• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
No Result
View All Result
Breaking News: Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan
technical analysis cardano ADA

Cardano’s Development on Track, ADA Revival Could See Prices Rally to 10 Cents

Dalmas Ngetich by Dalmas Ngetich
4 years ago
in Uncategorized
Reading Time: 2 mins read
Advertisement
  • Cardano (ADA) prices are oscillating below 10 cents
  • Shelly is the Reward Era. Cardano is right on track, building towards Voltaire

Shifting from Byron to Shelly, Cardano is firm on their roadmap. Promising to be efficient, the migration of blockchain projects from competing platforms to Cardano will draw demand for ADA. In that case, ADA will likely print higher above 10 cents.

Cardano Price Analysis

Fundamentals

Blockchain is said to be the base of the next revolution. Complementing other developments as machine learning and artificial intelligence, it will mastermind the era of decentralization.

Piquing interest from different players, blockchain, as an equalizing technology, is the focal point of venture capitalist and enterprising retail investors. Of the many projects in existence, Cardano is unique.

Get 30 FREE SPINS at Punt Casino - NO DEPOSIT REQUIRED! Start Playing Now.
No Deposit 40 FREE SPINS at Wild.io on SIGN UP. Wheel of fortune, daily bonuses, 10 BTC in prizes monthly! Start Playing Now!

In development, the platform prioritizes research and peer review. Upon rollout, Hoskinson, who is also an influential figure in the Ethereum Classic development arena, said Cardano will be 100 times more decentralized than Bitcoin.

Achieving this feat, Cardano will be distinctively energy-efficient but community-driven. Working towards this goal, Cardano is now at the Reward Era, following their shift from the Bootstrap Era, that is, Byron.

The Shelly Phase, or the Reward Era, is a vital stage as far as Cardano development is concerned. Migrating from federate nodes to a more decentralized style where network participants can not only stake but run nodes, Cardano would truly adhere to blockchain principles.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

Candlestick Arrangements

Cardano ADA

With decentralization, there are higher chances of ADA listing at Coinbase. Benefiting from the “Coinbase Effect,” prices will likely correct higher. Presently, ADA is relatively stable and oscillating at 6 cents, a critical resistance level.

Imperative, as laid out in previous ADA/USD trade plans, bulls must build enough momentum required for a break above 6 cents. That will not only be a hint of demand and a probable trend continuation, but it would be a morale boost for ADA investors mauled by bears of July.

An uphill task, the stability of prices following last week’s slowdown is bullish. Besides, the fact that this reaction is from the 61.8 percent Fibonacci retracement level from H1 2019 trade range is indicative.

Therefore, while there is a possibility that ADA will edge higher, traders should be cautiously optimistic. Defining bull signals will print once prices conclusively close above 6 cents at the back of high trading volumes.

However, aggressive traders can, nonetheless, load up ADA on every dip with stop limits at 4.8 cents. Targets will be at 10 cents.

Technical Indicators

As a result, the June 26 bull bar is leading this trade plan. Since June highs and 6 cents are significant resistance levels, any break out above these lines should ideally be with high trading volumes surpassing 603 million of June 26.

Chart courtesy of Trading View. Image Courtesy of Shutterstock

Tags: ADACardanoShelly
Tweet123Share262ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Dalmas Ngetich

Dalmas Ngetich

Interested in new Tech

Related Posts

bitcoin price bull

Bitcoin Spiked to $23,960, But Traders Are Not Very Greedy

6 mins ago
Solana

What’s Next For Solana As Bulls Face Rejection At $25?

1 hour ago
Polygon MATIC

Polygon (MATIC) Could Rally To $1.30 If It Breaches This Price Level

2 hours ago
Bitcoin Mining

This Level Could Be Crucial For Bitcoin, PoW Pricing Model Suggests

2 hours ago
cream finance

Cream Finance Exploiter Moving Funds Over 16 Months After Hack, Here’s Why

3 hours ago
Gala Games 2023

Gala Games Plans for Mobile Gaming, GALA To Be The Primary Token

5 hours ago

Premium Partners

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Metaspins

Metaspins

Review · Visit
Trust Dice

Trust Dice

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
Coinplay

Coinplay

Review · Visit
mBit

mBit

Review · Visit
Vave

Vave

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
Coinplay

Coinplay

Review · Visit

“Gold has been the best performing investment asset over the last two decades”: an interview with Easygold

January 30, 2023

The Crypto Dream Team: Binance Coin (BNB), Polygon (MATIC) and Orbeon Protocol (ORBN)

January 30, 2023

Polygon (MATIC) and Fantom (FTM) Are Losing Favor With Investors As They Turn To Snowfall Protocol (SNW) For 1000x Potential Gains!

January 30, 2023

Tezos (XTZ) shares its 12th protocol upgrade, Twitch Co-Founder’s Gaming NFT Marketplace Expands to Polygon (MATIC) Network while Snowfall Protocol (SNW) Breaks Record Highs

January 30, 2023

Snowfall Protocol Investors Happy After the Release of Snowfall DEX, Twitch Co-Founder’s Solana Gaming Platform Fractal Expands to Polygon, And Majority of Dogecoin Holders Are in Profits Despite the Meme Coin Being Down 87% From Its 2021 ATH

January 30, 2023

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.