Cardano Price Prediction: As ADA Founder Charles Hoskinson Says “Bull Market Is Just Getting Started,” This Best Crypto Wallet ICO Blasts Past $10M

The Cardano price climbed 2% in the last 24 hours to trade at $0.7968 as of 04:44 a.m. EST on a 47% pump in trading volume to $675 million.

It comes as ADA founder Charles Hoskinson says ”the bull market is just getting started.”

 

“$760 billion left the market due to tariffs, 710,000 people were liquidated, and yet we recovered in 48 hours,” he said. “These are hot markets. This cycle is institution-led. I think Bitcoin hits $250,000 minimum.”

Cardano Price Analysis: Bearish Reversal in Play?

The ADA price has recently experienced a significant price decline after reaching a local high above $1.20.

The Cardano price action is forming a clear rounded top pattern, a classic bearish reversal signal.

A crucial support zone between $0.31 and $0.45 is identified, highlighted by a previous accumulation phase, according to GeckoTerminal data. The chart also Features an arrow pointing downward, indicating the likelihood of a further price decline towards this range.

Additionally, the recent downtrend has been accompanied by rising sell volume, confirming strong bearish momentum. The 50-day Simple Moving Average (SMA) at $0.7455 has been broken but remains close to the price, while the 200-day MA at $0.5021 serves as a critical long-term support level.

The RSI is currently at 46.43, slightly below the neutral 50 level, indicating a bearish tilt but not yet in the oversold zone. This suggests that there is still room for further downside before a potential rebound.

The Moving Average Convergence Divergence (MACD) line (-0.0390) is below the signal line (-0.0099), confirming bearish momentum. The histogram is in negative territory, showing increasing selling pressure.

Cardano Price Chart Analysis Source: GeckoTerminal

ADA Price Prediction

With the formation of a rounded top pattern, a bearish MACD crossover, and the RSI below 50, ADA is likely to continue its downward movement.

The next major support level is between $0.31 and $0.45, aligning with the fair value gap (FVG) level and the 200-day SMA.

In the meantime, investors are flocking to the presale for Best Wallet (BEST), which ClayBro, a popular YouTuber with over 136K subscribers, says is one of the best crypto wallets for 2025.

Best Wallet Presale Blasts Past $10 Million – Next Big Crypto?

Best Wallet is rapidly emerging as a top choice for those entering the cryptocurrency market and its presale has already surged past $10.1 million.

The wallet supports more than 60 blockchains, Features a built-in DEX, presale aggregator, and crypto debit card. Its native token, BEST, powers an ecosystem designed to simplify on-chain activities while minimizing security risks, making it a standout in the competitive crypto wallet space.

Among the many Features of Best Wallet, one is gaining outsized interest from investors. That is its “Upcoming Tokens” section, which helps users discover promising projects that are still in the early stages.

The project’s success in identifying promising projects is already well established. It flagged Pepe Unchained (PEPU) and Catslap (SLAP) meme coins that delivered 500% and 3,000% gains, respectively, for early investors.

Investors can also stake BEST tokens for a huge 163% annual return. Currently, BEST tokens are priced at $0.024025.

Those interested should buy before a price hike in less than 34 hours.

Visit BEST on its official website here.

Related News

  • LIBRA Meme Coin Promoted By Argentina President Javier Milei Linked To MELANIA
  • WIF Drops 3% As This Meme Coin Index Raises Over $3.7M In Presale 
  • Most Trending Cryptocurrencies on Base Chain Now

Comments

Post a Comment

Popular posts from this blog

Ripple XRP Price Prediction: New Year 2024

Image
Ripple ’s XRP token has seen a significant rise in its price this year. Since January 2023, the asset has surged by over 80%. However, the popular cryptocurrency remains overshadowed by others, such as Solana (SOL), which grew by over 1000%, and Bitcoin (BTC), which rallied by nearly 160% in the same time frame. Also Read: Ripple XRP Forecasted To Surpass its ATH of $3.40, Here is When XRP saw a massive spike in its price, reaching $0.82 after a US district court ruled that Ripple selling the token to retail clients did not breach securities law. However, the US SEC (Securities and Exchange Commission) has taken the lawsuit to the high court. There is a possibility that the high court will rule similarly to the district court. However, XRP’s price has stagnated over its legal unclarity. The asset has yet to reclaim its July 2023 levels and is since down almost 24%. Ripple XRP price prediction for New Year 2024 Source – The Coin Republic According to Chang...
Read more

Ethereum Foundation swaps Ether worth $2.7 Million, ETH dips

The swap was done on Uniswap. Ethereum (ETH) had dropped 1.64% at the time of writing to trade at $1,593.66. Ethereum Foundation’s significant holdings of Ether influence market dynamics despite its decentralized nature. The Ethereum Foundation, a key player in the development and ecosystem of the Ethereum network, sold a portion of its allocated Ether ( ETH ) tokens. A wallet identified as “0x9eE457023bB3De16D51A003a247BaEaD7fce313D,” labelled as a “Grant Provider” on blockchain tracker Etherscan, executed a swap of over 1,700 ETH for $2.7 million in USDC on the Uniswap decentralized exchange. Market reaction and impact The sale of ETH tokens by the Ethereum Foundation triggered a reaction in the cryptocurrency market. Ether’s price dipped by approximately 1.5% within a few hours, and over the subsequent 24-hour period, the drop extended to 1.8%. This event led to a temporary slump in the value of Ether and affected ot...
Read more

EV Charging Payments App on Blockchain Raises $310k in Presale – Invest Early in Future-Proof Project

Image
C+Charge is an upcoming EV charging payment app that aims to streamline the charging process and provide rewards to users. The app will connect EV owners with charging networks, allowing for easy payment transactions and earning carbon credits and sustainable cryptocurrency rewards in the process.  Utilizing decentralized blockchain technology, C+Charge's P2P payment system is making EV charging more efficient, cost-effective, and transparent. The platform's rewards system is one of its defining Features . By using C+Charge's utility token, CCHG, to pay for charges, EV drivers can earn carbon credits that can be used for a variety of purposes such as offsetting carbon footprint or even offsetting travel.  Additionally, C+Charge's partnership with Flowcarbon allows for tokenized carbon credits through Flowcarbon's Goodness Nature Token ($GNT) to be earned as well. C+Charge's goal is not just about earning rewards, but also bringing standardiza...
Read more