Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13285
Markets: 101961
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
America's Social Casino

Market Cap
24h Vol
13285
Cryptocurrencies
62.63%
Bitcoin Share
coinpedia 2025-05-23 07:51:38

Cardano News Today: Will ADA Price Close the Monthly Trade Above $0.8?

Cardano News Today: Will ADA Price Close the Monthly Trade Above $0.8?

The post Cardano News Today: Will ADA Price Close the Monthly Trade Above $0.8? appeared first on Coinpedia Fintech News As the markets gain strength, Cardano’s price maintains a healthy ascending trend after rebounding from the local lows around $0.6. This surge has been primarily driven by the ADA/JPY pair, ranking second globally by volume in the last 24 hours, which suggests Japanese investors are fueling the ADA price rally. With this, the token has reached a crucial juncture, breaking which, the token is believed to reach the liquidity range above $1. With the growing price range, the whales also seem to have become more optimistic. The on-chain data suggests the high-net-worth addresses are constantly opening long positions, hinting towards a short-term bullish price action for the token. Such trades indicate smart money entering the space, aiming for a potential breakout above $1. A similar accumulation also fueled the breakout from the consolidated range below $0.4, and hence, the current whale activity is expected to elevate the levels beyond $1.2. Moreover, the technicals also seem to be in line with the growing bullish sentiments. The ADA price has been working hard to breach above the upper resistance of the channel over the past week. However, the current trade setup suggests a breakout could be inevitable. Although the ADA price still remains stuck within a descending parallel channel, signifying the bears holding dominance over the token. The weekly MACD is about to undergo a bullish crossover, while the 50/200-day weekly MA is heading towards a bullish crossover. Moreover, the past weekly candle faced a rejection from the resistance, but the current weekly candle shows a rebound back to the range. The current market sentiments are coiling up, and hence, the Cardano (ADA) price is expected to receive a significant bullish push. Hence, the price is expected to break above $0.85 and close the monthly trade on a bullish note, paving the way to the $1 milestone.

Most Read News

Moralis Money
Market Cap
24h Vol
62.63%
Bitcoin Share
515
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.