Cardano

Get Cardano (ADA) all time high price, historical charts, latest news and other information.

Cardano (ADA) price looks bullish as it does a U-turn on Monday following negative economic spikes from China getting crypto traders all worried.
In addition, many major corporations are exiting Russia, including McDonald’s. All of these factors contribute to heightened risk sentiment making it entirely difficult for major cryptocurrencies to elevate in price than usual. 
This could also mean bad news for ADA; risking a 32% correction. The negative sentiment has been growing enormously which also signal a downward trend in the next quarters.
As of this writing, the crypto is trading at $0.560514 on Coingecko, Wednesday, down 10% in the last seven days.
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ADA Heading For A Nosedive Below $0.40
Tail risks pad up incessantly and it doesn’t seem to end which could mean ADA investors might head for the exit anytime soon.
ADA price is heading for a nosedive right below the $0.47 price point or at the low end of the distribution zone which could even reach $0.38.
On the brighter side, with the developments happening in the global economics and to the Cardano community, the first trading day of the week has shown promise of recovery. In fact, ADA price could possibly go towards $0.687 and move up to $0.915.

ADA total market cap at $18.09 billion on the daily chart | Source: TradingView.com
Even though Cardano suffered a massive drop during the past week, it managed to recover and reach $0.613 on May 16. Meanwhile, Cardano is currently shaking it off after its gains of 4%.
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It went through a three-day bounce right there as shown over the weekend. The whale activity was seen for Cardano which signaled a deviation in price direction.
Cardano TVL is at around $174.74 million. Now, it may seem like the increase is totally insignificant but it’s a winning jump since it has been steadily declining from its peak TVL of $434.74 million in the first quarter or March 28.

The difference between cardano and the other alts. They pay to do stuff like this. The Cardano Community just does it themselves out of love for the ecosystem and philosophy. We got marketing. It's three million strong and growing. https://t.co/cRdnmGZPZz
— Charles Hoskinson (@IOHK_Charles) May 16, 2022

Cardano Flag On Mount Everest Summit
Charles Hoskinson, Cardano Founder, is loud and proud to have reached the Mount Everest summit. He was ecstatic about the raving support of the community. His remark saying “we got marketing,” definitely speaks volumes of his optimism despite the downward trend that ADA has displayed the previous days.
The Cardano CEO is proud to have a strong and dedicated community comprised of 3 million members and still growing. The native tokens of Cardano also went up to 4.7 million.
Moreover, Cardano has also managed to get $20 million more in funding since Mary 13. Its TVL has jumped from 18 million a few days ago to $137 million on May 16 – that is a 6% change of TVL in a matter of 24 hours.
Featured image from Coinbase, chart from TradingView.com


Cardano (ADA) price looks bullish as it does a U-turn on Monday following negative economic spikes from China getting crypto traders all worried. In addition, many major corporations are exiting Russia, including McDonald’s. All of these factors contribute to heightened risk sentiment making it e...

newsbtc.com

Cardano (ADA) Could Slide Back To $0.40 – But $0.68 Still Doable

ADA has rallied over 50% since the crash on May 12th, with the price now sitting under a key resistance.
Key Support levels: $0.40 
Key Resistance levels: $0.60, $0.75
In the past few days, ADA entered a relief rally, moving very fast from the key support at $0.40 towards the resistance at $0.60. Buyers have to maintain this momentum if they wish to push prices above $0.60 and towards the next important level at $0.75.
Chart by TradingView
Technical Indicators
Trading Volume: The volume spiked on May 12th but then quickly faded. Nevertheless, the price managed to pull a significant recovery.
RSI: The daily RSI fell under 30 points but has now recovered and is currently trying to make a higher low. If successful, ADA could prepare the stage for a sustained recovery.
MACD: The daily MACD remains bearish, but the histogram is making higher lows. So long this continues, there are reasons to be optimistic in the near term.
Chart by TradingView
Bias
The bias for ADA is neutral. The cryptocurrency has to break the key resistance at $0.60 to turn bullish.
Short-Term Prediction for ADA Price
Cardano suffered a significant correction this year, going from $1.6 (January) to $0.40 (May). At the time of this writing, it seems as if the cryptocurrency has a chance to enter a sustained relief rally. However, it’s important to remain very careful as the market remains very volatile.


ADA has rallied over 50% since the crash on May 12th, with the price now sitting under a key resistance. Key Support levels: $0.40  Key Resistance levels: $0.60, $0.75 In the past few days, ADA entered a relief rally, moving very fast from the key support at $0.40 towards the resistance at $0.60....

cryptopotato.com

ADA Price Analysis: Cardano Rallies 50% From May 12th Crash, is the Bottom in?

Bitcoin jumped to above $31,000 but was quickly stopped in its tracks and is now back below the $30,000 line. Most altcoins are also relatively calm on a daily scale, with Cardano being among the few exceptions after a near 6% increase.
Bitcoin Failed at $31K
Last week turned out to be one of the most violent for the primary cryptocurrency in recent history as it dipped to an 18-month low of $25,300. Despite recovering several thousand dollars, the week still closed in the red, making it seven in a row.
This came even with yesterday’s price increase to and beyond $30,000. In fact, the asset jumped to a multi-day high of over $31,000, where it stood for a while but ultimately failed.
The subsequent rejection drove it south by more than $2,000. In just a matter of hours, BTC slumped to around $29,500. As of now, it sits a few hundred dollars upwards and is close to the $30,000 mark.
Bitcoin’s market capitalization, which is down by over $100 billion in a week or so, is now situated at $565 billion. Its dominance over the altcoins has increased during the most recent corrections and is above 44%.
BTCUSD. Source: TradingView
ADA Leads as Alts Stall
The alternative coins experienced similar if not worse retracements than bitcoin since the start of the month.
Ethereum went from over $3,000 to a multi-month low of $1,700 in days. It bounced off and reclaimed $2,000 in the following days and remains there now as well.
Binance Coin is close to $300 after a minor daily increase. Ripple, Polkadot, Dogecoin, Avalanche, and Shiba Inu are also slightly in the green now.
Solana and Cardano have jumped the most on a 24-hour scale. SOL is up by 4.5%, while ADA has increased by 5.5% to $54 and $0.56, respectively.
The crypto market cap continues to struggle below $1.3 trillion. The metric lost more than $500 billion since the correction started in early May.
Cryptocurrency Market Overview. Source: Quantify Crypto


Cardano and Solana charted the most impressive gains from the larger-cap alts, while bitcoin failed at breaching $30,000. 

Cardano Jumps 6%, Bitcoin’s Consolidation Below $30K Continues (Market Watch)

Pseudonymous crypto trader and analyst Capo tweets that Cardano (ADA) is bound to go on a massive downward trend. 
This popular crypto trader with over 307,500 followers on Twitter predicted a massive plunge before the coin finishes its five-waved downward trajectory following the Elliott Wave Theory.
The Elliott Wave Theory pertains to a technical analysis that can predict price action by looking into mind psychology or crowd behavior that can be seen in waves. 
Based on the theory, the crypto asset would always go through a predictive five-wave cycle before it makes that pivot or reversal.
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Before the coin completes its five-wave downward course, Capo anticipates a catastrophic crash (Coingape).
Capo Predictions On ADA, BTC, Terra, STEPN
According to Capo, ADA is on its way to completing the fourth wave which means it’s ready for that final wave.
Cardano is currently trading at $0.55 which is categorically 45% above the target price point of $0.30.
Cryptocurrencies recovered quite a bit on Friday but crashed today which appeared to be a roller-coaster ride of sorts.
The erratic market moves have been worrisome for many crypto traders and investors alike. Bitcoin (BTC) has fallen by 3.6% and Cardano (ADA) went down by 6.65%.
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With the Federal Reserve pulling a tight rein on monetary policy, there isn’t a hint of a bullish trend. With the way things are going, many traders are looking for safer crypto assets compared to riskier ones.
Meanwhile, Capo is also keeping a steady eye on STEPN, a move-to-earn app built on the Solana blockchain. Capo says that he is looking at a significantly low trading value of $0.60. Looks like GMT is heading down the basement, as he describes. GMT is currently trading at $1.52.

ADA total market cap at $18.42 billion on the weekend chart | Source: TradingView.com
Bitcoin Still Better Than Cardano?
Outlook for Bitcoin looks good as it continues to correct after going over the key support locked in at $30,000. The $30,000 support supposedly jarred it. A two-day candle has closed right below it and currently tapping that zone as support. At this point, this spot is still not good for buying.
Adding salt to the wound is the miserable turnout in the market value of TerraUSD that is pegged to USD. It’s now priced at $0.18 this week. Meanwhile, TerraUSD is mapping out a recovery plan this week.
Overall, Cardano is more volatile compared to Bitcoin although it appeals greatly to the broader market, in general. 
Bitcoin has more promise to be bullish for the long term compared to other coins, including ADA.
Featured image from Forkast News, chart from TradingView.com


Pseudonymous crypto trader and analyst Capo tweets that Cardano (ADA) is bound to go on a massive downward trend. This popular crypto trader with over 307,500 followers on Twitter predicted a massive plunge before the coin finishes its five-waved downward trajectory following the Elliott Wave The...

Crypto Analyst Predicts 1 Altcoin Will Fall Down Hard – Is It Cardano?

A widely followed crypto trader is predicting further corrective moves smart contract platform Cardano (ADA) and one of this year’s trending altcoins.
Pseudonymous crypto analyst Capo tells his 307,500 Twitter followers ADA is poised for another leg down before it completes its five-wave downtrend, based on the Elliott Wave theory.

“ADA
Fifth wave missing.
Main support is $0.30 – $0.35.”
Source: Capo/Twitter
The Elliott Wave theory is a technical analysis approach that attempts to predict future price action by following crowd psychology that tends to manifest in waves. According to the theory, an asset goes through a five-wave cycle before a major market reversal.
Capo says that ADA is about to complete its fourth wave, suggesting the coin is ready for a final flush. Cardano is trading at $0.55 at time of writing, which is 45% above the analyst’s downside target of $0.30.
Capo is also keeping a close watch on the move-to-earn protocol STEPN (GMT) which is built on the Solana (SOL) blockchain. According to the crypto strategist, he sees GMT trading as low as $0.60.
“GMT has come home, but now it has to go down to the basement.”
Source: Capo/Twitter
GMT is trading at $1.52 at time of writing.
Looking at Bitcoin (BTC), Capo says he expects BTC to continue correcting after breaching the key psychological support of $30,000.
“After the fifth touch of the $30,000 support, it broke it. Previous two-day candle closed below it, and now it’s testing that zone as support. In my opinion, this is not a good spot to buy. It hasn’t even reclaimed that level on a high timeframe close. $21,-$23,000 still in play.”
Source: Capo/Twitter
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The post Top Crypto Analyst Predicts Massive Price Dive for Cardano, Says One Solana-Based Altcoin Will ‘Go Down to the Basement’ appeared first on The Daily Hodl.


A widely followed crypto trader is predicting further corrective moves smart contract platform Cardano (ADA) and one of this year&#8217;s trending altcoins. Pseudonymous crypto analyst Capo tells his 307,500 Twitter followers ADA is poised for another leg down before it completes its five-wave do...

Cardano price	$0.536257
Low - High 24H	$0.495057 - $0.54378
Market cap	$18.12B
Volume 24H	$921.47M
All time high	$3.09 -82.59% September 2nd 2021
All time low	$0.019253 2690.89% March 13th 2020
Genesis date	N/A

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