Cardano [ADA] needs to defend this zone for a sustained rally

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the opinion of the writer.  Cardano, one of the most popular altcoins trading in the market (judging by its $21.9 billion market cap), has been in a downtrend since September 2021. The late-March rally did not break … Read more

With Cardano [ADA] approaching a short-term resistance, here’s what you can do

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice On 12 May, Cardano whales were highly active and Santiment data showed the largest spike in high-value transactions since January. Was that a buy-the-dip moment, or was it possible that holders could experience further pain … Read more

Cardano: Despite demand at $0.4, here’s why ADA’s path to recovery seems bleak

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. There have been some positive developments behind Cardano in the past few days. The Cardano community had voted on the Project Catalyst Fund seven back in March and will soon be voting on Fund … Read more

ADA [Cardano] could bounce to $0.9 in the next few days only if…

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice On shorter timeframes, announcements of technical improvements could be argued to have a positive impact on the price. A recent proposal to increase the block size of the Cardano mainnet appeared to be greeted by … Read more

Cardano: Buyers kiss toodles on the bulls’ cheek thanks to…

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Cardano saw a huge spike in recent days in the “age consumed” metric. This meant that a large amount of ADA changed hands after being dormant for a long time. This could be a bullish … Read more

Can ADA register a higher low despite prevailing bearishness

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice The total value locked (TVL) on the Cardano blockchain has climbed, as has the number of total wallets holding ADA. It was unclear whether this development on the chain would have a bullish impact on … Read more

Cardano broke out of a falling wedge; the results have been…?

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice A large portion of the circulating Cardano supply is held by whales, and there was some evidence from an NVT spike that suggested that the token could be undervalued. ADA’s trading volume has also been … Read more

Cardano: With soaring on-chain transactions, here’s how far ADA can go

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice IntoTheBlock reported that the number of large transactions on the Cardano blockchain had increased by an enormous margin, which indicated that there was increasing institutional demand. Santiment also noted an uptick in the number of … Read more

What next for Cardano now that $1-resistance is broken

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Cardano has broken out of a falling wedge that has been in play for many months now. The $1 resistance level, and the area of supply just above it, have been broken. Moreover, the $1.22 … Read more

Cardano: The if and how of reclaiming this major level

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Bitcoin always has a massive impact on the long-term trend of most altcoins. In the case of Cardano, the downtrend of Bitcoin from its highs near $69k has had a brutal effect on Cardano’s own … Read more