{"id":506783,"date":"2022-10-18T10:50:07","date_gmt":"2022-10-18T10:50:07","guid":{"rendered":"https:\/\/ktsl888.com\/?p=506783"},"modified":"2022-10-18T09:12:53","modified_gmt":"2022-10-18T09:12:53","slug":"cardano-finds-breathing-room-at-0-35-support","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/cardano-finds-breathing-room-at-0-35-support\/","title":{"rendered":"Cardano Finds Breathing Room At $0.35 Support &#8211; Is This Enough For ADA?"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Cardano is somehow keeping in-step with cryptocurrency frontrunners Bitcoin and Ethereum, sitting on price increase on its intraday chart.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Cardano failed to hold the $0.41 crucial support range and settle to the new support marker of $0.36<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">ADA is forecasted to trade from $.0403 to $0.416 in the coming days<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Cardano addresses grow despite bearish market sentiments<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Tracking from <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/cardano\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Coingecko<\/span><\/a><span style=\"font-weight: 400\"> shows the smart contract token is trading at $0.371, raising its price by almost 1% during a 24-hour period.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The altcoin, however, continues to struggle as it remains in the red zone on its 7-day and 14-day metrics, going down by 7.6% and 13.3%, respectively.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Investors, holders and traders are keeping close watch on the <a href=\"https:\/\/www.analyticsinsight.net\/cardanoada-price-prediction-by-top-trading-chart-analyst\/\" target=\"_blank\" rel=\"noopener nofollow\">price movement<\/a> of the crypto as it tries to bounce back after failing to sustain the $0.41 crucial support marker.<\/span><\/p>\n<p><span style=\"font-weight: 400\">At first it appeared the asset was in for another steep fall, but it managed to cling into a new support range which could prove to be significant in determining the trend of its next price rally.<\/span><\/p>\n<h2><b>Cardano Hangs On To $0.35 Support\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400\">As seen from Cardano\u2019s trading chart, the Bollinger band (blue line) continued to drop as ADA failed to hold the critical $0.41. It only stopped upon reaching the $0.35 marker.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/tron-makes-record-for-period-spent-in-deflationary-state\/\"> TRON Makes Record For Period Spent In Deflationary State \u2013 Good For TRX?<\/a><\/div>\n<pre style=\"text-align: center\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-506784 size-medium\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/10\/C1-26.png?resize=460%2C260\" alt=\"\" width=\"460\" height=\"260\"><span style=\"font-weight: 400\">Source: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" rel=\"nofollow\">TradingView<\/a><\/span><\/pre>\n<p><span style=\"font-weight: 400\">Meanwhile, the crypto\u2019s Relative Strength Index (RSI) tallied a low value of 23.4 which indicated Cardano was in oversold position and is primed for a price uptick.<\/span><\/p>\n<p><span style=\"font-weight: 400\">If ADA manages to sustain its new support marker, a surge ranging from $0.403 to $0.416 will likely to happen over the next few days, enabling the token to start its own recovery along with other members of the crypto space.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, if Cardano fails to hold this position again, bears will be given opportunity to gain profit as ADA will likely fall all the way to $0.336.<\/span><\/p>\n<h2><b>ADA Addresses Grow Despite Weak Value<\/b><\/h2>\n<p><span style=\"font-weight: 400\">In September 2021, Cardano managed to hit an all-time high value of $3.09. The crypto, however, already lost 80% of that value and continues to struggle to get even just to $1 marker.<\/span><\/p>\n<p><span style=\"font-weight: 400\">But despite the immense price tanking that the asset continues to experience since hitting its ATH, retail investors seem to be unfazed.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In fact there is a noticeable increase of ADA addresses, indicating the crypto is still commanding interest among participants in crypto space.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Holders of 100 to 1,000 Cardano tokens are now accounting for 1.15% of the network\u2019s circulating supply, going up by 0.23% from the previous tally of 0.92%.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, an almost identical increase is also observed to holders of 1,000 to 10,000 ADA coins which grew by 0.59%.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/near-platform-active-users-soar\/\">NEAR Platform Active Users Soar \u2013 \u2018Sweat Economy\u2019 Boosting Token\u2019s Price?<\/a><\/div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/9c6JsFj5\/\" width=\"1834\" height=\"875\"><\/p>\n<pre style=\"text-align: center\">ADA market cap at $12 billion on the daily chart | Featured image from Shutterstock, Chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" rel=\"nofollow\">TradingView.com<\/a>\r\n\r\nDisclaimer: The analysis represents the author's personal views and should not be construed as investment advice.<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Cardano is somehow keeping in-step with cryptocurrency frontrunners Bitcoin and Ethereum, sitting on price increase on its intraday chart. Cardano failed to hold the $0.41 crucial support range and settle to the new support marker of $0.36 ADA is forecasted to trade from $.0403 to $0.416 in the coming days Cardano addresses grow despite bearish market sentiments Tracking from Coingecko shows the smart contract token is trading at $0.371, raising its price by almost 1% during a 24-hour period. The altcoin, however, continues to struggle as it remains in the red zone on its 7-day and 14-day metrics, going down by 7.6% and 13.3%, respectively. Investors, holders and traders are keeping close watch on the price movement of the crypto as it tries to bounce back after failing to sustain the $0.41 crucial support marker. At first it appeared the asset was in for another steep fall, but it managed to cling into a new support range which could prove to be significant in determining the trend of its next price rally. Cardano Hangs On To $0.35 Support\u00a0 As seen from Cardano\u2019s trading chart, the Bollinger band (blue line) continued to drop as ADA failed to hold the critical $0.41. It only stopped upon reaching the $0.35 marker. Related Reading: TRON Makes Record For Period Spent In Deflationary State \u2013 Good For TRX? Source: TradingView Meanwhile, the crypto\u2019s Relative Strength Index (RSI) tallied a low value of 23.4 which indicated Cardano was in oversold position and is primed for a price uptick. If ADA manages to sustain its new support marker, a surge ranging from $0.403 to $0.416 will likely to happen over the next few days, enabling the token to start its own recovery along with other members of the crypto space. However, if Cardano fails to hold this position again, bears will be given opportunity to gain profit as ADA will likely fall all the way to $0.336. ADA Addresses Grow Despite Weak Value In September 2021, Cardano managed to hit an all-time high value of $3.09. The crypto, however, already lost 80% of that value and continues to struggle to get even just to $1 marker. But despite the immense price tanking that the asset continues to experience since hitting its ATH, retail investors seem to be unfazed. In fact there is a noticeable increase of ADA addresses, indicating the crypto is still commanding interest among participants in crypto space. Holders of 100 to 1,000 Cardano tokens are now accounting for 1.15% of the network\u2019s circulating supply, going up by 0.23% from the previous tally of 0.92%. Meanwhile, an almost identical increase is also observed to holders of 1,000 to 10,000 ADA coins which grew by 0.59%. Related Reading: NEAR Platform Active Users Soar \u2013 \u2018Sweat Economy\u2019 Boosting Token\u2019s Price? ADA market cap at $12 billion on the daily chart | Featured image from Shutterstock, Chart: TradingView.com Disclaimer: The analysis represents the author&#8217;s personal views and should not be construed as investment advice.<\/p>\n","protected":false},"author":557,"featured_media":506800,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16896,3],"tags":[12333,428,1119,1144,12332,8323,1946,8686],"class_list":["post-506783","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cardano","category-news","tag-ada","tag-bitcoin","tag-btc","tag-btcusd","tag-cardano","tag-eth","tag-ethereum","tag-ethusd"],"acf":[],"yoast_head":"\n<title>Cardano Finds Breathing Room At $0.35 Support - Good For ADA?<\/title>\n<meta name=\"description\" content=\"Cardano is somehow keeping in-step with cryptocurrency frontrunners Bitcoin and Ethereum, sitting on price increase on its intraday chart.\" \/>\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-finds-breathing-room-at-0-35-support\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cardano Finds Breathing Room At $0.35 Support - Good For ADA?\" \/>\n<meta property=\"og:description\" content=\"Cardano is somehow keeping in-step with cryptocurrency frontrunners Bitcoin and Ethereum, sitting on price increase on its intraday chart.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/news\/cardano-finds-breathing-room-at-0-35-support\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-18T10:50:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-18T09:12:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/10\/Cardano-4.png\" \/>\n\t<meta property=\"og:image:width\" content=\"939\" \/>\n\t<meta property=\"og:image:height\" content=\"524\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Christian Encila\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Christian Encila\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/ktsl888.com\/news\/cardano-finds-breathing-room-at-0-35-support\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/news\/cardano-finds-breathing-room-at-0-35-support\/\"},\"author\":{\"name\":\"Christian Encila\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80\"},\"headline\":\"Cardano Finds Breathing Room At $0.35 Support &#8211; 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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. 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