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Cardano

ADAUSDT Price AnalysisPrice of Cardano has moved by more than 50% since Jan 2023. $0.4234 is currently acting as resistance. If price rejects this level we might see it moving down to its support level of $0.3293. On a daily timeframe, we see price is above 21 & 50 EMA and RSI > 50 which shows bullish momentum in the price. If the bullish momentum continues and price breaks above $0.4234 level, we might see price moving to its next resistance level of $0.5237. Note: Studies are for educational purposes only. We will not be responsible for any of your Profits & Losses. Please trade with a proper risk management strategy to avoid huge capital loss.
Long
by teakfinance
My price for ADA in April: 0.526My price for ADA in April: 0.526 The ADA is still at 5, and its next resistance is at 0.4106, now with the week's volatility due to the payroll, it could go to its support at 0.3799, which is the median of the Bollinger bands. Prognosis is good, as a very important news and which may increase interest in ADA is that EVM (Ethereum Virtual Machine) will be added to Cardano and it will become the largest EVM chain with fully operational staking rewards. Using Solidity's programming language, no new toolkit is required for Ethereum application developers to build on the Cardano blockchain. This is a positive element of development that can only increase interest in Cardano coins. SUPPORTS AND RESISTANCES IN 1H: Brackets: 0.3879 / 0.3788 Resistances: 0.4025 / 0.4100 RSI: Exhaustion of Buyer Forces
by ferulianov
Cardano (ADA) on a Hot StreakCardano (ADA) is on a bit of a hot streak lately, with the price currently sitting at $0.3970, a gain of 3.70% in the past 24 hours. The asset's Relative Strength Index (RSI) is also showing that it's in overbought territory, at a level of 61. Looking at some other indicators, the Fibonacci retracement levels on the 4-hour timeframe are worth keeping an eye on. The 0.5 Fibonacci level is at 0.3729, while the 1 Fibonacci level is at 0.3366. These levels could provide some support if the price dips lower. Meanwhile, the Bollinger Bands are showing that the asset is currently trading within a sideways range. The upper band is at 0.4064, the lower band is at 0.3747, and the middle band is at 0.3905. This means that the price could potentially break out in either direction soon. Volume is showing moderate trading activity, with the volume oscillator currently at 20%. The Moving Average Convergence Divergence (MACD) indicator is bullish, at a level of 0.0026. And the Stochastic oscillator is indicating that the asset is in overbought territory, at a level of 79. Taking a step back and looking at the bigger picture, recent news reports have stated that the Cardano project has seen a 70% increase in Q1 of 2023, according to the project's founder. This news could potentially impact the asset's future price movements. Overall, it seems like Cardano is currently in a bullish trend, but there are a few potential areas of caution to keep in mind. With the RSI and Stochastic oscillator both indicating overbought conditions, there could be a price correction in the near future. And while the Bollinger Bands suggest a potential breakout soon, it's hard to say which direction the asset will head. The recent positive news about the project's growth, however, could have a positive impact on the asset's long-term prospects.
by MonoCoinSignal
3
Cardano: searching path to $0.40Cardano is a network with so much potential and so little market support. But its struggle to sustain its market position is certainly something for respect. During the previous week, the price of ADA was supported by the announcement of Cardano`s EVM company Milkomeda of forthcoming network`s upgrade, by which, all users of the Cardano network will be able to access smart contracts on Ethereum virtual Machine, through ADA wallets. This is a significant improvement, which pushed the price of ADA again toward the $0.40 resistance line, from $0.35 support line. However, there has not been enough buying orders to push the price above the resistance level, so the price of ADA is finishing the week with prevailing selling orders around $0.39 level. RSI continues to move above level of 50, which means that the market is still eyeing the overbought side. This might support the price of ADA further. Moving averages of 50 and 200 days are still in the gray zone, without a clear sign whether the Golden cross is coming or not. The positive sentiment around ADA and the upgrade of Cardano's network still holds. This is positive for the coin, regardless of the negative impact on the price coming from generally higher market uncertainty. As per current charts, it might be expected for the price of the coin to revert a bit to the downside, at least to the level of $0.35 support line. On the opposite side, there is equal probability for $0.40 resistance to be tested for one more time.
COINBASE:ADAUSD
by XBTFX
SHOULD I INVEST IN CARDANO 2023?The answer in short = Yes! On December 2021. It happened. ADA up-trended from $0.1263 to $2.47 in just 20 weeks. There was bag holders (Strong Resistance), they decided to sell their primary bags in just 1 week. ADA dumped to $1.010 on 17 May 2021 and again to $1 on 21 Jun 2021. ADA investors filled their bags at $1.02 on 19 July 2021 to get ready for the last pump trip at $3.1010 in just 7 weeks, then bleeding or as it calls (Panic Sellers). ADA down-trended slowly to $0.4019 in 36 weeks, there wasn't strong support at $1.3 or $0.8 levels. What can you do as mid-term and long-term investor? As long as ADA below $0.8, you can fill your bag at this level and living with a peaceful mind. As pro trader, you are free to handle and get some profit from now to $0.8 at your own risk. According to weekly chart: If ADA does cross up $0.8 level, we will see $1.18 and $1.27 levels again. If ADA doesn't break up $0.8 level in next weeks, we will see $0.22 level. DECIDE AND TRY TO MANAGE YOUR WALLET WITHOUT LOSING. HAPPY TRADING ;)
by b4sk
✴️ The Same 5-Steps Pattern | Cardano Resumes GrowingThis is the same pattern all the Altcoins are showing and we already know that the market is interrelated. What one does, the rest follows. I will keep it simple. | Cardano (ADAUSDT) #1 | A low was hit in December 2022, the reversal starts this date. #2 | The bullish breakout happens in January 2023 and peaks February. #3 | A correction starts and ends mid-March. #4 | Resumption of the bullish move. Higher low leads to higher high. #5 | Fib. extension target calls for $0.59. The next target would be the end of Wave 3 based on EW, meaning that we still have Wave 5 of this bullish impulse. Wave 4 is another correction and Wave 5 the final high before the correction for the entire impulse. The last wave is the speculative wave and when the fireworks should happen. Namaste.
Long
by AlanSantana
4
Cardano RESISTANCE BROKEN! Cardano cannot be left behind when an ALTSZN comes. Cardano has one of the biggest ecosystems and it only keeps on growing which is a very important key factor to knowing which alts will go up the most. "Never underestimate communities" Even XRP,DOGE, SHIBA which people normally tend to throw hate all the time but they hold bigger communities than 99% of the cryptos out there. A remarkable thing we have seen inside Cardanos ecosystem has been some of those projects take off, for example AGIX. AGIX is part of Cardanos ecosystem and has been making a big buzz as its part of the AI . In my opinion, Cardano surely grabbed a diamond right there when they partnered with AGIX. AN IMPORTANT RESISTANCE HAS BEEN BROKEN which still cannot assure us of anything in the short term but in the long term it assures us the project will always remain there. Cardano is a blockchain platform that has been making significant progress in the field of decentralized finance (DeFi), offering a range of innovative features and benefits that set it apart from other blockchain platforms. One of the most significant positive aspects of Cardano is its highly secure and scalable architecture. Cardano's architecture is based on a unique consensus mechanism called Ouroboros, which uses mathematical algorithms to ensure that transactions are processed in a highly secure and efficient manner. This makes Cardano a much more secure and scalable platform compared to other blockchain networks. Another positive aspect of Cardano is its focus on sustainability and environmental friendliness. Cardano is designed to be energy-efficient and environmentally sustainable, which means that it consumes significantly less energy compared to other blockchain platforms. This is a crucial factor in the world of cryptocurrencies, as the energy consumption required for traditional blockchain networks can be unsustainable and detrimental to the environment. In addition to its technical advantages, Cardano has also been making significant strides in the world of DeFi. Cardano's platform allows for a wide range of decentralized applications (dApps) to be built on top of it, making it an attractive option for developers and entrepreneurs looking to create innovative solutions in the DeFi space. Overall, Cardano has been making significant progress in the field of blockchain and DeFi, offering a range of innovative features and benefits that set it apart from other blockchain platforms. Its highly secure and scalable architecture, focus on sustainability, and ability to support a wide range of dApps make it an attractive option for anyone looking to explore the world of cryptocurrencies and decentralized finance.
Long
by CryptoGao1
Cardano - Going EVM to expand aggressively ‘Cardano Will Be a Top EVM Chain Next Month’ Cardano users are soon expected to be able to access Ethereum Virtual Machine (EVM) contracts straight from their Cardano (ADA) wallets, increasing the network’s value for users and developers. An Ethereum Virtual Machine (EVM) is a runtime environment for executing smart contracts on the Ethereum blockchain. It functions as a decentralized virtual computer that developers can use to create decentralized applications (dApps) and deploy smart contracts. The EVM ensures the security and isolation of smart contracts from the broader Ethereum network while enabling the execution of contract code. EVM is designed to be both blockchain-agnostic and language-agnostic, meaning that it can potentially be implemented on other blockchains, and developers can use various programming languages to write smart contracts. However, Solidity is the most widely used language for coding Ethereum smart contracts. , the new feature will support transactions using pure ADA and will expand Cardano’s user base, elevating its status among EVM chains. Furthermore, Cardano is set to become the largest EVM chain with fully operational staking rewards. developers who build on Cardano’s EVM layer can look forward to automatic payments every five days. The new feature will permit Ethereum application developers to build on the Cardano network using Solidity, the programming language employed for coding Ethereum, without installing new toolkits or learning a different language. Consequently, these applications can exclusively use $ADA tokens rather than $ETH, enhancing utility for $ADA token holders. Looks like a good move from ADA as it can potentially canibalize some of Ethereum's pie. One Love, The FXPROFESSOR PS. The chart offers you are key levels of S/R: 0.3795 is support 0.469 and 0.519 are targets we see in the very near future.
Long
by FX_Professor
1
ADA (Cardano) holders, time to take profit !#ADA /USD TA Update: $ADA currently trading at $0.3919 According to Coinlion Trend Trader Indicator, we got en Entry Point Long Alert for ADA at $0.3722 (03/23) We have potentially a Profit Point coming at the end of the day (5,5% Profit). There is a resistance at the 200EMA at $0.3975. The same which has rejected ADA many times before But we have broken the descending channel. Cardano can test again the channel which should be a support now aligned with the 200SMA and 50SMA around 0.357 if ADA holds, we could see a massive gain (183%). What do you think ? Please click LIKE button and Appreciate my work. Coinlion Trend Trader indicator tells me - When to enter short or long - When to exit and take profit :-) If you want it or my SL indicator or My Liquidity Support and Resistance Indicator, let me know. Thank you.
BITFINEX:ADAUSDLong
by Coinlion_TT
ArmanShabanTrading |🟢 BITCOIN : CPI's effect on $BTCAs you can see, the price has entered the support level that was mentioned in last week's TA and has already shown a positive reaction, we have to see with the announcement of the CPI today whether the price will manage to maintain this IS or not, other assumptions of the previous analysis It is still valid! (Current support level: $20,400 to $21,680) ! Resistances or Bullish targets, respectively : $22620, $23500, $24260, $25260 ! The Last TA : Follow me for more analysis & Feel free to ask any questions you have, I'm here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 02.14.2023 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Long
by ArmanShabanTrading
59
CARDANO - The Great Awakening ?ADA Is Attracting Whale Interest as mentioned in my last post: Cardano (ADA) has courted considerable media attention in recent weeks. The Djed stablecoin launch and a spike in total value locked (TVL) on the native DeFi smart contract platforms appears to have reignited a price rebound. Among other bullish factors, Cardano has recently attracted a wave of buy pressure from whale investors. After a February sell-off, a cluster of whales holding 1 million to 100 million coins has entered accumulation mode. According to Santiment, between March 16 and March 29, this strategic group of whales increased their ADA holdings by 210 million coins worth $80 million. When whales start buying, it implies that large investors are growing increasingly confident about the future price prospects of the token. Also, they can potentially influence other investors to enter the market, ultimately triggering a price upswing. Considering the 1 million to 100 million ADA whale cluster’s history of timing recent price downtrends accurately, ADA holders can expect a price surge in the coming weeks. In the same vein, the recent uptrend in the number of Caradano long-term addresses confirms the bullish stance. According to IntoTheBlock, the number of long-term holders has increased considerably since early February. And notably, the number of short-term traders has also declined. As seen below, the number of Cardano wallets that have held their tokens for more than 1 year has increased from 1.97 million on Feb 5 to 2.23 million addresses as of March 29. In other words: this could be the Great Awakening for ADA. Technically speaking we do have a bunch of resistances at 0.393$ and 0.410$ but 52 cents could be soon. Given that the markets helps. One Love, The FXPROFESSOR
Long
by FX_Professor
1
ADAUSDT Sleeping Giant: ADVANCE Next ⬆Hi Traders, Investors and Speculators of the Charts 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. In this quick analysis on Cardano, we take a look at: 👉 Bollinger Bands Strategy : What comes next? 👉 Technical Indicator Phoenix Ascending : Where is the short term momentum, bullish or bearish? 👉 Trendline analysis : Local support zone and resistance zones in yellow 👉 Market Cycles : 4 Phases 7 & Wyckoff Method 👉 What NOT to do now The reasoning behind labelling this post as a "long" , is because I don't believe in trying to catch the exact bottom. this very often leaves you positionless and forces traders to try and jump in whilst the price is going parabolic. With a little more patience, from here the price could easily do a +260%, which is a modest target. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
35
AGIX BUSD SHORT TERM SCENARIOHey guys! On my previous trade, we entered AGIX at around 0.029-0.32 and had two targets at resistance 1 and resistance 2 (numbered in chart). We reached resistance 2 which was our first initial target, long term I am bullish with AGIX and I believe we will break ATH and possibly $1+ but on the short term things are looking BEARISH . I have pointed the reasons why its looking bearish in the chart, I hope you guys can understand, if you have any questions feel free to ask me.
AShort
by CryptoGao1
Cardano (ADA): is $0.4 next?A positive sentiment on the crypto market continued for a second consecutive week, which also supported the price of ADA. The coin started the previous week around $0.33 level, and during the week was gradually building its road to the higher grounds, till the level of $0.38. For some reason, the $0.40 resistance line is still a hard task for ADA at current turbulent times on financial markets. But, on the other hand, the increase in price shows that investors still have confidence in this coin. During the week the RSI crossed the 50 line and moved to the highest level at 57. This could be treated as a positive signal, considering that the investors are still more oriented toward the upside, and overbought market side. Moving averages of 50 and 200 days for the last three weeks are moving side by side as one line, which is quite rarely seen on the charts. It is currently quite hard to say if the cross will occur or not. ADA is gradually building its higher grounds, but still missing the $0.40 resistance line. If markets continue with a positive mood, this might be a target of ADA for the week ahead. On the opposite side, the coin could also modestly revert to $0.35 support, to test it for one more time.
COINBASE:ADAUSD
by XBTFX
Cardano (ADAUSDT) and its Potential RecoveryCardano (ADA) is a decentralized public blockchain and cryptocurrency project, built on a proof-of-stake consensus algorithm called Ouroboros. Since its all-time high of around $3 in 2021, ADA has experienced a significant downtrend, reaching lows of about 24 cents. The combination of a declining asset and declining Bitcoin (BTC) creates an ideal environment for a potential reversal. I will examine the possibilities of a Cardano recovery within the next few weeks, using technical analysis tools such as support and resistance levels, Fibonacci retracements, and Elliott Wave Theory. Key Levels and Fibonacci Retracement Analyzing historical price data reveals key support and resistance levels that can provide insights into Cardano's potential price movements. The 23.6% and 38.2% Fibonacci retracement levels are noteworthy in this context. While the $1.16 level is a significant resistance point, it is unlikely to be reached this year. The current target for an exit point in Cardano is around 60 cents. Although reaching the $1 mark is possible within 2023, it is more likely to occur towards the end of the year, if at all. It is essential to evaluate the market one day at a time and keep a close eye on Bitcoin dominance. If Bitcoin dominance drops significantly, this could create the perfect storm for altcoins like Cardano. Bitcoin Dominance Support The support level for Bitcoin dominance currently stands at around 40%. If Bitcoin dominance begins to fall to this level or break below, it could signal an opportune moment to stay invested in altcoins such as Cardano, and potentially delay selling until Bitcoin dominance finds support again. This shift in dominance could lead to substantial gains for Cardano and other altcoins. Elliott Wave Theory Perspective From an Elliott Wave Theory standpoint, Cardano's price movement appears to be corrective so far. To confirm an ongoing bullish wave 3, ADA would require a significant push to the upside. Traders and investors should continue to monitor the market's behavior, especially around key dates such as the full moon on April 6th, which could potentially impact market sentiment and price action. The Elliott Wave Theory also offers valuable insights into the potential for a bullish reversal, but it remains crucial to monitor the market and adapt strategies accordingly.
Long
by bitdoctor
4
🔥THE MOST INTERESTING AREA TO OPEN A LONG: 3 POSSIBLE TARGETS🔥Hi, friends! Cardano returns inside the value area. We need the breakout and test the $0.37-0.38 value area as the support to continue the growth. 📊 MY TRADING PLANS FOR ADA: 🔥pullback to $0.32-0.33 value area 🔥volume growth which confirms the bottom for us 🔥bullish BTC 🚩 If ADA will hold the $0.37-0.38 value area, the price will go straight to local highs. This is a second possible scenario. ✅ MY TARGETS FOR ADA: 1. $0.37-0.38 - the value area 2.$0.42 - the local high and key level 3.$0.52 - the key level 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade
by Yuriy_Bishko
7