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Cardano remains entrenched in a consolidation phase within a triangle pattern, with critical support at the 100-day MA.The ongoing sideways action suggests that the next phase could be a bullish breakout, contingent on the market maintaining current support levels.Technical AnalysisBy ShayanThe Dail…
TL;DRThe Network UpgradeThe world’s biggest cryptocurrency exchange announced that it will temporarily halt the deposits and withdrawals of tokens on the Cardano (ADA) network on January 29. The effort aims to support its network upgrade and hard fork “to ensure the best user experience.” Token trad…
Cardano (ADA) has recovered strongly, bouncing 12.5% since its $0.857 low on Jan. 28. The rebound comes after establishing support from its 100-day exponential moving average (EMA), possibly triggering its next leg higher.At the time of writing, ADA’s price is trading at $0.956, which is up 7% over …
Understanding finality in blockchain Finality in blockchain means reaching a point where a transaction is permanent and irreversible. Once a transaction achieves finality, it’s locked in and cannot be altered or undone. This is crucial in maintaining trust in blockchain systems, as it guarantees t…
Cardano will participate in an upcoming event at Web3 Hub Davos on January 23rd. The CEO, Frederik Gregaard, will speak on “Connecting Ecosystem Vision with Startup Innovation”. Refer to the official tweet by ADA: Later in the week, on Thursday, 25 January, will speak on Connecting Ecosystem Vision…
TL;DR‘Grand Bull Market’ Incoming?The cryptocurrency market has been on a tear in the past several hours, with some leading digital assets reaching unseen levels. Bitcoin (BTC), for instance,tappedan all-time high of over $109,000 earlier today (January 20).Cardano’s ADA has also recorded a solid pe…
Cardano price started a fresh decline below the $1.050 zone. ADA is consolidating and might struggle to start a fresh increase above the $1.0250 level.ADA price started a fresh decline from the $1.150 zone.The price is trading below $1.0550 and the 100-hourly simple moving average.There is a connect…
De recente verkoop van miljoenen ADA-tokens door een Cardano-whale heeft de koers stevig doen dalen, met een verlies van meer dan 20% in slechts 48 uur. De prijs staat nu op $0,9352 en nadert kritieke support. Handelaren maken zich zorgen over de toenemende verkoopdruk en mogelijke verdere dalingen.…
Bitcoin has experienced a significant decline this week, with the cryptocurrency dropping from its recent high above $100,000 to around $91,200. This sharp downturn has sent ripples through the entire crypto market, triggering substantial liquidations and traders uncertainty.Let’s check why Bitcoin …
TL;DRThe Bullish ScenarioDespite the solid start to the year, the past few days have not been kind to the cryptocurrency market. Bitcoin’s (BTC) price has plummeted by around 9% on a 48-hour scale, while numerous altcoins have suffered even more substantial declines.Cardano’s ADA is one of those, wi…
Cardano (ADA) continued its losing streak on Jan. 9, dropping 8% over the last 24 hours to trade at $0.918. A weakening technical structure and several onchain signals suggest that ADA could slip lower in the near term. Let’s look at the factors driving Cardano price down today.Reducing network acti…
Whales on the Cardano network have accumulated over 10 million tokens in the span of 24 hours as the price of the cryptocurrency started dropping amid a wider crypto market correction.According to data from on-chain analytics firm Santiment shared by popular cryptocurrency analyst Ali Martinez on t…