Cointime

Cointime

Download App
iOS & Android
Home / Data

Cardano's ADA Price Attempts Recovery Above $0.375 Resistance Zone

Cardano's ADA price is currently attempting to recover and gain bullish momentum by settling above the $0.3850 resistance zone. The price has slowly been moving higher from the $0.360 zone against the US dollar and is trading above $0.370 and the 100 simple moving average (4 hours).

A key bearish trend line with resistance near $0.369 was broken on the 4-hour chart of the ADA/USD pair, indicating the potential for a decent increase if the pair settles above the $0.3850 resistance zone. However, if the price fails to climb above the resistance levels, it could start another decline.

Cardano Cardano $0.47
-0.2%
Cardano
Comments

All Comments

Recommended for you

  • Rune DOG•GO•TO•THE•MOON ranked first in transaction volume in the past 24 hours

    According to Ord.io on social media platform, the top 5 trading volumes for runes in the past 24 hours are:

  • Franklin Templeton Tokenizes $380M U.S. Treasury Fund on Polygon and Stellar

    According to Cryptoslate, Franklin Templeton tokenized a $380 million US government bond fund on the Polygon and Stellar blockchains to enable peer-to-peer (P2P) transfers without intermediaries.The company launched the Franklin on-chain US government money fund (FOBXX) in the form of BENJI tokens. Each token represents a portion of FOBXX and can be traded on public Polygon and Stellar blockchains. This innovation aims to simplify transactions and expand access, allowing investors to manage their assets more flexibly through direct trading.Franklin Templeton is incorporating blockchain technology into its financial operations to enhance asset management liquidity and efficiency. The company is responding to the growing demand of financial institutions by integrating traditional financial structures with modern technological solutions.

  • The US GDP seasonally adjusted annualized rate in the first quarter was 1.6%

    The seasonally adjusted annualized initial value of US GDP for the first quarter was 1.6%, estimated at 2.5%, and the previous value was 3.4%.

  • The total open interest of Bitcoin contracts on the entire network reached 31.41 billion US dollars

    According to Coinglass data, the total open position of Bitcoin futures contracts on the entire network is 487,500 BTC (approximately 31.41 billion US dollars).Among them, the open position of CME Bitcoin contracts is 143,600 BTC (approximately 9.23 billion US dollars), ranking first;The open position of Binance Bitcoin contracts is 109,400 BTC (approximately 7.07 billion US dollars), ranking second.

  • Bitcoin mining difficulty increased by 1.99% to 88.1T yesterday, a record high

    According to BTC.com data reported by Jinse Finance, the mining difficulty of Bitcoin has increased by 1.99% to 88.1T at block height 840,672 (22:51:52 on April 24), reaching a new historical high. Currently, the average network computing power is 642.78EH/s.

  • Crypto mining company Argo mined 1,760 bitcoins last year and earned $50.6 million

    Crypto mining company Argo Blockchain has released its 2023 financial year performance report, which includes:

  • Crypto VC market hits 12-month high in March, with total investment exceeding $1 billion

    According to data from Cointelegraph, the cryptocurrency venture capital market continued to recover in March and April 2024. In March, 161 individual transactions were completed, setting a record in the past 12 months, with a total investment of more than $1 billion, an increase of 52% from the previous month. Although April has not yet ended, as of now, 90 transactions have been completed, attracting more than $820 million in investment.

  • Ethereum Layer 2 TVL has reached $39 billion

    L2BEAT data shows that Ethereum Layer2 TVL has reached $39 billion, with a 7-day increase of 6.66%.

  • Rune token DOG's transaction volume exceeded 100 BTC within 4 hours of launch

    According to data from Ordinal News forwarded by Runestone founder Leonidas, the Bitcoin symbol token DOG broke through a trading volume of 118.72 BTC (approximately $7,685,101 USD) within 4 hours of trading. The trading volume on three platforms was: Magic Eden on Bitcoin: 45.21 BTC; OKX Wallet: 20.37 BTC; UniSat: 53.14 BTC.

  • NFT lending volume exceeds $2 billion in Q1

    According to a report from CoinGecko, the first quarter trading volume of the lending market using non-fungible tokens (NFTs) as collateral exceeded $2 billion, a 44% increase compared to the fourth quarter of 2023. The lending platform Blend has shown significant dominance in the market, with a monthly loan amount of $562.3 million as of March 2024, occupying nearly 93% of the market share.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company