NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

Cardano (ADA) Seems To Have Gained Its Bullish Streak Again, What’s Next?

anushsamal
anushsamal
3 years ago
2 mins read
Cardano

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Cardano (ADA) has been one of the top gainers in the last 24 hours. Price of asset has pictured a bullish action on the daily chart. The bulls have regained strength and has continued to move past other resistance marks.

The major resistance mark for the coin now rests above the $0.60 level. After the coin manages to trade above the aforementioned price level for the upcoming trading sessions, the bulls will find a strong footing.

If ADA fails to cross above the $0.64 crucial resistance mark then the coin can again fall back to the $0.50 support level. With Bitcoin moving past the $30,000 price level, it is natural that other major altcoins has reflected on the same price action.

The global cryptocurrency market cap today was $1.33 Trillion with a 3.8% positive change in the last 24 hours.

Cardano Price Analysis: One Day Chart

Cardano
Cardano was priced at $0.60 on the one day chart | Source: ADAUSD on TradingView

ADA was exchanging hands at $0.60 after registering over 8% gains in the last 24 hours. The crucial resistance for the coin awaited at $0.64. A fall from the $0.60 price mark would push Cardano to $0.50. In the last week, the coin secured double digit gains.

It logged close to a 27% appreciation in its price. With positive price action, buyers seem to have returned to the market. Consistent buying strength will help bulls maintain their vigour.

The volume bars displayed growth in the past trading session. The bar was green which indicated that ADA’s bullish leg was possibly back.

Technical Analysis

Cardano
Cardano registered an uptick in buying strength on the one day chart | Source: ADAUSD on TradingView

The buying strength registered a sharp uptick over the past few days. At the time of writing, buying strength was positive. The Relative Strength Index was placed above the half-line which is an indication that buyers outnumbered sellers in the market.

The price of ADA stood above the 20-SMA line. This meant that buyers were responsible for driving the price momentum in the market at the moment.

If the coin registers the demand then it could be possible for ADA to even cross the 50-SMA line. Price above the 50-SMA line is considered to be quite bullish for the coin.

Related Reading | Cardano At $0.56, Here Are The Crucial Trading Levels For The Coin

Cardano
Cardano flashed a fall in price volatility on the one day chart | Source: ADAUSD on TradingView

Bollinger Bands indicate the incoming price volatility of the coin. The bands depicted a squeeze in the market, which meant there could be a fall in price volatility. A fall in volatility means lowered price fluctuation for Cardano.

The Parabolic SAR determines the price trend and a possible price reversal. Parabolic SAR’s dotted lines  are seen below the price candles at the time of writing.  As price increased, dotted lines gathered below the price and indicated a bullish trend for ADA.

For Cardano to maintain the bullish stance, it needs to trade above the $0.64 price ceiling and that would ensure continued bullish price action.

    Related Reading | Crypto Community At CoinMarketCap Predicts $1 Cardano By June 30

Tweet123Share196ShareSend
anushsamal
anushsamal

anushsamal

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

이더리움 상승세에 알트코인 랠리 본격화…가장 수혜볼 유망 알트코인은?

이더리움 상승세에 알트코인 랠리 본격화…가장 수혜볼 유망 알트코인은?

온체인 시장에 투자자들의 시선이 몰렸다. 작일 이례적인 자금 유입이 포착된 것이다. 단 하루 만에 고래 투자자들이 비트코인 하이퍼($HYPER) 16만 1,000달러, 토큰6900...

Soyeon Lee 6 hours ago
Bitcoin price

Bitcoin Price Holds Steady Around $118,000 — Here Are The Next Crucial Levels

The Bitcoin price has been on an interesting trajectory over the past few weeks, setting new all-time highs along the...

Opeyemi Sule 10 hours ago
Altcoins riskeren 'rektember' - herhaalt de geschiedenis of komt er een verrassing?

Altcoins riskeren ‘rektember’ – herhaalt de geschiedenis of komt er een verrassing?

De maand september heeft geen goed imago in de crypto space, vandaar de bijnaam ‘rektember’. Opvallend is dat vooral altcoins...

Lars Diederiksen 12 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

grayscale-files-dogecoin-etf-meme-coin-season-token6900-100x-trend-tw

灰度申請狗狗幣ETF 迷因幣季起動TOKEN6900掀起100倍幣潮流

Kelvin Lee 2 hours ago

比特幣短暫回落,Bitcoin Hyper募資突破1000萬美元 新一代BTC Layer 2成市場焦點

Mark Mak 3 hours ago
Bitcoin price

Bitcoin Price To Face Selling Pressure Over Next 1-2 Weeks — Here’s Why

Opeyemi Sule 5 hours ago

Premium Sponsors

Press Releases

  • Join Mint Miner Cloud Mining™ – Earn $5,000 in...

    6 hours ago
  • BTC Policy Shift and XRP Regulatory Breakthrough: Quid...

    12 hours ago
  • CryptoMiningFirm Launches XRP Mining Contracts – Allowing...

    12 hours ago
  • ETHRANSACTION Launches XRP Cloud Mining App, Easily Earn...

    1 day ago
  • The Smart Investor’s Choice

    The Smart Investor’s Choice: Effortless High-Yield XRP...

    2 days ago

Newsletter

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.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 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.