Archive | ADA

Cardano Price Analysis: ADA/USD Remains Supported Above $0.090

Key Highlights ADA price made a nice upside move from the $0.0845 low and broke $0.100 against the US Dollar (tethered). There was a break above a major bearish trend line with resistance at $0.0980 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair must is currently correcting lower and… […]

Cardano Price Analysis: ADA/USD Could Surpass $0.1280 To Gain Momentum

Key Highlights ADA price is slowly recovering and is currently trading above the $0.1180 level against the US Dollar (tethered). There is a major breakout pattern forming with resistance near $0.1260 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair has to move past the $0.1260 and $0.1280 resistance levels… […]

Cardano Price Analysis: ADA/USD Could Decline To $0.10

Key Highlights ADA price declined below the $0.1240 support and tested the $0.1150 level against the US Dollar (tethered). There was a break below a major bullish trend line with support at $0.1288 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair may correct a few points, but it could… […]

Cardano Price Analysis: ADA/USD Breaks Key Resistance, $0.14 Next?

Key Highlights ADA price moved higher recently after forming a support near the $0.1225 level against the US Dollar (tethered). There was a break above a key contracting triangle with resistance near $0.1290 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is likely to move higher once it breaks… […]

Cardano Price Analysis: ADA/USD Slides Further, $0.12 Next?

Key Highlights ADA price remained in a downtrend and it declined below the $0.1350 support against the US Dollar (tethered). There is a crucial declining channel in place with resistance at $0.1300 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair may correct a few points higher, but upsides could… […]

Cardano Price Analysis: ADA/USD Upsides Capped Near $0.1700

Key Highlights ADA price declined further and traded below the $0.1620 support against the US Dollar (tethered). There is a crucial bearish trend line formed with resistance at $0.1680 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is under pressure and upsides will most likely be capped by the… […]

Cardano Price Analysis: ADA/USD At Risk of More Declines Below $0.16

Key Highlights ADA price declined recently and traded near a key support at $0.1600 against the US Dollar (tethered). There is a major bearish trend line in place with resistance at $0.1720 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair remains at a risk of more declines below the… […]

Only 33% of Bitcoin Payments Used to Purchase Goods, Economic Value in Question

As global investors flock to cryptocurrency as an investment vehicle, the use of cryptocurrencies for their intended purposes has come into question.  New research suggests that only one-third of transactional activity occurring on the Bitcoin network is related to the purchase of goods or services. The Network Value of Cryptocurrency One of the main criticisms… […]

Cardano Price Analysis: ADA/USD Primed for Gains above $0.1800

Key Highlights ADA price moved into a bullish zone above the $0.1600 and $0.1700 levels against the US Dollar (tethered). There is a tiny connecting bearish trend line with resistance at $0.1780 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair remains well supported above the $0.1700 and the 100… […]

Cardano Price Analysis: Dips in ADA/USD Remains Supported

Key Highlights ADA price started a nice upside move after testing the $0.1550 support against the US Dollar (tethered). There was a break above a crucial bearish trend line with resistance at $0.1650 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is currently placed above the 100 hourly simple… […]

Cardano Price Analysis: ADA/USD Approaching Key Support

Key Highlights ADA price surged towards the $0.2000 level before starting a downside correction against the US Dollar (tethered). There is a significant bullish trend line formed with support at $0.1700 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is correcting lower, but it remains well supported above the… […]