The cryptocurrency market has been riddled with significant selling pressure over the past week, with the Cardano price taking one of the largest hits among large-cap assets. According to CoinGecko data, the altcoin has lost more than 30% of its value in the past seven days. However, a crypto founder has opined that panic-selling Cardano during this significant phase of capitulation might not be the right move. $0.05-$0.10 Could Be A Good Accumulation Zone For ADA: Analyst In a June 5th post on the social media platform X, Alphractal founder and CEO Joao Wedson identified the relevant price levels to watch if the worst-case scenario crystallizes for the Cardano price. The on-chain data expert pinpointed $0.1097 and $0.03478 as the two key levels if this price correction continues. According to Wedson, the $0.1097 and $0.03478 represent the Thermo Price and Delta Price, respectively, for Cardano. The Alphractal explained that the Thermo Price, which is the more stable level, is estimate
The crypto market is exhibiting some signs of fresh impetus as investors gear up for the next major bull cycle. Despite large-cap cryptos continuing to occupy a significant portion of many portfolios, there is a trend toward investing in projects that offer higher percentage returns. One of the top smart
Cardano's challenges, including infrastructure setbacks and leadership changes, could undermine investor confidence and hinder ecosystem growth.
The post Cardano’s ADA falls below $0.16 as Hoskinson announces break from social media appeared first on Crypto Briefing.
Cardano has come under intense pressure after plunging to its lowest price level in over five years, triggering a wave of fear across the cryptocurrency market. The sharp decline follows growing concerns about the ecosystem’s future after founder Charles Hoskinson warned of potential challenges ahead, leaving investors questioning whether ADA is approaching a historic buying opportunity or facing deeper trouble. Cardano Price Collapse Sparks Wave Of Market Attention According to Santiment Intelligence, Cardano has quickly become one of the most talked-about assets in the cryptocurrency market after ADA plunged below $0.16 for the first time since December 2020. The sharp decline sparked widespread discussion across the industry and drew renewed attention to the network’s prospects. Related Reading: Cardano Price Could Close May Below This Multi-Year Support — What’s Next? The majority of the attention is linked to growing concerns surrounding Cardano founder Charles Hoskinson’s recent
Cardano analytics platform TapTools has announced that it is shutting down, providing a major blow to the ADA ecosystem. This comes amid allegations that the network is a ‘Zombie Chain’ with low user activity. Cardano’s TapTools Announces It Is Winding Down In an X post, TapTools announced that they are preparing to wind down their […]
Cardano price slides into what analysts call a third Elliott Wave decline while Frederic Gregaard says the network keeps building. ADA holders are watching closely. The price chart was already telling a story before anyone said anything. ADA dropped to around $0.162 on the 4-hour chart, and the Cardano pattern traders had been tracking for […]
The post Cardano Price Falls Into Third Wave Territory as Foundation Defends Its Ground appeared first on Live Bitcoin News.
Cardano founder Charles Hoskinson rejected speculation that he is leaving the ecosystem, saying in a June 4 livestream that he is stepping back from public-facing communication but not resigning from Cardano. The comments came after his brief “taking a break” post on X triggered concern across the community and inquiries from journalists Hoskinson opened the […]
