Cardano price momentum is struggling to protect the $0.550 support as it stays on course to register the third successive daily loss. The ADAUSD pair traded at $0.552 as of press time, up by a marginal 0.26%, with the 24% drop in trading volume signaling a weakening upside momentum. The crypto coin’s fundamentals are weak…
Cardano price has recorded the fourth loss in the last five days, once again failing to breach the $0.700 barrier. The crypto coin is on a weak momentum and has declined by 9% in the last week. Those losses have seen it lose the ninth position in to Tron (TRX) according to CoinMarketCap rankings. Furthermore,…
Cardano price extended its downside on Friday to stay on course to register the fourth successive daily loss and the first double-digit weekly loss since March. While the decline mirrored the broader cryptocurrency market losses in the last three days, ADA is also up against the negative sentiment generated by the SEC’s decision to delay…
Cardano price has been trending sideways in recent days, with an evident struggle to break above $0.770. Despite the struggles, there is an underlying optimism over ADA price prospects, with a vital ETF ruling expected later this week. Its daily transaction numbers have climbed from 30,000 to 50,000 since the start of May, affirming rising…
Cardano price rose to one-week highs of $0.810 on Thursday, after rising by 7% on the daily chart. The coin’s 24-hour trading volume was up by 69% as of this writing, signifying the strengthening of the upward trend. In addition, ADA’s market capitalisation has grown by $1 billion in the last week to reach $28.28…
The global cryptocurrency market declined on Thursday as profit-taking reigned. Cardano price was down by 5.2% at the time of writing, taking cues from the broader market, including bellwether, Bitcoin, which was down by more than 1%. Despite the correction, there remains an underlying bullish momentum, with the CoinMarketCap Fear and Greed Index at 71…
Cardano price has reclaimed the $0.700 support, reflecting the broader market performance. The coin was up by 6.7% at the time of writing and traded at $0.714, bringing its weekly gains to 5%. In addition, it has registered gains in six out of the last seven days, affirming a strong bullish momentum. Why ADA Price…
Cardano price returned to the upside on Monday, retesting the $0.680 support , but staying within a broader downtrend going back two weeks. The coin was at $0.686 at the time of writing, up by 1.4% on the daily chart, but down by 2.46% on the weekly time frame. Despite the gains registered by ADA…
Cardano price stayed up for the second successive session on Friday, trading at $0.714 at the time of writing after rising by 1.4% on the daily chart. The coin has struggled to build upward momentum in the last week, having declined by 0.5% in that period. However, the uptrend will likely stay in play in…
Cardano price returned to the upside on Tuesday, snapping a two-day losing streak to register 1.7% gain on the daily chart. The coin has been trading above the $0.600 for the past seven days, and its momentum indicators signal a likely continuation of the upside. The price action has recently broken upwards from a descending…
