Cardano Nears End Of 2020-Style Correction: Is $5 To $10 Next?
Cardano (ADA) may be nearing the end of a multi-month corrective phase that closely resembles its 2020 setup, according to a new technical analysis video posted Wednesday by crypto analyst Quantum Ascend. The analyst argues that a similar “lower trendline reset” preceded ADA’s prior breakout cycle, and that several weekly indicators are now starting to…
Cardano Founder Addresses ADA Dump Rumors, Is He Behind The 80% Price Crash?
Cardano founder Charles Hoskinson has stepped forward to address swirling rumors that he dumped his ADA holdings, sparking concerns about his potential role in the altcoin’s dramatic 80% price crash. Amid speculation and social media chatter, Hoskinson firmly denies the claims, insisting he did not personally contribute to the decline by offloading his assets. Cardano…
Cardano SuperTrend Turns Bearish—Last Signal Preceded 80% ADA Drop
A cryptocurrency analyst has pointed out how Cardano has formed a technical analysis (TA) signal on its weekly chart that last led into a major price drawdown. Cardano SuperTrend Has Flipped Bearish In a new SuperTrend” refers to a TA indicator that’s generally used for determining whether a given asset is following a bearish or…
Cardano Targets $10.40 As ‘2020 Blastoff’ Pattern Returns, Analyst Says
Cardano (ADA) is getting the “2020 blastoff” treatment again — at least if you ask Quantum Ascend, a technical analyst on X who says the chart is starting to rhyme with the setup that preceded ADA’s last major run. In a Dec. 13 video shared on X, Quantum Ascend (@quantum_ascend) told followers he’s been working…
Cardano Whales Trim Positions – 4M ADA Sold in 7 Days
Cardano has entered a difficult phase as selling pressure intensifies across the crypto market. The price of ADA has fallen below the $0.60 level, a critical threshold that previously acted as both support and a psychological anchor for traders. With this breakdown, bullish momentum has faded, and the asset now faces mounting resistance amid a…
Cardano Retests Line That Has Triggered Strong Rebounds Since Nov 2024
An analyst has pointed out how Cardano is retesting a level that has helped the asset’s price rebound multiple times during the past year. Cardano Is Retesting The Support Level Of A Parallel Channel In a new Parallel Channel, a type of consolidation channel from technical analysis (TA). A Parallel Channel forms whenever an asset’s…
Can Cardano Still Hit $6.25 This Cycle? Analyst Answers
The Cardano weekly chart is still looking strongly bullish according to independent technician Charting Guy (@ChartingGuy on X) who resurfaced his long-running Fibonacci roadmap and channel study. Can Cardano Top $6 This Cycle? His latest post on X on October 26 noted that “ADA is fine as long as uptrend holds,” a view that is…
Cardano Whale Makes $54 Million Coinbase Outflow: Sign Of Dip Buying?
On-chain data shows a Cardano whale has made a massive withdrawal from Coinbase, a sign that may be bullish for the ADA price. Cardano Whale Has Withdrawn Big From Coinbase According to data from cryptocurrency transaction tracker service Whale Alert, a large transfer has been spotted on the Cardano blockchain during the past day. The…
Cardano (ADA) Oversold With RSI at 36.6: Is a Short-Term Rebound on the Horizon?
Cardano (ADA) slipped 1.38% today, trading at $0.816, below its 20-day moving average ($0.871) and 50-day moving average ($0.86). However, it remains above the 200-day moving average at $0.735, signaling that while sellers dominate in the short and medium term, the longer trend is still supported. Daily charts show oversold signals with the Relative Strength…
Cardano (ADA) Breaks Resistance: Will Bulls Drive Toward $1 or Risk Losing Support?
Cardano (ADA) is trading at $0.876 with a daily volume of $1.28 billion, but sellers remain in control after a sharp 7% decline over two days. On-chain data from Santiment shows the Network Realized Profit/Loss (NPL) metric spiking to its highest level since July, signaling that many investors are cashing out profits. This wave of…