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Search Results for: Cardano

Can Cardano Break the Supply Zone or Face Another Decline?

Cardano (ADA) is trading at $0.3429, reflecting a 4% decline in the past 24 hours and hitting a weekly low of $0.3396. Over the past month, ADA has dropped by 7%. During this period, its price action has been relatively volatile, with slight declines of 5% over the past week.

October 24, 2024 2 mins read

Cardano’s $1 Dream Fades: 2 Billion ADA Supply Wall Blocks Rally Hopes

Cardano’s promising start to 2024, which saw ADA surge from $0.46 to $0.80 in the first quarter, has given way to a prolonged decline. This reversal of fortune has left investors questioning whether ADA can recapture its early-year momentum or revisit its 2022 price levels. A key obstacle to ADA’s

October 22, 2024 1 min read

Cardano (ADA) Lacks Bullish Momentum, Trapped in $0.33-$0.37 Range

Cardano (ADA) finds itself in a precarious position as it grapples with a persistent lack of bullish momentum, leaving investors uncertain about its near-term trajectory. Despite optimistic expectations for a rally, ADA has struggled to break free from its current consolidation range, with technical indicators and market sentiment providing mixed

October 19, 2024 2 mins read

Cardano (ADA) Eyes Breakout Amid Mixed Market Sentiment

Cardano (ADA) has been experiencing market turbulence, with traders showing caution despite recent bullish attempts. After hitting a two-week high of $0.3711, ADA faced renewed selling pressure, dropping 4.24% in the past 24 hours to $0.3443. Trading volume has also decreased by 39%, further reflecting market hesitation. A key technical

October 17, 2024 2 mins read