您现在的位置是:Cardano (ADA) is rebounding from six >>正文
Cardano (ADA) is rebounding from six
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛47人已围观
简介Sentiment in the broader crypto market has started to improve after a massive sell-off at the start ...
Sentiment in the broader crypto market has started to improve after a massive sell-off at the start of the year. Cardano (ADA), just like other altcoins, saw sharp declines in price, hitting 6-month lows during the correction. But we are seeing some rebound. Here are some highlights
Sentiment in broader crypto is showing signs of improvement, and Cardano (ADA) has improved with it.
At press time, the altcoin was trading at $1.28, up nearly 10% in 24-hour intraday trading.
ADA has also rebounded by a decent 13% after slumping to 6-month lows earlier in the week.
Data Source: Tradingview.com
Cardano (ADA) – Price prediction and analysis
The last two weeks have been quite brutal for crypto investors around the world. The market has largely been on the red. Cardano (ADA) and other altcoins were not spared. Earlier in the week, the coin dropped to around $1.0701, its six-month low.
But we have seen a sharp 13% rebound ever since. Also, although the coin is below its 200-day EMA, it is above its 25- and 50-day EMAs, suggesting a decent uptrend is starting to take shape.
So far, ADA has been bouncing between $1.1785 and $1.2501. We are watching to see if the coin can test the $1.5 mark. This could trigger a decent bullish breakout with sustained gains. But if bear pressure continues to hold, then it is likely that ADA may slump back to $1.100.
Should you buy Cardano (ADA)?
The answer is yes. Cardano (ADA) is a promising blockchain project that has seen immense growth over the last few months. It’s been attracting a lot of developers too and based on its fundamentals, it's expected to be a huge project in the future.
So, for investors who want a decent coin to buy and hold for a bit longer, then this is the perfect time to get in on Cardano (ADA).
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/198124.html
相关文章
Thailand SEC goes after cryptocurrency exchange Zipmex amid buyout
Cardano (ADA) is rebounding from sixZimpex is in the process of being acquired by V Ventures.The Thailand SEC is probing the exchange fo...
阅读更多
Swiss Bank Cité Gestion hires digital assets firm Taurus to tokenize its shares
Cardano (ADA) is rebounding from sixCité Gestion is the first bank to tokenize its own shares.The bank has partnered with digital...
阅读更多
Ukraine receives donation of $5 million worth of ETH from creator Vitalik Buterin
Cardano (ADA) is rebounding from sixThe conflict between Ukraine and Russia is still in full swing after more than a month. From the sta...
阅读更多
热门文章
- Meet Mugatu: A steerable bipedal robot with a single motor
- Market analyst says SEC "just starting" its war on crypto
- Space Agent Traveler AI
- Gala (GALA) reverses the downward trend after weeks of free fall
- ETH Zurich team crafts lighter, robust artificial muscles
- Premier League partners digital trading cards firm Sorare
最新文章
Orca is up 27% today and counting: here’s where to buy Orca now
Russian official proposes making crypto mining legal activity
Here is why Vulcan Forged (PYR) price is skyrocketing
MakerDAO announces a $5M legal defense fund
ICP is expected to go next after falling below current lows
Litecoin vs Bitcoin Cash – Which is the better buy?