Cardano

Bitcoin

Momentum

<ul> 
 <li>At the time of writing, ADA is trading at $0.4267, up 1.29% in the last 24 hours.</li> 
 <li>If the price manages to break above $0.43 level, then it will likely test $0.46 level.</li> 
</ul> 
Most altcoins are trading in green, and the price of <a href="https://thenewscrypto.com/german-governments-bitcoin-exit-catalyst-for-the-bull-run/">Bitcoin</a> is showing positive momentum. The price of Bitcoin surged to $60,400 amid the ongoing market rebound. Recent U.S political events sparked the price surge, even though other data had been indicating a decline for days. 
A vital caution over Cardano (ADA) giveaway scams has been made to the Cardano community in the lead-up to the much-anticipated Chang upgrade. A major step toward the minimal feasible on-chain governance defined in CIP-1694, the Chang upgrade is the result of years of hard effort for the Cardano community. 
Many people in the cryptocurrency world are quite excited about the forthcoming upgrade. Unfortunately, dishonest individuals are more likely to prey on the crypto community’s excitement, which may lead to frauds and fraudulent actions. 
<h3 class="wp-block-heading" id="h-bulls-in-control">Bulls in Control</h3> 
The ADA price has been witnessing bullish traits over the last week, with the price up 17.88% in the last 7 days. With a 30-day MVRV of 11% for ADA Coin, many investors are well-positioned to cash out at the present price.&nbsp; 
As a result, selling pressure might increase as investors begin to cash out their profits. Addresses with 1 million to 10 million <a href="https://thenewscrypto.com/crypto-analyst-predicts-cardano-ada-to-hit-9-heres-why/">ADA</a> sold $52.6 million worth of the token. These recent sales may also indicate the aforementioned strain.&nbsp; 
At the time of writing, ADA is trading at $0.4267, up 1.49% in the last 24 hours as per data from CMC. Moreover, the trading volume is up 38.69%. If the price manages to break above $0.43 level, then it will likely climb towards $0.46 resistance level. However, if the price declines below $0.42 level, then it will likely test the $0.37 support level.

Cardano Price Maintains Positive Momentum as Market Rebounds

Table of Contents

TheNewsCrypto

Other articles published on Jul 14, 2024

Experience the Growl: Bearish Bear $GROWL Presale

Binance CEO Richard Teng Discusses Crypto’s Future and Challenges

Cryptocurrency Market Analysis: LTC, CEEK, XRP, and LINK Coin Predictions

Dive into BlockDAG’s Keynote 2 Magic: DAG Tech Unleashed & Team Reveal Teasers; TRON Torches Toke...

Bitcoin Traders Eye Bear Trap as BTC Price Hits 10-Day High of $60.4K

Altcoins Poised for Potential Growth Amid Market Volatility

Join our free newsletter for daily crypto updates!