Wednesday, May 25, 2022
Crypto News
Advertisement
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos
No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos
No Result
View All Result
Crypto News
No Result
View All Result
Home Cardano

Cardano teeters towards $1.50 as buyers avoid ADA

by Crypto News
November 5, 2021
in Cardano
0
Cardano establishes EMURGO Africa as ADA price contemplates 17% breakout
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


  • Cardano worth continues to depreciate towards its friends, discovering little reprieve.
  • Dismal buying and selling circumstances more likely to persist.
  • Cardano is on observe to shut its tenth consecutive weekly shut under its weekly open.

Cardano worth has been a pacesetter of the highest market cap cryptocurrencies in a single variable and one variable alone: size of consecutive weekly losses. Regardless of prime circumstances for capitalizing on main oversold ranges, patrons steer clear of Cardano.

Cardano worth fails to entice even speculative lengthy merchants regardless of robust oversold readings

Cardano worth motion could be very attention-grabbing from a technical evaluation perspective. One of the peculiar behaviors that Cardano has exhibited is the character of its Optex Bands. Cardano is singular amongst its peers and the cryptocurrency area for the way lengthy it has spent buying and selling at excessive lows within the Optex Bands. When cryptocurrencies enter the intense oversold ranges within the Optex Bands, they practically at all times bounce out of that zone. Cardano is the other – it’s caught on the excessive lows and has been for nearly two months.

One other vital oversold stage for Cardano worth is the Composite Index studying on the weekly chart. The present Composite Index worth of -11.2 is the second-lowest studying on Cardano’s weekly chart in its total historical past! Nevertheless, the hidden bullish divergence could be very attention-grabbing with the Composite Index worth and the candlestick chart. Hidden bullish divergence happens when an oscillator prints a decrease low and the candlestick chart prints a better low – it’s a warning {that a} continuation of the prior uptrend is imminent.

ADA/USD Weekly Ichimoku Chart

Failure to carry $1.90 as help would possible invalidate any anticipated upside potential. In that occasion, the $1.50 stage is the following possible help zone.

 



Source link

Related articles

Can Mehracki (MKI) Compete with Top 10 Coins Like Solana (SOL) and Cardano (ADA)?

Can Mehracki (MKI) Compete with Top 10 Coins Like Solana (SOL) and Cardano (ADA)?

May 25, 2022
How to Research Stablecoins | USDC, USDT, BUSD, PAXOS

How to Research Stablecoins | USDC, USDT, BUSD, PAXOS

May 25, 2022
Share76Tweet47

Related Posts

Can Mehracki (MKI) Compete with Top 10 Coins Like Solana (SOL) and Cardano (ADA)?

Can Mehracki (MKI) Compete with Top 10 Coins Like Solana (SOL) and Cardano (ADA)?

by Crypto News
May 25, 2022
0

On this weblog put up, we'll take a better have a look at MKI and the way it compares...

How to Research Stablecoins | USDC, USDT, BUSD, PAXOS

How to Research Stablecoins | USDC, USDT, BUSD, PAXOS

by Crypto News
May 25, 2022
0

By Robin Schmidt Might 24, 2022 DeFi Movies Within the half 1 of two collection on easy methods to...

OpenSea Drops New Marketplace Protocol for NFTs

OpenSea Drops New Marketplace Protocol for NFTs

by Crypto News
May 24, 2022
0

NFT builders simply bought a brand new device to construct with because the bear market rages on.OpenSea, the main...

Ethereum vs Cardano: Which one should you buy?

Ethereum vs Cardano: Which one should you buy?

by Crypto News
May 24, 2022
0

Those who observe the cryptocurrency world have in all probability heard of the Cardano vs Ethereum debate. Cardano (ADA)...

Cardano, Polkadot saw baffling inflows while AuM touched its toes

Cardano, Polkadot saw baffling inflows while AuM touched its toes

by Crypto News
May 24, 2022
0

Cryptocurrencies nonetheless stay weak in gentle of the immense bloodshed after the dramatic crash of the stablecoin TerraUSD. This sudden...

Load More
  • Trending
  • Comments
  • Latest
6 Altcoins to Buy As Crypto Bull Market Gets Crazier: Banking Veteran

6 Altcoins to Buy As Crypto Bull Market Gets Crazier: Banking Veteran

November 7, 2021
Tesla To Accept Shiba Inu Coin and will hit $0.1 in 2021!!

Tesla To Accept Shiba Inu Coin and will hit $0.1 in 2021!!

November 1, 2021
Bitcoin Mining Noise Drives Neighbors Nuts—a Giant Dentist Drill That Won’t Stop

Bitcoin Mining Noise Drives Neighbors Nuts—a Giant Dentist Drill That Won’t Stop

November 12, 2021
First bitcoin. Then GameStop. Now tiny tungsten cubes

First bitcoin. Then GameStop. Now tiny tungsten cubes

October 29, 2021
5 Hotels Accepting Cryptocurrency as a Payment Method

5 Hotels Accepting Cryptocurrency as a Payment Method

0
Top cryptocurrency prices today: Bitcoin, Dogecoin, Ethereum gain up to 5%

Top cryptocurrency prices today: Bitcoin, Dogecoin, Ethereum gain up to 5%

0
Four Emerging Altcoins Soar 101% or More Within Seven Days As Crypto Markets Ignite

Four Emerging Altcoins Soar 101% or More Within Seven Days As Crypto Markets Ignite

0
ADA Price Prediction: Cardano Sits and Waits

ADA Price Prediction: Cardano Sits and Waits

0
Cloudflare Seeks Ethereum Validator Status, a16z Reports Ethereum Is Still the Dominant Altcoin

Cloudflare Seeks Ethereum Validator Status, a16z Reports Ethereum Is Still the Dominant Altcoin

May 25, 2022
Can Mehracki (MKI) Compete with Top 10 Coins Like Solana (SOL) and Cardano (ADA)?

Can Mehracki (MKI) Compete with Top 10 Coins Like Solana (SOL) and Cardano (ADA)?

May 25, 2022
Bitcoin Dormant at $30K While Ethereum Classic (ETC) Pumps 10%: Market Watch

Bitcoin Dormant at $30K While Ethereum Classic (ETC) Pumps 10%: Market Watch

May 25, 2022

Day One of BSV Global Blockchain Convention in Dubai

May 25, 2022

Recent News

Cloudflare Seeks Ethereum Validator Status, a16z Reports Ethereum Is Still the Dominant Altcoin

Cloudflare Seeks Ethereum Validator Status, a16z Reports Ethereum Is Still the Dominant Altcoin

May 25, 2022
Can Mehracki (MKI) Compete with Top 10 Coins Like Solana (SOL) and Cardano (ADA)?

Can Mehracki (MKI) Compete with Top 10 Coins Like Solana (SOL) and Cardano (ADA)?

May 25, 2022

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cardano
  • Cryptocurrency
  • Ethereum
  • Ripple
  • Videos

Bitcoin Currency Converter

Cryptocurrency Prices by Coinlib
  • Privacy & Policy
  • About Us
  • Contact Us

© 2021 Copyright Crypto News

No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos

© 2021 Copyright Crypto News