Logo

Featured News

Featured news from the community

Featured Videos

Featured videos from the community. Watch and learn from the best

Latest News

Latest news from the community. Stay up to date with the latest news

Featured Projects

Discover the featured projects on Cardano Feed

ISPOs

Discover the ISPOs on Cardano Feed and earn rewards

Interactive Map

Discover thousand projects Building On Cardano blockchain on interactive map

Cardano Catalyst Proposals

Discover and track proposals on Cardano Catalyst

Featured Events

Discover the featured events on Cardano Feed

Upcoming Events

Discover the upcoming events on Cardano Feed

Featured Courses

Discover the featured courses on Cardano Feed

Cardano Ecosystem
  1. Home
  2. English (en)

C
Coinpedia

02/23/2022

·

10K views


ReportSee on original site

Big News for Cardano Expected Soon! ADA warms up to a Relief Rally!

The post Big News for Cardano Expected Soon! ADA warms up to a Relief Rally!  appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide The price of ADA has found strong support at $0.85 and...

Big News for Cardano Expected Soon! ADA warms up to a Relief Rally!


The price of ADA has found strong support at $0.85 and is now poised to launch a relief rally. 

ADA has fallen below a significant support level of $0.85, and the price is now eager to climb back up to the $1 resistance level. Although the cryptocurrency is unlikely to break above it, market players may soon see a rise towards it. 

Following the recent decline, volume is increasing, and buyers appear to have returned to ADA. As for the technical indicators, Before the price turned around, the daily RSI was on the verge of reaching oversold levels. The RSI is currently rapidly increasing. The daily MACD is still bearish, but if the bullish momentum picks up, the moving averages might see a positive crossover. That would reverse the current pricing trend.

At the time of writing, ADA price is trading at $0.87. The key support level is at $0.85 and the Key resistance levels are at $1 and  $1.1. Currently, the bias is neutral. The indicators point to bullishness, but it’s too soon to bet on it. 

Big Cardano News incoming!

Bitrue, a popular cryptocurrency exchange, recently tweeted that its “major Cardano news” is still in the works

Bitrue had previously stated that it would make a special announcement shortly after the SUNDAE listing to highlight its “true” support for Cardano.

In other news, Bitrue has announced that the next phase of Cardano (ADA) support will begin on February 24. With the debut of OccamFi, Bitrue has been a vocal supporter of Cardano’s effort to be the first trading platform to permit the trade of Cardano native assets. 

In addition, gunnercooke, a law practice in the United Kingdom, has stated that it is now accepting cryptocurrencies like Bitcoin, Ethereum, and Cardano as payment for legal and professional services, claiming to be the first major law firm in the country to do so. Coinpass, a cryptocurrency exchange located in the United Kingdom, has partnered with gunnercooke to make the transfers feasible. 

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

AD

Proposals Catalyst F14 - Cast your vote, search "Otavio" in the Voting App.

If you are you using your ADA to vote in Cardano’s Project Catalyst don’t forget to voice your vote. We would be excited if you can see, comment, share and vote for us. Tip: To find them its easiest to search for "Otavio"Vote for Us


Read Original Article on Coinpedia

ORIGINAL SOURCE

https://coinpedia.org/news/big-news-for-...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


More from Coinpedia

See more
Cardano Whales Holding $10M ADA Grow Positions by 420%, Time to Buy?
C
Coinpedia
Cardano Whales Holding $10M ADA Grow Positions by 420%, Time to Buy?

11/23/2024

·

339 views

After a 250% Rise, Is the Cardano (ADA) Price Preparing for a 175% Rise to Reach $3 This Month?
C
Coinpedia
After a 250% Rise, Is the Cardano (ADA) Price Preparing for a 175% Rise to Reach $3 This Month?

11/23/2024

·

355 views

Cardano (ADA) Price Analysis: Is ADA on Track to Hit $2?
C
Coinpedia
Cardano (ADA) Price Analysis: Is ADA on Track to Hit $2?

11/23/2024

·

345 views

Analyst Highlights Cardano's 200% Surge In Recent Weeks, ADA To Reach Unimaginable Heights?
C
Coinpedia
Analyst Highlights Cardano's 200% Surge In Recent Weeks, ADA To Reach Unimaginable Heights?

11/22/2024

·

357 views

Related News

See more
Pourquoi les vieilles pièces augmentent-elles aujourd'hui? - La Crypto Monnaie
LC
La Crypto Monnaie
Pourquoi les vieilles pièces augmentent-elles aujourd'hui? - La Crypto Monnaie

today at 12:47 PM

·

10 views

REX and Osprey File 21 Altcoin ETF Applications with Staking Features
C
Coinotag
REX and Osprey File 21 Altcoin ETF Applications with Staking Features

today at 11:45 AM

·

3 views

Cardano Tech Summit LATAM 2025 llega a Buenos Aires con su primera edición regional
C
Cointelegraph
Cardano Tech Summit LATAM 2025 llega a Buenos Aires con su primera edición regional

today at 10:03 AM

·

38 views

Only 2 days left to vote in Project Catalyst Fund14! Discover and Vote for our proposals by October 6, 2025 11:00 UTC
CF
Cardano Feed
Only 2 days left to vote in Project Catalyst Fund14! Discover and Vote for our proposals by October 6, 2025 11:00 UTC

today at 9:52 AM

·

202 views

Banner-Tech-Summit-Rio

Voting for Us - Catalyst Fund 14

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)
Logo

© Cardano Feed 2022 - News, Analysis and Price about Cardano (ADA)

Explore

ExploreProjectsISPOsVideosEvents

Create

Submit PRSubmit Project

Cardano Feed

About usAdvertiseTerms of UsePrivacy Policy

Cardano Feed is not affiliated or endorsed by Cardano Foundation, IOHK or Emurgo

The information found on this website does not constitute financial, legal, tax or investment advice and should never be treated as such.