Key facts today
Charles Hoskinson suggested the Cardano treasury swap $100 million in ADA for Bitcoin and stablecoins to boost DeFi. Concerns arose about potential selling pressure on ADA, but demand remains strong.
Cardano developers are rolling out key updates, including a new tracing system and a Plutus upgrade. Developer activity surged, with 278 GitHub commits last week, a 33% increase.
Cardano (ADAUSD) has faced price drops and volatility, driven by a risk-off market sentiment linked to geopolitical tensions, especially the Israel-Iran conflict.
Key stats
About Cardano
Cardano is a proof-of-stake blockchain network which can run smart contracts and dApps on its ecosystem. Arguably the beginning of the third generation of cryptocurrency, founder Charles Hoskinson broke away from his position at Ethereum in 2015 to create what is now considered one of the more peer-assessed projects in the game. Its native token ADA (named after English mathematician Ada Lovelace) was launched in 2017 and is designed to oversee governance and encourage participation in its ecosystem.
ADA - hope for the best, plan for the worstDaily TF
Key level @ 0.73
Breaks above this level and the downtrend would send Cardano to 0.98
With mega-bullish target @ 2.20 - 2.40 price range.
5 touches @ 1.15 - 1.17 range which could be another Take-profit zone enroute. I think also a hedge-short bet at this level could work as a separate t
Weekly trading plan for ADAGood morning !!
ADA is moving perfectly in our scenarios, since last week we have reached exactly the levels we expected on the chart. At the moment the price may be in a local ABC correction, so I considered opening a Long position, consider your own risks - this is of utmost importance.
Target
Cardano Stock Chart Fibonacci Analysis 060125Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 0.67/61.80%
Chart time frame:B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress:A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) 61.80% support
D) Hit the bottom
E
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
Cardano (ADA) reached its highest price on Sep 2, 2021 — it amounted to 3.08728 USD. Find more insights on the ADA price chart.
See the list of crypto gainers and choose what best fits your strategy.
See the list of crypto gainers and choose what best fits your strategy.
Cardano (ADA) reached the lowest price of 0.21893 USD on Jun 10, 2023. View more Cardano dynamics on the price chart.
See the list of crypto losers to find unexpected opportunities.
See the list of crypto losers to find unexpected opportunities.
The safest choice when buying ADA is to go to a well-known crypto exchange. Some of the popular names are Binance, Coinbase, Kraken. But you'll have to find a reliable broker and create an account first. You can trade ADA right from TradingView charts — just choose a broker and connect to your account.
You can discuss Cardano (ADA) with other users in our public chats, Minds or in the comments to Ideas.