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.
Cardano (ADA) is showing signs of a potential major price rally, with its current price structure resembling the setup before its explosive 2020 surge. Analysts predict targets around $2.90 to $3.10, indicating significant gains from current levels n...
Cardano (ADA) is at a crucial technical crossroads with two contrasting views. One analysis highlights a bearish weekly trend band, suggesting ADA must close above $0.32 to flip bullish or risk falling to $0.14 if it closes below $0.22. Another persp...
Cardano's blockchain network processed 1,780,896 transactions during Epoch 660 (Oct 6-11), marking its highest activity since November 2021. This surge was driven by community voting on governance changes, acting as a stress test that the network han...
Cardano (ADA) traded below $0.25 on October 12 as momentum indicators weakened, with analysts identifying a key support zone between $0.224 and $0.240. The price fell 3.53%, showing bearish signals including a negative MACD histogram and potential fo...
Cardano's price fell below the $0.25 mark, currently trading near $0.2434, as daily momentum weakened with the MACD indicator turning negative. Analysts are divided on the outlook: one warns of further declines due to bearish signals, while another s...
