• 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
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
  • 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
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
NewsBTC
No Result
View All Result
Cardano
Nexo Logo

Cardano (ADA) Regains Some Support But Rate Stuck Below Vital $0.50 Level

Jet Encila by Jet Encila
6 days ago
in Cardano, Cryptocurrency news
Reading Time: 2 mins read
Advertisement

Cardano (ADA) price according to CoinMarketCap registered a jump of 3.96% or $0.5148 as of this writing.   CoinMarketCap hourly chart shows how ADA trades midway slicing in between the support zone of $0.4899 and the $0.5035 resistance level. In addition, ADA’s average transaction value is now 0.

As of press time, the 8th largest coin in terms of market cap is in the gray or neutral area which means the coin is neither bullish nor bearish. TradingView’s daily chart on the ADA/USD price shows that it was able to rebound successfully to $0.4885 on the daily chart.

But, ADA/USD price was not able to revert to the crucial $0.50 point which shows that the bulls are slowing down. If the bulls can’t push the price to the target zone, then the coin could dangerously plunge to $0.48.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!
Related Reading: ADA Up 22% In Last 7 Days; Remains On Track To Test $0.6 Barrier

ADA Transaction Value Sees Uptrend In Past 116 Days

TradingView’s midterm chart on ADA/USD has breached $0.4930. However, if the bulls fail to hold on to this level, the bull run ends right here. This perspective is said to be relevant for August. Currently, ADA trades at $0.5020.

Notably, there is an inconsistency in the daily time frame of 20, 50,100, and 200 because the timeframes are misaligned which could be beneficial for traders. Divergence is spotted midway between the RSI and the price of ADA which hints trend reversal.

Also, the average transaction value of Cardano showed an uptrend in the last 116 days, which is having a growth spurt of around 2332.44 daily.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

3,015 Smart Contracts For Cardano Since August 2

In other news, the Cardano network currently has over 3,015 smart contracts as of August 2. It was only in September 2021 that Cardano rolled out an update on adopting smart contracts to speed up and increase performance. With the Vasil Hard Fork nearing its launch, Plutus Scripts peaked at over 3,000 smart contacts.

With the looming launch of Vasil Hard Fork, Charles Hoskinson, Cardano founder, refuted claims that Vasil Hard Fork can impede the functionality of smart contracts in the network. Hoskinson believes that these fake news were started by trolls whom he calls “stupid” while repeating himself that smart contracts will not be affected and will operate like usual.

Further, Hoskinson gave a confirmation and assurance on August 1 that the Vasil Hard Fork launch will push through and not experience delays as it’s currently going through final tests.

Read our comparison of 50 different crypto casinos. Find out who has most generous bonuses, best UX, knowledgeable customer support and best provably fair games.

More so, Sygnum Bank has also announced that their clients can start staking Cardano and earn rewards from their pools.

Related Reading: Solana Pressured To Register A Breakout – Can The Bulls Lift SOL This Week?

ADA total market cap at $17.25 billion on the daily chart | Source: TradingView.com

Featured image from Changelly, chart from TradingView.com
Tags: ADAADA pricebtcusdCardanoethbtcethusd
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Jet Encila

Jet Encila

Freelance writing is Jet'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

Lightning in the sky

Lightning Speed: How To Take BTC From Reserve Asset To World Reserve Currency

13 mins ago
Why Crypto Memecoin Whales Are Accumulating Tamadoge

Why Crypto Memecoin Whales Are Accumulating Tamadoge

2 hours ago
MATIC price

MATIC Price Demonstrated Bullishness, How Soon Will It Touch $1?

4 hours ago
CryptoDickbutts

CryptoDickbutts NFTs Erect Nearly 700% In Daily Sales Volume 

5 hours ago
XLM price

XLM Depicts Buying Resurgence, Where’s It Headed Next?

7 hours ago
Crypto ATMs

Number Of Crypto ATMs Installed Worldwide Reaches New Milestone

9 hours ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
Punt Casino

Punt Casino

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

LBank Exchange Will List cheqd (CHEQ) on August 10, 2022

August 9, 2022

LBank Exchange Will List Voice Street Token (VST) on August 15, 2022

August 9, 2022

LBank Exchange Will List Rare Fnd (FND) on August 9, 2022

August 9, 2022

The Main Reason Why GNOX (GNOX) Could Flip Dogecoin (DOGE) And Shiba Inu (SHIB) In 2023

August 8, 2022

The Next Bullish Wave in Crypto Could Generate Huge Profits for Uniglo (GLO), Fantom (FTM), and Optimism (OP)

August 8, 2022

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.

COMPANY

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

Technical Analysis

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

LINKS

Crypto Prices from Nomics

Cryptocurrency news

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

© 2021 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
  • Play Games
  • Bet & Win
  • Bitcoin Casino Reviews

© 2021 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.