#cardanomining

CARDANO ANALYSIS ADA/USDT Cardano (ADA) witnessed profit-booking near the psychological level at $3 on Aug. 24, but a positive sign is that bulls are not giving up much ground. The long tail on Aug. 24's and Aug 25’s candlestick suggests accumulation at lower levels. If the price rebounds off the current level or the breakout level at $2.47, it will indicate that the sentiment remains positive and bulls are buying on dips. The bulls will then try to resume the uptrend by pushing the price above $3. If they manage to do that, the ADA/USDT pair may rise to $3.50. On the other hand, if the price once again turns down from the overhead resistance, the pair may consolidate between $3 and $2.47 for a few days. A break and close below $2.47 could pull the price down to the 20-day EMA ($2.20). The bears will have to sink the price below this support to gain the upper hand. Let's keep pumping the market guys Guys Stay Bullish, Stay Humble, Stay Put #cardanonews #cardanoafrica #cardanocoin #cardano #cardanomining #cardanocommunity #cardanocoins #cardanowallet #cardanofoundation #cardanoclub #cardano https://www.instagram.com/p/CTBibtlDJcM/?utm_medium=tumblr

CARDANO ANALYSIS ADA/USDT The bulls flipped the $1.94 level to support on Aug. 17 and 18. This attracted further buying and the bulls pushed Cardano (ADA) above the all-time high at $2.47 today The ADA/USDT pair could now rally to $2.73 where it is again likely to face stiff resistance from the bears. If bulls bulldoze their way through this resistance, the pair could reach the psychological barrier at $3. Although the trend favors the bulls, the RSI near 80 shows the rally is overextended in the short term. If the price slips and sustains below $2.47, the bears will try to pull the pair down to $2.20. A break below this level will suggest that the momentum has weakened in the short term. The pair could then drop to the 20-day EMA ($1.87) Let's keep pumping the market guys Guys Stay Bullish, Stay Humble, Stay Put #cardanonews #cardanoafrica #cardanocoin #cardano #cardanomining #cardanocommunity #cardanocoins #cardanowallet #cardanofoundation #cardanoclub https://www.instagram.com/p/CS1461QMOPw/?utm_medium=tumblr

Cardano (ADA) Receives Approval To Be Listed In Japan Cardano (ADA) has recently secured another win in its long repertoire of wins lately. The native coin of Cardano, ADA, has now been approved to be listed in Japan, which features one of the hardest listing requirements in the world. Only a handful of coins have been able to receive approval to be listed on exchanges in Japan, and ADA just became one of them. Japan has always been crypto-friendly right from the beginning. But that does not mean they have lax laws when it comes to cryptocurrencies. The coins that are listed on exchanges in Japan are carefully screened to make sure that they are good projects for its citizens. This means ADA getting approved makes the coin even more valuable now. Although the Cardano ICO had taken place mostly in Japan back in 2015, the asset never got listed on any Japanese exchange, until now. This opens access to Cardano (ADA) to a wider customer base who were previously cut off from the market. The listing will allow investors in Japan to finally buy into Cardano (ADA) using exchanges in their own country. Cardano (ADA) Price Reaction The news of the listing has not provided any significant boost to the price of Cardano (ADA) so far. Coin price continues to trend around $1.35, not showing much improvement over the last 24 hours following news of the listing breaking. Let's keep pumping the market guys Guys Stay Bullish, Stay Humble, Stay Put #cardanonews #cardanoafrica #cardanocoin #cardano #cardanomining #cardanowallet #cardanofoundation #cardanoclub https://www.instagram.com/p/CSNFGIAhzK3/?utm_medium=tumblr

CARDANO ANALYSIS ADA/USDT Cardano (ADA) closed below the $1.19 support on July 16. The bulls tried to trap the bears and push the price back above $1.19 on July 18 but failed to sustain the higher levels. This suggests that bears continue to sell at rallies. The bears have renewed their selling today. If sellers sink the price below $1.10, the ADA/USDT pair could retest the critical support at $1. This level has held on several occasions in the past few months, hence the bulls will again try to defend it aggressively. A strong rebound will indicate accumulation at the $1 support. On the other hand, if bears pull the price below $1, long liquidation may occur. That could open the doors for a further decline to $0.80 and then $0.68. Let's keep pumping the market guys Guys Stay Bullish, Stay Humble, Stay Put #cardanonews #cardanoafrica #cardanocoin #cardano #cardanomining #cardanocommunity #cardanocoins #cardanowallet #cardanofoundation #cardanoclub https://www.instagram.com/p/CRiT1FrsW_V/?utm_medium=tumblr

CARDANO ANALYSIS ADA/USDT Cardano (ADA) dropped to the critical support at $1 on June 22 but the long tail on the day’s candlestick suggests that bulls are defending this level aggressively. However, repeated retests of a support level weaken it. The downsloping 20-day EMA ($1.44) and the RSI in the negative zone suggest that bears have the upper hand. If the price turns down from the current level or the 20-day EMA, the sellers will again try to break the $1 support. If they succeed, the ADA/USDT pair could witness long liquidation and a drop to $0.80 and then to $0.68 may be on the cards. Alternatively, if the bulls push the price above the moving averages, the pair may rally to $1.94. Let's keep pumping the market guys Guys Stay Bullish, Stay Humble, Stay Put #cardanonews #cardanoafrica #cardanocoin #cardano #cardanomining #cardanocommunity #cardanocoins #cardanowallet #cardanofoundation #cardanoclub https://www.instagram.com/p/CQfMDMIgzKk/?utm_medium=tumblr

CARDANO ANALYSIS ADA/USDT Cardano (ADA) has been trading between $1.33 and $1.94 for the past few days. The rebound off the support on June 12 fizzled out at the 20-day EMA ($1.52) on June 15, indicating the sentiment has turned negative and traders are selling on rallies. The bears will now try to sink the price below the $1.33 to $1.24 support zone. If they manage to do that, the ADA/USDT pair could slump to the critical support at $1. The downsloping 20-day EMA and the RSI below 42 suggest that bears are in control. On the contrary, if the bulls again defend the support zone, it will suggest demand at lower levels. That could keep the pair range-bound for a few more days. A breakout and close above $1.94 will indicate that bulls are back in command. The 4-hour chart shows the bears pulled the price below the $1.33 support today but the failure to sustain the lower levels suggests accumulation on dips. The buyers will now try to propel the price above the downtrend line. If they succeed, it will invalidate the bearish pattern. Such a move could catch the aggressive bears off guard and result in a short squeeze that may propel the price to $1.74 and then $1.88. Alternatively, if the price turns down and sustains below $1.33, the pair will complete the descending triangle pattern. This bearish setup has a target objective at $0.78. Let's keep pumping the market guys Guys Stay Bullish, Stay Humble, Stay Put #cardanonews #cardanoafrica #cardanocoin #cardano #cardanomining #cardanocommunity #cardanocoins #cardanowallet #cardanofoundation #cardanoclub https://www.instagram.com/p/CQYflpQAJUb/?utm_medium=tumblr

Cardano Developer Unveils Smart Contracts Platform Rollout Plan Cardano’s developer Input Output Global (IOG) has made several important announcements on the platform’s next update. Schedule to be implemented with Hard Fork Combinator event “Alonzo”, this new era will mark the beginning of Cardano’s smart contract capabilities. IOG reveal “Alonzo” rollout plan with an initial phase in June expanding to its full deployment in September 2021. Formed by a series of color-coded testnets, IOG has started with test Alonzo Blue. This first phase will be conducted with a pioneer task force, initial partners, and a spin-up with core stakepool operators. The testnet will check basic network functionalities. Alonzo Blue will have the first exercise on this test phase with the Hard Fork node to Alonzo and initial distribution of ADA to stakepool operators simple Plutus scripts. Later, IOG will launch Alonzo White with more partners involved, demo dApps, integration with WBE and PAB, benchmarks, and more participation from around 500 community members, pioneers, stakepool operators (SPO). This testnet will allow partners and pioneers to run their scripts on the network with the first benchmarking basic dApps for versions of Uniswap and stablecoins. In addition, Alonzo White will introduce the first exchanges integrated with the Rosetta framework, a mechanism created by Coinbase to facilitate adding tokens to these platforms. After that, in August, Alonzo Purple will launch the first public testnet with all Pioneers “onboarded” with the partners dApps. During this phase, components Daedalus Flight and Explorer will be tested alongside the stability of the platform. Finally, Alonzo will have two small stages called Red and Black, but Alonzo Purple will “pretty much” have Plutus and smart contracts ready for the HFC event in the final month of Q3, 2021. Let's keep pumping the market guys Guys Stay Bullish, Stay Humble, Stay Put #cardanocoin #cardanonews #cardano #cardanomining #cardanocommunity #cardanocoins #cardanowallet #cardanofoundation #cardanoclub #adacardano #cardanoafrica https://www.instagram.com/p/CPZ3uGagP1H/?utm_medium=tumblr