Cardano's price has dropped below its critical multi-year support level of $0.247, signaling a potential bearish trend. This break below a key support zone, which held since 2021, raises concerns about further price declines if ADA does not recover above this level before the month closes. Analysts warn that if the price closes below $0.247, Cardano could fall to lower support zones between $0.113 and $0.051, where long-term investors might consider buying. The coming weeks will be crucial in determining whether ADA can regain support or face deeper losses.
With Bitcoin down over 50% from its peak and market sentiment in extreme fear, an analyst highlights Cardano as a safer crypto option due to its balanced mix of security, decentralization, and steady development. Unlike other chains chasing trends, C...
Cardano wallets holding between 100,000 and 100 million ADA have increased their holdings to over 25.6 billion coins, the highest since early 2023. This accumulation happened over four months while ADA traded near multi-year lows, indicating large in...
Cardano has ratified the van Rossem hard fork, scheduled for July 18, marking the first upgrade fully driven by its decentralized on-chain governance. This upgrade advances Cardano to Protocol Version 11, introducing cheaper smart contract execution ...
Large Cardano wallets holding between 100,000 and 100 million ADA have accumulated 320 million tokens since early July, reaching their highest holdings since February 2023. Meanwhile, retail investors have reduced their ADA exposure amid the token's ...
Large Cardano holders, or whales, have increased their ADA holdings to a 3.5-year peak by absorbing over 25.6 billion tokens amid retail investors selling at multi-year lows. This shift reflects strong hands capitalizing on market pessimism, as small...
