您现在的位置是:Cardano’s (ADA) Price Pushes Towards $1 >>正文
Cardano’s (ADA) Price Pushes Towards $1
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛14人已围观
简介Cardano (ADA) is slowly inching towards the $1 price point, as well as its previous all-time high le...
Cardano (ADA) is slowly inching towards the $1 price point, as well as its previous all-time high level of $1.23
Fundamentals and past price performance
Cardano has spent the majority of 2021 (ever since 2 January) trading upwards, with the uptrend picking up the pace in early February. The cryptocurrency has recently attempted to conquer the $1 price point, but failed. This reached a pullback that has sent ADA back to $0.686. However, Cardano is back and looking to conquer $1 once again.
Cardano’s fundamentals are currently amazing, with all the focus on smart contracts and transferability between Ethereum’s DeFi and the Cardano blockchain. On top of that, the Cardano network has increased exponentially in 2021, as Pieter Nierop pointed out on twitter:
BOOM !
8000+ NEW WALLETS
BOOM BOOM !!
6000+ NEW DELEGATIONS
BOOM BOOM BOOOOOM !!!
INSANE 540.000.000 EXTRA #ADA IN STAKING#Cardano pic.twitter.com/ec3aoqO19n
— Pieter Nierop (@nierop_pieter) February 16, 2021
Taking a look at its weekly performance, ADA has posted gains of 5.08%, falling behind both BTC’s gain of 14.95% and ETH’s 9.68% gain.
At the time of writing, ADA is trading for $0.945, which represents a 173.04% gain when compared to its previous month’s value. Cardano is currently the fourth-largest cryptocurrency by market cap, boasting a value of $29.42 billion.
ADA/USD daily chart price performance
Taking a look at the daily chart, Cardano’s price movement has changed direction to bullish once again on 15 February, after its price dropped to as low as $0.686. ADA quickly gained back its lost value (after finding support in the 21-day EMA and the 38.2% Fib retracement level of $0.67) and pushed back towards the $1 mark.
Cardano’s biggest hurdle towards the upside at the moment is the zone between $0.982 and $1. On the other hand, its nearest support is sitting at just under the $0.9 mark.
The technical overview shows Cardano’s daily RSI being deep into the overbought area, with its value currently sitting at 80.16.
ADA/USD hourly chart price performance
Zooming in to the hourly timeframe we can see that Cardano has established its presence above the 23.6% Fib retracement level of $0.790, and pushed towards the upside slowly and without any bursts of volume. This steady attempt of price increases is the healthiest, and has the most chances of succeeding.
While ADA will surely conquer the $1 mark eventually, it is still unsure whether the cryptocurrency can break the $0.982 level right now.
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/2652.html
相关文章
Best coins to buy in the dip
Cardano’s (ADA) Price Pushes Towards $1Cryptocurrencies have had a tough performance in 2022 as concerns about the tightening monetary cond...
阅读更多
Ariana Grande Embraces Serial Monogamy on Single “Thank U, Next”
Cardano’s (ADA) Price Pushes Towards $1In the two-and-a-half short months since Ariana Grande released her fourth album, Sweetener, the pop...
阅读更多
Doja Cat Drops ‘Scarlet’ Track ‘Demons,’ Video with Christina Ricci
Cardano’s (ADA) Price Pushes Towards $1Doja Cat is embracing her demons for the third pre-release track from her fourth studio album, Scarl...
阅读更多
热门文章
- BTC price breaks after turbulent few days
- Researchers' 3D
- UMA Protocol price up 13% as bulls aim at $18 high on Coinbase Pro trading launch
- Anchor Protocol price prediction as Terra and USTC spikes
- P2P Trade Activity Tumbles with Only One Region Posting an Increase in Trade Volume
- WisdomTree, Invesco join BlackRock in spot Bitcoin ETF frenzy, AltSignals hits $1M milestone
最新文章
Cake DeFi announces Earn for crypto, offering up to 10% APY
Bitcoin could hit $500k within the next decade, says Michael Saylor
Prosper price prediction: Here’s why PROS is surging
KAVA price spikes as USDT prepares to launch on Kava blockchain
A NEOM subsidiary partners up with 2 tech giants to accelerate AI technology
NASA considers 14 futuristic space concepts, including a hybrid boat