https://thecryptobasic.com/2024/12/26/cardano-bulls-bought-6b-worth-of-ada-on-christmas-day-as-price-eyes-1/
#CryptoNewsFlash
Read more on: https://thecryptobasic.com/2024/12/26/cardano-bulls-bought-6b-worth-of-ada-on-christmas-day-as-price-eyes-1/
#CryptoNewsFlash
The #Cardano founder, Charles Hoskinson, believes the Cardano-native Lace wallet will likely transform to a “powerhouse” in 2025.
As 2024 draws to a close, many crypto industry participants are wondering what catalysts will drive their various ecosystems to new heights in 2025. One such catalyst for the Cardano ecosystem may have recently been revealed.
“A Powerhouse”
Cardano founder Charles Hoskinson has tipped Lace, the feature-packed light wallet built by Input Output, the primary developers of the Cardano network, to be “a powerhouse” for the ecosystem in 2025.
Hoskinson expressed this sentiment on Tuesday, December 24, in response to statements from the wallet that its Nami migration, referring to the migration of users from Nami to Lace, was in “full swing” and that more users were adopting the latter.
Nami is among Cardano’s most popular wallets, boasting over 200,000 users. Input Output absorbed the wallet in 2023, launching an embedded mode that lets users stick with the Nami UX they fell in love with while enjoying all the new benefits promised by Lace, including greater security, transaction bundling, and easy governance access.
Hoskinson’s statements come as proponents expect Lace to serve as an easy-to-use, feature-packed portal to the Cardano network that makes the ecosystem more accessible to millions of users.
At the time of writing, however, the wallet is only available as a browser extension on popular options like Chrome and Brave, with a promised mobile app presumably still in the pipeline.
#CryptoNews🚀🔥V
As 2024 draws to a close, many crypto industry participants are wondering what catalysts will drive their various ecosystems to new heights in 2025. One such catalyst for the Cardano ecosystem may have recently been revealed.
“A Powerhouse”
Cardano founder Charles Hoskinson has tipped Lace, the feature-packed light wallet built by Input Output, the primary developers of the Cardano network, to be “a powerhouse” for the ecosystem in 2025.
Hoskinson expressed this sentiment on Tuesday, December 24, in response to statements from the wallet that its Nami migration, referring to the migration of users from Nami to Lace, was in “full swing” and that more users were adopting the latter.
Nami is among Cardano’s most popular wallets, boasting over 200,000 users. Input Output absorbed the wallet in 2023, launching an embedded mode that lets users stick with the Nami UX they fell in love with while enjoying all the new benefits promised by Lace, including greater security, transaction bundling, and easy governance access.
Hoskinson’s statements come as proponents expect Lace to serve as an easy-to-use, feature-packed portal to the Cardano network that makes the ecosystem more accessible to millions of users.
At the time of writing, however, the wallet is only available as a browser extension on popular options like Chrome and Brave, with a promised mobile app presumably still in the pipeline.
#CryptoNews🚀🔥V
See original
Charles Hoskinson predicts loud success for the Lace wallet
The founder of Cardano stated that Lace, created by developer Input Output, will become a central component of the Cardano ecosystem by 2025.
Hoskinson also emphasized that 2025 will be a decisive year for Cardano.
#Cardano #ADA! #CryptoNewss
$ADA
$BNB
The founder of Cardano stated that Lace, created by developer Input Output, will become a central component of the Cardano ecosystem by 2025.
Hoskinson also emphasized that 2025 will be a decisive year for Cardano.
#Cardano #ADA! #CryptoNewss
$ADA
$BNB
📊 Here’s a Potential Downside Price Target for Cardano If $ADA Sees New Correction, According to Benjamin Cowen
A widely followed crypto analyst is identifying the downside price target for smart contract platform Cardano (ADA) if it undergoes another correction.
In a new video update, crypto strategist Benjamin Cowen tells his 849,000 YouTube subscribers that if the Federal Reserve doesn’t bring back quantitative easing (QE), then ADA could continue to slip.
“There’s also a chance [#ADA ] could go lower, especially if it follows what it did last cycle… If it were to drop 56%, that would actually put you below $0.60, which is right where it went last time…
There’s always a chance that it comes back down to [the $0.357 price level], because [Fed Chair Jerome] Powell just says ‘no QE, continue on playing in the sandbox and the cryptoverse and we’ll give you QE sometime later.’ There’s a chance that happens.”
Quantitative easing is when a government’s central bank purchases financial assets to increase the money supply and stimulate economic activity.
Cowen goes on to say that ADA’s technical indicators, such as its 20-week simple moving average (SMA) and 21-week exponential moving average (EMA), are lining up with the theory that the crypto asset could see another sizeable dip.
“The other thing to look at is the bull market support band. The bull market support band for ADA to Bitcoin – you can see that first of all, it wicked below it [in mid 2023] but it had a weekly close right around the 20-week SMA. [Earlier this year] it was just above the 21-week EMA, so I would also keep an eye on that.
The 20-week SMA for ADA is around $0.56 [and] the 21-week EMA is around $0.67, so that would also correspond to [a price tag of around $0.53].”
ADA is trading for $0.89 at time of writing, a 3% increase during the last day. On December 2nd, it was valued at $1.21.
#Cardano
A widely followed crypto analyst is identifying the downside price target for smart contract platform Cardano (ADA) if it undergoes another correction.
In a new video update, crypto strategist Benjamin Cowen tells his 849,000 YouTube subscribers that if the Federal Reserve doesn’t bring back quantitative easing (QE), then ADA could continue to slip.
“There’s also a chance [#ADA ] could go lower, especially if it follows what it did last cycle… If it were to drop 56%, that would actually put you below $0.60, which is right where it went last time…
There’s always a chance that it comes back down to [the $0.357 price level], because [Fed Chair Jerome] Powell just says ‘no QE, continue on playing in the sandbox and the cryptoverse and we’ll give you QE sometime later.’ There’s a chance that happens.”
Quantitative easing is when a government’s central bank purchases financial assets to increase the money supply and stimulate economic activity.
Cowen goes on to say that ADA’s technical indicators, such as its 20-week simple moving average (SMA) and 21-week exponential moving average (EMA), are lining up with the theory that the crypto asset could see another sizeable dip.
“The other thing to look at is the bull market support band. The bull market support band for ADA to Bitcoin – you can see that first of all, it wicked below it [in mid 2023] but it had a weekly close right around the 20-week SMA. [Earlier this year] it was just above the 21-week EMA, so I would also keep an eye on that.
The 20-week SMA for ADA is around $0.56 [and] the 21-week EMA is around $0.67, so that would also correspond to [a price tag of around $0.53].”
ADA is trading for $0.89 at time of writing, a 3% increase during the last day. On December 2nd, it was valued at $1.21.
#Cardano
Anonymous-User-9ed80:
como faso para pegar depositar reais com cartão de crédito
"Cardano’s Hidden Winners: Addresses in Profit Amid Price Stagnation"
More #Cardano (ADA) addresses are currently witnessing profits on their investments despite the ongoing price consolidation.
Read more on: https://thecryptobasic.com/2024/12/25/here-are-cardano-addresses-in-profit-despite-price-consolidation/
#CryptoNewsCommunity
Read more on: https://thecryptobasic.com/2024/12/25/here-are-cardano-addresses-in-profit-despite-price-consolidation/
#CryptoNewsCommunity
📊 Here’s a Potential Downside Price Target for Cardano If $ADA Sees New Correction, According to Benjamin Cowen
A widely followed crypto analyst is identifying the downside price target for smart contract platform Cardano (ADA) if it undergoes another correction.
In a new video update, crypto strategist Benjamin Cowen tells his 849,000 YouTube subscribers that if the Federal Reserve doesn’t bring back quantitative easing (QE), then ADA could continue to slip.
“There’s also a chance [#ADA ] could go lower, especially if it follows what it did last cycle… If it were to drop 56%, that would actually put you below $0.60, which is right where it went last time…
There’s always a chance that it comes back down to [the $0.357 price level], because [Fed Chair Jerome] Powell just says ‘no QE, continue on playing in the sandbox and the cryptoverse and we’ll give you QE sometime later.’ There’s a chance that happens.”
Quantitative easing is when a government’s central bank purchases financial assets to increase the money supply and stimulate economic activity.
Cowen goes on to say that ADA’s technical indicators, such as its 20-week simple moving average (SMA) and 21-week exponential moving average (EMA), are lining up with the theory that the crypto asset could see another sizeable dip.
“The other thing to look at is the bull market support band. The bull market support band for ADA to Bitcoin – you can see that first of all, it wicked below it [in mid 2023] but it had a weekly close right around the 20-week SMA. [Earlier this year] it was just above the 21-week EMA, so I would also keep an eye on that.
The 20-week SMA for ADA is around $0.56 [and] the 21-week EMA is around $0.67, so that would also correspond to [a price tag of around $0.53].”
ADA is trading for $0.89 at time of writing, a 3% increase during the last day. On December 2nd, it was valued at $1.21.
#Cardano
#btc
A widely followed crypto analyst is identifying the downside price target for smart contract platform Cardano (ADA) if it undergoes another correction.
In a new video update, crypto strategist Benjamin Cowen tells his 849,000 YouTube subscribers that if the Federal Reserve doesn’t bring back quantitative easing (QE), then ADA could continue to slip.
“There’s also a chance [#ADA ] could go lower, especially if it follows what it did last cycle… If it were to drop 56%, that would actually put you below $0.60, which is right where it went last time…
There’s always a chance that it comes back down to [the $0.357 price level], because [Fed Chair Jerome] Powell just says ‘no QE, continue on playing in the sandbox and the cryptoverse and we’ll give you QE sometime later.’ There’s a chance that happens.”
Quantitative easing is when a government’s central bank purchases financial assets to increase the money supply and stimulate economic activity.
Cowen goes on to say that ADA’s technical indicators, such as its 20-week simple moving average (SMA) and 21-week exponential moving average (EMA), are lining up with the theory that the crypto asset could see another sizeable dip.
“The other thing to look at is the bull market support band. The bull market support band for ADA to Bitcoin – you can see that first of all, it wicked below it [in mid 2023] but it had a weekly close right around the 20-week SMA. [Earlier this year] it was just above the 21-week EMA, so I would also keep an eye on that.
The 20-week SMA for ADA is around $0.56 [and] the 21-week EMA is around $0.67, so that would also correspond to [a price tag of around $0.53].”
ADA is trading for $0.89 at time of writing, a 3% increase during the last day. On December 2nd, it was valued at $1.21.
#Cardano
#btc
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Cardano (ADA) Decline: Whales Withdraw, Clear Risk of Price Drop!
Cardano (ADA) is facing worrying signals as market indicators show increasing selling pressure and a decline in activity from major investors, particularly whales. These are factors that could negatively impact ADA's price in the short term.
The current situation of ADA
• User activity decreases: The daily active addresses (DAA) index has declined, indicating a weakening in network usage. This also coincides with stagnation in trading volume.
The current situation of ADA
• User activity decreases: The daily active addresses (DAA) index has declined, indicating a weakening in network usage. This also coincides with stagnation in trading volume.
Cardano’s 18.53M ADA Unlock Sparks Fear, Price Crash Ahead?
ADA, the native token of the Cardano blockchain, appears to be struggling amid ongoing market uncertainty.
Adding to the concerns, a recent update regarding Cardano’s token unlock has sparked fear among traders and investors about a potential price dip.
Cardano (ADA) Token Unlock Scheduled
Today, December 24, 2024, a crypto insights provider, Tokenomist, posted on X (formerly Twitter) revealing that the Cardano blockchain is set to unlock 18.53 million ADA tokens worth $16.37 million on December 26, 2024.
The report further stated that this substantial token unlocks accounts for 0.05% of Cardano’s total circulating supply.
With the recent token unlock, Cardano will have unlocked 85.44% of its maximum ADA supply.
ADA Current Price and Potential Impact
Based on the data, whenever a project unlocks its respective tokens, it typically creates inflows into exchanges, leading to selling pressure and a subsequent price decline. In the case of ADA, experts and analysts suggest that the token might face a price drop in the coming days.
At press time, ADA is trading near $0.93 and has experienced a price surge of over 8% in the past 24 hours.
However, during the same period, its trading volume dropped by 5%, suggesting that traders and investors are still apprehensive about a potential price decline, which might explain the lower participation.
Cardano (ADA) Technical Analysis and Upcoming Level
According to expert technical analysis, ADA has been consolidating within a tight range of $0.86 to $0.97 over the past five trading days. The breakout from this consolidation zone could determine whether ADA will rally or decline in the future.
Based on recent price action, if ADA breaks out of the consolidation zone and closes a daily candle above the $0.98 mark, it is highly likely to rally by 25% to reach the $1.25 mark.
#ADA #Cardano #BinanceAlphaAlert #GrayscaleHorizenTrust #MarketRebound $ADA $BTC $ETH
ADA, the native token of the Cardano blockchain, appears to be struggling amid ongoing market uncertainty.
Adding to the concerns, a recent update regarding Cardano’s token unlock has sparked fear among traders and investors about a potential price dip.
Cardano (ADA) Token Unlock Scheduled
Today, December 24, 2024, a crypto insights provider, Tokenomist, posted on X (formerly Twitter) revealing that the Cardano blockchain is set to unlock 18.53 million ADA tokens worth $16.37 million on December 26, 2024.
The report further stated that this substantial token unlocks accounts for 0.05% of Cardano’s total circulating supply.
With the recent token unlock, Cardano will have unlocked 85.44% of its maximum ADA supply.
ADA Current Price and Potential Impact
Based on the data, whenever a project unlocks its respective tokens, it typically creates inflows into exchanges, leading to selling pressure and a subsequent price decline. In the case of ADA, experts and analysts suggest that the token might face a price drop in the coming days.
At press time, ADA is trading near $0.93 and has experienced a price surge of over 8% in the past 24 hours.
However, during the same period, its trading volume dropped by 5%, suggesting that traders and investors are still apprehensive about a potential price decline, which might explain the lower participation.
Cardano (ADA) Technical Analysis and Upcoming Level
According to expert technical analysis, ADA has been consolidating within a tight range of $0.86 to $0.97 over the past five trading days. The breakout from this consolidation zone could determine whether ADA will rally or decline in the future.
Based on recent price action, if ADA breaks out of the consolidation zone and closes a daily candle above the $0.98 mark, it is highly likely to rally by 25% to reach the $1.25 mark.
#ADA #Cardano #BinanceAlphaAlert #GrayscaleHorizenTrust #MarketRebound $ADA $BTC $ETH
🚀 Cardano (ADA) Update: Big Moves Ahead! 🚀
🔴 Recent Price Action:
1 Week: -20.80%
1 Month: -14.34%
6 Months: +122.45% 📈
📊 Key Indicators:
RSI: 42.36 – nearing oversold, potential bullish reversal!
Stochastic Oscillator: 13.57 – ready for a bounce!
MACD: -0.0055 – bearish, but a shift may be coming.
📈 Price Levels to Watch:
Resistance: $1.28 → +48% potential
Next Resistance: $1.64 → +78% potential
Support: $0.56 → -22% dip if broken.
$ADA
💥 ADA is consolidating, primed for breakout! Watch these levels closely for your next move.
🔗 #Cardano #ADA #crypto #bullishreversal #InvestmentOpportunity
🔴 Recent Price Action:
1 Week: -20.80%
1 Month: -14.34%
6 Months: +122.45% 📈
📊 Key Indicators:
RSI: 42.36 – nearing oversold, potential bullish reversal!
Stochastic Oscillator: 13.57 – ready for a bounce!
MACD: -0.0055 – bearish, but a shift may be coming.
📈 Price Levels to Watch:
Resistance: $1.28 → +48% potential
Next Resistance: $1.64 → +78% potential
Support: $0.56 → -22% dip if broken.
$ADA
💥 ADA is consolidating, primed for breakout! Watch these levels closely for your next move.
🔗 #Cardano #ADA #crypto #bullishreversal #InvestmentOpportunity