Browsing: Cardano

Cardano (ADA) faces a mild pullback, trading below $0.220 on Monday after a skyrocketing 29% rally in the previous week. On-chain and derivatives data turn slightly bearish as traders appear to take profits following ADA’s massive gains. Technically, the outlook remains bullish, but momentum indicators suggest further upside is becoming increasingly stretched, raising the risk…

Bolstered by a sustained rally and some price-boosting news of its own, Cardano (CRYPTO: ADA) was quite the popular cryptocurrency on the last workday of the week. In late-afternoon trading on Friday, the coin was up more than 16%.

Top altcoins, including Ripple (XRP), Cardano (ADA), and Solana (SOL), are maintaining a bearish tone as the broader market remains risk-averse. XRP is down to a 20-month low, risking a drop below the $1.00 psychological threshold, while ADA and SOL risk losing their recent gains amid a lack of upside momentum.

Bitcoin (BTC) price holds steady above $64,000 on Friday, with the 50-day Exponential Moving Average (EMA) at $64,637 capping gains. The US Senate has delayed the floor vote for the Crypto Clarity Act after the summer recess, starting Monday. Cardano (ADA) and LayerZero (ZRO) hold gains from the previous day’s rebound, outperforming top altcoins over…