Cardano network activity and ADA’s oversold price action hint at a powerful breakout
On-chain growth, a surge in DeFi use and positive technical outlook could back a breakout in ADA price. Go to Source Powered by WPeMatico
Cardano Analysis
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Sell the news? ADA price drops 10% following Cardano’s long-awaited smart contracts rollout
The so-called “Alonzo” upgrade did little in protecting Cardano from falling in tandem with the rest of the cryptocurrency market, though bullish technical factors remain. Go to Source Powered by WPeMatico
Cardano chart painting a bull flag for $3 ADA price ahead of ERC-20 converter launch
The classic technical pattern points to a 20% price rally in the Cardano market, with its profit target sitting above $3. Go to Source Powered by WPeMatico
Cardano price eyes $3, but ADA chart fractal hints at a potential 40% correction
The ADA/USD exchange rate has moved further into its “overbought” area, suggesting that a trend correction might follow suit. Go to Source Powered by WPeMatico
Cardano risks 60%-90% drop, warns trader with ADA painting a classic bearish pattern
Spotted by veteran analyst Peter Brandt, the classic technical pattern can result in ADA price losing almost 90%. Go to Source Powered by WPeMatico
