• Advertise
  • Submit a Press Release
  • About Us
NewsBTC
Bitcoin & cryptocurrency news
Sensei Inu Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Win 8.88 BTCTry
  • Play Casino GamesTry
  • Play FinanceTry
No Result
View All Result
Breaking News: BREAKING: Valkyrie Secures Green Light For Ethereum Futures ETF, Trading Launching Tomorrow
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Win 8.88 BTCTry
  • Play Casino GamesTry
  • Play FinanceTry
No Result
View All Result
Bitcoin News
No Result
View All Result
Breaking News: BREAKING: Valkyrie Secures Green Light For Ethereum Futures ETF, Trading Launching Tomorrow
cardano
Sensei Inu Logo

Robinhood Lists Cardano On Platform, ADA Price To Take A Push Upwards?

Reynaldo Marquez by Reynaldo Marquez
1 year ago
in Cardano
Reading Time: 2 mins read

Popular U.S. brokerage platform Robinhood has listed Cardano (ADA) for its customer. Users will be able to trade the cryptocurrency starting today and gain exposure to its spot price.

Related Reading: IOG Says Cardano Vasil Hard Fork Is Almost Here, But What Is ADA Doing?

According to the announcement, Robinhood listed Cardano due to popular demand. The cryptocurrency has been a retail favorite for years and has managed to make its way into the crypto top 10 by market capitalization.

Over the past months, Cardano (ADA) has moved between the third to the eighth most valuable cryptocurrency on the planet. At its high, ADA’s price was trading north of $3, but it has been trending to the downside with the rest of the market since late 2021.

At the time of writing, ADA’s price trades at $0.44 with a 2% loss in the last 24 hours and 7 days respectively following the general sentiment in the market. The Robinhood announcement is an important milestone for ADA as it could boost its adoption levels in the United States.

Cardano ADA ADAUSDT
ADA’s price trends to the downside on the 4-hour chart. Source: ADAUSDT Tradingview

At the time of writing, the cryptocurrency is yet to react to the announcement as the price of ADA continues to trade in the red with other large cryptocurrencies. The crypto market is highly influenced by current macro factors which could become a short-term hurdle for any potential Cardano rally.

In that sense, the price of Bitcoin and Ethereum provides important clues to the future performance of other cryptocurrencies. The number one crypto by market cap currently trades about important two-week support at around $19,600.

Bulls must preserve these levels to prevent further losses in the price of Bitcoin and Cardano. Data from Material Indicators records a high level of liquidity below BTC’s price current levels. The cryptocurrency has over $20 million in bid orders in the mid area around $19,500.

Key Resistance And Support Levels For Cardano

Additional data provided by Material Indicators record low liquidity to the downside and a high stack of selling orders for the price of Cardano (ADA). As seen below, in the yellow box about the price, there are over $2 million in selling orders for ADA’s price at immediate levels.

Cardano ADA ADAUSDT
ADA’s price (blue line) is below a high amount of selling orders (yellow zone on the chart). Source: Material Indicators

Cardano bulls must maintain the price at about $0.43, on lower timeframes, or risk going lower into previous support levels. $0.40 and $0.43 are critical to deviate from a future bearish scenario.

Related Reading: WATCH: Bitcoin September To Remember: The Good, The Bad, & The Ugly | BTCUSD September 1, 2022

Cardano is on the brink of deploying an important network and performance update via its Hard Fork Combinator (HFC) event “Vasil”. This update has been delayed on several occasions causing concern in the ADA community, but a successful deployment might provide the bulls with enough momentum to make a run into $0.50 and beyond.

Tags: ADAADAUSDTCardano
Tweet123Share196ShareSend
Reynaldo Marquez

Reynaldo Marquez

As an editor at NewsBTC, Reynaldo is an experienced journalist passionate about all things crypto. Reynaldo has interviewed key industry leaders, and created unique pieces analyzing the promise of crypto as the next frontier for an economic and social transformation of humanity. Since 2018, he has been at the forefront of the industry, closely following every major development and analyzing critical events at the heart of the crypto industry. With a keen eye for detail and an unwavering commitment to excellence, Reynaldo has been instrumental in bringing the latest news and insights to the crypto community. Outside of work, Reynaldo enjoys lifting weights and literature, which he believes gives him a unique perspective into the world of crypto. As an aspiring trader, he is always looking for new opportunities to explore and believes that crypto holds the key to unlocking the future of finance.

Related Posts

Cardano

The Most Impressive Highlights From The Cardano Development Report

1 day ago
Cardano ADA ADAUSDT

Cardano Sees Spike In Development Activity, Can The Price Of ADA Follow?

6 days ago
Cardano ADA

Is Cardano (ADA) The Worst Investment Of 2023? Here’s What The Data Says

1 week ago
Cardano

Cardano Whales Sell 1.02 Billion ADA, More Pain Ahead?

3 weeks ago
cardano

Cardano Announces Warp Transactions, ADA Remains Stuck In Ranging Market

3 weeks ago
Cardano

Cardano HODLing: Long-Term Holders See 170% Rise In Past Year

1 month ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
mBit

mBit

Review · Visit

Press Releases

  • Investing in Trading 212: Is the Risk Worth the Reward?

    1 day ago
  • Bitcoin Spark: Cross-Chain with Polygon, BSC, and Cosmos

    2 days ago
  • Explosive Surge: Curve DAO and Everlodge on a Wild Pumping...

    2 days ago
  • The DeFi Big Three: Solana (SOL), Chainlink (LINK), and...

    2 days ago
  • Plus 500 Reviews Get Moderate Risk Rating From Trading...

    2 days ago

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.

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

© 2023 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play Games
  • Win 8.88 BTC
  • Play Casino Games
  • Play Finance

© 2023 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.