Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 12450
Markets: 96130
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
12450
Cryptocurrencies
55.82%
Bitcoin Share
coinpedia 2025-01-13 13:50:40

Cardano Crashes By Over 8% Below Pivotal Support-Here’s What’s Next for the ADA Price Rally

Cardano Crashes By Over 8% Below Pivotal Support-Here’s What’s Next for the ADA Price Rally

The post Cardano Crashes By Over 8% Below Pivotal Support-Here’s What’s Next for the ADA Price Rally appeared first on Coinpedia Fintech News The crypto markets are experiencing an extended bearish action as the bulls remain passive, not necessarily facing exhaustion after the latest rise. The pullback has wiped out the gains incurred in the past couple of days and may create a massive FUD among the market participants. Meanwhile, the technicals suggest the ADA price is currently consolidating but may soon trigger a massive rebound above $1. Now the question arises: whether the Cardano price will be able to sustain above $1? In recent times, it is evident that the ADA price rally has failed to defend the support at $1 and faced a pullback each time it surged above $1. This supports the claim of bears capitulate the rally at these levels and hence, after constantly exerting pressure at this range, they may soon turn weak. This may be when the price breaches the resistance but a notable rise in the volume is also required to do so. Adding icing to the cake, the technicals flash bearish signals that may drag the levels still lower. However, this move may trap the bears as a huge rebound is fast approaching. The weekly price action of ADA appears to be bearish as the token is testing the lower support without enough buying pressure. Secondly, the MACD displays a drop in the selling pressure with the lines about to undergo a bearish crossover. Besides, the RSI failed to surpass the upper threshold, resulting in the levels dropping below 70. At this point, if the bulls manage to hold the support, then the bull flag pattern could be in play, which may initiate a strong rise to the resistance. Otherwise, a failure could force the price to test the lower support close to $0.7, exhausting all the selling pressure. Therefore, the ADA price may then trigger a strong rebound, while the bulls may try hard to maintain a healthy ascending trend later. This could delay the token to reach $1, which may further differ the possibility of marking a new ATH in 2025. Hence, the upcoming week could be pretty important for the Cardano (ADA) price rally, as a weekly close within the range may revive the bullish possibilities.

Most Read News



Cryptohopper
hardware wallets, hardware , wallets, Crypto Currency, Cryptocurrency hardware wallets, Crypto Apparal, crypto wallet, Cryptocurrency wallets

Market Cap
24h Vol
55.82%
Bitcoin Share
546
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.