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Cardano (ADA) Faces Key Hurdle Before Breaking $1.20


by Olivia Stephanie
for CryptoPotato
Cardano (ADA) Faces Key Hurdle Before Breaking $1.20

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TL;DR

  • ADA forms an ascending triangle with $0.95 resistance; breakout could push price toward $1.20.
  • Whale wallets sold 160 million ADA in four days, as the price slipped by 5% weekly to under $0.82.
  • Cardano’s eUTXO model could attract long-term attention for its structured transaction execution.

ADA Nears Key Resistance in Ascending Triangle

Cardano (ADA) is trading at around $0.82 after a 7% drop since Monday. The past week shows a decline of just over 5%. On the daily chart, the price continues to form an ascending triangle, a structure often watched for trend continuation.

Read the article at CryptoPotato

In This News

Coins

$ 0.190

-1.55%

$ 0.441

-0.33%

$ 0.000207

$ 0.000122

Share:

In This News

Coins

$ 0.190

-1.55%

$ 0.441

-0.33%

$ 0.000207

$ 0.000122

Share:

Read More

Key Indicator Says It’s Time to Buy Dogecoin (DOGE) and Cardano (ADA)

Key Indicator Says It’s Time to Buy Dogecoin (DOGE) and Cardano (ADA)

DOGE and ADA show bullish reversal signs as TD Sequential and SuperTrend indicators f...
XRP Signals 2017 Replay: Can Ripple’s Price Hit $10 This Cycle?

XRP Signals 2017 Replay: Can Ripple’s Price Hit $10 This Cycle?

XRP mirrors its 2017 breakout setup as MACD crossover nears and RSI resets. Analysts ...

Cardano (ADA) Faces Key Hurdle Before Breaking $1.20


by Olivia Stephanie
for CryptoPotato
Cardano (ADA) Faces Key Hurdle Before Breaking $1.20

Share:

TL;DR

  • ADA forms an ascending triangle with $0.95 resistance; breakout could push price toward $1.20.
  • Whale wallets sold 160 million ADA in four days, as the price slipped by 5% weekly to under $0.82.
  • Cardano’s eUTXO model could attract long-term attention for its structured transaction execution.

ADA Nears Key Resistance in Ascending Triangle

Cardano (ADA) is trading at around $0.82 after a 7% drop since Monday. The past week shows a decline of just over 5%. On the daily chart, the price continues to form an ascending triangle, a structure often watched for trend continuation.

Read the article at CryptoPotato

In This News

Coins

$ 0.190

-1.55%

$ 0.441

-0.33%

$ 0.000207

$ 0.000122

Share:

In This News

Coins

$ 0.190

-1.55%

$ 0.441

-0.33%

$ 0.000207

$ 0.000122

Share:

Read More

Key Indicator Says It’s Time to Buy Dogecoin (DOGE) and Cardano (ADA)

Key Indicator Says It’s Time to Buy Dogecoin (DOGE) and Cardano (ADA)

DOGE and ADA show bullish reversal signs as TD Sequential and SuperTrend indicators f...
XRP Signals 2017 Replay: Can Ripple’s Price Hit $10 This Cycle?

XRP Signals 2017 Replay: Can Ripple’s Price Hit $10 This Cycle?

XRP mirrors its 2017 breakout setup as MACD crossover nears and RSI resets. Analysts ...