Cardano (ADA) experienced a sharp price rebound in early August, causing a 99% liquidation imbalance on its derivatives market. Short sellers betting on a price drop below $0.15 were caught off guard as ADA surged past $0.185 to $0.193, triggering over $1 million in short liquidations. This forced buying accelerated the rally and shifted the market sentiment, turning previous resistance into support. The market shows potential for another short squeeze if ADA rises further, with a key liquidity pool near $0.194 posing risk to remaining short positions.
Cardano and Injective have connected through the Inter-Blockchain Communication (IBC) protocol on testnet, allowing ADA and INJ tokens to be transferred between the two ecosystems for the first time. This integration enables direct chain-to-chain com...
Cardano's price surged to $0.190 after large holders accumulated over 240 million ADA in five days, driving a 22% gain from its July low. The rally was supported by a bullish inverse head-and-shoulders pattern suggesting a potential rise to $0.208. K...
Cardano (ADA) saw its market capitalization increase by $693 million last week, reaching about $6.7 billion, as its price surged 11.52% from $0.1646 to around $0.1836. This rally was driven by strong demand from large holders (whales) who bought over...
Ethena (ENA) led altcoin gains with a 12.1% price jump to $0.0886, driven by growing interest in its upcoming protocol upgrade. Other notable gainers included MemeCore (11.4%), Algorand (9.5%), Cardano (8%), and Avalanche (5.5%), reflecting varied in...
Cardano (ADA) rose 8.74% in 24 hours, breaking out of a multi-week consolidation by surpassing the $0.1812 resistance level with strong volume, signaling genuine buying interest. This breakout aligns with a broader altcoin market rotation from Bitcoi...
