bears were leading the market as the token’s price charts remained red. However, there were changes of a trend reversal as a bull pattern formed on ADA’s chart.The last week was disastrous for ADA investors as the token’s price declined by a whopping 23%. According toBut there was more to the story, as ADA’s price was consolidating inside a bullish symmetrical triangle pattern at press time, which hinted at a bull rally.
At press time, it was trading at $0.4498 with a market capitalization of over $16 billion, making it the 10th largest crypto.Apart from price action, a few of the metrics also looked bullish. AMBCrypto’s check on Santiment’s data pointed out that ADA’s 7-day MVRV ratio improved over the last few days.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cardano: Is $1 still on the cards for ADA’s price prediction?Cardano maintained a bullish long-term outlook but technical analysis suggested that investors need to be prepared for another ~20% drop.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Cardano, XRP price prediction for this weekCardano and XRP both have a short-term bearish bias- with the latter unable to break an eight-month range even though BTC reached a new ATH.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Solana and Cardano Experience Price Decline Amid Market Uncertainty, Bitgert Coin Gains AttentionAs the bully rally turns bearish, market sentiments have again become uncertain in the cryptosphere. With major crypto assets like Solana...
Source: CryptoAmb - 🏆 22. / 68 Read more »
Cardano’s [ADA] price may be struggling, but will THIS help?Cardano was leading the race to bag the best L1 network award in the upcoming and highly anticipated Blockchain Life Forum in Dubai.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Can Cardano’s price hit an ATH as Bitcoin falls?As Bitcoin [BTC] remained bearish, most cryptos, including Cardano [ADA], got impacted by it as its price dropped by 12%
Source: CryptoAmb - 🏆 22. / 68 Read more »
BlockDAG’s 30,000% ROI Beats Ethereum ETF & Cardano Price PredictionDiscover how BlockDAG emerges as a crypto titan with a staggering 30,000% ROI potential amid buzz around Ethereum ETF and Cardano...
Source: CryptoAmb - 🏆 22. / 68 Read more »