• 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
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
No Result
View All Result
NewsBTC
No Result
View All Result
technical analysis cardano ADA
Nexo Logo

Cardano’s Shelly TestNet Is A Handover, ADA Adds 7.3%

Dalmas Ngetich by Dalmas Ngetich
3 years ago
in Cardano
Reading Time: 2 mins read
Advertisement
  • Cardano (ADA) is up 7.3 percent
  • The path towards complete decentralization continues through Shelly TestNet

Shelly TestNet is live. To the end, Charles Hoskinson is in Israel as he waits for feedback from the country’s developers. Meanwhile, ADA is consolidating along 9.5 cents following June 26 doji candlestick.

Cardano Price Analysis

Fundamentals

Charles Hoskinson is a technical leader, passionate about crypto. After parting ways with Ethereum following the contentious and implicating DAO, he continues to head Ethereum Classic development.

Overly, he is generally thorough, guiding Cardano’s IOHK in matters quality. As a smart contracting platform prioritizing quality and peer reviewing over speed and compromise, their five-step development through to Voltaire will produce a verified, peer-reviewed platform which is scalable and completely decentralized.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

It may take some few years before Voltaire. However, the release of Shelly TestNet, the path towards the ultimate goal is being fast-tracked. Because of Shelly, there will be decentralization. That is precisely why the blockchain community has its interest in the project.

The TestNet which is live, launched on June 21, allows experimentation on Staking. Besides staking, this TestNet prepares the network for the final transition of transaction validation from IOHk to the community’s staking pools.

Testing will be in three phases. The first stage enables users to create a Rust Self Node while simultaneously establishing the basic configuration of staking pools. After that, all these Rust Self Nodes will connect into one “unified TestNet” before incentive building and delegation in the third stage.

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

Candlestick Arrangement

Cardano ADA

Trading at 9 cents, ADA is bullish and 7.3 percent higher from last week’s close. Despite the slowdown in the previous day, the path of least resistance is up. In an altcoin season, ADA is likely to attract capital, especially if this TestNet reveals the real power of Cardano.

Because ADA is within a bullish breakout pattern against the USD, every low is technically a loading point. However, while there is an opportunity for aggressive traders, it is imperative that prices edge past May 2019 resistance at 9.5 cents.

There were attempts on June 26, but the resulting doji points to indecision. ADA prices could print lower. On the other hand, any firm close above 9.5 cents, preferably with high trade participation could trigger ecstatic buys as traders aim at 12 cents. Such a move will confirm the bull breakout pattern of late March.

Technical Indicators

As the trend line shows, the dominant trend is up. Although there is consolidation, trading volumes are high. In that case, break and close above 9.5 cents, validating this trade plan should ideally be with high participation exceeding 603 million of June 26.

Chart courtesy of Trading View. Image Courtesy of Shutterstock

Tags: ADACardanoShelly
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Dalmas Ngetich

Dalmas Ngetich

Interested in new Tech

Related Posts

Cardano

Cardano Vasil Hard Fork Launch Date Set, Time To Buy The News?

2 weeks ago
Cardano (ADA)

Cardano Resists Downward Pressure, Can ADA’s Price Push Bears Away?

3 weeks ago
Cardano

Will The Vasil Hard Fork Trigger A Cardano (ADA) Bull Run?

3 weeks ago
Cardano

Cardano (ADA) Grows 20% In One Week, Will It Hit $1 Amid ‘Vasil’ Launch?

4 weeks ago
Cardano

Crypto Community At CoinMarketCap Predicts $1 Cardano By June 30

4 weeks ago
Cardano

Cardano TVL Jumps 30% In 24 Hours As It Recovers To $155 Million

1 month ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
BC.Game

BC.Game

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
BC.Game

BC.Game

Review · Visit

Don’t Miss Out On Experts’ Top Crypto Picks! Gnox (GNOX), Algorand (ALGO) And VeChain (VET) Set To Lead Bullish Market

July 2, 2022

LBank Exchange Will List DEBT on July 5, 2022

July 2, 2022

LBank Exchange Will List Metavie Token (METAVIE) on July 5, 2022

July 2, 2022

Holon (HLN) Is Now Available for Trading on LBank Exchange

July 2, 2022

LBank Exchange Will List METAFASTEST (METAF) on July 1, 2022

July 2, 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

© 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.