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Cardano (ADA) Enters Strong Bear Trend, Price Unlikely To Break Above $0.11 Before September

Cardano (ADA) is now down more than 90% since its all time high but that has not stopped it from entering a new bear trend. The price just broke below the 21 EMA on the 4H chart for ADA/USD above. Having already broken below the 50 EMA, Cardano (ADA) was expected to find support at the 21 EMA but the price failed to hold its ground and broke below it. Furthermore, the 21 EMA has now become a strong resistance for Cardano (ADA) which means the RSI is likely to break out of the falling wedge at this point. If...

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Cardano (ADA) Hits A New Low, Down 90% From All Time High

Cardano is now down 90% from its all time high after hitting a new low yesterday that knocked the price down to $0.117 as can be seen on the ADA/USD daily chart above. The last time Cardano (ADA) dropped to this level, it rallied back to the test the upper limit of the triangle. However, this time that does not seem likely. Cardano (ADA) will most likely fall below the dotted line to test the bottom of this triangle. A short term recovery can be expected given that RSI and Stochastic conditions are now oversold. However, the EMA alignment continues...

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XRP, XLM And ADA Fly Up In Sudden Break Away From Bear Trend

It is pretty rare that we see news like this, especially when the markets are moving in a very negative direction, but, for some reason, Ripple XRP, Stellar XLM and Cardano ADA have taken a sudden upswing, in a market that is otherwise within a very heavy down trend. Whilst we can’t see why this has happened just yet, we hope that some news will break out over the afternoon that could help us pinpoint the cause of this. Or, perhaps this is an indication of a looming market surge, led not by Bitcoin, but by XRP, XLM and ADA...

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Market Update - EOS, XLM And ADA Take A Big Plunge

Yesterday’s negativity, caused no doubt by correction has over-spilled into today, bringing the markets down for a second consecutive today. What we are seeing now however is a far steeper decline from a number of cryptocurrencies, reducing some of the optimism that we have held onto as we go into August. Whilst this doesn’t mean by any means that the markets are going to crash, it does look as if this correction period is going to inflict some damage onto a number of currencies, that have made good tracks over the past week, reversing their progress. Interestingly though, Bitcoin remains...

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Cardano Boss Outlines A Promising Future For ADA

Cardano is often considered a bit of a quiet cryptocurrency. Unlike its headline grabbing neighbours, Stellar, Litecoin and IOTA, Cardano often trucks along at its own pace, making significant movements yet remaining somewhat under the radar. Of course, this isn’t to say that Cardano is a small cryptocurrency, Cardano is still ranked 8th for market capitalisation and is still a significant competitor in the race for the top altcoin. Overall, Cardano promises a great deal for the future and that’s what Charles Hoskinson, the CEO and co-founder of Cardano has spoken out about. According to Ethereum World News, Hoskinson has...

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