The Cardano (ADA) price is down 46% since its yearly high and is currently facing a make-or-break price level for a bullish reversal. Here’s what you need to know: Cardano Price Analysis: Daily Chart The daily ADA/USD chart is currently charting a path within a descending channel, which has defined the bearish trend since the…
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The price of Cardano (ADA) has experienced a decline in recent weeks. Following a peak at a 23-month high at $0.808 on March 11, the price of ADA has fallen by over 28%, and it is now hovering just below the $0.60 level. Notably, Cardano has underperformed compared to its competitors, slipping to the 10th…
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Cardano (ADA) has notably trailed behind that of its contemporaries in the ongoing crypto bull run. While Bitcoin has surged to record new all-time highs, alongside a suite of other altcoins, ADA remains approximately 77% beneath its peak historical value. However, emerging technical patterns and market dynamics suggest that this trend could be poised for…
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In a post on X (formerly Twitter), acclaimed crypto trader Gert van Lagen has pinpointed Cardano (ADA) as the potential frontrunner of the ongoing bull market. His analysis leans heavily on Cardano’s foundational strengths compared to its rivals, Ethereum (ETH) and Solana (SOL). Why Cardano Is Van Lagen’s Top Pick Central to van Lagen’s argument…
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Source: Dall•E 3 The Cardano price has dipped by 1% in the past 24 hours, following the altcoin’s strong recovery from a seven-day low of $0.551437 on Monday. ADA has risen by 7% compared to this low, while the token is up by 4% in a week and by 48% in the last 30 days,…
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The Cardano price has jumped by 6.5% in the past 24 hours, rising to $0.398991 after Charles Hoskinson publicly reached out to OpenAI founder Sam Altman about a possible partnership. ADA is now up by 14.5% in the past fortnight and by 56% in the last 30 days, with the altcoin also having gained by…
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According to crypto analyst Ali Martinez, Cardano (ADA) is exhibiting a price consolidation pattern that is highly bullish. Drawing parallels to the consolidation phase of 2018-2020, Martinez points out that ADA’s current trend is a mirror image, albeit without the disastrous COVID-19 crash. “Cardano’s current consolidation trend eerily mirrors the 2018-2020 phase without the COVID-19…
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Cardano (ADA) has been stuck in an accumulation zone for a couple of months now and has not seen the kind of run-up other large cryptocurrencies have experienced. This continued accumulation as well as trading in a very tight range could mean a very significant breakout when it finally happens and one crypto analyst has…
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ADA, the primary token of the Cardano ecosystem, maintains a positive trajectory, surpassing Dogecoin (DOGE) to become the world’s seventh-largest cryptocurrency.This positive development comes despite Dogecoin’s 30% surge on Tuesday when Twitter users discovered their home button icon had changed from the blue bird to a dog meme. With a market capitalization of $14 billion,…
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Investors in the crypto market are displaying renewed bullishness in the wake of the US government stepping in to help Silicon Valley Bank depositors. The total crypto market capitalization has climbed back above $1.1 trillion as investors capitalized on the fresh bullish momentum. This bullish trend is expected to continue throughout the week as investors…
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