A widely followed crypto analyst is identifying the downside price target for smart contract platform Cardano (ADA) if it undergoes another correction. In a new video update, crypto strategist Benjamin Cowen tells his 849,000 YouTube subscribers that if the Federal Reserve doesn't bring back quantitative easing (QE), then ADA could continue to slip.

The price of Cardano (ADA) has joined the so-called Santa rally, a trend that is amusing investors after a very volatile week. Earlier, the price of the coin dropped to a 4-week low of $0.7659 and entering a short period of consolidation afterward.

The year 2024 marked a historic milestone for the cryptocurrency ecosystem. It witnessed the approval of the first Bitcoin and Ethereum exchange-traded funds (ETFs), signaling a seismic shift in institutional adoption.

ADA, the native token of the Cardano blockchain, appears to be struggling amid ongoing market uncertainty. Adding to the concerns, a recent update regarding Cardano's token unlock has sparked fear among traders and investors about a potential price dip.

Cardano (ADA), the ninth-largest cryptocurrency by market capitalization, has recorded significant profit margins in its holding addresses. Despite ADA's price dipping below the $1 mark, this positive development is occurring.

Some of the coins have come back to the green zone, according to CoinMarketCap.

What happens when two blockchain giants team up? Imagine Cardano and Ripple joining forces to shake up the crypto world.

Cardano (ADA) is currently navigating through turbulent market waters, testing the crucial $0.88 support level amid a landscape of mixed market signals. As of now, ADA is trading at $0.8811, marking a 1.12% decline in the last 24 hours.

A key figure in the cryptocurrency sector is out on a mission to push for a bipartisan crypto policy that would redefine the regulations governing digital assets. Cardano founder Charles Hoskinson will talk with Senator John Fetterman and other Democratic senators to lobby the crafting and establishment of policies that match the circumstances surrounding cryptocurrencies.

Charles Hoskinson, the founder of Cardano, drew comparisons between his blockchain project and two of the most prominent names in the cryptocurrency space: Bitcoin and XRP. Despite their differences, Hoskinson believes that there are key similarities that link the three Layer 1 blockchain networks, particularly when it comes to their potential for long-term success.

ADA's price remains at a critical juncture, testing key support with mixed market signals.

ADA, the native token of the Cardano blockchain, is poised to break its silence after remaining in a downtrend for the past three weeks. The potential reasons behind this bullish outlook include the current market sentiment and the positive price action that ADA has displayed in recent days.

The Cardano (ADA) price is holding above its 50DMA in the low $0.90s on Monday, as the cryptocurrency market attempts the beginnings of a rebound during a holiday-shortened week. The post Will a Santa Rally Save ADA? Cardano Price Needs to Break This Level to Revive Rally appeared first on Cryptonews.

Cardano price has dropped by 20% over the past week, reflecting bearish trends amid Bitcoin trading below $94,000. Analysts suggest ADA's current price patterns mirror those seen in 2020, sparking speculation of a potential $6 price target.

Bitcoin remains under pressure, but the bulls are expected to defend the $90,000 support.

Argentina, recognized for its vast lithium reserves, is embarking on an innovative path in the mining sector through the tokenization of lithium on the Cardano blockchain. This initiative aims to transform the mining industry by introducing greater transparency, efficiency, and accessibility for investors and stakeholders.

According to on-chain data, Cardano (ADA) is facing a significant challenge on its path to reclaiming the $1 mark, with a sell wall in its path. This sell wall, representing a substantial cluster of 4.3 billion ADA, could act as a key barrier for the cryptocurrency's price recovery past $1.

On-chain data shows a decline in network activity, with active addresses falling from 51,000 to 32,700, signaling reduced user engagement and bearish sentiment.

In a livestream on December 21, titled “Partnerships,” Cardano founder Charles Hoskinson addressed lingering questions about the relationship between Input Output (IO) and the Cardano Foundation (CF), while also offering broader insights into the ecosystem's path forward.

TL;DR Cardano (ADA) has recently experienced a significant correction, mirroring patterns observed during its 2020 bull cycle, with analysts optimistic about its future trajectory. Prominent analysts predict that ADA could surge to $6, reflecting a potential 560% increase from its current valuation, with key technical indicators showing bullish signals.

Cardano's Charles Hoskinson is cozying up to Ripple Labs in a likely push for partnership.

Cardano encountered significant selling pressure following a notable rejection at the $1.3 resistance region, resulting in a sharp decline. However, the price has now reached a critical support level, suggesting the potential for a bullish consolidation phase in the mid-term.

Cardano founder Charles Hoskinson says he wants to help the United States establish a crypto-friendly regulatory regime once President-elect Donald Trump

Cardano (ADA) experienced extremely low volatility on Sunday as the market stabilized after a rough week. ADA saw a significant 15% drop in value over the past seven days.

Cardano (ADA) is facing increasing bearish momentum, with its price nearing a critical support level at $0.8119. This potential retest signals a pivotal moment for the cryptocurrency as market conditions turn unfavorable.

Cardano's (ADA) price has decreased by roughly 18% in the last seven days, aligning with the broader market condition after a period of consistent upswing. But besides the price, Cardano network activity has also felt the heat.

Cardano sees sustained bearish outlook after dropping by 8.77% on daily charts. However, an analyst sees ADA potential rally to $6.

Cardano's Hydra boosts ADA past $1, positioning it as a scalable dApp hub and a potential challenger to Ethereum's dominance. #partnercontent

Charles Hoskinson, the outspoken founder of Cardano, is taking his fight for crypto to Capitol Hill, just as he promised. The billionaire blockchain visionary plans to meet Democratic Senators, including Pennsylvania's John Fetterman, to probably push a bipartisan agenda for the crypto industry.

On December 22, 2024, Charles Hoskinson, co-creator of Cardano, addressed the blockchain community in a candid and detailed livestream. Broadcasting from Colorado, Hoskinson shared insights about Cardano's governance, partnerships, and technological advancements while reflecting on the challenges and successes of the year.

Cardano (ADA) is flashing familiar signals, with its current price action mirroring an earlier bull cycle that led to massive gains.

Cardano (ADA) has recently caught the attention of investors and analysts alike. Following a significant drop of 8.77% on daily charts, Cardano's market outlook appears bearish.

Cardano (ADA), the ninth largest cryptocurrency by market cap, has been capturing attention recently with its price movements. According to Ali, a crypto analyst, Cardano is following a pattern that is eerily similar to its prior cycle.

ADA has struggled in the past week quite a bit, but there's some positivity in that.

XRP has its critics, mainly due to Ripple's centralized control. If you're seeking alternatives with big growth potential, here are three coins to watch.

The current Cardano price slump to the $0.79 level has caused the savvy ADA whales to shift to an emerging investment opportunity called the DTX Exchange. While $1 is acting as a strong resistance to the Cardano price, the investors are looking for better investment options in this bull run.

Yesterday's recovery was short-lived.

Today, December 22, 2024, the overall cryptocurrency market is struggling, while Cardano (ADA) is poised for a notable price decline after forming a bearish price action pattern. Amid this mild bearish market sentiment, traders and investors appear hesitant to participate in the altcoin, according to the on-chain analytics firm Coinglass.

The project will tokenize lithium property rights, enabling investors to trade fractional shares of the mineral without physical ownership.

On-chain metrics revealed that exchanges had experienced an outflow of $150.89 million worth of ADA.

Cardano (ADA), the native cryptocurrency of the Cardano blockchain, has been making headlines despite a recent decline in its price. Although the altcoin has experienced a significant drop of more than 30% in the past 48 hours, rising interest from long-term holders and increased participation from traders suggest that a price rebound may be on the horizon.

The crypto markets are coping with the recent crash, with the Bitcoin price rising above $98,000, and they are aiming to reclaim $100K over the weekend. In the meantime, the third-generation token Cardano remains sure of a consolidated ascending trend regardless of growing bearish influence.

Bitcoin rebounds toward $100K, boosting top altcoins BNB, ADA, and AVAX. Key levels to watch as technical setups hint at sharp moves ahead.

The larger cryptocurrency market fell sharply on Friday, owing to a mix of macroeconomic factors and investor sentiment. The sell-off resulted in $1.42 billion in liquidations across various assets.

Cardano price drops 7% as MVRV ratio hits -15% Historical opportunity zone between -13% and -26% suggests reversal potential Critical $0.87 support level key for maintaining bullish outlook

The latest crypto market crash has hit Cardano (ADA) hard, but the worst might already be over, and bulls will be hoping that the cryptocurrency is still headed for a positive start to 2025. The post Crypto Crash Hits Cardano Hard – Can ADA Hold $1 and Start 2025 Strong? appeared first on Cryptonews.

In a livestream broadcast on December 19, 2024, Cardano founder Charles Hoskinson delivered new remarks on the conflict with the Cardano Foundation, structural complications, and strategic priorities moving into 2025.