ADA turned bearish this week as sellers took over the price action. Key Support levels: $0.73, $0.65 Key Resistance levels: $0.90 1.
The blockchain ecosystem could soon witness an unexpected collaboration between Cardano (ADA) and Ripple (XRP).
Recently, Cardano (ADA) experienced a notable sell-off by large holders, often referred to as whales, dumping 330 million ADA tokens on exchanges during a sharp market decline. Typically, such a massive sell-off could have triggered a significant decline in price.
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Cardano (ADA) fell 10.07% to $0.7364 by 17:57 (22:57 GMT) on the Investing.com Index, marking its biggest one-day loss since February 2. The decline pushed Cardanos market cap down to $25.82 billion, representing 0.81% of the total cryptocurrency market.
A crypto analyst has confirmed a recent breakdown of the Cardano price from an Ascending Channel pattern. With key support and resistance levels now in focus, the analyst has outlined two scenarios for ADA, projecting where its price could move next.
ADA briefly tanked to as low as $0.60 before rising to the current $0.75.
Cardano prices soar by 64% as ADA's prices recover from the recent market crash.
The altcoin market has faced significant challenges following a steep drop in Bitcoin's price, falling below the $100,000 mark. This shift came after U.S. President Donald Trump introduced new tariffs, including a 25% tax on imports from Mexico and Canada, and a 10% tax on Chinese products.
The price of Cardano (ADA) is showing recovery in line with the general cryptocurrency market, but whale activity is signaling possible volatility in the coming days.
Charles Hoskinson, Cardano (ADA) founder, has dropped a notable hint about what the ecosystem will work on soon. All indications point to integrating artificial intelligence (AI) into the ecosystem.
Cardano's decentralized governance has achieved a significant milestone, with over six billion ADA now delegated to Delegated Representatives (dReps), according to Intersect, a member-based organization for the Cardano ecosystem. This marks a significant step toward a more decentralized and community-driven decision-making process.
During the recent sharp market decline, where whales focused on accumulating assets, Cardano (ADA) remained untouched. Today, February 4, 2024, a prominent crypto expert posted on X (formerly Twitter) that whales have not purchased ADA during the dip. Instead, they have dumped millions of ADA tokens onto exchanges.
In the last 48 hours, Cardano whales have dumped 300 million ADA on the market, causing a stir in the broader cryptocurrency space. The sell-off has caused selling pressure on the market and has impacted the overall price of the coin amid expectations that ADA bulls can help hold up the fort.
Although the crypto market is volatile, the market could see a massive uptrend in the coming months. Ali Martinez forecasts the price of Ethereum (ETH) could pump to $7k. Also, a top analyst called Lucky notes that Cardano (ADA) is among the best DeFi projects in the market.
Charles Hoskinson has intensified chatter that Cardano might add Ripple's stablecoin, RLUSD, to its platform. He mentioned that Cardano's team regularly talks with Ripple's leaders about using RLUSD.
The Cardano price currently boasts a bearish outlook following a recent development in the ADA ecosystem. Crypto analyst Ali Martinez revealed that ADA whales have offloaded a significant amount of coins amid this recent market downtrend, which could lead to massive sell pressure for the crypto.
With the crypto market facing intense bearish pressure, a short breeze of bullish recovery in Cardano hints at a rise to $1. Is the recovery run in Cardano inevitable?
Most of the coins are bouncing off after a sharp drop, according to CoinMarketCap.
Cardano's (ADA) bullish momentum is losing steam as bearish pressure mounts, forcing the price to retreat from the critical $0.8119 level. After a promising attempt to push higher, ADA bulls are now struggling to maintain control, with sellers stepping in to reclaim dominance.
Cardano (ADA) has faced a significant price drop in recent days, falling by 22% over the last four days. While this decline may seem like a setback, it could actually be a positive sign for the cryptocurrency's long-term prospects.
"We talk to David Schwartz and Brad Garlinghouse," Cardano's founder said.
XRP and ADA rebound from trade war-driven losses, forming bullish ascending triangles. XRP eyes a 33% surge to $3.43, while ADA targets a 40% breakout to $1.04.
After a market crackdown by the bears yesterday, the bulls managed to take control of the business overnight. However, top tokens such as Cardano and Ripple have continued recording mixed price action in their daily charts.
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In a statement, Hoskinson said, “The U.S. will be one of the largest (adopters) of crypto. He said: “Our voting, government, payments, ID, and central bank may connect to the blockchain.
The cryptocurrency market has been hit with significant volatility in early February 2025, and Cardano (ADA) is feeling the effects. On February 3, ADA experienced a dramatic price drop of 24%, reaching $0.67.
Cardano price started a fresh decline below the $0.9250 zone. ADA is now correcting losses and struggling to clear the $0.80 resistance.
Cardano's (ADA) price has dropped 30% in a month and roughly 18% in the past two weeks. Its market cap has now fallen to $27 billion, reflecting the broader weakness in altcoins.
Cryptocurrency prices bounced back in the overnight session after Donald Trump paused the sweeping tariffs on Mexico and Canada, removing one of the biggest risks in the market. Bitcoin jumped to over $100,000, while most altcoins jumped by over 10%.
The cryptocurrency market recently faced one of its most significant downturns, and Cardano (ADA) was no exception, experiencing a sharp decline in price. However, despite the broader crypto bloodbath, ADA's transaction volume saw an unexpected and notable increase, which is a fascinating development given the circumstances.
Amid the cryptocurrency market's recovery, ADA, the native token of the Cardano blockchain, has significantly rebounded and is poised for substantial upside momentum. The potential reasoning behind this bullish outlook includes its record 58% intraday price reversal and growing interest from whales, long-term holders, and investors.
From 4 p.m. ET on Friday, Cardano (ADA 0.69%), Polkadot (DOT 0.33%), and Avalanche (AVAX 1.38%) are among the worst performing large-cap cryptocurrencies, losing 39.3%, 33.7%, and 33.1%, respectively, as of 3 p.m.
The altcoin market crashed after Bitcoin fell below $100,000. This happened when Trump introduced new tariffs, including a 25% tax on imports from Canada and Mexico and a 10% tax on Chinese products. This caused threats of retaliation from these countries and upset global markets.
Bitcoin and select altcoins bounced back sharply, indicating solid purchasing demand at lower levels.
On-chain data shows that short sellers are three times stronger than traders holding long positions.
After the massive liquidation event on the cryptocurrency market, which according to several estimates amounted to at least $8 billion, the price of popular cryptocurrency Cardano (ADA) experienced a 37% drop over the last 24 hours, hitting a low not seen since Nov. 10 at $0.506.
A fall below the support level of $0.31 could cause further dips for Cardano.
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Charles Hoskinson, the founder of Cardano (ADA), recently shared details on the possibility of implementing a RLUSD and his discussions with key figures in the crypto space. Hoskinson revealed that negotiations are still ongoing and that progress could be made in March, following the completion of the NYDFS project.
Cryptocurrency analysts of Coinidol.com report, the price of Avalanche (AVAX) is falling below the moving average lines.
Cardano price plunged on Monday in line with the performance of other cryptocurrencies and the $263 million drop of its DeFi assets. So, how low can the ADA coin go in this broad-based crypto sell-off?
BNB has bounced off the crucial $500 support level, sparking speculation about whether this marks the beginning of a bullish resurgence or a temporary relief before another downturn. After facing sustained selling pressure, buyers have stepped in to defend this key level, fueling hopes for a potential recovery.
The broader digital currency ecosystem recorded its worst single-day bloodbath this year, with assets like Cardano (ADA) at the forefront. At the time of writing, the ADA price changed hands for $0.7012, down by 20.53% in the past 24 hours.
The cryptocurrency market has currently drifted into the severe red zone and There's been a significant drop in altcoins, especially with Ethereum, XRP, ADA and others seeing massive liquidations in minutes. A staggering $2 billion worth of liquidations have happened within 24 hours.
Charles Hoskinson, the founder of Cardano (ADA) and CEO of Input Output Global (IOG), delivered a wide‐ranging AMA on February 2, 2025, covering potential partnerships with the Internet Computer Protocol (ICP), Cardano's stablecoin strategies, Bitcoin interoperability, and ongoing initiatives with various countries.
Cardano (ADA) fell 10.01% on Sunday, trading at $0.8312 by 11:58 (16:58 GMT) on the Investing.com Index. This marks its largest single-day drop since December 9, 2024.
Cardano's price has been correcting gradually over the last few months after a significant rally in November. Yet, there are multiple strong support levels available to push the price higher in the coming weeks.