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ADA Holds Key Support And Could Rally Above $1.22: Price Analysis

ADA holds key support and could soon rally higher than $1.22 as it recovered sharply from the $10.050 support zone as we can see more in our latest Cardano news. The coin will continue higher if it manages to clear the main $1.220 resistance zone as ADA holds key support in the near-term as it shows some positive signs above the $1.150 pivot level against the US dollar with it trading nicely above the $1.165 on the 100 simple moving average. There’s a key bearish trend line that is forming with the resistance of $1.218 on the 4-hour charts of…

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After The Weekly Surge Of 33%, What’s Next For Cardano’s ADA?

After the weekly surge od 33%, ADA climbed back above the $0.1 level and reached $0.102 so the coin rebounded from the long-term rising trend line. ADA’s was stalled most of the September at the $0.075 trend line but it managed to rebound as it edges towards 1000 SAT Again so let’s read in our Cardano coin news today. ADA dropped from $0.125 in early September and reached the support of $0.087 but managed to penetrate beneath the level as we went deeper into September and it headed lower into the support of $0.075. The price support was bolstered by…

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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 Pays Out Bigger Staking Rewards Than Initially Believed

Cardano pays out bigger staking rewards after migrating to a proof-of-stake blockchain last month and switching to Shelley. At the end of July, Cardano launched its mainnet Shelley alongside the network staking capabilities so let’s read more in the cardano cryptocurrency news. Now it seems that Cardano pays out bigger staking rewards as the users got the first taste of what the staking options hold. 7 million ADA was handed out on the first day of the rewards and IOHK expects 12 million ADA to be given out. According to the Cardano staking calculator, the rewards sit at an annualized…

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ADA Formed Textbook Bullish Reversal Pattern Against Bitcoin

ADA formed textbook bullish reversal pattern against Bitcoin since the highs seen in July. The altcoin crashed by a few percent against the number one cryptocurrency as we reported in the Cardano ADA news previously. Cardano could soon outpace Bitcoin according to a technical indicator which usually predicts reversals in the trend of an asset. ADA formed textbook bullish reversal pattern as it is usually poised to reverse against BTC to the upside according to the Tom Demark Sequential. The TD indicator is a time-based indicator that prints 9 and 13 candles once an asset is poised to find an…

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ADA Short Term Price Forecast Seems Bullish: Price Analysis

The ADA short term price forecast seems to be quite bullish because yesterday’s wick down to $0.1277 will probably be the last for Cardano. On the higher time frame and the lower one, Cardano seems bullish so let’s read more about the analysis in the cardano cryptocurrency news. Being in 8th rank, ADA is trading at $0.1328 currently with a 24-hour price change that shows a 5.50% decline. There’s a potential for another good long position with a minimum of 20% surge. The ADA short term forecasts show that the road ahead is bullish as Cardano formed a continuation pattern…

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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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Cardano Hits Over 700 Stake Pools Seven Days After Shelley Launch

Cardano hits over 700 stake pools only a week after the Shelley launch according to the reports by the IOHK parent firm as we are reading more in the upcoming Cardano ADA news today. The metrics show that the booming demand behind the Shelley rollout with other implementations to be released soon, that 731 pools were active on the mainnet with upwards of six billion ADA locked up. OUT NOW: Our first maintenance update to our new #Shelley wallet brings full stake pool listings to #Daedalus, along with a number of small but important improvements. Download Daedalus 2.0.1 today! https://t.co/A21FUZkeZ3…

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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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Shelley Upgrade Fails To Excite Traders As ADA Drops By 3%

The latest Shelley upgrade fails to excite traders as ADA dropped by nearly 3% overnight reaching a price level of $0.1405. Following the latest Cardano ADA news, we can see what is Cardano going to do about the decreasing value. Despite carrying out the hard fork last night, the Shelley upgrade fails to give the traders the needed excitement to invest in the cryptocurrency as they started selling the news in the crypto market which means ADA is in the red. ADA was down by nearly 3% over the past day targeting a price $0.1405 but the current price is…

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ADA Plummeted Day Before The Shelley Launch, Rebound Is Expected

ADA plummeted a day before the Shelley Launch as the holders are taking profits before the upgrade approaches as we are reading more in the upcoming Cardano latest news. Cardano took a 12% dip over the past 16 hours as the anticipated Shelley upgrade approaches but despite the selling pressure, the data reveals that the $0.12 support level could hold. Shooting up past this barrier, ADA could shoot to new yearly highs. As per the Cardano latest news, a few technical indexes suggested that ADA plummeted, sitting in overbought territory but there’s a robust support barrier that will allow the…

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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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Rest Of The Year Price Prediction For Cardano (ADA): Analysis

The hard fork which will bring us, Cardano Shelley, to use is just days away so we are wondering what the rest of the year price prediction for ADA will look like with the latest hard fork. Charles Hoskinson, the CEO of IOHK deep dived into what will be happening in the rest of the year for Cardano, revealing a lot of plans for the community as we are reading more in the Cardano coin news today. The hard fork will deploy Shelley onto the mainnet which is scheduled for July 29 and unless a security audit deems more fixes…

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Cardano Gets Ready To Retrace As Hype Around Shelley Fades Away

Cardano gets ready to retrace after announcing its roadmap to proof of stake with the Shelley upgrade. The hype around the announcement fades and ADA is slowly retracing as we are reading more in the latest Cardano ADA news. Cardano is up by 160% since the announcement of the Shelley upgrade roadmap but now that the hardfork is a few days ahead, the hype seems to be dissipating. The loss in interest from investors could lead to a massive correction of $0.097. Cardano soared as the Shelley upgrade speculation turned quite euphoric but now as the launch date approaches, the…

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