Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Cardano price needs to overcome a major hurdle at $0.2785 for a bullish breakout.
ALTCOIN NEWS

Cardano price needs to overcome a major hurdle at $0.2785 for a bullish breakout.

By Crypto FlexsNovember 27, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Cardano price needs to overcome a major hurdle at alt=
Share
Facebook Twitter LinkedIn Pinterest Email

Cardano price has seen a sharp decline over the past few weeks due to depressed markets and global macroeconomic concerns. The altcoin is down nearly 6% so far this month and more than 3% last week. Additionally, ADA prices have fallen more than 30% in the past six months, and year-to-date prices remain in the red. Cardano’s overall market capitalization fell more than 1% over the past day to $8.6 billion, with total volume of assets traded falling 13% over the same period.

basic

Cardano price, along with global cryptocurrency markets, has recorded significant losses in recent weeks. Most digital assets have been struggling over the past few weeks, with the top cryptocurrency struggling to break above the critical level of $27,000. Global cryptocurrency market capitalization has increased slightly over the past 24 hours, while the overall cryptocurrency market size has decreased by 25%.

The cryptocurrency fear and greed index, which is a major emotional indicator that moves the cryptocurrency market, is at a fear index of 39, slightly lower than the fear index of 42 recorded last week. Fear levels generally indicate that investors’ risk appetite may be decreasing, which may lead traders to sell irrationally.

Investors have been assessing what could happen next for the economy as they weigh the interest rate outlook following this week’s Federal Reserve policy meeting, which ended Wednesday. At the meeting, the central bank announced that it would keep interest rates unchanged for now, but indicated that it may raise interest rates again this year in line with market expectations.

The Bank of England and the Swiss National Bank each announced on Thursday that they were ending their interest rate hike campaigns. Nonetheless, banks have repeatedly emphasized that further hikes and more sustained rate hikes are possible. The Bank of Japan announced on Friday that it would keep interest rates at -0.1%, maintaining its outlook and yield curve control policy.

Cardano price technical analysis

Looking at the daily chart, we can see that the Cardano price has been in a continuous bearish trend over the past few weeks, forming a downward channel. The digital currency failed to clear the important level above the 50-day EMA at $0.2785. ADA price remains below the 50-day and 200-day exponential moving averages and the 50-day and 100-day simple moving averages.

The relative strength index (RSI) is slightly below its signal line, and the moving average convergence divergence (MACD) indicator remains bullish. Bollinger Bands indicate that market volatility is decreasing, with the upper band slightly below the 50-day EMA.

Therefore, the price of Cardano is likely to remain depressed in the short term, with the downside fully under control. The next support levels to watch are $0.2380 and $0.2205. However, if it exceeds the upper Bollinger Band at $0.2605, it may rise to the next resistance level at $0.2785.

ADA price chart

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

ETF Land Rush: Solana’s filing speed outpaces XRP and matches BTC.

October 23, 2025

Crypto Market Rebound, L2 Surge and ZEC Shock: Daily Insights

October 16, 2025

The throat is falling, but the jupnet and ajup spark recovery reduce the potential

October 2, 2025
Add A Comment

Comments are closed.

Recent Posts

OKX Ventures Invests in Accountability for Enhanced Financial Verification

October 30, 2025

Injective (INJ) Completes First Community Buyback Worth $32 Million

October 29, 2025

Whale.io Confirms First Airdrop For Crock Dentist NFT Holders

October 29, 2025

BTC And XRP Prices Fluctuate Dramatically. WOAHash Helps Holders Earn $9,900 In Daily Returns.

October 29, 2025

Acre Launches V2 Platform, Enabling Bitcoin Holders To Earn 14% APY (est.) From Self-Custody

October 29, 2025

BitcoinOS $BOS Token Is Live On Binance Alpha And Top Tier CEX Listings, Advancing Institutional BTCFi

October 29, 2025

MEXC Maintains Strong Financial Stability With Over 100% Proof Of Reserve Across Major Assets

October 29, 2025

Australia provides clarity on cryptocurrency regulation with new guidelines

October 29, 2025

Stake USDT To Earn BTC With Up To 600% APR

October 28, 2025

Coinbase Acquires Echo, Leading On-Chain Capital Raising Platform in $375 Million Deal

October 28, 2025

US Bitcoin reports holdings of 3,865 BTC after recent acquisition

October 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

OKX Ventures Invests in Accountability for Enhanced Financial Verification

October 30, 2025

Injective (INJ) Completes First Community Buyback Worth $32 Million

October 29, 2025

Whale.io Confirms First Airdrop For Crock Dentist NFT Holders

October 29, 2025
Most Popular

The Future of Digital Transactions Revealed: SmartCoin Revolutionizes the Game – The Defi Info

January 30, 2024

Worldcoin launches new Ethereum L2 network called “World Chain”

April 18, 2024

Kabosu, the beloved Shiba Inu and face of the iconic ‘Doji’ meme, has passed away.

May 24, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.