The token\u00a0is at a crossroads at this point, and the price might move in any direction. If the bulls can summon enough strength, an upswing to $0.64 is possible, but the support zone around $0.42 to $0.44 might potentially provide some more push for the coin.<\/p>\n
In the next days, the overall trend will likely benefit the sellers. Unless buyers intervene at the immediate support level, ADA could experience a lengthy dip prior to a robust recovery.<\/p>\n
Bear Market Pushes ADA To 7-Day Weakness<\/h2>\n
As of this writing, ADA is trading at $0.4507, down 9.5% in the last seven days, data from Coingecko show, Sunday.<\/p>\n
The broader crypto\u00a0market continues to exhibit bearish indicators, headed by Bitcoin’s inability to surpass the $20,000 threshold. BTC, the most sought-after cryptocurrency, is currently trading at $19,105, down 11.2% in the past week, according to Coingecko statistics.<\/p>\n
<\/p>\n
ADA total market cap at $15.6 billion on the weekend chart | Source: TradingView.com<\/a><\/pre>\nIn contrast, Ethereum declined by more over 2 percent, remaining just above the $1,000 threshold. Ripple and Dogecoin remained unchanged at $0.44 and $0.05 respectively, while Solana declined 2% to $33.04. Litecoin decreased by 2% to $50.57, whereas Polkadot fell to $6.70.<\/p>\n
ADA ranks eighth on CoinMarketCap’s chart of the largest cryptocurrencies by market capitalization. The coin saw a 24-hour decline of 3.80%, bringing its price to $0.4514. Consequently, its entire market capitalization is $15.37 billion.<\/p>\n
The Bulls Have Their Hands Full To Lift Cardano<\/h2>\n
If the bulls are able to retake the 21-day simple moving average, which is now located at $0.50, the bearish downtrend could be invalidated early on. If the bulls can reclaim this level, they may be able to advance to $1.20, a 170 percent increase from the current Cardano price.<\/p>\n
As evidenced by the rising relative strength index (RSI) score of 41.40, ADA is likely to advance at the present time.<\/p>\n
Suggested Reading |\u00a0Shiba Inu (SHIB) Shines Green In Pool Of Crimson \u2013 Who\u2019s Buying?<\/a><\/em><\/strong><\/p>\n
If buyers can consolidate above the current trend over the next 24 to 48 hours, ADA will be aiming for the critical 50-day exponential moving average (EMA).<\/p>\n
For a trend reversal to materialize, ADA must close above the present pattern’s upper limit within the following 24 hours. In contrast, a decline to $0.42 might undercut the optimistic rationale.<\/p>\n
Featured image from Cryptoknowmics, chart from TradingView.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"Cardano (ADA) price experienced a protracted run along a falling angle formed on June 27, when the price was $0.52. Since then, ADA has retreated gradually to find support at $0.44. Nonetheless, ADA may be slowly returning to\u00a0the green zone, as its price increased throughout the weekend’s session after plummeting to a low of $0.43 on Friday. Cardano is a decentralized proof-of-stake blockchain platform of the third generation aiming to be a more effective option to proof-of-work networks. Suggested Reading | Ethereum (ETH) Bends Toward $1,000 As Doubt Fills Crypto Markets The token\u00a0is at a crossroads at this point, and the price might move in any direction. If the bulls can summon enough strength, an upswing to $0.64 is possible, but the support zone around $0.42 to $0.44 might potentially provide some more push for the coin. In the next days, the overall trend will likely benefit the sellers. Unless buyers intervene at the immediate support level, ADA could experience a lengthy dip prior to a robust recovery. Bear Market Pushes ADA To 7-Day Weakness As of this writing, ADA is trading at $0.4507, down 9.5% in the last seven days, data from Coingecko show, Sunday. The broader crypto\u00a0market continues to exhibit bearish indicators, headed by Bitcoin’s inability to surpass the $20,000 threshold. BTC, the most sought-after cryptocurrency, is currently trading at $19,105, down 11.2% in the past week, according to Coingecko statistics. ADA total market cap at $15.6 billion on the weekend chart | Source: TradingView.com In contrast, Ethereum declined by more over 2 percent, remaining just above the $1,000 threshold. Ripple and Dogecoin remained unchanged at $0.44 and $0.05 respectively, while Solana declined 2% to $33.04. Litecoin decreased by 2% to $50.57, whereas Polkadot fell to $6.70. ADA ranks eighth on CoinMarketCap’s chart of the largest cryptocurrencies by market capitalization. The coin saw a 24-hour decline of 3.80%, bringing its price to $0.4514. Consequently, its entire market capitalization is $15.37 billion. The Bulls Have Their Hands Full To Lift Cardano If the bulls are able to retake the 21-day simple moving average, which is now located at $0.50, the bearish downtrend could be invalidated early on. If the bulls can reclaim this level, they may be able to advance to $1.20, a 170 percent increase from the current Cardano price. As evidenced by the rising relative strength index (RSI) score of 41.40, ADA is likely to advance at the present time. Suggested Reading |\u00a0Shiba Inu (SHIB) Shines Green In Pool Of Crimson \u2013 Who\u2019s Buying? If buyers can consolidate above the current trend over the next 24 to 48 hours, ADA will be aiming for the critical 50-day exponential moving average (EMA). For a trend reversal to materialize, ADA must close above the present pattern’s upper limit within the following 24 hours. In contrast, a decline to $0.42 might undercut the optimistic rationale. Featured image from Cryptoknowmics, chart from TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":494768,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83371,16896,3],"tags":[12333,428,12332,6664],"class_list":["post-494766","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ada","category-cardano","category-news","tag-ada","tag-bitcoin","tag-cardano","tag-crypto"],"acf":[],"yoast_head":"\n
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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/ktsl888.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Cardano (ADA) Looks To Recover After Sliding To $0.43 – Pressure’s On For The Bulls","url":"http:\/\/ktsl888.com\/news\/cardano-to-rebound-after-drop-to-0-43\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/cardano-to-rebound-after-drop-to-0-43\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/07\/Cardano.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/07\/Cardano.png?fit=804%2C482"},"articleSection":"ADA","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ada","bitcoin","cardano","crypto"],"dateCreated":"2022-07-03T13:28:18Z","datePublished":"2022-07-03T13:28:18Z","dateModified":"2024-06-11T11:39:04Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Cardano (ADA) Looks To Recover After Sliding To $0.43 – Pressure’s On For The Bulls\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/cardano-to-rebound-after-drop-to-0-43\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/cardano-to-rebound-after-drop-to-0-43\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2022\\\/07\\\/Cardano.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2022\\\/07\\\/Cardano.png?fit=804%2C482\"},\"articleSection\":\"ADA\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ada\",\"bitcoin\",\"cardano\",\"crypto\"],\"dateCreated\":\"2022-07-03T13:28:18Z\",\"datePublished\":\"2022-07-03T13:28:18Z\",\"dateModified\":\"2024-06-11T11:39:04Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/07\/Cardano.png?fit=804%2C482","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/494766","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=494766"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/494766\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/494768"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=494766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=494766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=494766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}