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

Are Terra developers migrating to AVAX, SOL, MATIC & ADA? The metrics say…

TerraUSD [UST] coming loose from its peg didn’t just drag down the price of the stablecoin, but led to LUNA’s market cap also diving and sent a shockwave of fear and anger through the communities participating in these projects. But it’s not just a question of price, as investors speculated that Terra developers would migrate … 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

Cardano [ADA]: As April ends on a bearish note, what does May have in store

Cardano’s native cryptocurrency ADA extended its bearish performance for another week after breaking through its support line. However, the cryptocurrency is now showing signs of a potential trend reversal that might pave way for a bullish uptick. ADA traded at $0.78 at the time of writing, which is roughly 36% below its $1.24 peak in … Read more

Cardano: With whales accumulating, is ADA being set up for a pump-and-dump

In an interesting development, Cardano holders with a supply of 10 million+ ADA have suddenly noticed a spike. The number of addresses in this cohort has risen by 12 within the last two weeks, which means that altogether this group of investors has now added at least 120 million ADA more to its stash and… … 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: Analyzing ADA’s case as an excellent multibagger candidate

Cardano, over the weeks, has motivated and destroyed investors’ dreams alike as the coin almost shot up by 55% a few weeks ago, and now it is back to where it was two months ago. However, there are now some indications of tides changing in favor of the altcoin. Cardano to start rallying again? According … 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

Cardano [ADA] bounces on the back of positive sentiment but will it sustain

Cardano’s native token ADA has enjoyed significant bullish recovery in the last three days as the broader cryptocurrency market sentiment improved. It is however, currently in the fear territory, as opposed to extreme fear in the previous week. The sentiment adjustment was timely because it allowed ADA to recover after coming into contact with its … Read more