Currencies33006
Market Cap$ 2.77T-1.24%
24h Spot Volume$ 42.28B-14.5%
DominanceBTC60.12%+0.30%ETH6.93%-0.78%
ETH Gas0.38 Gwei
Cryptorank
MainNewsADA May Cont...

ADA May Continue to Weaken Against BTC, ETH, USD: Analyst


Jul, 24, 2023
< 1 min read
by CoinEdition
  • Benjamin Cowen predicted that ADA may continue to lose strength in the coming weeks.
  • The analyst predicted that ADA/BTC could drop to 0.000004 if the negative trend continues.
  • Cowen revealed that a sustained break above the 20-week EMA line will confirm a bullish trend reversal for ADA.

The trader and analyst Benjamin Cowen predicted in his latest analysis for Cardano (ADA) that the altcoin may continue to drop in the coming weeks. He revealed that his bearish outlook for the Ethereum-killer stems mainly from the fact that the total liquidity for the cryptocurrency market continues to decline.

Should ADA’s current downtrend continue, Cowen forecasts that ADA/BTC could fall to as low as 400 satoshis (0.000004 BTC). On the other hand, he speculated that ADA’s BTC pairing may continue to consolidate between 800 to 1,200 satoshis in the coming weeks if there is not an overwhelming amount of sell pressure during this period.

Daily chart for ADA/BTC (Source: TradingView)

Meanwhile, Cowen mentioned that ADA has continued to weaken against its biggest competitor Ethereum (ETH) in the past few weeks. The analyst shared that ADA/ETH has been in a downward tren…

The post ADA May Continue to Weaken Against BTC, ETH, USD: Analyst appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Cardano Tests $0.63 Support as Downtrend Threatens Further Losses

Cardano Tests $0.63 Support as Downtrend Threatens Further Losses

Cardano is testing a key support level near $0.63, based on chart analysis shared by ...
Apr, 14, 2025
< 1 min read
by CoinEdition
Solana’s UTXO Data Signals Key Support at $129 Amid Short-Term Price Range?

Solana’s UTXO Data Signals Key Support at $129 Amid Short-Term Price Range?

According to recent Glassnode data, Solana ($SOL) has had a significant shift in its ...
Apr, 15, 2025
< 1 min read
by CoinEdition
MainNewsADA May Cont...

ADA May Continue to Weaken Against BTC, ETH, USD: Analyst


Jul, 24, 2023
< 1 min read
by CoinEdition
  • Benjamin Cowen predicted that ADA may continue to lose strength in the coming weeks.
  • The analyst predicted that ADA/BTC could drop to 0.000004 if the negative trend continues.
  • Cowen revealed that a sustained break above the 20-week EMA line will confirm a bullish trend reversal for ADA.

The trader and analyst Benjamin Cowen predicted in his latest analysis for Cardano (ADA) that the altcoin may continue to drop in the coming weeks. He revealed that his bearish outlook for the Ethereum-killer stems mainly from the fact that the total liquidity for the cryptocurrency market continues to decline.

Should ADA’s current downtrend continue, Cowen forecasts that ADA/BTC could fall to as low as 400 satoshis (0.000004 BTC). On the other hand, he speculated that ADA’s BTC pairing may continue to consolidate between 800 to 1,200 satoshis in the coming weeks if there is not an overwhelming amount of sell pressure during this period.

Daily chart for ADA/BTC (Source: TradingView)

Meanwhile, Cowen mentioned that ADA has continued to weaken against its biggest competitor Ethereum (ETH) in the past few weeks. The analyst shared that ADA/ETH has been in a downward tren…

The post ADA May Continue to Weaken Against BTC, ETH, USD: Analyst appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Cardano Tests $0.63 Support as Downtrend Threatens Further Losses

Cardano Tests $0.63 Support as Downtrend Threatens Further Losses

Cardano is testing a key support level near $0.63, based on chart analysis shared by ...
Apr, 14, 2025
< 1 min read
by CoinEdition
Solana’s UTXO Data Signals Key Support at $129 Amid Short-Term Price Range?

Solana’s UTXO Data Signals Key Support at $129 Amid Short-Term Price Range?

According to recent Glassnode data, Solana ($SOL) has had a significant shift in its ...
Apr, 15, 2025
< 1 min read
by CoinEdition