Cardano's decentralized exchange (DEX) trading volume surged to about $56 million on August 22 but quickly dropped by 98% to around $1 million, returning to typical levels below $5 million. Despite this sharp decline in trading activity, ADA's price remains resilient, holding above the key support area of $0.20 after briefly peaking near $0.258. The price action suggests cautious buyer interest, with the next critical test between $0.20 and $0.208 determining if ADA can sustain its recent gains or fall back toward earlier lows around $0.17. The drop in futures open interest also indicates some traders are reducing exposure following the price rally.
Toto Finance has proposed that Cardano's community treasury allocate 22 million ADA (about $5 million) to purchase and tokenize copper, represented by a token called CuTT. The copper would be stored in a COMEX-approved warehouse and held for 18-24 mo...
Cardano (ADA) fell below the $0.22 mark near its 100-day exponential moving average, struggling to rise above its 50-day and 200-day moving averages. The price briefly attempted to break above the 50-day EMA but failed to hold, bringing focus to the ...
XRP, Solana (SOL), and Cardano (ADA) saw price declines early Thursday, with XRP trading below its four-hour 50-period EMA and ADA below both its 50-day and 200-day EMAs. SOL remained above its 200-day EMA but dipped below its 50-day EMA. These movem...
Cardano (ADA) traded below the $0.22 support level on October 22, failing to close above its 50-day exponential moving average, which stood near $0.228. The next support levels are around $0.21 and $0.17, while resistance levels are at $0.236, $0.24,...
Cardano has successfully recorded 100,000 farm parcels in India on its blockchain through the Agricultural Trust Layer project, developed with partners like Syngenta Foundation India. This initiative uses satellite-verified data to create decentraliz...
