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Cardano’s Meteoric 140% Surge: What’s Driving ADA’s Ascent? Cardano ( CRYPTOCAP:ADA ) is on fire, surging 140% in just two weeks, hitting an 8-month high of $0.81. With whale activity, robust trading volume, and favorable U.S. crypto policies fueling its growth. Here’s a closer look at what’s driving this beast mode rally and what might be next for ADA. Key Drivers Behind ADA’s Rally 1. Increased Whale Activity Whale accumulation has surged, signaling strong confidence in ADA. Large-scale investors are scooping up tokens, creating upward pressure on prices. 2. Trading Volume Boom ADA’s daily trading volume crossed $3.17 billion, a staggering 99.6% increase within 24 hours. This reflects heightened market interest and liquidity, enabling price discovery. 3. Donald Trump’s Crypto Tax Reforms The former president’s proposed tax reforms are making waves, particularly for U.S.-based cryptocurrencies. While details remain speculative, the perceived crypto-friendly stance has reignited investor interest in blockchain projects like Cardano. Cardano’s Fundamental Growth The rally isn’t just about price action—Cardano’s underlying fundamentals are thriving: - Total Value Locked (TVL): ADA’s TVL has skyrocketed to $451 million, a 4x increase since September. This growth signals increased adoption of its DeFi ecosystem, including platforms like Minswap and SundaeSwap. - User Engagement: Daily users and transactions have grown 3–4x since Q3, highlighting Cardano’s utility as a decentralized network. - Tokenomics: Cardano’s circulating supply is fully matched by its total supply, reducing inflation risks and making it an attractive choice for institutional investors. Technical Analysis: On the technical front, Cardano is showing strong bullish signals: CRYPTOCAP:ADA has smashed through the resistance of a falling wedge pattern on its daily chart—a classic bullish continuation signal. This breakout paves the way for a potential run to $1 in the short term. With an RSI of 65, CRYPTOCAP:ADA remains in bullish territory but is not yet overbought. This suggests the rally could continue without immediate risk of a pullback. Institutional demand has been instrumental in driving ADA’s momentum. The recent spike in volume and price points to significant interest from large-scale buyers. Looking Ahead: Is $1 Just the Beginning? Cardano is now revisiting its March 2024 highs, and the road to $1 looks promising. Beyond that, analysts see a pathway to $5, fueled by: - Continued DeFi growth and ecosystem expansion. - A favorable regulatory environment under Trump’s proposed reforms. - Sustained whale activity and institutional inflows. Conclusion Cardano has been instrumental lately being a market leader in the evolving crypto landscape. With strong fundamentals, technical bullishness, and supportive market conditions, CRYPTOCAP:ADA is set to reclaim its place among top-performing cryptocurrencies. Stay tuned: Will ADA hit $1 next—or blast through to $5? One thing’s certain: Cardano isn’t slowing down anytime soon.
Long
by DEXWireNews
6
Analyzing Cardano's Resurgence Due To Whale ActivityCardano (ADA), the proof-of-stake blockchain platform, has been making significant strides in the cryptocurrency market, defying the broader market downturn and attracting the attention of large-scale investors. The recent surge in whale activity, characterized by transactions involving substantial amounts of ADA, has ignited optimism among the Cardano community. A Beacon of Stability in a Turbulent Market While many cryptocurrencies have struggled to maintain their value amidst market volatility, Cardano has emerged as a beacon of stability. This resilience can be attributed to several factors: • Strong Fundamental Value Proposition: Cardano's focus on sustainability, scalability, and security has solidified its position as a leading blockchain platform. Its unique proof-of-stake consensus mechanism, Ouroboros, offers energy-efficient and environmentally friendly transaction processing. • Active Development and Innovation: The Cardano team continues to actively develop and innovate on the platform. Recent advancements, such as the implementation of smart contract functionality through the Alonzo hard fork, have expanded Cardano's capabilities and attracted a growing developer community. • Strong Community Support: A dedicated and passionate community of supporters has been instrumental in driving Cardano's growth. This community actively participates in the network's development, governance, and promotion. Whale Activity: A Bullish Indicator The recent surge in whale activity on the Cardano network is a significant bullish indicator. Large-scale investors, often referred to as whales, are typically sophisticated market participants who make informed investment decisions. Their increased interest in Cardano suggests a strong belief in the platform's long-term potential. Whale activity can influence market sentiment and price trends in several ways: • Accumulation: Whales may be accumulating ADA in anticipation of future price appreciation. This increased demand can drive the price higher. • Market Manipulation: While less likely in a decentralized market like Cardano, large-scale transactions can potentially impact short-term price movements. • Signaling Confidence: Whale activity can signal confidence in the project's future, encouraging other investors to follow suit. The Road Ahead for Cardano As Cardano continues to evolve and mature, its potential for future growth remains significant. The platform's focus on sustainability, scalability, and security positions it well to address the challenges facing the broader blockchain industry. Additionally, the growing interest from institutional investors and the active development of the Cardano ecosystem further bolster its prospects. However, it's important to approach any investment with caution and conduct thorough research before making any decisions. The cryptocurrency market is highly volatile, and past performance is not indicative of future results. Key Takeaways: • Cardano's strong fundamentals, active development, and supportive community have contributed to its resilience in a turbulent market. • The recent surge in whale activity is a positive indicator of investor confidence in Cardano's long-term potential. • While the future of Cardano is promising, it's essential to approach investments with caution and consider the inherent risks associated with the cryptocurrency market. By staying informed about Cardano's progress and market trends, investors can make informed decisions and potentially benefit from the platform's future growth.
COINBASE:ADAUSDLong
by bryandowningqln
Cardano Founder A Potential Crypto Advisor to TrumpThe cryptocurrency world is buzzing with speculation about the potential appointment of Cardano founder Charles Hoskinson as a crypto advisor to the next US administration in 2025. This news has sparked excitement among ADA holders and crypto enthusiasts alike, with many wondering if this could trigger a significant bull run for the Cardano token (ADA). Hoskinson's Background and Vision Charles Hoskinson, a prominent figure in the crypto space, is known for his co-founding role in Ethereum and his subsequent creation of Cardano. He is a vocal advocate for blockchain technology and its potential to revolutionize various industries. Hoskinson's vision for Cardano is to create a sustainable and scalable blockchain platform that can support a wide range of decentralized applications (dApps). Potential Impact on Cardano (ADA) If Hoskinson were to become a crypto advisor to the next US administration, it could have a significant impact on the cryptocurrency market, particularly for Cardano. Here are some potential scenarios: • Increased Regulatory Clarity: Hoskinson's influence could lead to more favorable cryptocurrency regulations in the US. Clearer regulations would reduce uncertainty and attract more institutional investors to the market, potentially boosting the price of ADA. • Enhanced Adoption of Cardano: Hoskinson's position could help accelerate the adoption of Cardano's blockchain technology. Governments and businesses may be more inclined to explore the potential of Cardano for various use cases, such as supply chain management, voting systems, and financial services. This increased adoption could drive demand for ADA and push its price higher. • Positive Sentiment and Market Momentum: Hoskinson's appointment would likely generate positive sentiment and excitement around Cardano. This could lead to a surge in buying pressure, driving the price of ADA upwards. Additionally, it could attract new investors to the Cardano ecosystem, further fueling the price rally. ADA Price Prediction: Could It Reach $5? While it's difficult to predict the exact price of ADA, the potential positive impact of Hoskinson's appointment could certainly contribute to a significant price increase. However, reaching $5 would require a combination of favorable factors, including: • Continued Development and Innovation: Cardano's team needs to deliver on its development roadmap and introduce innovative features to attract developers and users. • Positive Market Sentiment: A sustained bullish market sentiment for cryptocurrencies would be beneficial for ADA's price. • Increased Institutional Adoption: Growing interest from institutional investors would provide significant support for the price of ADA. It's important to note that price predictions are speculative and subject to market volatility. While Hoskinson's appointment could be a major catalyst for ADA, other factors such as broader market trends, regulatory developments, and technical analysis will also play a crucial role in determining the price of ADA. Disclaimer: This article is for informational purposes only and should not be construed as financial advice. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
Long
by bryandowningqln
Cardano ADA Will Outperform Cryptocurrency MarketHello, Skyrexians! Yesterday we considered the Bitcoin analysis where concluded that the potential growth is not going to be insane, bull market will be finished soon. At the same time on the BINANCE:ADAUSDT weekly chart we can see that price is charged for the flight. Let's notice, that Cardano has the specific bear market structure, where the corrective wave C has been finished in October 2023. Growth from the bottom was impulsive, so it could not be the wave B, in our opinion it's wave 1 of the new bull market. Since March 2024 most of crypto assets continued the bear market, but drop on ADA was not so big. It means that wave 2 has been formed already. Look at the green dot on the Bullish/Bearish Reversal Bars Indicator . This is strong bullish signal that this correction is likely to be finished, in conjunction with Elliott waves analysis we can see that the impulsive wave 3 is about to happen soon! Targets can be calculated using Fibonacci Extension. 1.61 and 2.61 corresponds to the area between $1.2 and $1.77. Note that this zone is not likely going to be the end of bull run. This is just wave 3 in this rally. Finally, we expect the new ATH for ADA in 2025. Best regards, Skyrexio Team
Long
by Skyrexio
7
Cardano / ADA Cardano price today is $0.37with a 24hour trading volume of 610 million dollar. ADA price is up 3% in the last 24 hours and 45% up since last month what is cardano? well, cardano is a proof of stake blockchain cryptocurrency founded in 2017 by Charles Hoskinson, who also co-founded Ethereum. The Cardano blockchain was created for decentralized application distribution and it hopes to solve issues such as scalability, interoperability, and sustainability. Smart contracts are also adapted in the design of Cardano to ensure the blockchain platform can run independently without the need for any professional or third party oversight. now lets talk about ada price as you can see Ada stuck in a blue channel and bulls trying to break it and back to 0.41 which is another important resistance, if ada breaks it then 0.45 and 0.49 are next targets
Long
by moonypto
21
Ready to Move?Here we go! Things look ready to move relatively soon. -Volume decreasing linearly, usually the sign that big players have taken their profits and steered price action the way they wanted. Sets up for the next big move. - Fisher ribbons aligning, can give direction and strength of a move when combined with other tools -Volatility decreasing, a sign that a relatively large move is coming - Stochastics pointed in the positive direction with low volatility usually means price action will break that same direction -FED to cut interest rates in September Question is, what will we do if it breaks to the downside... ACCUMULATE, Seanders
KRAKEN:ADAUSDLong
by seanders_
2
Tron Overtakes Cardano: Is This the Beginning of a Bullish Run?The cryptocurrency market has been a rollercoaster in recent times, with various digital assets experiencing significant price fluctuations. In a surprising turn of events, Tron (TRX) has managed to outperform its rival, Cardano (ADA), with a remarkable price surge in the past week. This unexpected development has caught the attention of investors and analysts alike, sparking speculation about TRX's potential for further growth. One of the most compelling indicators of investor interest is the open interest, which represents the total number of outstanding derivative contracts for a particular asset. In the case of Tron, the open interest has skyrocketed by a staggering 52% in the last 24 hours. This substantial increase suggests a growing appetite for TRX among traders, potentially fueling further price appreciation. The surge in open interest could be attributed to several factors. Firstly, the recent price rally of TRX has undoubtedly attracted the attention of investors seeking outperforming assets. Secondly, the underlying fundamentals of the Tron network, such as its focus on scalability and decentralized applications (dApps), may be gaining traction among developers and users. If TRX manages to close a weekly candle above the crucial $0.15 resistance level, it could signal a significant shift in market sentiment and potentially trigger a more extended bullish trend. Breaking through this resistance would indicate strong buying pressure and could pave the way for TRX to challenge higher price levels. However, it's essential to approach this development with caution. The cryptocurrency market is highly volatile, and past performance is not indicative of future results. While the current trends for TRX appear promising, several factors could impact its price trajectory. These include broader market conditions, regulatory developments, and the overall adoption of blockchain technology. As with any investment, conducting thorough research and due diligence is crucial before making any decisions. Investors should carefully evaluate the risks and rewards associated with TRX and consider diversifying their portfolios to manage exposure to market volatility. In conclusion, Tron's recent outperformance of Cardano and the surge in open interest have generated excitement among investors. While the potential for a bullish breakout exists, it's essential to maintain a balanced perspective and consider all factors before making investment decisions. The cryptocurrency market remains unpredictable, and staying informed about market trends and fundamental analysis is vital for navigating its complexities.
BINANCE:TRXUSDLong
by bryandowningqln
1
ACCUMULATE ADA - 5daySeems time to accumulate CRYPTO:ADAUSD if you are in the know about Cardano. - Fisher Transform Indication bands need to align themselves. - Price will bounce around tightly packed moving averages between .32 cents and .44 cents. - Price breakout to occur early Aug to early September. - Volume structure also indicates this breakout. - Historical volatility also on the decline which also reinforces this breakout period. ACCUMULATE, seanders not financial advise
KRAKEN:ADAUSDLong
by seanders_
2
ADA buy📊Analysis by AhmadArz : ADAUSDT Support and Resistance Levels: Support Level: The horizontal line at the bottom of the chart around $0.3199 🛡️. Resistance Level: The horizontal line at the top of the chart around $0.4101 🛡️. Time Range: The chart includes price data from approximately June 10th to July 11th 📅. Entry and Exit Points: Entry Point: The short horizontal line near the $0.3700 price indicates the entry point for the trade 🚀. Take Profit (TP) Levels: TP-1: $0.3700 🥇 TP-2: $0.3863 🥈 TP-3: $0.4037 🥉 Stop Loss: $0.3436 ❌ Expected Price Ranges: Green Zone: The area where the price is expected to move upwards to reach the take profit levels 📈. Red Zone: The area indicating where the trade will be stopped out if the price moves down to the stop loss level 📉. Black Arrows: The arrows highlight significant price movements and key points that might indicate a trend reversal or continuation 🔄. This chart suggests that the price of ADA is expected to move within the specified range (green zone) and reach the take profit levels (TP). If the price drops to the stop loss (red zone), the trade will be stopped.
Long
by ahmadarz
ADA : Extreme WEAKNESS, be CAUTIOUS👎BINANCE:ADAUSDT Cardano, like XRP and a few others, have been left behind during the recent BTC surge. We're about to see another leg up on BTC and likely a new ATH but ADA is barely able to break out of accumulation zone successfully. A few other altcoins that call for concern include the following: Other altcoins are sowing more promise. Volatility is infact, what attracts many users to crypto. There are a few coins that we are holding for longer term "investments" but projects that have been around for many years and fail to reclaim highs just speak to weakness. If we wanted a steady 7%, why not just get a savings account. You could be trading 5 other profitable altcoins instead of holding onto a dead, slow mover (unless ofcourse you have other reasons, such as a fundamental belief). Altcoins that are STRONG and moving with the trend as opposed to ADA, include the following: ______________________________
Short
by CryptoCheck-
1
ADA - Time For Concern?🤔❕ADA vs BTC ❕ ADA failed to make a successful retest of the accumulation zone, having tested it yet again after breakout, and forming a nasty M-pattern. This is quite different compared to the previous time BTC made a new ATH and ADA followed. Furthermore, the ADABTC chart is about to make lower lows, as ADA continuesly fails to increase in value with BTC: Now, some may argue that this is indeed a good time to BUY - and I cannot argue with that logic. I would, however, just advise to take caution. Reconsider the fundamentals when considering ADA as a diversified part of your portfolio. _______________________ BINANCE:ADAUSDT KUCOIN:BTCUSDT BINANCE:ADABTC
Short
by CryptoCheck-
3
ADA ready for bull run?We have 2 Cardano charts: ADA in 2020 and now. We have very similar formations. The first serious rebound from the bottom and a 50% correction in both cases. The only thing that bothers me is that now we have seen a large volume at local highs. The price has come to the support zone and may stay there for some time after a sharp decline. But I wouldn't be surprised if the same scenario repeats. I'm not rushing to buy, just wanted to share my observation and one of the very likely scenarios. It is possible that the whales will act according to the old scheme.
Long
by razumcapital
"Cardano Signals Bullish Reversal with Chart Pattern"ADA Cardano: Analyzing the Potential Double Bottom Cup and Handle Formation ADA Cardano, a blockchain platform known for its focus on scalability and sustainability, is capturing the attention of traders and investors as it exhibits a compelling chart pattern that could signal a bullish reversal. With the emergence of a potential double bottom cup and handle formation spanning over the past year and a half, coupled with short-term support being tested for recent lows, ADA Cardano's chart dynamics suggest a bullish outlook. Understanding ADA Cardano ADA Cardano is a decentralized platform that aims to provide a more secure and scalable infrastructure for the development of smart contracts and decentralized applications (DApps). Founded by Charles Hoskinson, one of the co-founders of Ethereum, ADA Cardano has positioned itself as a leading contender in the competitive landscape of blockchain technology. The Double Bottom Cup and Handle Formation A double bottom cup and handle formation is a bullish chart pattern that typically occurs after a prolonged downtrend, signaling a potential trend reversal. The pattern consists of two low points (the "bottoms") separated by a peak (the "cup"), followed by a smaller pullback and subsequent breakout (the "handle"). In the case of ADA Cardano, the formation of this pattern over the past year and a half suggests that the cryptocurrency may be poised for a significant upward move. Short-Term Support and Recent Lows In addition to the longer-term double bottom cup and handle formation, ADA Cardano is currently testing short-term support levels near recent lows. This consolidation phase serves as a crucial juncture for the cryptocurrency, as it establishes a base from which a potential breakout could occur. The ability of ADA Cardano to hold above these support levels despite market volatility bodes well for its bullish prospects. Bullish Outlook The combination of the double bottom cup and handle formation and the successful testing of short-term support levels paints a bullish picture for ADA Cardano. Traders and investors are closely monitoring the price action, anticipating a potential breakout to the upside. Positive developments within the ADA Cardano ecosystem, such as the upcoming rollout of smart contract functionality through the Alonzo upgrade, further bolster confidence in the cryptocurrency's long-term prospects. Conclusion In conclusion, ADA Cardano is exhibiting a compelling chart pattern in the form of a double bottom cup and handle formation, spanning over the past year and a half. With short-term support being tested for recent lows, ADA Cardano's chart dynamics suggest a bullish outlook, with the potential for a significant upward move in the near future. As market participants eagerly await confirmation of the breakout, ADA Cardano remains a cryptocurrency to watch closely for potential trading opportunities and investment growth.
BINANCE:ADAUSDLong
by UnknownUnicorn2319099
ADA/BTC - CARDANO BREAK OUT WINDOW IS HERE CARDANO - CRYPTOCAP:ADA / BTC On Nov 1st I advised the following: ✅ A breakout in the window between 20th Nov - 29th Jan (could be shortened to the 8th Jan now). ✅ Bull trend confirmation = break above 50 SMA ✅Great risk/reward with stop under diagonal support Folks this could be the beginning of a long running upward move. A close above the 200 DSMA is confirmed and we are on the verge of a close above the 50 week SMA with this large 20% + move that ADA made today. If you were following me here or on TradingView you would have a position in place already that is in profit and with a tight stop under strong support protecting you against the downside. Early November I provided this chart and outlook because a window of opportunity was close. As a long term patient play ADA is still very much an option for new entries. Pull backs to the 200 DSMA or green zone are the most ideal entries, however as we are entering into the "breakout window" and we appear to be breaking out. If you do enter, always, always, always decide on and have a defined stop/get out level and stick too it. Write it down on the chart or a notepad. Stick to it. Protect yourself. For those in the trade since we shared, we are 40%+ in profit thanks to a little patience and good timing, and this is only the beginning of this trade. Don't let idle hands make you trigger happy, the trend might be upon us, don't pull the rug on your position as things are only starting to trend. PUKA
Long
by PukaCharts
5