{"id":527719,"date":"2023-04-20T09:48:41","date_gmt":"2023-04-20T09:48:41","guid":{"rendered":"https:\/\/ktsl888.com\/?p=527719"},"modified":"2023-04-20T09:48:44","modified_gmt":"2023-04-20T09:48:44","slug":"cardano-racks-up-nearly-4-gain-amid-short-term-losses-will-investors-hold-firm","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/cardano-racks-up-nearly-4-gain-amid-short-term-losses-will-investors-hold-firm\/","title":{"rendered":"Cardano Racks Up Nearly 4% Gain Amid Short-Term Losses – Will Investors Hold Firm?"},"content":{"rendered":"

Cardano and its ADA coin\u2019s steady ascent in the crypto market has proven to be nothing short of remarkable, as the digital asset continues to maintain a bullish trend on higher timeframe charts.\u00a0<\/span><\/p>\n

Despite a recent 3.60% slump in prices within the past 24 hours, ADA has still managed to sustain a seven-day rally of 4%, according to <\/span>CoinMarketCap<\/span><\/a> at the time of writing.\u00a0<\/span><\/p>\n

Currently priced at $0.4205, the cryptocurrency’s overall upward trend has left investors wondering whether this brief dip in value is merely a momentary setback or a sign of more substantial declines to come.<\/span><\/p>\n

Related Reading: OKB Tallies 24% Increase But Active Addresses Fail To Keep Pace \u2013 Here\u2019s Why<\/a><\/div>\n

Support Zone Signals Positive Outlook For ADA Despite Correction<\/strong><\/h2>\n

Although ADA experienced a correction, there is a glimmer of hope for the cryptocurrency as it managed to find solid support near the $0.41 per token zone. This suggests that there are significant buyers who are willing to take the risk and invest in the token at these levels with an eye on future growth.<\/span><\/p>\n

Looking ahead, the price movement of the crypto is largely subject to market trends, given the absence of any specific fundamental triggers. However, if the recent correction was a means to weed out the most speculative investors and latecomers, and the market resumes its upward trajectory, then ADA is poised for continued success.<\/span><\/p>\n

Cardano Shows Strong Bullish Prospects Despite Mixed Indicators<\/strong><\/h2>\n

The coin has formed a range between $0.24 to $0.42, with the mid-point at $0.33 acting as a significant support and resistance level since October 2022. In the past two weeks, the RSI rose above 70, and although the OBV experienced a slight pullback after a large upward spike, it still showed strong demand and bullish sentiment behind ADA.\u00a0<\/span><\/p>\n

Despite <\/span>mixed indicators<\/span><\/a>, Cardano’s ADA continues to show promising bullish prospects, with the RSI still above the neutral 50 level, and prices maintaining an upward trend.<\/span><\/p>\n

<\/p>\n

ADA market cap at $14.5 billion on the daily chart at TradingView.com<\/a><\/pre>\n
Related Reading: ADA 10% Rally Coincides With Cardano Foundation\u2019s Annual Report<\/a><\/div>\n
For traders, it is important to keep an eye on the mid-point of the range at $0.33 and monitor the RSI and OBV indicators closely. While strong bullish sentiment may suggest future price increases, sudden fluctuations in market conditions can always occur.\u00a0<\/span><\/p>\n
The recent indicators suggest that intense selling pressure has not yet affected the crypto, which can be seen as a positive sign for the bulls. The development activity for ADA has continued unabated, which can reassure long-term buyers about the potential for future growth.\u00a0<\/span><\/p>\n
As with any investment, it is crucial to exercise caution and conduct thorough research before making any significant trades.<\/span><\/p>\n
-Featured image from CoinDCX<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Cardano and its ADA coin\u2019s steady ascent in the crypto market has proven to be nothing short of remarkable, as the digital asset continues to maintain a bullish trend on higher timeframe charts.\u00a0 Despite a recent 3.60% slump in prices within the past 24 hours, ADA has still managed to sustain a seven-day rally of 4%, according to CoinMarketCap at the time of writing.\u00a0 Currently priced at $0.4205, the cryptocurrency’s overall upward trend has left investors wondering whether this brief dip in value is merely a momentary setback or a sign of more substantial declines to come. Related Reading: OKB Tallies 24% Increase But Active Addresses Fail To Keep Pace \u2013 Here\u2019s Why Support Zone Signals Positive Outlook For ADA Despite Correction Although ADA experienced a correction, there is a glimmer of hope for the cryptocurrency as it managed to find solid support near the $0.41 per token zone. This suggests that there are significant buyers who are willing to take the risk and invest in the token at these levels with an eye on future growth. Looking ahead, the price movement of the crypto is largely subject to market trends, given the absence of any specific fundamental triggers. However, if the recent correction was a means to weed out the most speculative investors and latecomers, and the market resumes its upward trajectory, then ADA is poised for continued success. Cardano Shows Strong Bullish Prospects Despite Mixed Indicators The coin has formed a range between $0.24 to $0.42, with the mid-point at $0.33 acting as a significant support and resistance level since October 2022. In the past two weeks, the RSI rose above 70, and although the OBV experienced a slight pullback after a large upward spike, it still showed strong demand and bullish sentiment behind ADA.\u00a0 Despite mixed indicators, Cardano’s ADA continues to show promising bullish prospects, with the RSI still above the neutral 50 level, and prices maintaining an upward trend. ADA market cap at $14.5 billion on the daily chart at TradingView.com Related Reading: ADA 10% Rally Coincides With Cardano Foundation\u2019s Annual Report For traders, it is important to keep an eye on the mid-point of the range at $0.33 and monitor the RSI and OBV indicators closely. While strong bullish sentiment may suggest future price increases, sudden fluctuations in market conditions can always occur.\u00a0 The recent indicators suggest that intense selling pressure has not yet affected the crypto, which can be seen as a positive sign for the bulls. The development activity for ADA has continued unabated, which can reassure long-term buyers about the potential for future growth.\u00a0 As with any investment, it is crucial to exercise caution and conduct thorough research before making any significant trades. -Featured image from CoinDCX<\/p>\n","protected":false},"author":557,"featured_media":527728,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[84005,142,12332],"class_list":["post-527719","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ada-price","tag-altcoins","tag-cardano"],"acf":[],"yoast_head":"\nCardano Up 4% Amid Losses - Will Investors Hold Firm?<\/title>\n<meta name=\"description\" content=\"Cardano and its ADA coin\u2019s steady ascent in the crypto market has proven to be nothing short of remarkable, as the digital asset continues to maintain a\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/cardano-racks-up-nearly-4-gain-amid-short-term-losses-will-investors-hold-firm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cardano Up 4% Amid Losses - 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. 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 Racks Up Nearly 4% Gain Amid Short-Term Losses – Will Investors Hold Firm?","url":"http:\/\/ktsl888.com\/news\/cardano-racks-up-nearly-4-gain-amid-short-term-losses-will-investors-hold-firm\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/cardano-racks-up-nearly-4-gain-amid-short-term-losses-will-investors-hold-firm\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/04\/a-57.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/04\/a-57.png?fit=883%2C528"},"articleSection":"Cryptocurrency Market News","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 price","altcoins","cardano"],"dateCreated":"2023-04-20T09:48:41Z","datePublished":"2023-04-20T09:48:41Z","dateModified":"2023-04-20T09:48:44Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Cardano Racks Up Nearly 4% Gain Amid Short-Term Losses – Will Investors Hold Firm?\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/cardano-racks-up-nearly-4-gain-amid-short-term-losses-will-investors-hold-firm\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/cardano-racks-up-nearly-4-gain-amid-short-term-losses-will-investors-hold-firm\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/a-57.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/a-57.png?fit=883%2C528\"},\"articleSection\":\"Cryptocurrency Market News\",\"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 price\",\"altcoins\",\"cardano\"],\"dateCreated\":\"2023-04-20T09:48:41Z\",\"datePublished\":\"2023-04-20T09:48:41Z\",\"dateModified\":\"2023-04-20T09:48:44Z\"}<\/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\/2023\/04\/a-57.png?fit=883%2C528","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/527719"}],"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=527719"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/527719\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/527728"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=527719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=527719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=527719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}