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Cardano (ADA) is poised for a massive rally potentially following its recent descending trendline breakout in this ongoing market reversal. In addition to the trendline breakout, ADA has also formed a bullish cup-and-handle price action pattern on the daily timeframe and is on the verge of a breakout.
Cardano (ADA) kicked off the new week on a subdued note, as the broader crypto market experienced a downturn, led by Bitcoin. This drop saw the total crypto market cap shrink to $2.2 trillion.
The interest rate cuts by the Federal Reserve have been hailed as a bullish catalyst, set to usher in a strong bullish wave. With investors hoping to make the most of this bull run, the 3 altcoins to buy are Cardano (ADA), Polkadot (DOT) and DTX Exchange (DTX).
The weekend has started with bull dominance, according to CoinMarketCap.
Cardano (ADA) has recently witnessed an extraordinary surge in whale netflows, skyrocketing by an astonishing 32,348%.
The cryptocurrency market is witnessing significant activity from several key players aiming to rival Cardano. Shiba Inu Coin, Polygon (POL), Tron, Chainlink, and Litecoin have each shown promising developments.
In recent appearances with mainstream news outlets, Charles Hoskinson, co-founder of Cardano and Ethereum, voiced his reservations over the crypto policies of former President Donald Trump and Vice President Kamala Harris.
Cardano (ADA) has recently made headlines with an impressive price surge of 8.46% over the past four days, indicating a potential turnaround for the altcoin. As it climbs to $0.359, market observers are keenly watching to see if this bullish momentum can propel Cardano towards key resistance levels at $0.42 and $0.45.
Cardano (ADA) is gearing up for a potential rally, with predictions showing its price could reach $0.50 in the coming weeks.
In a notable divergence from the broader cryptocurrency market, Cardano (ADA) has faced challenges in capitalizing on the recent bullish sentiment triggered by the Federal Reserve's decision to reduce interest rates by 0.50% earlier this week. While major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) have seen gains exceeding 5% in the same timeframe, ADA currently trades at $0.3517, reflecting a 2% decline over the past week.
Cardano's blockchain will soon feature its first major gold-backed token, Kinka Gold ($XNK), thanks to a partnership between the token's issuer and EMURGO, a founding entity of Cardano. EMURGO is a company that plays a crucial role in the Cardano ecosystem, focusing on the commercial development and adoption of blockchain technology.
Cardano (ADA) continues attracting significant crypto attention thanks to heightened whale activity.
Bitcoin faced selling near $64,000, but buyers have managed to keep the price above the short-term holder realized price near $62,000, which is a positive sign.
ADA appears to be bullish and poised for a massive rally, driven by a potential breakout and bullish on-chain data.
Bitcoin has surged past the $62,000 mark, reaching $62,326.36—its highest price since late August. This increase, representing a 4.07% rise in just 24 hours, follows the Federal Reserve's recent decision to lower interest rates by 50 basis points, a move that caught many analysts by surprise as they had anticipated a smaller reduction of 25 basis points.
While many altcoins are looking to catch up to their past sell-off figures, Cardano (ADA) appears to lag. As of this writing, the ADA price changed hands for $0.3535, up 0.74% in 24 hours, per CoinMarketCap.
The market participants are eagerly waiting for the Cardano price to reach $0.4 sooner rather than later. Meanwhile, the token appears to have entered a prolonged relaxation period, as the bulls are displaying no interest in accumulating the token.
The price of Cardano has jumped by 3.5% in the past 24 hours, with its move to $0.3591 coming as the cryptocurrency market gains by 1.5% today.
Cardano (ADA) price has been on a downtrend since March 2024. Since then, ADA has shed nearly 66%, but the outlook might be starting to change for this Ethereum-killer with the recent comeback in Bitcoin (BTC) price.
The price of Cardano (ADA) has held above $0.30 thanks to a sideways trend after the price drop on August 5. The cryptocurrency is stable above the $0.30 support but below the moving average lines or the $0.40 resistance level.
Hoskinson's Concerns: Charles Hoskinson feels that “Trump's crypto venture” will inadvertently increase regulatory scrutiny and politicize the industry.
Story Highlights The live price of the Cardano token is . ADA coin price could reach a potential high of $1 by the end of 2024. Cardano price, with a potential surge, could go as high as $10.32 by the end of 2030. With the BTC price back to $55,000, the altcoins market remains polarized.
Cardano founder raised concerns about the Trump-backed crypto platform, warning it could bring regulatory challenges and politicize the industry.
This important meeting will take place during the Tech Forum Argentina on October 19th. Hoskinson wants to discuss how blockchain technology can change how countries manage their economies and political systems.
