Cardano (ADA) has been a focal point of the crypto market's volatility, experiencing sharp price swings over the past week, particularly during the weekend. In just a few days, ADA has dropped over 18%, leading to growing fear and uncertainty among investors.
Bitcoin is consolidating between $100,000 and $109,588, and charts currently indicate a higher chance of an upside breakout.
Positive price action in the past 24 hours has seen Cardano (ADA) rebounding upwards alongside the rest of the crypto market. The entire market is up by 4.3% in the past 24 hours, a trend that has seen the Cardano price also breaking above the $1 mark again.
The Cardano (ADA) network has seen significant growth in its activity, which recently saw it top the 50,000 daily active addresses mark at a time in which the price of the cryptocurrency has been enduring a significant downturn.
Cardano (ADA) saw a slight recovery in today's session, returning to $1 after slipping below it in previous sessions.
This analysis examines the 4-hour charts of ADA and XRP, focusing on Elliott Wave structures, Fibonacci levels, and potential scenarios. Key resistance and support levels are emphasized for future price movement predictions.
Charles Hoskinson, Cardano cofounder, has pledged to support Ross Ulbricht, founder of the Silk Road marketplace. Hoskinson's promise of support comes after the presidential pardon of Ulbricht, who has been serving a double life sentence plus 40 years in U.S. federal prison.
Cardano (ADA) has struggled to maintain the bullish momentum it experienced in recent weeks, with its price still trailing approximately 67% below its all-time high of $3.09, reached during the 2021 bull run. Despite this significant gap, analysts believe that the potential for a robust price recovery exists in the coming weeks and months ahead of the new year.
Cardano's recent sideways price action has led to a surge in demand for short positions among futures traders.
Cardano (ADA) price trends have been volatile recently, hovering just below the $1 mark. With a recent resurge in BTC, which rallied above $105k, igniting a broader cryptocurrency market rebound.
This move is set to shake things up in the crypto space. It will create new possibilities for Cardano users and Bitcoin holders alike.
Cardano network growth is on the rise with daily active addresses reaching 50,828 while ADA token briefly claimed $1 and then dropped to 98 cents later.
Chainlink (LINK) has experienced a significant surge in its price, which analysts are attributing to the additional acquisition of World Liberty Financial (WLFI) and the rumors of a brewing partnership with Cardano. Related Reading: Trader's Hot Take: XRP Branded The ‘Biggest Meme Coin' In Crypto Chainlink could be off to a good start as the crypto token was able to pull off a big run that propelled the coin from its lowest level to reach over $26 per coin.
Solana (SOL) and Cardano (ADA) are two of the leading smart contract layer-one blockchains in crypto, supported by passionate communities. With that, Finbold decided to ask an artificial intelligence (AI) whether SOL or ADA make a better buy for 2025.
Cardano (ADA), the popular blockchain platform known for its innovative approach to cryptocurrency, is gaining renewed attention in the market, with predictions from seasoned analysts signaling the potential for a major bull run. Veteran trader and chart analyst Peter Brandt has recently voiced his belief that ADA has bottomed out and is on the cusp of a significant rally, driven by strong market indicators and an anticipated altcoin season.
Hedera (HBAR) joined Cardano (ADA) as an underperformer, declining 2.4%.
The rates of most of the coins are falling today, according to CoinStats.
As one of the large-cap crypto assets with a lot of followers, Cardano has been one to watch during the recent bull market. However, there might be much more upside for ADA in the coming months.
The cryptocurrency market has been on an impressive run lately, and Cardano (ADA) has not been left behind. While it hasn't yet reached new all-time highs, the recent performance of ADA has caught the attention of traders and analysts alike.
Cardano (ADA) price has surged 20% in the last seven days, reclaiming levels above $1 and solidifying its position as the 9th largest crypto by market cap. Despite this strong performance, ADA's trend strength appears to be weakening, as indicated by a declining ADX.
Cardano (ADA) has recently experienced a notable rally, pushing its price higher and drawing attention from both retail investors and large holders. As the price of ADA increased, realized profits among its holders surged, especially for those who have been holding for longer periods.
Bitcoin retracts sharply from its all-time high and the sell-off in Official Trump has a resounding negative impact on most altcoins.
CoinGecko has launched a new category of cryptocurrencies dubbed “Made in USA” ahead of the US Inauguration Day. The announcement, made on January 20 via a post on X, is seemingly its latest initiative to spotlight US-affiliated crypto projects as Donald Trump begins his second term as US President.
Chainlink price continued its uptrend, reaching its highest level since Dec. 18 after Donald Trump's World Liberty Financial bought more coins and exchange balances declined. Chainlink (LINK) rose to $26.
Cardano (ADA), a popular token of the synonymous blockchain, has earned a place on a newly created list of "Made in America" digital assets by CoinMarketCap. This category of tokens reflects the cryptocurrencies that have their roots in the United States of America, are headquartered there and have founders of American origin.
Cardano price has moved sideways this month even as its top competitors, like Bitcoin and Solana jumped to a record high. Nonetheless, ADA has multiple catalysts that could see it blow past its all-time high and surge to as high as $7.
These coins are worth monitoring for potential breakout opportunities. As market conditions evolve, Fibonacci levels, Elliott Wave structures, and RSI readings align, making them key candidates for continued momentum ahead.
Cardano (ADA) has recently shown signs of bullish momentum, with its breakout above the $1.065 resistance level fueling optimism. At the time of writing, ADA is trading at $1.07, reflecting a slight 0.05% increase.
Cardano (ADA) has recently experienced a significant 43% price correction, leading some analysts to predict that the altcoin could be on the brink of another major price surge. Historical patterns suggest that ADA often follows sharp corrections with substantial upward momentum, making a potential breakout in the near future increasingly likely.
Cardano price started a fresh decline below the $1.050 zone. ADA is consolidating and might struggle to start a fresh increase above the $1.0250 level.
A closely followed crypto analyst thinks that huge upside bursts are in the cards for Chainlink (LINK) and Cardano (ADA).
Cardano's price has witnessed a notable rally over the past few days. As ADA's realized profits steadily rise, many large holders, or “whales,” have been prompted to sell off their coins to lock in gains.
Altcoin is getting good support from its robust fundamentals and rising engagement.
Crypto assets flipped green last week, with huge inflows recorded across retail and institutional markets. The resurgence in whale numbers and macro factors sparked bullish interest amid rising projections.
Cardano's ADA traded fairly flat on Sunday, hovering around the $1 mark, extending its week-long consolidation.
The first three months of 2025 are shaping to be monumental for the cryptocurrency market, with regulatory and political dynamics likely to play a significant role.
Charles Hoskinson, the founder of Cardano, has shared his top priorities for the network this year.
Cardano (ADA), the native governance token of the proof-of-stake layer-1 network of the same name, recently lept back above the $1 threshold – indicating robust buying momentum. Like other major cryptocurrencies, ADA has enjoyed the latest Trump-spurred upsurge, largely due to its parent company, Input Output Global (IOG) being a U.S.-based organization.
"Cardano flipping Solana is possible, but not guaranteed," the AI-powered chatbot stated.
Charles Hoskinson, the founder of Cardano, has outlined some of the key themes for the project in his recent social media post.
The Cardano price is targeting a bullish breakout to $6 after experiencing a bounce from its initial 43% downturn. While other cryptocurrencies like XRP and Bitcoin (BTC) recorded massive gains in this bull market, Cardano (ADA) maintained a relatively muted price last year, experiencing significant volatility.
Cardano (ADA), a popular proof-of-stake (PoS) blockchain, is at a crossroads in the process of developing a decentralized governance system. Input Output Global (IOG), the main firm behind Cardano, confirmed that it will be supporting the Plomin hard fork on the mainnet as of January 18, 2025.
Cardano (ADA) has recently caught the attention of cryptocurrency traders, with a significant breakout that signals the potential for a continued rally. After breaking out of a bullish flag pattern, ADA has been making notable gains, with some analysts forecasting a rise to $1.40, a key psychological resistance level.
Terra Luna Classic price retreated on Saturday, joining other crypto projects as focus remained on the Official Trump meme coin whose market cap surged to over $6 billion. The LUNC token dropped to a low of $0.0000096, down by almost 50% from its highest level in December last year.
The Terra Luna Classic ecosystem may soon count Cardano as one of its partners, judging by the leading post from Charles Hoskinson on X. The Cardano founder said he is open to discussing how both protocols can collaborate.
Cardano is consolidating within a critical price range, with the recent action suggesting buyers' determination to overcome the $1.3 resistance threshold. However, the movements at this juncture are pivotal in shaping ADA's next market trend.
The famous trader and technical analyst Peter Brandt claims that Cardano (ADA) has hit its lowest point and is about to enter a major bullish phase. This analysis comes as the cryptocurrency has remained above the symbolic threshold of 1 dollar for the first time in nearly two years.