Cardano Price Analysis: ADA/USD at Potentially Major Turning Point

Key Highlights ADA price is struggling to clear a major resistance area near $0.0800 against the US Dollar (tethered). There is a monster long term bearish trend line formed with resistance at $0.0780 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair must break the $0.0780 and $0.0800 resistance levels to move into a bullish zone. Cardano price is currently consolidating against the US Dollar and Bitcoin. ADA/USD is facing a significant resistance near the $0.0780-0.0800 zone. Cardano Price Analysis Recently, cardano price spiked above…

Cardano Price Analysis: ADA/USD Could Extend Slides To $0.0720

Key Highlights ADA price failed to gain momentum above $0.0800 and declined recently against the US Dollar (tethered). There is a key bearish trend line formed with resistance at $0.0790 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is likely to extend the current decline towards the $0.0735 or $0.0720 levels. Cardano price moved into a short term bearish zone against the US Dollar and Bitcoin. ADA/USD could drop to $0.0720 before buyers take a stand. Cardano Price Analysis There were a couple of…

Cardano Price Analysis: ADA/USD Showing Positive Signs Above $0.080

Key Highlights ADA price is trading with a bullish angle above the $0.0800 support against the US Dollar (tethered). There was a break above a major bearish trend line with resistance at $0.0820 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is likely to continue higher towards the $0.0880 and $0.0900 levels in the near term. Cardano price is slowly moving higher against the US Dollar and Bitcoin. ADA/USD could continue to trade higher and dips remain supported near $0.0820. Cardano Price Analysis There…

Tron, Cardano Could Lead Altcoin Break outs

Thanks to a one percent gain in the last day, Cardano is the top performer in the top 10 with Tron leading after adding 1.5 percent. All in all, we anticipate gains today and that’s why we recommend buying on dips at spot rates with stops at fitting support levels. In the meantime, patience should prevail in XLM, EOS and in Litecoin since prices are still below key resistance levels. Let’s have a look at these charts: EOS Price Analysis As the week concludes, EOS price continue to oscillate within…

Cardano Launches Rust Project to Entice Third-Party Developers

Cardano, the platform underpinning ADA, the ninth largest cryptocurrency by market cap, is opening its doors to third-party developers through a new client, written in systems programing language Rust. “As a project matures and grows, you need to satisfy the demands of different clients,” Charles Hoskinson, CEO at IOHK, the blockchain development company behind Cardano, told Bitcoin Magazine.   IOHK made the announcement on October 1, 2018, exactly one year after it launched Byron, the first version of Cardano’s settlement layer, which was built in the functional programming language Haskell.…

Cardano Price Analysis: ADA/USD Could Correct To $0.08 Before Higher

Key Highlights ADA price is trading above the $0.0840 support and the 100 hourly SMA against the US Dollar (tethered). There is a major bullish trend line formed with support at $0.0840 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair could correct lower in the short term towards $0.0800 before buyers appear. Cardano price is trading in a bullish zone against the US Dollar and Bitcoin. ADA/USD is likely to trade above $0.0900 after a minor downside correction. Cardano Price Analysis After trading as…

Cardano Price Analysis: ADA/USD Could Test $0.10

Key Highlights ADA price is moving in a positive zone above the $0.0850 level against the US Dollar (tethered). There is a major bullish trend line in place with support at $0.0870 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is likely to move towards $0.1000 and $0.1050 as long as it is above $0.0800. Cardano price is gaining momentum against the US Dollar and Bitcoin. ADA/USD may perhaps continue to slowly rise towards the $0.1000 resistance. Cardano Price Analysis There was a decent…

Litecoin, Stellar Lumens, Monero, Cardano, EOS Price Analysis

Sep 18 flash gains are quickly evaporating giving way for solid Sep 17 losses backed by high level of participation syncing with the dominant trend—that of sellers. That is why, it’s likely that EOS, Litecoin, Stellar Lumens, Monero and Cardano prices might drop in coming days with Cardano for example dipping below 6 cents and printing new lows. Litecoin is also poised to shed some more so if there are dips below $50 before the weekend. Let’s have a look at these charts: EOS Price Analysis Latest EOS News Block…

Litecoin, Monero, Cardano, Stellar Lumens, EOS Price Analysis

Undoubtedly, altcoins are under immense pressure. Laying out this is the increase of Bitcoin dominance to over 55 percent showing investors shifting their capital from altcoins to Bitcoin. All in all, rousing developments in EOS, they are set to unveil new dApps, should prop prices while a damning analysis by Tushar Jain, the MD of Multicoin could trigger renewed criticism on Litecoin and Charlie Lee further damping prices. Let’s have a look at these charts: EOS Price Analysis Latest EOS News According to reports from IMEOS, the CEO of EOS–Brendan…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, September 14

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Mike Novogratz, founder and CEO of crypto investment firm Galaxy Digital Capital Management, called a bottom in cryptocurrencies on September 13, while conversely the Chief Commercial Officer of BitPay, Sonny Singh believes that Bitcoin will resurge in 2019 but that altcoins “will never come…