Cardano Price Pulls Back to Gain Momentum for Bullish Movement

Cardano Price Pulls Back to Gain Momentum for Bullish Movement

ADA Price Analysis – July 27

In case the buyers increase their momentum to push price above $1.31 holds, the resistance levels of $1.46, and $1.64 may be tested. When the resistance level of $1.31 holds, the support levels of $1.11, $0.98 and $0.83 may be targeted.

ADA/USD Market

Key Levels:

Resistance levels: $1.31, $1.46, $1.64

Support levels: $1.11, $0.98, $0.83

ADA/USD Long-term Trend: Bullish

Cardano is bullish on daily chart. The struggling between the Buyers and sellers may be halted as the support level of $1.11 rejects further price decrease. The sellers struggled to push the price to the low of $1.11 level last week; that is the second time the price will be testing the mentioned level. The bulls defend the support level with the formation of bullish engulfing candle, this increases the price towards the resistance level of $1.31.

ADAUSD Daily chart, July 27

Cardano experienced a partial breakout at $1.31 on 26 July and it tested the resistance level of $1.46 level. It has crossed the two EMAs upside before it pulled back. It currently trading slightly above the 9 periods EMA and 21 periods EMA to establish a bullish trend. In case the buyers increase their momentum to push price above $1.31 holds, the resistance levels of $1.46, and $1.64 may be tested. When the resistance level of $1.31 holds, the support levels of $1.11, $0.98 and $0.83 may be targeted. The relative Strength Index period 14 is at 50 levels with the signal line pointing upside which indicates buy signal.

ADA/USD Medium-term Trend: Bullish

Cardano is on the bullish movement on 4-hour chart. The coin pulls back after broken up $1.31 resistance level. The bearish movement could not continue when the sellers pushed down Cardano to test the support level at $1.11 second time. The bulls reacted against the price decrease with the formation of bullish engulfing candle. The price started increasing and the resistance level of $1.31 is penetrated. Further price increase envisaged after the current pullback.

ADAUSD 4 hour chart, July 27

The price is trading below the 9 periods EMA and 21 periods EMA as a pullback sign. The relative strength index period 14 is at 45 levels and the signal line pointing up to indicate buy signal.

You can purchase crypto coins here.  Buy Tokens

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Azeez Mustapha

Avatar

Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.

Cardano Price: Will There Be a bullish Price Reversal at $0.98?

Cardano Price: Will There Be a bullish Price Reversal at $0.98?

ADA Price Analysis – July 20

When the sellers increase their pressure, the support level of $0.98 will be penetrated and the support levels of $0.83 and $0.73 may be tested. Inability to break down the $0.98 by the bears may lead to an increase in price to resistance levels at $1.11, $1.31 and $1.46.

ADA/USD Market

Key Levels:

Resistance levels: $1.11, $1.31, $1.46

Support levels: $0.98, $0.83, $0.73

ADA/USD Long-term Trend: Bearish

Cardano is bearish on daily chart. The bears refuses to let Cardano go. In other words sellers are in control of the Cardano market. The bearish momentum started a couple of weeks ago at the resistance level of $1.46. The bearish momentum decreases the price to $1.11 price level. The declination continues with the formation of more bearish candles which indicate the sellers’ pressure. Cardano price is testing $0.98 after penetrated the former support level of $1.11.

ADAUSD Daily chart, July 20

Cardano is trading below the 9 periods EMA and 21 periods EMA after broken down the dynamic support levels. When the sellers increase their pressure, the support level of $0.98 will be penetrated and the support levels of $0.83 and $0.73 may be tested. Inability to break down the $0.98 by the bears may lead to an increase in price to resistance levels at $1.11, $1.31 and $1.46. The technical indicator relative Strength Index period 14 is at 30 levels with the signal line pointing downside which indicates further price reduction.

ADA/USD Medium-term Trend: Bearish

Cardano is on the bearish movement on 4-hour chart. Cardano started a bearish movement last three weeks. The bears intensifies their momentum and the price follows the bearish command. The former support level of $1.31 has turned to resistance.  The bearish momentum pushes the price down to the support level at $0.98.

ADAUSD 4 hour chart, July 20

The price is trading below the 9 periods EMA and 21 periods EMA while the two EMAs are separated from each other. The relative strength index period 14 is at 20 levels and the signal line pointing down to indicate sell.

You can purchase crypto coins here.  Buy Tokens

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Azeez Mustapha

Avatar

Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.

Cardano Network Welcomes Alonzo Testnet Upgrade

Cardano Network Welcomes Alonzo Testnet Upgrade

The long-awaited Alonzo testnet (termed Alonzo White) went through on the Cardano (ADA) network on Wednesday. IOHK, Cardano’s host company, announced via Twitter yesterday. The announcement noted that:

“We’ll monitor the new network closely over the next 24 hours while continuing to do further QA work on the node tonight. We’ll then review any feedback/results tomorrow and start addressing any required fixes. We expect several updates as we add features to Alonzo White.”

Analysts assume that everything is running smoothly, considering that there have been no additional updates or information since the initial release.

Meanwhile, the Cardano team previously announced the rollout strategy for Alonzo. The rollout, which came in phases, consisted of a color-coded series of testnets; Alonzo Blue to Alonzo Black.

The first phase of the rollout, Alonzo Blue, occurred at the end of May. Alonzo White is the second phase, which commenced on Wednesday with a successful hard fork. The next in line for rollout is Alonzo Purple.

Speculations draw that the Alonzo Purple rollout could occur in August. This upgrade will launch the network into the Goguen era.

Emurgo, a founding entity of the Cardano protocol, asserted that the Alonzo upgrade brings several benefits to the ecosystem, including Smart Contract compatibility integration.

Key Cardano Levels to Watch — July 16

ADA has come under intense bearish pressure in the early hours of Friday, as the cryptocurrency market remains under the control of bears. The fifth-largest cryptocurrency currently trades below the critical $1.2 pivot line, bringing the $1.15 support into view.

ADAUSD – 4-Hour Chart

The cryptocurrency needs to climb back into the $1.2 – $1.4 pivot area over the coming hours or risk falling below the $1.15 support.

Nonetheless, the current market bias is overwhelmingly bearish at the moment, making subsequent declines in the short-term very likely.

Meanwhile, our resistance levels are $1.2000, $1.3000, and $1.4000, and our support levels are $1.1500, $1.1300, and $1.1100.

Total Market Capitalization: $1.28 trillion

Cardano Market Capitalization: $37.6 billion

Cardano Dominance: 2.95%

Market Rank: #5

 

You can purchase crypto coins here: Buy Tokens

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Azeez Mustapha

Avatar

Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.

Cardano Price Exposes to $1.11 Support Level

Cardano Price Exposes to $1.11 Support Level

ADA Price Analysis – July 13

When the sellers increase their momentum to push down price to $1.11, the support level of $0.98 and $0.83 may be tested. In case the Support level of $1.11 holds, the buyers may push up the price towards $1.31, $1.46 and $1.64 levels.

ADA/USD Market

Key Levels:

Resistance levels: $1.31, $1.46, $1.64

Support levels: $1.11, $0.98, $0.83

ADA/USD Long-term Trend: Bearish

Cardano is bearish on daily chart. Buyers and sellers are struggling over the crypto. The sellers are trying to overpower the buyers. Former support level of $1.31 has been penetrated downside by the sellers and the price exposes to $1.11 support level. There is tendency for the price to decline further if the sellers maintain their pressure.

ADAUSD daily chart, July 13

Cardano has crossed the two EMAs downside, currently trading below the 9 periods EMA and 21 periods EMA to establish a bearish trend. When the sellers increase their momentum to push down price to $1.11, the support level of $0.98 and $0.83 may be tested. In case the Support level of $1.11 holds, the buyers may push up the price towards $1.31, $1.46 and $1.64 levels. The relative Strength Index period 14 is at 40 levels with the signal line pointing downside which indicates sell signal.

ADA/USD Medium-term Trend: Bearish

Cardano is on the bearish movement on 4-hour chart. The bullish movement could not continue when the buyers pushed up Cardano to test the resistance level at $1.46. The bears reacted against the price increase with the formation of bearish engulfing candle. The price started decreasing and the support level of $1.31 is broken downside. Further price decrease envisaged as the price is below the two dynamic resistance levels.

ADAUSD 4 hour chart, July 13

The price is trading below the 9 periods EMA and 21 periods EMA. The relative strength index period 14 is at 35 levels and the signal line pointing down to indicate sell signal.

You can purchase crypto coins here.  Buy Tokens

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Azeez Mustapha

Avatar

Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.

Cardano to Onboard At Least 50 banks and 10 Fortune 500 Firms by 2026

Cardano to Onboard At Least 50 banks and 10 Fortune 500 Firms by 2026

Cardano has announced that some of its shorter-term goals include onboarding about 50 banks to use its native cryptocurrency (ADA). The CEO of the Cardano Foundation, Frederik Gregaard, revealed that three Fortune 500 companies could begin to use the token within the next three years and that this number could increase to ten by 2026.

Gregaard commented on the matter at an online presentation, where he highlighted the importance of large organizations adopting the native digital asset.

If the Foundation succeeds with this plan, ADA holders will have the option of converting their tokens into an assortment of fiat currencies or other coins via the Cardano blockchain.

That said, the plan for the next few years includes bolstering the on-chain activity of users and the number of active wallets to diminish the need for people to contract third parties to interact with blockchain projects on their behalf.

Cardano plans to Onboard 10 Fortune 500 Companies by 2026

Additionally, the Cardano Foundation plans to onboard about three large Fortune 500 companies into its ecosystem. Gregaard noted that in addition to introducing the institutions to the multiple benefits of blockchain, the Foundation also wants them to adopt and use ADA.

The Foundation revealed that in the next five years, it expects the entire blockchain to be self-sustained and operated by the community. Coincidentally, the actualization of this projected ecosystem operational level falls within the same period with the arrival of the Voltaire era. At that point, the Cardano blockchain expects to host over one billion users. This massive user base will help Cardano service at least an entire nation.

Meanwhile, the Foundation noted that the number of Fortune 500 companies holding and using ADA should have increased to about ten by 2026.

To fulfill this plan, the Foundation has initiated a two-tier plan that involves improving the demand for the blockchain and the coin while providing an “excellent and decentralized” product.

 

You can purchase crypto coins here: Buy Tokens

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Azeez Mustapha

Avatar

Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.

Cardano Price Surrenders to Bulls’ Pressure

Cardano Price Surrenders to Bulls’ Pressure

ADA Price Analysis – July 06

When the buyers increase their momentum to break up the $1.46 level, the resistance levels of $1.64 and $1.87 may be tested. Inability to break up the $1.46 by the bulls may lead to a decrease in price to support levels at $1.11, $0.98 and $0.83.

ADA/USD Market

Key Levels:

Resistance levels: $1.46, $1.64, $1.87

Support levels: $1.11, $0.98, $0.83

ADA/USD Long-term Trend: Bullish

Cardano is bullish on daily chart. Buyers are gradually dominating the Cardano market. Sellers pushed the coin to the low of $0.98. The daily candle formed at the mentioned level resulted to pin bar candle pattern; this is a sign of bullish reversal. The price increases from the level and cross $1.31 level upside. Cardano is trying to penetrate the resistance level of $1.46 upside at the moment.

ADAUSD daily chart, July 06

Cardano has crossed the two EMAs upside, currently trading above the 9 periods EMA and 21 periods EMA to establish a bullish trend. When the buyers increase their momentum to break up the $1.46 level, the resistance levels of $1.64 and $1.87 may be tested. Inability to break up the $1.46 by the bulls may lead to a decrease in price to support levels at $1.11, $0.98 and $0.83. The relative Strength Index period 14 is above 50 levels with the signal line pointing upside which indicates buy signal.

ADA/USD Medium-term Trend: Bullish

Cardano is on the bullish movement on 4-hour chart. The bearish movement could not continue when the sellers pushed down Cardano to test the support level at $0.98. The bulls reacted against the price decrease with the formation of bullish engulfing candle. The price started increasing and the resistance level of $1.31 is broken upside. Further price increase envisaged as the price is above the two dynamic resistance levels.

ADAUSD 4 hour chart, July 05

The price is trading above the 9 periods EMA and 21 periods EMA. The relative strength index period 14 is at 60 levels and the signal line pointing up to indicate buy signal.

You can purchase crypto coins here.  Buy Tokens

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Azeez Mustapha

Avatar

Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.

Cardano Records $30 Billion in Staked Value Ahead of Mainnet Launch

Cardano Records $30 Billion in Staked Value Ahead of Mainnet Launch

At press time, over $30 billion worth of Cardano (ADA) has gotten staked to the network ahead of the milestone transition in the network. With this, one could predict that the network is in the process of laying the groundwork for broader network adoption and more price appreciation for the cryptocurrency.

Cardano staking allows users to earn passive income in ADA without the usual hassle of locking up one’s assets for a certain period, as is prevalent with other staking platforms.

According to PoolTool, a Cardano-based staking statistics platform, a whopping 71.7% of the total circulating supply of ADA (worth roughly $31 billion) has gotten staked across 2,665 active pools.

This amount of staked coins has earned Cardano the number one spot in terms of staked value. Ethereum holds the second spot with a distant $12.2 billion in staked value. Other runner-ups in the top five listings include Solana, Polkadot, and Aldorand.

That said, investors are increasingly bullish on ADA as they anticipate full Smart Contract implementation later this year. This upgrade should put Cardano in competition with crypto giants like Ethereum, Solana, and Chainlink.

Input-Output Hong Kong (IOHK), the host company of Cardano, launched the Alonzo test net in May, which opened the network up for the highly lucrative Smart Contract compatibility. This feature should get fully unlocked with Cardano’s mainnet launch in August.

Key Cardano Levels to Watch — July 2

As the broader market adopts a bearish bias, Cardano has entered consolidation mode between $1.4000 and $1.3000. However, the fifth-largest cryptocurrency is simultaneously trading within a bullish wedge.

ADAUSD – 4-Hour Chart

That said, we expect a resumption of a bullish momentum over the coming hours as we enter the weekend. The immediate bullish target is the $1.4000 critical resistance. However, a break below the $1.3000 support could foment a correction to the $1.2000 level.

Meanwhile, our resistance levels are $1.4000, $1.4450, and $1.5000, and our support levels are $1.3000, $1.2000, and $1.1000.

Total Market Capitalization: $1.33 trillion

Cardano Market Capitalization: $41.6 billion

Cardano Dominance: 3%

Market Rank: #5

 

You can purchase crypto coins here: Buy Tokens

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Azeez Mustapha

Avatar

Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.

Cardano Price Bounces Up at $0.98 Level, Targeting $1.46

Cardano Price Bounces Up at $0.98 Level, Targeting $1.46

ADA Price Analysis – June 29

Should the buyers increase their momentum, the resistance level of $1.46 will be penetrated and the resistance levels of $1.64 and $1.87 may be tested. Inability to break up the $1.46 by the bulls may lead to a decrease in price to support levels at $1.11, $0.98 and $0.83.

ADA/USD Market

Key Levels:

Resistance levels: $1.46, $1.64, $1.87

Support levels: $1.11, $0.98, $0.83

ADA/USD Long-term Trend: Bullish

Cardano is bullish on daily chart. The sellers were in control of the Cardano market past two weeks. The bearish momentum has pushed the coin to find support at $0.98 price level. The price action has formed a morning star chart pattern at just mentioned support levels. The bullish momentum has been triggered and the price is increasing towards $1.46 resistance level.

Cardano daily chart, June 29

Cardano is trying to cross the two EMAs upside but currently trading between the 9 periods EMA and 21 periods EMA to establish a bullish trend. Should the buyers increase their momentum, the resistance level of $1.46 will be penetrated and the resistance levels of $1.64 and $1.87 may be tested. Inability to break up the $1.46 by the bulls may lead to a decrease in price to support levels at $1.11, $0.98 and $0.83. The technical indicator relative Strength Index period 14 is at 50 levels with the signal line pointing upside which indicates further price increase.

ADA/USD Medium-term Trend: Bearish

Cardano is on the bullish movement on 4-hour chart. The bears push down Cardano to test the support level at $0.98. The bulls reacted against the price decrease with the formation of bullish engulfing candle. The price started increasing and the resistance level of $1.31 is broken upside. Further price increase envisaged as the price is above $1.31 level.

Cardano 4 hours chart, June 29

The price is trading above the 9 periods EMA and 21 periods EMA while the two EMAs are separating from each other. The relative strength index period 14 is at 60 levels and the signal line pointing up to indicate buy signal.

You can purchase crypto coins here.  Buy Tokens

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Azeez Mustapha

Avatar

Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.

Cardano Price: Will There Be a Price Reversal at $0.98?

Cardano Price: Will There Be a Price Reversal at $0.98?

ADA Price Analysis – June 22

When the sellers increase their pressure, the support level of $0.98 will be penetrated and the support levels of $0.83 and $0.73 may be tested. Inability to break down the $0.98 by the bears may lead to an increase in price to resistance levels at $1.11, $1.31 and $1.46.

ADA/USD Market

Key Levels:

Resistance levels: $1.11, $1.31, $1.46

Support levels: $0.98, $0.83, $0.73

ADA/USD Long-term Trend: Bearish

Cardano is bullish on daily chart. The bears refuses to let Cardano go. In other words sellers are in control of the Cardano market. The bearish momentum started a couple of weeks ago at the resistance level of $1.87. The bearish momentum decreases the price to $1.11 price level. The declination continues with the formation of more bearish candles which indicate the sellers’ pressure. Cardano price is testing $0.98 after penetrated the former support level of $1.11.

ADAUSD Daily chart, June 22

Cardano is trading below the 9 periods EMA and 21 periods EMA after broken down the dynamic support levels. When the sellers increase their pressure, the support level of $0.98 will be penetrated and the support levels of $0.83 and $0.73 may be tested. Inability to break down the $0.98 by the bears may lead to an increase in price to resistance levels at $1.11, $1.31 and $1.46. The technical indicator relative Strength Index period 14 is at 30 levels with the signal line pointing downside which indicates further price reduction.

ADA/USD Medium-term Trend: Bearish

Cardano is on the bearish movement on 4-hour chart. Cardano started a bearish movement last week. The bears intensifies their momentum and the price follows the bearish command. The former support level of $1.31 has turned to resistance.  The bearish momentum pushes the price down to the support level at $0.98. At the moment, the level is currently defends by the bulls with the formation of strong bullish engulfing candle.

ADAUSD 4 hour chart, June 22

The price is trading below the 9 periods EMA and 21 periods EMA while the two EMAs are separated from each other. The relative strength index period 14 is above 20 levels and the signal line pointing up to indicate buy signal which may be a pullback.

You can purchase crypto coins here.  Buy Tokens

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Azeez Mustapha

Avatar

Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.

Cardano Price: Bulls Prevail Over Bears, Price Increase May Continue

Cardano Price: Bulls Prevail Over Bears, Price Increase May Continue

ADA Price Analysis – June 15

In case the buyers exert more pressure on the market, the resistance level of $1.64 may be penetrated and the resistance levels of $1.87 and $2.08 may be reached. Inability to break up the $1.64 by the bulls, it may lead to a decrease in price to support levels at $1.46, $1.31 and $1.11.

ADA/USD Market

Key Levels:

Resistance levels: $1.64, $1.87, $2.08

Support levels: $1.46, $1.31, $1.11

ADA/USD Long-term Trend: Bearish

Cardano is bearish on daily chart. The coin found support level at $1.31 by the bears’ pressure. The bulls rejected further price reduction with the formation of bullish doji candle. The price increases to break up the confluence at the resistance level of $1.64. The bulls may dominate the Cardano market, which may increase the price accordingly.

ADAUSD daily chart, June 15

Cardano is trying to break up the dynamic resistance levels and it is trading between the 9 periods EMA and 21 periods EMA. In case the buyers exert more pressure on the market, the resistance level of $1.64 may be penetrated and the resistance levels of $1.87 and $2.08 may be reached. Inability to break up the $1.64 by the bulls, it may lead to a decrease in price to support levels at $1.46, $1.31 and $1.11. The technical indicator relative Strength Index period 14 is at 50 levels with the signal line pointing upside which indicates a bullish signal.

ADA/USD Medium-term Trend: Bullish

Cardano is on the bullish movement on 4-hour chart. Last week, Cardano has shown a double bottom chart pattern at $1.31 on 4 hour chart. The price has broken up the resistance level of $1.46, the price is heading towards the resistance level at $1.64. The bulls may push up the price further.

ADAUSD 4-hour chart, June 15

The price is trading above the 9 periods EMA and 21 periods EMA while the two EMAs are separated from each other. The relative strength index period 14 is above 60 levels and the signal line pointing up to indicate buy signal.

You can purchase crypto coins here: Buy coins

 

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Author : Azeez Mustapha

Avatar

Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.