Crypto Hotshots 2022 🔥♨️

Twitter Instagram Facebook Facebook Linkedin Youtube Spotify Medium Reddit Telegram
Voice of Crypto
  • VOC Explained
  • News
  • Analysis
  • Bitcoin
  • Altcoin
  • Press Release
    • Sponsored
    • Global Crypto Events
  • Services
    • Content Marketing Services
    • Crypto Influencer Marketing
    • Advertise With Us
  • Know Us
    • About Us
    • VOC Team
    • VOC Vigilantes
    • Brands Who Trust Us
    • Contact Us
Reading: Cardano Trades above $0.50, Is ADA Ready for a Breakout?
Share
  • bitcoinBitcoin(BTC)$27,620.00
  • ethereumEthereum(ETH)$1,756.20
  • tetherTether(USDT)$1.01
  • binancecoinBNB(BNB)$325.13
  • usd-coinUSD Coin(USDC)$1.01
  • rippleXRP(XRP)$0.449480
  • cardanoCardano(ADA)$0.362471
  • dogecoinDogecoin(DOGE)$0.075098
  • staked-etherLido Staked Ether(STETH)$1,750.96
  • matic-networkPolygon(MATIC)$1.10
  • Events
  • Videos
  • Podcast
Voice of CryptoVoice of Crypto
Aa
  • VOC Explained
  • News
  • Analysis
  • Bitcoin
  • Altcoin
  • Press Release
  • Services
  • Know Us
Search
  • VOC Explained
  • News
  • Analysis
  • Bitcoin
  • Altcoin
  • Press Release
    • Sponsored
    • Global Crypto Events
  • Services
    • Content Marketing Services
    • Crypto Influencer Marketing
    • Advertise With Us
  • Know Us
    • About Us
    • VOC Team
    • VOC Vigilantes
    • Brands Who Trust Us
    • Contact Us
Follow US
Copyright © 2023 Voice of Crypto. All Rights Reserved
Voice of Crypto > News > Cardano Trades above $0.50, Is ADA Ready for a Breakout?
News

Cardano Trades above $0.50, Is ADA Ready for a Breakout?

Jim Haastrup
Last updated: 2023/03/09 at 7:23 AM
Jim Haastrup Published August 8, 2022 March 9, 2023
Share
VOC, Voice of Crypto, Cardano, ADA

The price of Cardano is currently trading slightly above $0.50, but it’s been consolidating for the past few days. The ADA coin has been struggling below the resistance level. It attempted to flash a break-out several times but met bear actions each time.

Cardano Price Analysis

The Cardano price is trading sideways, meaning there’s no telling when the cryptocurrency will break out. As the buying strength recovered on ADA’s chart, the technical outlook has also turned positive. It has been a tough week for Cardano prices as they lost 2% of their value over the last seven days. The current support levels are around $0.50 to $0.45, respectively.

Still, there’s no telling if this will hold since it depends on how much more negative sentiment comes about from people who bought ADA at higher rates than what it is currently trading. Technical indicators show that this cryptocurrency’s price could resume its previous momentum if a more positive technical outlook continues.

Buying strength remains crucial for ADA at the moment. A slip below its current trading level will push ADA to $0.45.

Cardano Whales Action

According to data from Santiment, whale addresses holding between 10,000 and 10,000,000 ADA tokens have increased their accumulation over the past few days. Since July 27, whales have added a total of 0.46% of ADA’s existing supply to their portfolios, pushing the cumulative value of ADA to over $138 million in just 10 days.

Although the accumulation of whales has increased over the past 10 days, trading activity during that period is still declining. At the time of writing, ADA trading activity has also dropped 47% since a high of $1.1 billion on July 27.

 

Disclaimer: The author’s comments and recommendations are solely for educational and informative purposes. They do not represent any financial or investment advice. Always DYOR (do your own research)

 

 

 

You Might Also Like

Fate of TRX Amid SEC Crackdown on Tron

USDD Crash, after SEC Opens Investigations on Justin Sun

Arbitrum Airdrop to go Live Today, Know All About It

Bitcoin Price Possibly Targeting New ATH this Cycle?

Tether (USDT) Stability Makes it the Safest Stablecoin

Share this Article
Facebook Twitter Email Copy Link Print
Previous Article VOC, Voice of Crypto, Binance All You Need to Know about Binance and Indian Exchange Wazirx’s Clash
Next Article Amid-Speculations-and-high-social-attention-Could-NFTs-be-a-Scam Why Did CryptoDickbutts Ethereum NFTs Surge by Almost 690% Today?
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Binance

Follow US

Find US on Socials
Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Subscribe to our Newsletter

Get Newest Articles Instantly!

Ledger
Popular News
Web3 Shorthand
Web3 Shorthand: A Glossary for Crypto Newbies
Voice of Crypto Tron TRX
Fate of TRX Amid SEC Crackdown on Tron
Quick-Tips-To-Avoiding-A-Fake-Crypto-Wallet
Quick Tips To Avoiding A Fake Crypto Wallet

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Instagram Facebook Facebook Linkedin Youtube Spotify Medium Reddit Telegram
Voice of Crypto

Voice Of Crypto hits a beat with almost 15 million users, churning out the best news and content in the Web3, crypto and blockchain space

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

  • Advertise With Us
  • About Us
  • Privacy Policy

Copyright © 2023 Voice of Crypto. All Rights Reserved

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?