• 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
  • Free SpinsTry
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
  • Free SpinsTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan
Cardano (ADA)

Cardano (ADA) Still In A Slump This Week – Can It Hit $1.45?

Christian Encila by Christian Encila
12 months ago
in Cardano, Crypto, Events, Technical analysis
Reading Time: 2 mins read
Advertisement

Cardano (ADA) is presently trading at USD1.077, according to market indicators Thursday, which shows the crypto may be nearing the conclusion of its slump.

The seventh-largest cryptocurrency by market cap is experiencing a bearish algorithm throughout February, leading up to its current market price.

As of Thursday’s trading, the psychological level of support at $1.00 continues to be crucial for ADA.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

A daily near contact below this level would indicate the continuation of the recurrent downturn, with targets as low as $0.91 and $0.82 emerging from its systematic review.

Cardano (ADA): Shooting For $1.45

According to analysts, if the crypto can defy the trend and break over the $1.25 resistance level, it may climb to at least $1.45 before seeing a spike in bullish short interest.

ADA/USD trading indicators show a somewhat bearish curve, which underscores a lack of substantial positive market activity.

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

The so-called Daily Pivot Point intraday queries are at $1.10 and according to research, it will act as a support level and is highly likely to send prices down between $0.99 and $1.03.

ADA total market cap at $35.665 billion in the daily chart | Source: TradingView.com

Protests & Recent Price Slump

In an another development Monday, Canadian Prime Minister Justin Trudeau has put into effect the country’s first Emergencies Act.

The law allows the government to freeze bank accounts supporting the week-long protest against Canada’s vaccine mandate.

Dubbed “Freedom Convoy,” the movement is a series of continuous rallies and blockades in Canada opposing restrictions on vaccines.

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) is currently investigating the flow of crypto in the country.

The Canadian police have issued an order blacklisting several cryptocurrency wallets associated with the Freedom Convoy.

According to reports, the list has 34 bitcoin wallets with a combined value of nearly $1.4 million.

Related Reading | Cardano (ADA) Price Touches $1.20 Aims To Regain Previous Losses

The ongoing protests are considered illegal under the Emergencies Act.

The wallets under the prime minister’s prerogative contained Cardano with estimated transactions between $0 to 1.1 million dollars in cryptoassets.

Reports also disclose that 29 Bitcoin wallets, two Ethereum wallets, two Litecoin and 2 Monero wallets comprise the blacklist.

ADA: Under Pressure

Cardano (ADA) is bearish in its stead, as a result of these developments,

Cardano has been under intense pressure since the beginning of the week, affecting both its assets and investors.

ADA/USD was trading in a descending pattern against both Bitcoin and USD, perhaps leading to another test of Cardano’s lows.

Analysts believe the crypto is retreating 2.5% from its previous price, and it has proven to be one of the most contentious cryptocurrencies in the market to date.

It has a large number of tenacious and patient supporters and investors who think it will break the $10 barrier in the next few years.

Related Reading | New Cardano Milestone Might Be The Push It Needs To Scale $1.50

Featured image from Chillur, chart from TradingView.com
Tags: ADAcanadaCardanocrypto
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Christian Encila

Christian Encila

Freelance writing is Christian's other cup of tea. When not on his computer, he unwinds with a bottle of beer and laughs with his son over cartoons. Other than that, he's just like everybody else who wants to be happy with their life.

Related Posts

fetch ai fet chatgpt

Fetch.AI (FET) Soars 20% In Under 24 Hours As AI Arms Race Hastens

1 day ago
Polkadot

Polkadot (DOT) Gains 6% In One Day As Market Sees Correction

1 day ago
Litecoin

Litecoin (LTC) Tallies Over 12% Increase In Last 7 Seven Days

1 day ago
Cardano ADA price

Cardano Price Faces Make-or-Break Moment, Can Djed Propel ADA?

2 days ago
DOT Price (Polkadot) Prediction

DOT Price (Polkadot) Prediction: Break Above $6.80 Could Spark Fresh Rally

2 days ago
Ethereum Price

Ethereum Price Looks Ready For Another Leg Higher Over $1,700

2 days 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

Monero (XMR) and Dogecoin (DOGE) are Popular Twitter Crypto Recommendations. Here’s Why Savvy Investors Choose Snowfall Protocol (SNW) Instead

February 5, 2023

Price Predictions for Polygon (MATIC), Uniswap (UNI), and Snowfall Protocol (SNW) for 2023 – 2030

February 5, 2023

Fantom And Decentraland Explode As Big Eyes Coin Raises $21M In Presale

February 4, 2023

The Metaverse Represents The Future of Web3: Decentraland (MANA), The Sandbox (SAND), and Snowfall Protocol (SNW) Lead the Way

February 4, 2023

Snowfall Protocol (SNW), Shiba Inu (SHIB), and Cronos (CRO) – The Best Cheap Cryptos to Buy Now

February 4, 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
  • Free Spins

© 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.