Bitcoin is Flashing Signs of Weakness as It Trades Below Crucial Level

14m
bitcoinist

101Investing: New crypto broker tested

1h
cryptoticker

A Panel of Experts See Bitcoin Averaging $12,948 by Year End

2h
thebitcoinnews

Crypto Adoption: Newly Launched Binance Card To Serve 60 M Plus Merchants Across Europe

2h
coingape

Economic Expert: Libra, Interesting But Will Never Launch

2h
coininsider

Can Chainlink’s Market Cap Surpass That Of BCH and BSV Combined?...

2h
zycrypto

Investors Expect Chainlink To Reach $10 Before Bitcoin Recaptures $10,000

2h
zycrypto

Appeals Judge Allows NY Investigation Into Tether Stable Currency

2h
livebitcoinnews

Did this Texan falsely file for PPP loans only to buy crypto with the funds?

3h
zycrypto

Did‌ ‌this‌ ‌Texan‌ ‌falsely‌ ‌file‌ ‌for‌ ‌PPP‌ ‌loans‌ ‌only‌ ‌to‌ ‌buy‌ ‌crypto‌ ‌with‌ ‌the‌ ‌funds?

3h
zycrypto

Chainlink Sees “Off the Chart” Exchange Inflows as Whales Look for an Exit

3h
bitcoinist

Bitcoin Could Soon Enter a Bull Run, Indicator Shows

3h
cryptoglobe

Why Bitcoin.org’s secret owner wants Bitcoin price to stay in the...

3h
zycrypto

Binance Rolls Out Crypto Debit Card in Europe and UK

3h
zycrypto

From Politics to Crypto: The BTC Journey of Craig Bergman

4h
livebitcoinnews

Block Crunch - Why Avalanche is Not an Ethereum Killer - John Wu, Ava Labs

4h
letstalkbitcoin

Nearly 60% Of Bitcoin Investors Say They’ll HODL To The Grave If The Price Stays Below $10,000

4h
zycrypto

US Army Requests Information on Tools to Track Cryptocurrency Transactions

5h
thebitcoinnews

Bitcoin & Cryptocurrency FinTech Apps Outperform Non-Crypto Peers: Report

5h
coingape

Bitcoin Closing Beneath One Crucial Level Could Decimate Altcoins

5h
bitcoinist

TTS 266 Elections, Lockdowns, Protests, and Liberty: Live from PorcFest with Ernest Hancock

5h
letstalkbitcoin

Cryptocurrency News Roundup for July 14, 2020

6h
beincrypto

Strong fundamentals mean Cardano (ADA) could keep up with its July rally

6h
cryptoslate

Bitcoin's Price Stability Is a ‘Good Thing’, Bitcoin.org Co-Owner Argues

6h
cryptoglobe

The Hash Ribbon Is Back, Suggesting further BTC Gains

6h
livebitcoinnews


Cardano Engulfed In A Bullish Wave While Bitcoin And Most Top Altcoins Bleed

zycrypto

8mon ago

For much of the weekend, the market has been trading sideways. A majority of coins led by Bitcoin have for the last few days failed to break above key resistance points. As a result, the tussle between the bulls and the bears has seen the market stall.

There have however been some exceptions. Cardano has posted positive results during the weekend and again at the start of the new week. In what has been largely a bearish market, Cardano has climbed by more than 3% in the last 24 hours.

The bulls have been able to climb as high as $0.046 but are unable to break above the $0.047 resistance. But, the gains remain insignificant compared to the assets all-year high of $0.10.

Unable to hit the halfway mark of $0.050 in recent weeks, Cardano is still a long way from full-blown bullish status. However, by beating the odds in the last few days, signals good times ahead for the project. As we reported, Charles Hoskinson has been keen to point out this.

Last week, Hoskinson pointed out that Cardano was going through some impressive developments. He further predicted that Cardano would be “a beast” in 2020. This take was further supported by Weiss Ratings who proclaimed Cardano to be clearly superior to EOS.

Cardano’s current bullish momentum looks unsustainable with other coins likely to pull it down. This, if other coins do not begin rallying in the coming days, will see Cardano slip. If the bearish pressure continues, Cardano holders can expect a minor pullback that sees it settle around $0.043.

A full-blown bullish wave for Cardano looks likely if the altseason makes a comeback which could see the coin reach its year high of $0.1.

Come 2020, Hoskinson said it straight, we could see Cardano become “a beast” which presumably means that we could see ADA reach or even surpass its current all-time high. The development of the project has reached its final stages and a fully implemented Cardano promises to be of no match to its competition.

Get Daily Crypto News On Facebook | Twitter | Telegram | Instagram

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments