Cardano's ADA price fell 11.2% over eight days following a bullish break on August 6, slipping into a retracement phase. The local support zone at $0.185-$0.190 was lost to bears, but the overall swing structure remains bullish with a recent high at $0.211. Technical indicators on shorter timeframes show bearish momentum, yet this is seen as a temporary pullback rather than a trend reversal. Traders are advised to wait for price to test key Fibonacci retracement levels between $0.165 and $0.175 before buying, watching for increased volume and buying pressure as signs of recovery.
The crypto market remains range-bound with Bitcoin trading around $62,900, showing little daily movement but down over 3% weekly. Regulatory setbacks in the US, including the SEC delaying a key crypto rule vote and stalled Senate action on the CLARIT...
Cardano's price is maintaining the key $0.18 support level while its decentralized finance (DeFi) total value locked (TVL) increased by over 14 million ADA since early August, reaching about $66.65 million. This growth follows the recent Van Rossem u...
Cardano (ADA) has flipped its SuperTrend indicator from red to green, suggesting a bullish trend as the price breaks through $0.18 resistance. This follows a double bottom formation and oversold conditions indicated by the Stochastic RSI, hinting the...
Cardano's Total Value Locked (TVL) in DeFi increased by 14 million ADA since August 8, reaching a value of $66.65 million, signaling growing network activity after recent upgrades. However, institutional interest is waning, with Cardano futures volum...
Cardano (ADA) is consolidating around $0.18 with a market cap near $6.9 billion, facing strong resistance between $0.20 and $0.21. Technical indicators like the TD9 sell signal and a declining MVRV ratio suggest growing bearish pressure, with critica...
