Cardano sees strong support at $0.31 — will the bears break this level too

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Despite the bounce to $0.375, the structure remained bearish $0.26 was the next significant support level to watch out for Cardano was in the grip of a hefty bearish trend. This has been the case … Read more

Cardano: A pullback to $0.38 can see ADA form a range between…

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Cardano remains within a higher timeframe downtrend The $0.42 area has been solid resistance in the past Cardano has not been particularly strong in the markets in recent months. Since June, the price has been … Read more

Is ADA in trouble given the Cardano co-founder’s itch for a DOGE alliance 

Twice bitten, never shy—That was the aura oozing from Cardano’s [ADA] founder as he asked that Dogecoin [DOGE] become its sidechain. Known for his outspoken nature, Charles Hoskinson had initially suggested that if DOGE accepted to be ADA’s sidechain, he would process the integration for free. He even went further by saying that he would include smart contracts for the meme … Read more

ADA struggles to break $0.365, here’s where traders can look to buy

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice A lower timeframe resistance zone has been flipped to support Cardano faces stiff resistance up to $0.4, and demand has not yet arrived Cardano has performed somewhat well in the past three days. The drop … Read more

Cardano can see accelerated losses after losing this key short-term support

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Cardano dropped to $0.35 but was able to manage a bounce This bounce was short-lived, and another 5% drop looms for ADA The previous day of trading saw Bitcoin [BTC] face resistance at $19.6k and … Read more

Cardano finds some support at $0.36, but the downtrend remains unbeaten

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Cardano sees some relief at $0.36 Dead cat bounce or can the bulls drive ADA back above $0.4? At the time of writing, Bitcoin [BTC] was headed higher toward the $19.6k resistance. Over the weekend … Read more

As Cardano crashes below $0.4, should traders consider shorting ADA

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The $0.42-$0.4 band finally gave in to selling pressure Another leg down was likely Bitcoin showed weakness as well, expect volatility Coinglass data showed nearly $3.5 million worth of positions liquidated on ADA pairs … Read more

Why Cardano’s latest support level plays a critical role after recent losses

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Cardano dips beneath range lows yet again Buyers have defended $0.42…so far Cardano [ADA] was expected to surge on the price charts after the Vasil hardfork was pushed out. Yet, the price persisted in its … Read more

Cardano offers a risky buying opportunity, should ADA investors indulge

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. ADA approaches support zone, low-risk buy with clear invalidation was present Bearish BTC meant the likelihood of further losses was high for ADA Bitcoin [BTC] dived beneath the $20k mark once again, after a decent … Read more

Cardano runs into a resistance zone, can ADA traders anticipate a pullback

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. The Vasil upgrade was announced to be a success by IOHK. This upgrade “will bring significant performance & capability enhancements”, and IOHK described it as the most ambitious program of work they’ve undertaken. On the … Read more