<p style="margin-left:0px;">TheADA is a Decentralized and Scalable NFT Staking Protocol, governed by the community. Cardano is the market leader in PoS as a collection of protocols for economic support to billions of people. Over the last decade, the decentralized Finance (DeFi) space has been forced to evolve to keep pace with the development of the digital asset market. TheADA protocol will power foundational the new wave of flexible financial markets by providing a layer for instant stake approval, automated APR, trustless custody, and liquidity.&nbsp;</p><p style="margin-left:0px;">We believe Cardano will mature to be the Layer 1 platform of choice as developers and investors recognize the network’s potential to challenge the embedded status quo of monopolistic power structures within the world of crypto. As such, Cardano focuses on moving toward an all-inclusive technological standard and open platform with unmatched security and tremendous blockchain speed, all of which result in lower transaction fees. Since the Cardano project is under the administration of a non-profit foundation and offers many advanced functionalities, we project that most future blockchain and crypto projects will look to Cardano as the better option against its competitors.</p>

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The ADA

<div><div><a target="_blank" href="https://cryptomode.com/wp-content/uploads/2024/04/Cryptomode-Exchange-March-338-15.png"><p><img srcset="https://cryptomode.com/wp-content/uploads/2024/04/Cryptomode-Exchange-March-338-15-750x420.png 750w, https://cryptomode.com/wp-content/uploads/2024/04/Cryptomode-Exchange-March-338-15-300x168.png 300w, https://cryptomode.com/wp-content/uploads/2024/04/Cryptomode-Exchange-March-338-15-1024x574.png 1024w, https://cryptomode.com/wp-content/uploads/2024/04/Cryptomode-Exchange-March-338-15-768x430.png 768w, https://cryptomode.com/wp-content/uploads/2024/04/Cryptomode-Exchange-March-338-15-1140x639.png 1140w, https://cryptomode.com/wp-content/uploads/2024/04/Cryptomode-Exchange-March-338-15.png 1456w" src="https://cryptomode.com/wp-content/uploads/2024/04/Cryptomode-Exchange-March-338-15-750x420.png" alt="Cryptomode Why Cardano Is About to Pump: Analyst" /></p></a></div><div><p><a href="https://cryptomode.com/linkout/22473" target="_blank"><img src="https://cryptomode.com/wp-content/uploads/2023/11/Rebel_Satoshi_-_728x90_728_x_90_px.gif" alt /></a></p></div><div><p><span>Based on current market dynamics, Analyst Michael Wrubel is optimistic about a Cardano pump soon.</span></p><p><span>According to the analyst, Bitcoin’s (BTC) current price level of $64,000 is a pivotal point for future movements, <a href="https://www.youtube.com/watch?v=gUX0oX-lt7g&amp;embeds_referring_euri=https%3A%2F%2Fcryptomode.com%2F&amp;feature=emb_imp_woyt" target="_blank">impacting major altcoins, including Cardano</a>. According to him, recent investments by heavyweight financial firms such as BlackRock and Fidelity into Bitcoin-related assets hint at a bullish outlook for the market. </span></p><p><span>The analyst points out that large-scale transactions involving 25 billion Cardano tokens have been recorded, suggesting strong interest from institutional players and “whale” investors. According to him, given the current market dynamics, this movement within the ADA market indicates growing confidence and a potential uptick in its valuation. However, <a href="https://cryptomode.com/news/will-cardano-reach-a-low-anytime-soon/" target="_blank">some analysts warn</a> Cardano could hit a $0.399 low soon as it faces some resistance at $0.523.</span></p><p><iframe width="500" height="281" src="https://www.youtube.com/embed/gUX0oX-lt7g?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share"></iframe></p><p><span>In line with the analysis, insights from IntoTheBlock reveal that Cardano whales have been busy. The analytics firm reports that the altcoin has seen an average large transaction volume of $13.84B daily in the last seven days. However, <a href="https://cryptomode.com/news/bitcoin-tron-holders-are-in-profit/" target="_blank">data dated five days back showed</a> that most ADA holders were still not profitable.</span></p><blockquote><p>Cardano whales are busy, with an average large transaction volume of $13.84B a day in the last 7 days.</p><p>For comparison, this is a third of Bitcoin's current volume, 5x as much as Litecoin's volume and over 16x that of Dogecoin! <a href="https://t.co/xU2XMoEQbM" target="_blank">pic.twitter.com/xU2XMoEQbM</a></p><p>— IntoTheBlock (@intotheblock) <a href="https://twitter.com/intotheblock/status/1784884934630334669?ref_src=twsrc%5Etfw" target="_blank">April 29, 2024</a></p></blockquote><h2><span>Cardano Market Review: How Is ADA Doing Today?</span></h2><p><span>Looking at an in-depth analysis of Cardano price charts, we see a marked consolidation phase identified by a rectangular pattern, suggesting a period of indecision among traders. This is further supported by the price hovering around a central value without significantly moving up or down within the rectangle. </span></p><p><img src="https://cryptomode.com/wp-content/uploads/2024/04/Apex_1714395892410.png" alt srcset="https://cryptomode.com/wp-content/uploads/2024/04/Apex_1714395892410.png 2548w, https://cryptomode.com/wp-content/uploads/2024/04/Apex_1714395892410-300x144.png 300w, https://cryptomode.com/wp-content/uploads/2024/04/Apex_1714395892410-1024x490.png 1024w, https://cryptomode.com/wp-content/uploads/2024/04/Apex_1714395892410-768x368.png 768w, https://cryptomode.com/wp-content/uploads/2024/04/Apex_1714395892410-1536x735.png 1536w, https://cryptomode.com/wp-content/uploads/2024/04/Apex_1714395892410-2048x981.png 2048w, https://cryptomode.com/wp-content/uploads/2024/04/Apex_1714395892410-750x359.png 750w, https://cryptomode.com/wp-content/uploads/2024/04/Apex_1714395892410-1140x546.png 1140w" /></p><p><span>4-hour ADA/USD Chart | Source: </span><a href="https://www.tradingview.com/symbols/ADAUSD/" target="_blank"><span>TradingView</span></a></p><p><span>On the other hand, looking at indicators, we see that the Money Flow Index (MFI) is at 51.42, which is relatively neutral but slightly on the higher side. It is neither in the overbought region nor the oversold region, suggesting there isn’t a clear signal regarding market sentiment from this indicator. The Volume Oscillator shows a negative 16.65%, indicating that volume decreased during the period shown. This could imply a lack of strong conviction in the market moves and potentially weaken the current trend. Based on </span><a href="https://coinmarketcap.com/currencies/cardano/" target="_blank"><span>stats from CoinMarketCap</span></a><span>, we see that the Cardano price is $0.4547, a slight decrease over the last day by 3.15%. </span></p></div></div>

Cryptomode

Why Cardano Is About to Pump: Analyst

<div>
<p>The global cryptocurrency market has kicked off the week with a 2.48% loss in its overall market capitalization, accompanied by a 2.5% decline in the price of the leading cryptocurrency, Bitcoin, which now hovers near the critical support level at $62,000.</p>
<p>In line with the broader market trend, the ADA token has been experiencing a bearish trajectory, with its price closely approaching the significant support level of $0.440. Year-to-Date (YTD) statistics reveal a concerning -23.69% decline, raising apprehensions among investors regarding ADA’s future prospects.</p>
<h2 id="h-mixed-sentiment-in-cardano-price"><strong>Mixed Sentiment in Cardano Price</strong></h2>
<p>ADA’s recent price action reflects a bearish sentiment, with a 3.84% correction in the past day and a 10.91% dip over the past week. Despite attempts to rally, the token struggles to surpass the $0.50 mark, facing resistance from the 200-day Exponential Moving Average (EMA), signaling a strong bearish stance. Additionally, a potential Death Cross looms in the 1-day timeframe, indicating further bearish pressure.</p>
<figure><img src="https://lh7-us.googleusercontent.com/QTEwJ431_TAa1164bBmrRwXYk6VZCCrxIVs4S9A-LXWwKOrQBrAaWLgfXE0sLVW1XEkQErVCYasgZumDGm1GdkfCQ1Jnz1gRjI3yvadg8wwzCl_thctXLYemewhpVt_ED6WcBKE6sWsuyR_k1YCixqU" alt /></figure>
<p><em><sub>Source: <a target="_blank" href="https://coinmarketcap.com/dexscan/bsc/0x29c5ba7dbb67a4af999a28cc380ad234fe7c1b86/">CoinMarketCap</a></sub></em></p>
<p>The Moving Average Convergence Divergence (MACD) indicator shows a flatline, suggesting weak buying and selling pressures. Neutral trends in the averages underscore uncertainty in future price movements.</p>
<p>Related article: <a target="_blank" href="https://www.fxcryptonews.com/cardanos-1-5-billion-treasury-milestone-community-led-decisions-ahead/">Cardano’s $1.5 Billion Treasury Milestone: Community-Led Decisions Ahead</a></p>
<h2 id="h-prospects-for-ada-price"><strong>Prospects for ADA Price</strong></h2>
<p>Should bullish momentum return, ADA’s price may test the $0.52 resistance level this week. Sustained trading at this level could pave the way for an attempt to breach the upper resistance at $0.61 in the following week.</p>
<p>Related article: <a target="_blank" href="https://www.fxcryptonews.com/cardanos-governance-revolution-bridging-the-gap-with-community-engagement/">Cardano’s Governance Revolution: Bridging the Gap with Community Engagement</a></p>
<p>Alternatively, if bullish efforts falter, ADA’s price may drop to test the critical support level at $0.440. Continued bearish dominance could lead to a further decline, potentially testing the $0.40 mark by the end of the month.</p>
<figure></figure>
<p>The outlook for Cardano remains uncertain amidst prevailing bearish sentiment in the cryptocurrency market. Traders and investors alike will closely monitor price movements, awaiting clear signals of trend reversal or further downside</p>
		</div><div>
				<p><strong>Disclaimer:</strong> The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.</p>
				</div>

FxCryptoNews

Cardano’s Trajectory: Analyzing Recent Trends and Technical Indicators

<div>
 <div>
 <p><em>Cardano (ADA) is moving lower below the $0.500 resistance zone. ADA could gain bearish momentum and decline if it stays below the 100 SMA (H4).</em></p>
<ul>
<li>ADA price is slowly moving lower from the $0.520 zone.</li>
<li>The price is trading below $0.500 and the 100 simple moving average (4 hours).</li>
<li>There is a key bearish trend line forming with resistance at $0.4740 on the 4-hour chart of the ADA/USD pair (data source from Kraken).</li>
<li>The pair could attempt a fresh increase if the bulls remain active above the $0.4280 support.</li>
</ul>
<h2>Cardano Price Faces Key Hurdles</h2>
<p>In the past few days, Cardano saw a steady decline from the $0.520 resistance zone, like <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-grinds-lower-62k/" target="_blank">Bitcoin</a> and <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-reverse-gains-3220/" target="_blank">Ethereum</a>. ADA price declined below the $0.500 and $0.4950 levels to enter a bearish zone.</p>
<p>There was a move below the 50% Fib retracement level of the upward move from the $0.4000 swing low to the $0.5201 high. It even declined below $0.4650 and tested $0.450. The price is now trading below $0.500 and the 100 simple moving average (4 hours).</p>
<p>There is also a key bearish trend line forming with resistance at $0.4740 on the 4-hour chart of the ADA/USD pair. The bulls seem to be active near the $0.450 zone and the 61.8% Fib retracement level of the upward move from the $0.4000 swing low to the $0.5201 high.</p>
<p>On the upside, immediate resistance is near the $0.4740 zone, the 100 simple moving average (4 hours), and the trend line. The first resistance is near $0.4920. The next key resistance might be $0.500. If there is a close above the $0.50 resistance, the price could start a strong rally.</p>
<p><a target="_blank" href="https://www.newsbtc.com/wp-content/uploads/2024/04/Cardano-ADA_6405af.png?resize=1024%2C461"><img src="https://www.newsbtc.com/wp-content/uploads/2024/04/Cardano-ADA_6405af.png?resize=1024%2C461" alt="ADA Price Prediction" srcset="https://www.newsbtc.com/wp-content/uploads/2024/04/Cardano-ADA_6405af.png?resize=1024%2C461?w=1835 1835w, https://www.newsbtc.com/wp-content/uploads/2024/04/Cardano-ADA_6405af.png?resize=1024%2C461?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/04/Cardano-ADA_6405af.png?resize=1024%2C461?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/04/Cardano-ADA_6405af.png?resize=1024%2C461?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/04/Cardano-ADA_6405af.png?resize=1024%2C461?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/04/Cardano-ADA_6405af.png?resize=1024%2C461?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/04/Cardano-ADA_6405af.png?resize=1024%2C461?w=1140 1140w" /></a></p>
<p>Source: <a href="https://www.tradingview.com/symbols/ADAUSD/" target="_blank">ADAUSD on TradingView.com</a></p>
<p>In the stated case, the price could rise toward the $0.5250 region. Any more gains might call for a move toward $0.5650.</p>
<h2>More Losses in ADA?</h2>
<p>If Cardano’s price fails to climb above the $0.4740 resistance level and the 100 simple moving average (4 hours), it could continue to move down. Immediate support on the downside is near the $0.450 level.</p>
<p>The next major support is near the $0.4280 level. A downside break below the $0.4280 level could open the doors for a test of $0.40. The next major support is near the $0.3880 level.</p>
<p>Technical Indicators</p>
<p>4 hours MACD – The MACD for ADA/USD is gaining momentum in the bearish zone.</p>
<p>4 hours RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 level.</p>
<p>Major Support Levels – $0.4500, $0.4280, and $0.4000.</p>
<p>Major Resistance Levels – $0.4740, $0.5000, and $0.5200.</p>
 <p>Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.</p>
 </div>
 <div>
		<p><img alt="Aayush Jindal" src="https://secure.gravatar.com/avatar/a4650459bf0ce4ce9ed18195cbf5a02d?s=80&amp;d=mm&amp;r=g" srcset="https://secure.gravatar.com/avatar/a4650459bf0ce4ce9ed18195cbf5a02d?s=160&amp;d=mm&amp;r=g 2x" />		</p>
		<div>
			<p>
				Aayush is a Senior Forex, Cryptocurrencies, and Financial Market Strategist. He specializes in market strategies and technical analysis and has spent over 15 years as a financial markets contributor and observer. He also founded an IT company and works rigorously in providing high-quality software services.
Aayush possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the currency, commodities, Bitcoin, and Ethereum markets. Follow him on Twitter @AayushJs.			</p>
		</div>
	</div> 
 </div>

NewsBTC

ADA Price Prediction – Can Cardano Reclaim 100 SMA and Rally?

<article>
<div>
<p><em>Cardano (ADA) is moving lower below the $0.500 resistance zone. ADA could gain bearish momentum and decline if it stays below the 100 SMA (H4).</em></p>
<ul>
<li>ADA price is slowly moving lower from the $0.520 zone.</li>
<li>The price is trading below $0.500 and the 100 simple moving average (4 hours).</li>
<li>There is a key bearish trend line forming with resistance at $0.4740 on the 4-hour chart of the ADA/USD pair (data source from <a target="_blank" title="Kraken" href="https://www.cryptobreaking.com/go/kraken/">Kraken</a>).</li>
<li>The pair could attempt a fresh increase if the bulls remain active above the $0.4280 support.</li>
</ul>
<h2>Cardano Price Faces Key Hurdles</h2>
<p>In the past few days, Cardano saw a steady decline from the $0.520 resistance zone, like <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-grinds-lower-62k/" target="_blank">Bitcoin</a> and <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-reverse-gains-3220/" target="_blank">Ethereum</a>. ADA price declined below the $0.500 and $0.4950 levels to enter a bearish zone.</p>
<p>There was a move below the 50% Fib retracement level of the upward move from the $0.4000 swing low to the $0.5201 high. It even declined below $0.4650 and tested $0.450. The price is now trading below $0.500 and the 100 simple moving average (4 hours).</p>
<p>There is also a key bearish trend line forming with resistance at $0.4740 on the 4-hour chart of the ADA/USD pair. The bulls seem to be active near the $0.450 zone and the 61.8% Fib retracement level of the upward move from the $0.4000 swing low to the $0.5201 high.</p>
<p>On the upside, immediate resistance is near the $0.4740 zone, the 100 simple moving average (4 hours), and the trend line. The first resistance is near $0.4920. The next key resistance might be $0.500. If there is a close above the $0.50 resistance, the price could start a strong rally.</p>
<p><a target="_blank" href="https://i0.wp.com/www.newsbtc.com/wp-content/uploads/2024/04/Cardano-ADA_6405af.png?ssl=1"><img src="https://i0.wp.com/www.newsbtc.com/wp-content/uploads/2024/04/Cardano-ADA_6405af.png?resize=788%2C355&amp;ssl=1" alt="ADA Price Prediction" srcset="https://i0.wp.com/www.newsbtc.com/wp-content/uploads/2024/04/Cardano-ADA_6405af.png?resize=788%2C355&amp;ssl=1?w=1835 1835w, https://i0.wp.com/www.newsbtc.com/wp-content/uploads/2024/04/Cardano-ADA_6405af.png?resize=788%2C355&amp;ssl=1?w=460 460w, https://i0.wp.com/www.newsbtc.com/wp-content/uploads/2024/04/Cardano-ADA_6405af.png?resize=788%2C355&amp;ssl=1?w=768 768w, https://i0.wp.com/www.newsbtc.com/wp-content/uploads/2024/04/Cardano-ADA_6405af.png?resize=788%2C355&amp;ssl=1?w=860 860w, https://i0.wp.com/www.newsbtc.com/wp-content/uploads/2024/04/Cardano-ADA_6405af.png?resize=788%2C355&amp;ssl=1?w=1536 1536w, https://i0.wp.com/www.newsbtc.com/wp-content/uploads/2024/04/Cardano-ADA_6405af.png?resize=788%2C355&amp;ssl=1?w=750 750w, https://i0.wp.com/www.newsbtc.com/wp-content/uploads/2024/04/Cardano-ADA_6405af.png?resize=788%2C355&amp;ssl=1?w=1140 1140w" /></a></p>
<p>Source: <a href="https://www.tradingview.com/symbols/ADAUSD/" target="_blank">ADAUSD on TradingView.com</a></p>
<p>In the stated case, the price could rise toward the $0.5250 region. Any more gains might call for a move toward $0.5650.</p>
<h2>More Losses in ADA?</h2>
<p>If Cardano’s price fails to climb above the $0.4740 resistance level and the 100 simple moving average (4 hours), it could continue to move down. Immediate support on the downside is near the $0.450 level.</p>
<p>The next major support is near the $0.4280 level. A downside break below the $0.4280 level could open the doors for a test of $0.40. The next major support is near the $0.3880 level.</p>
<p>Technical Indicators</p>
<p>4 hours MACD – The MACD for ADA/USD is gaining momentum in the bearish zone.</p>
<p>4 hours RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 level.</p>
<p>Major Support Levels – $0.4500, $0.4280, and $0.4000.</p>
<p>Major Resistance Levels – $0.4740, $0.5000, and $0.5200.</p>
<p>Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.</p>
<p> Source: <a target="_blank" href="https://www.newsbtc.com/analysis/ada/ada-price-prediction-0-428/">NewsBTC.com</a></p>
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Don’t invest unless you’re prepared to lose all the money you invest.<br />
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