Cardano

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Cardano ended a four-day losing streak on Friday, as markets responded to the latest U.S. nonfarm payrolls (NFP) report. Payrolls in May rose to 339,000, which was significantly higher than the expected sum of 190,000. Solana collided with a key resistance level in today’s session.
Cardano (ADA)
Cardano (ADA) was one of Friday’s notable gainers, as the token snapped a key resistance level.
ADA/USD rose by as much as 3% in today’s session, hitting an intraday high of $0.3777 as a result.
This rally resulted in the 10-day (red) moving average crossing over its 25-day (blue) counterpart.

Typically such an upwards crossover signals the start of a bull run, and it comes as the relative strength index (RSI) also rose considerably.
At the time of writing, the index is tracking at 50.91, which is marginally below a resistance level at 52.00.
In the event this ceiling is broken, there is a strong chance that ADA will move towards the $0.3800 mark.

Solana (SOL)
Solana (SOL) also climbed higher in today’s session, with prices colliding with a key resistance level in the process.
Following a low of $20.38 on Thursday, SOL/USD surged to a peak at $21.30 earlier in the day.
Since hitting the aforementioned ceiling at $21.30, momentum has somewhat weakened, due to bulls securing earlier gains.

Another reason for this is that the RSI is close to a resistance level of its own at 55.00, leading traders to act more tentatively.
The index is currently tracking at 53.64, and should it eventually cross the hard line at 55.00, bullish pressure will likely increase.
Some may expect this to happen over the weekend, as traders continue to digest today’s economic data.
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Could solana move above $22.00 this coming weekend? Let us know your thoughts in the comments.



Cardano ended a four-day losing streak on Friday, as markets responded to the latest U.S. nonfarm payrolls (NFP) report. Payrolls in May rose to 339,000, which was significantly higher than the expected sum of 190,000. Solana collided with a key resistance level in today&#x2019;s session. Cardano...

news.bitcoin.com

Biggest Movers: ADA Snaps Losing Streak as Nonfarm Payrolls Beat Expectations

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Litecoin.

Ethereum (ETH)
Ethereum’s volatility spiked this week, and it managed to book a 4% price increase. This puts ETH into an uptrend and confirms the $1,820 level as support.
To remain in the green, ETH will need to break above two key levels, $2,000 and $2,100, which currently act as resistance. Bears did not show any resistance at $2,000 in April but came in strong at $2,100. It remains to be seen if this time will be different.
Looking ahead, buyers have returned to Ethereum. However, it is still too early to tell if they are serious about maintaining this uptrend. A clean breakout above the two key resistance levels would give them full control of the price.
Chart by TradingView
Ripple (XRP)
In a surprising move, XRP has reached 50 cents this week and booked an 11.7% price increase, making it the best performer on our list. The price is now just under the key resistance at 53 cents which has historically pushed back any attempt from buyers to take XRP higher.
In April, sellers came in strong at the current resistance level and did not allow it to move higher. If they reject the price again, then the key support is at 44 cents.
Looking ahead, XRP has a big opportunity to escape its current range established in April and May. If the resistance breaks, then buyers might have a good chance to take XRP to 60 cents next.
Chart by TradingView
Cardano (ADA)
Cardano continues to lag behind when compared to XRP, and its price action is similar to ETH, which allowed it to book a 4% price increase this week. The key resistance is at 38 cents, while the support is found at 36 cents.
Considering that the price has made a higher high, the trend is shifting bullish. However, ADA will need to turn the 38 cents level into support to sustain this momentum. Otherwise, it may continue to range as it did for most of May.
Looking ahead, Cardano has a good opportunity to break higher, but conviction from buyers is still lacking. This could quickly change if bulls move the price above 38 cents.
Chart by TradingView
Binance Coin (BNB)
Binance Coin had a difficult week, being unable to establish a clear trend. For this reason, the price remained relatively flat, with a modest 0.5% increase this week.
BNB has failed to break above the key resistance at $313 several times in May. This shows that sellers continue to hold a grip on the price at this time. The momentum indicators lean bearish, and this looks unlikely to change with this price action.
Chart by TradingView
Litecoin (LTC) 
Litecoin had a great week after booking an 8.5% price increase. Now, the price is just under the key resistance at $95. While bulls could break this key level, the true test awaits at $100 and beyond. Since early 2023, LTC has failed to sustain a price at three digits even if bulls managed to take it there several times.
With increasing buy volume, the current sentiment appears to favor bulls. However, the road to a three-digit valuation is going to be bumpy as sellers may be eager to return as soon as LTC reaches $100.
Looking ahead, the momentum is bullish, and this price action has formed an ascending triangle. If buyers are successful, then the $100 resistance might turn into a key support that will open the way to a much higher valuation for LTC.
Chart by TradingView
The post Crypto Price Analysis Jun-2: ETH, XRP, ADA, BNB, and LTC appeared first on CryptoPotato.

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Litecoin. Ethereum (ETH) Ethereum&#8217;s volatility spiked this week, and it managed to book a 4% price increase. This puts ETH into an uptrend and confirms the $1,820 level as support. To remain in the green, ETH w...

cryptopotato.com

Crypto Price Analysis Jun-2: ETH, XRP, ADA, BNB, and LTC

Bitcoin’s price slipped once again as May came to its end, and thus the asset registered its first losing month since the start of the year.
Most altcoins are in no better shape, aside from Litecoin, QNT, GRT, and a few more.
BTC First Red Month in 2023
The primary cryptocurrency had a choppy month. Looking at the end of it, one can see that it failed to breach the resistance levels at $27,500 despite several attempts. Moreover, the last one, which came on Monday, saw the asset jump to $28,500 following the debt ceiling deal by the US government.
However, that was short-lived, as the cryptocurrency retraced to under $27,500 by Wednesday. Yesterday’s rejection was particularly harmful as BTC fell hard by over a grand in hours.
It managed to stay north of $27,000 at first, but the past 24 hours brought another leg down. This time, bitcoin fell to a multi-day low of $26,600. Despite recovering a few hundred dollars since then, BTC still trades in the red on a daily scale.
It even closed May with a 7% decline, making it the first losing month of the new year. Its market cap has retreated to $520 billion, and its dominance over the alts is down to 46.1%.
BTCUSD. Source: TradingView
ADA and LTC Sit on the Opposite Corner
Most altcoins have also turned red with minor daily losses. ETH is down to $1,850 after a 1% decline. Binance Coin has retraced by the same percentage and is just under $305. Ripple, Solana, Tron, Polkadot, Shiba Inu, and Avalanche are also slightly in the red.
Cardano has declined the most from the larger-cap alts. ADA is down by over 3% and sits at $0.36. In contrast, Litecoin has jumped by almost $4 and trades above $90.
GRT has added the most value from the top 36 digital assets (5%) and stands close to $0.15.
Overall, though, the cumulative market cap of all crypto assets has seen another $10 billion gone daily. The metric is down by almost $40 billion in the past two days to $1.130 trillion.
Cryptocurrency Market Overview. Source: Quantify Crypto
The post Bitcoin Closed First Red Month in 2023 Following a 7% Decline in May (Market Watch) appeared first on CryptoPotato.

Cardano's ADA has declined the most from the larger-cap alts, while LTC is up by almost 4%

Bitcoin Closed First Red Month in 2023 Following a 7% Decline in May (Market Watch)

Cardano’s price is attempting a recovery wave above $0.375. ADA could gain bullish momentum if it settles above the $0.3850 resistance zone.

ADA price is slowly moving higher from the $0.360 zone against the US dollar.
The price is trading above $0.370 and the 100 simple moving average (4 hours).
There was a break above a key bearish trend line with resistance near $0.369 on the 4-hour chart of the ADA/USD pair (data source from Kraken).
The pair could start a decent increase if it settles above the $0.3850 resistance zone.

Cardano’s ADA Price Attempts Recovery
This past week, Cardano’s price declined toward the key $0.354 support zone. The bulls managed to stay in action and averted a major downside break below $0.3540.
A low was formed near $0.3536 and the price started a recovery wave. There was a move above the $0.365 and $0.375 resistance levels. Besides, there was a break above a key bearish trend line with resistance near $0.369 on the 4-hour chart of the ADA/USD pair.
The price is up 3% and showing a few positive signs, similar to Bitcoin and Ethereum. The bears are now protecting more gains above the $0.3850 resistance. A high is formed near $0.3850 and the price is consolidating gains. ADA price is trading above $0.370 and the 100 simple moving average (4 hours). It might soon test the 23.6% Fib retracement level of the recent wave from the $0.3536 swing low to the $0.3850 high.

Source: ADAUSD on TradingView.com
On the upside, immediate resistance is near the $0.385 zone. The next major resistance is forming near the $0.396 zone. If there is an upside break above the $0.385 and $0.396 resistance levels, the price could start a decent increase. In the stated case, the price could even surpass the $0.420 resistance zone. The next key resistance might be $0.432, above which it could test $0.45.
Fresh Decline in ADA?
If Cardano’s price fails to climb above the $0.385 and $0.396 resistance levels, it could start another decline. Immediate support on the downside is near the $0.375 level.
The next major support is near the $0.368 level or the 50% Fib retracement level of the recent wave from the $0.3536 swing low to the $0.3850 high. A downside break below the $0.368 level could open the doors for a fresh decline toward $0.354. The next major support is near the $0.332 level.
Technical Indicators
4 hours MACD – The MACD for ADA/USD is losing momentum in the bullish zone.
4 hours RSI (Relative Strength Index) – The RSI for ADA/USD is now above the 50 level.
Major Support Levels – $0.375, $0.368, and $0.354.
Major Resistance Levels – $0.385, $0.396, and $0.420.


Cardano’s price is attempting a recovery wave above $0.375. ADA could gain bullish momentum if it settles above the $0.3850 resistance zone. ADA price is slowly moving higher from the $0.360 zone against the US dollar. The price is trading above $0.370 and the 100 simple moving average (4 hours)....

newsbtc.com

ADA Price (Cardano) Breaking This Resistance Could Spark Bullish Moves

One of Saturday’s biggest movers is XRP, which rose to a 30-day high earlier in today’s session. The token rose for a third consecutive day, as bulls returned to the market to start the weekend. Cardano was another notable gainer today.
XRP
XRP (formerly ripple), moved to a one-month high on Saturday, as bulls began to gradually renter the market.
Following a low of $0.4614 on Friday, XRP/USD raced to a peak of $0.4777 earlier in the day.
As a result of the surge, the token climbed to its highest level since April 30, when it was last above $0.4800.

Looking at the chart, the move came as XRP bulls broke out of a key resistance level at the $0.4750
This occurred as the relative strength index (RSI) also moved beyond a ceiling at the 57.00 mark.
At the time of writing this, the index is now at a reading of 58.18, with the next target for bulls potentially at 62.00.

Cardano (ADA)
Cardano (ADA), was also in the green to start the weekend, with prices moving further away from a recent support level.
ADA/USD hit an intraday high of $0.3667 earlier in today’s session, which comes following a low of $0.3564 on Friday.
The move has resulted in cardano climbing to its strongest point since Wednesday, moving away from the aforementioned floor at $0.3550 in the process.

From the chart, ADA has begun to consolidate, with price now retreating from its earlier highs, following a collision with a ceiling on the RSI.
Price strength has failed to move past a point of resistance of 44.00 which has pushed the token to a current reading of $0.3638.
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What is the highest point cardano will hit this weekend? Let us know your thoughts in the comments.




One of Saturday&#x2019;s biggest movers is XRP, which rose to a 30-day high earlier in today&#x2019;s session. The token rose for a third consecutive day, as bulls returned to the market to start the weekend. Cardano was another notable gainer today. XRP XRP (formerly ripple), moved to a one-mont...

Cardano price	$0.376192
Low - High 24H	$0.373386 - $0.379701
Market cap	$13.18B
Volume 24H	$136.98M
All time high	$3.09 -87.81% September 2nd 2021
All time low	$0.019253 1854.23% March 13th 2020
Genesis date	N/A

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