Cardano (ADA) price fell about 4.7% to near $0.1885 on August 11 after Grayscale withdrew its Cardano ETF registration, citing no plans to distribute shares. This withdrawal came just before Cardano futures on CME completed six months of trading, meeting one SEC generic listing criterion for commodity-based ETFs, though this does not guarantee ETF approval. Technical analysis shows bearish signals for ADA, with potential declines toward $0.17 if current trends continue. Despite market weakness, Cardano's network development progresses with a recent hard fork upgrade. The key near-term price level to watch is $0.20, with recovery above it possibly easing downside pressure. The next regulatory step is whether Grayscale or another issuer will file a new ADA ETF registration following the futures milestone.
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...
