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ADA price analysis: When Is The Big Awaited Breakout Coming For Cardano?

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After touching the crucial $40k milestone, Bitcoin fell, dragging on the overall sentiment towards Altcoins. The majority of Cryptocurrencies are trading in the green, with ADA now trading at $1.29. Cardano appears to be struggling with the upswing after achieving a price barrier of $1.4.However, the uptrend was short-lived, and ADA fell down to $1.25 levels.

Well, one thing is certain that the price of ADA Token has recently seen a surge in demand near the $1 support level. The third and final phase of Cardano’s Alonzo update, dubbed purple, has begun and is also anticipated to be completed by the end of next month.

The Plutus application’s backend is written in Javascript, and the developers are working on adding support for web browsers and mobile devices. Cardano’s smart contracts will now be compatible with web browsers.

The coin price can support the $1.15 and $1.20 levels, according to the pivot point standard. If bulls maintain their momentum, the price might approach $2.

Cardano’s price is currently trading at $1.29 and on the upside. The first big resistance ADA must overcome is at $1.30, followed by $1.36. The gates to the significant $1.40 level open up after breaching both of these levels. 

On the downside, $1.20 is the first support level, followed by $1.16 and $1.10.

The majority of the moving averages and the momentum indicator on the 4-hour chart point to a strong bullish bias.

Furthermore, all of the important EMAs are increasing, indicating a substantial likelihood of bullish crosses. Bears appear to be gaining traction on the four-hour chart, according to the Relative Strength Index (RSI).

The Moving Average Convergence Divergence (MACD) indicator, on the other hand, displays a bullish impulse, indicating that bulls have the upper hand.

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Source: https://coinpedia.org/price-analysis/ada-price-analysis/

Coinpedia

Social Dominance Factor of ADA drops by 32%, How Will Cardano Price React?

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The bulls regained momentum over the crypto market, as BTC and other crypto assets were up with a decent margin. On the other hand, Cardano is ruling the market with its splendid performance, the price had spiked by 11.67% to sustain above $2.8. Yet the weekend slashed all the prices as most of the crypto assets experienced a downtrend. 

Cardano price is attempting hard to march towards new highs amid a series of announcements lined up for the launch such as ADA smart-contract launch, mobile integration and many more. But,  surprisingly, the crowd interest appears to have lessened on time. Yes, compared to last week the social dominance factor dropped by 32% at the press time.

Also Read: XRP, MATIC & Cardano(ADA) Price Analysis, Predictions For The Upcoming Week

Despite the reduced interest among the crypto enthusiasts on the third largest asset, Cardano, yet it kept it’s bullish moment intact. Being distinct from the market sentiments, the price propel yet failed to smash the $3 milestone. However the weekend turned out to be pretty bearish as the price slid down below $2.8, looking for a substantial rebound. 

After surpassing $2.5 level Cardano price was up by some margin and reached very close to $3,but faced a rejection. The price seems to consolidate around $2.75 for sometime to strengthen its support level. Therefore, there is a strong possibility that the asset could surpass $3 somewhere in the coming week. 

Social dominance factor could play an essential role to further push the price towards $5 in the coming days. It can easily smash higher prices until the crowd euphoria returns. On the downside, if Cardano fails to surpass the support levels, the price has a strong support level at  $2.65. In the short-term the price is anticipated to hit $5.  And by sustaining $5 successfully, $10 also may not be distinct. Considering the developments ahead the ADA price could even rise faster than Ethereum in the near future.  

Also Read : Smart Contracts Ready to Launch, Is Cardano Price Massive Rally On Horizon?

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Source: https://coinpedia.org/price-analysis/social-dominance-for-ada-drops-by-32-how-will-cardano-price-react/

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Cardano Price on the Verge of Breakout ? How and Where will ADA Price Head Next?

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adajump

The post Cardano Price on the Verge of Breakout ? How and Where will ADA Price Head Next? appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

The $1.50 barrier is proving to be a stumbling block for Cardano’s price. ADA’s price has broken through the $1.40 barrier, and strong bullish momentum has propelled it towards the $1.48 level. For the first time in over a month, ADA’s breakout above $1.40 saw the price collapse its 50 percent Fibonacci Extension.  It is …

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Source: https://coinpedia.org/price-analysis/cardano-price-on-the-verge-of-breakout-how-and-where-will-ada-price-head-next/

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Dogecoin on a Roll! Can DOGE Price Break $0.3 Level In Coming Days ?

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doge sinking

The post Dogecoin on a Roll! Can DOGE Price Break $0.3 Level In Coming Days ? appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

Along with the entire crypto market, rising to its glory is the meme crypto Dogecoin. DOGE Price has been printing massive gains over the weekend. It has successfully rallied as high as $0.27 i.e 24% in just the last 24 hours. Dogecoin’s breach of the $0.2 resistance on August 6th brought in a big buying …

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Source: https://coinpedia.org/price-analysis/dogecoin-on-a-roll-can-doge-price-break-0-3-level-in-coming-days/

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Ripple vs SEC, Things seem to be working in Ripples favour! Will XRP Price Rally to $1?

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xrp price jumping

The post Ripple vs SEC, Things seem to be working in Ripples favour! Will XRP Price Rally to $1? appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

Ripple’s back-and-forth price action continues today, with the price starting at $0.7308 before reversing. Ripple is currently trading at $0.71, down 2.14 percen.  According to a trading view analysis, we are seeing higher highs and lower lows. In this cycle’s bull trend, it has found our level of resistance, which will delineate and determine what …

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Source: https://coinpedia.org/price-analysis/ripple-vs-sec-things-seem-to-be-working-in-ripples-favour-will-xrp-price-rally-to-1/

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