Cardano [ADA] hints at a bull trap, here's what it means for traders
Can ADA sustain its momentum, or is this rally just a short squeeze?
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Can ADA sustain its momentum, or is this rally just a short squeeze?
Despite the ongoing market recovery, ADA, the native token of the Cardano blockchain, seems to be struggling to gain momentum. However, the asset has soared by nearly 4.5% in the past 24 hours and is currently trading near $0.78.
Cardano has formally adopted its Constitution, which is one step closer to providing decentralized governance. Founder Charles Hoskinson announced the milestone in a video broadcast on Tuesday, stating that the final version of the Constitution replaces the interim one.
Cardano has been trading below $1 for a month, struggling to regain the momentum it had at the end of 2024. While ADA has shown signs of recovery, technical indicators remain mixed.
Bitcoin remains stuck inside the range, with no clear indication of a price breakout or breakdown.
Cardano's technical indicators flashed bearish signals, suggesting that it could dip further to test the flag support.
In a recent Cardano360 update, Input Output Global (IOG) unveiled plans for its next major innovation, Ouroboros Leios, which aims to dramatically enhance Cardano's speed and scalability.
Flux Point Studio CEO $decimalist highlighted a significant development poised to transform the Cardano ecosystem by solving its liquidity challenges. The blockchain gears up for “a flood of new liquidity” as it taps Talos's analytic capabilities, innovative UTxO management, real-time DEX routing, integrated risk scores, and advanced social sentiment indicators.
Major news just broke out regarding the U.S. wing of the world's largest cryptocurrency exchange, Binance. In the last couple of years, the activity of Binance US, and the black-and-yellow exchange broadly, has been significantly shredded due to regulation and law enforcement implemented by the previous SEC administration.
Cardano has reached a significant milestone weeks after a successful Plomin hard fork. According to an X post by the Cardano Foundation, the Cardano Constitution has now been ratified, paving the way for a more robust on-chain governance framework.
Cardano founder Charles Hoskinson believes Artificial General Intelligence (AGI) could emerge within three to five years, marking a transformative moment in AI evolution. In a Feb. 19 post on X, Hoskinson said: “I'd say we are 3-5 years away from AGI.
In this article, we explore the latest analyses of the cryptocurrency Cardano (ADA) price and the Jio Financial Services (JIOFIN) stock.
The Cardano blockchain has ratified its first official constitution, surpassing the set threshold with an overwhelming 85% approval rate. The decision replaces Cardano's interim constitution and locks in a new governance framework that will guide the ecosystem's evolution.
The Cardano (ADA) market is currently facing significant price pressure, leaving traders and investors wondering what comes next. The cryptocurrency, which has experienced a sharp decline in recent weeks, is showing signs of a bearish structure, and the road ahead could be bumpy.
Grayscale's Cardano ETF filing sent ADA soaring, but Rollblock is stealing the spotlight with a 450% presale surge and predictions of another 400% gain. #partnercontent
The U.S. Securities and Exchange Commission's (SEC) recent acknowledgment of XRP ETF filings has created a stir in the crypto community. These filings mark a major milestone for the cryptocurrency, as the application was previously rejected or withdrawn.
Cardano saw strong DeFi and stablecoin growth in the fourth quarter of 2024 as it reflected increased adoption as TVL, transaction volume, and network engagement expanded.
There's a chance of a Cardano range formation between the $0.68-$0.81 levels, but failure to hold $0.68 would see the downtrend continue.
Cardano (ADA), a prominent blockchain platform, has seen notable price movement recently. Over the past week, ADA has gained 15%, signaling an upward trend in its price.
Bitcoin (CRYPTO: BTC) has been stuck in a multi-week range, leaving altcoins struggling for momentum. However, traders believe this consolidation phase could be setting the stage for an altseason breakout.
BTC has dumped to a two-week low of its own.
Cardano (ADA) has been consolidating with a clear upward potential, and if market conditions remain favorable, the cryptocurrency could be on the verge of a breakout. Investor behavior has shown strong bullish sentiment, with increasing inflows into Cardano.
In the latest Essential Cardano360 broadcast, Input Output Global (IOG) shared new details surrounding its novel consensus innovation, Ouroboros Leios, which could potentially position Cardano among the fastest blockchain platforms in the industry.
According to Messari's recent "State of Cardano Q4 2024" report, Cardano had significant growth in the last quarter.