Tag: ADA/USD

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Cardano gets listed on Robinhood but ADA bulls are running out of steam, risking 40% drop

ADA prints modest upside moves that may run out of steam due to weak technicals and macro factors. ThCardano (ADA) market has witnessed back-to-back pieces of good news since Aug. 31, from its listing on Robinhood, a U.S.-based retail investment platform, to the release of its first lending and borrowing protocol, Aada Finance. Additionally, Cardano developer IOHK…
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Sell the news? Cardano price risks 20% drop despite Vasil hard fork euphoria

ADA runs out of buyers despite the long-awaited Cardano hard fork going live potentially at the end of July. Cardano (ADA) has dipped this July 21 as the market favors mounting selling pressure around its most reliable resistance levels in 2022 over a major upcoming hard fork. ADA price could plunge 20% by early August ADA’s…
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Cardano ‘sharks’ scoop up 79.1 million ADA ahead of Vasil hard fork

ADA accumulation occurs despite a technical outlook threatening a 35% price crash by September 2022. The decline in Cardano (ADA) price this year has prompted some of its richest investors to accumulate the token. Cardano sharks in buying spree Notably, addresses holding between 10,000 and 100,000 ADA, also called “sharks,” have added 79.1 million tokens…
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Can Cardano’s July hard fork prevent ADA price from plunging 60%?

ADA’s price is above a key technical support level in the days leading up to the major Cardano upgrade. Cardano (ADA) has started painting a bearish continuation pattern on its longer-timeframe charts, raising its likelihood of undergoing a major price crash by August. ADA price in danger of a 60% plunge Dubbed the “bear pennant,”…
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