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Latest ADA Surge Takes The Coin Up By 15%, What Is Next To Come?

The latest ADA surge took the coin up by 15%, establishing strong two past days for the crypto market, especially Cardano. Following up on the bitcoin 5% rally from the recent lows, ADA gained 15% over the past day and even more in the past 48 hours as we are reading in the latest Cardano ADA news. The latest ADA surge made Cardano the best-performing cryptocurrency in the 100 over the past day according to the data from CoinGecko. Cardano could continue the rally as a number of analysts asserted. Ali Martinez, a popular crypto analyst posted a chart where…

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Despite ADA’s Recovery, On-Chain Metrics Suggest A Price Drop

Despite ADA’s latest recovery, the on-chain metrics suggest that the price will soon drop as the hype around Cardano’s staking rewards continues to fade as on-chain metrics have a hard time holding up the inflated ADA prices so let’s find out more in today’s Cardano crypto news. Retail investors are slowly losing interest in Cardano after the Shelley launch on the project’s mainnet. The sudden surge in ADA prices after the Shelley launch was unsustainable which resulted in a 34% downswing when the prices hit yearly highs. ADA will continue to experience losses if the support at $0.114 crucial level…

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Cardano Steps Closer To Decentralization As ADA Approaches Exhaustion

Cardano steps closer to being decentralized with the Shelley upgrade offering staking rewards with returns of 4.56% per year. However, the hype around the token is slowly fading and ADA is approaching exhaustion as we are about to read more in the upcoming Cardano ADA news. Cardano’s Shelley mainnet attracted more than 856 stake pool operators in the past week but the retail investors lost the excitement around ADA because of the lackluster price action. If the trend continues, the price of the cryptocurrency could pullback based on the technical metrics. Cardano’s Social and Trading Volume by Santiment Cardano transitioned…

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ADA Witnesses 50% Price Surge, Recording 2-Year High: Analysis

ADA witnesses a 50% price surge over the past month reaching $0.139 as well as reaching a 2-year high over the weekend. Following our latest cardano crypto news today, we take a closer look at the price analysis. Against Bitcoin, ADA rebounded from 1150 as the bulls started pushing higher. The ADA/USD bulls tried to rebound from the $0.13 support while setting potential key support levels at $0.13, $0.124, $0.12, and key resistance levels at $0.148, $0.15, and $0.155. Cardano was surging over the past three months as it increased by a whopping 180% and this price hike allowed Cardano…

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Cardano Forms Strong Base At $0.13, Transaction Volumes Remain Low

Cardano forms a strong base at $0.13 but the transaction volume still remains a concern for the investors. ADA saw a notable decline yesterday that was correlated with Bitcoin’s plunge to $11,000 as we reported in the previous Cardano ADA news. Cardano forms a strong base at $0.13 but the bulls defended the level on a few occasions over the past day. Despite not establishing a bearish technical formation, some investors are concerned about ADA’s blockchain because of the low transaction volume. One analyst noted that compared to other chains with similar volumes suggesting that the current market capitalization could…

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ADA Jumps To New 2020 Highs As Shelley Mainnet Transition Starts

ADA jumps to new 2020 highs and today’s climb comes as the Shelley mainnet transition process started with the investors took this as “buy the news” opportunity, so let’s read more in the Cardano crypto news. ADA jumps to new 2020 highs and is now pushing up against some substantial resistance but the technical importance of the latest movement indicates that further upside could be imminent. One analyst pointed out that today’s upswing allowed ADA to break out of the bull pennant that it was forming while looking at the daily charts. Other data metrics indicated that the latest push…

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