Saturday, June 7, 2025
Coin Insights
No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    NFT market makes a modest comeback as Bitcoin hits $105k level

    NFT market makes a modest comeback as Bitcoin hits $105k level

    Song A Day creator recounts ‘tax nightmare’ after making millions from NFT sale

    Song A Day creator recounts ‘tax nightmare’ after making millions from NFT sale

    Major Crack in Trump’s Memecoin Alliance – Trump’s Sons Send Cease-and-Desist Letter to Memecoin Company, TRUMP Price Plummets

    Major Crack in Trump’s Memecoin Alliance – Trump’s Sons Send Cease-and-Desist Letter to Memecoin Company, TRUMP Price Plummets

    from color as theory to generative art with NFTs

    from color as theory to generative art with NFTs

    Yuga Labs sheds NFT icons as it doubles down on Apes and Otherside

    Yuga Labs sheds NFT icons as it doubles down on Apes and Otherside

    Trump Deepfake Calls for Velociraptors on Border Patrol, Racks Up 1.2M Views

    Trump Deepfake Calls for Velociraptors on Border Patrol, Racks Up 1.2M Views

    Mintable unveils green NFT card game at Singapore climate festival

    Mintable unveils green NFT card game at Singapore climate festival

    Solana Trump NFTs Airdropped to Crypto Dinner Guests—One Already Sold for $16K

    Solana Trump NFTs Airdropped to Crypto Dinner Guests—One Already Sold for $16K

    NFT Market Slips in May Despite Buyer Growth and Gains From Bitcoin, Avalanche

    NFT Market Slips in May Despite Buyer Growth and Gains From Bitcoin, Avalanche

  • Gaming
    GPT WARS Partners with CribbleChat AI to Power Intelligent, Immersive Web3 Gaming Experiences

    GPT WARS Partners with CribbleChat AI to Power Intelligent, Immersive Web3 Gaming Experiences

    Sparkball Brings Esports and Blockchain Together with a Fresh Spin on Competitive Gaming

    Sparkball Brings Esports and Blockchain Together with a Fresh Spin on Competitive Gaming

    ‘FIFA Rivals’ Game Launching Next Week on iOS, Android

    ‘FIFA Rivals’ Game Launching Next Week on iOS, Android

    Goblin Saga Taps Aylab to Drive Web3 User Acquisition and Revenue Streams

    Goblin Saga Taps Aylab to Drive Web3 User Acquisition and Revenue Streams

    Inside the Hedera Hashgraph Wallet NFT Scam: How Users Are Being Exploited

    Inside the Hedera Hashgraph Wallet NFT Scam: How Users Are Being Exploited

    HeLa Labs Joins DragonMaster to Redefine Web3 Gaming

    HeLa Labs Joins DragonMaster to Redefine Web3 Gaming

    How Pixels Staking Works: Support Featured Games and Earn $PIXEL

    How Pixels Staking Works: Support Featured Games and Earn $PIXEL

    The Flappy Bird Crypto Game That’s Paying Out More Than You Think

    The Flappy Bird Crypto Game That’s Paying Out More Than You Think

    ‘Flappy Bird’ Is Making a Crypto Gaming Push After All

    ‘Flappy Bird’ Is Making a Crypto Gaming Push After All

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    Key Innovations, Challenges, and What Comes Next

    Key Innovations, Challenges, and What Comes Next

    What Is Crypto Margin Trading? A Beginner-Friendly Guide to Leverage

    What Is Crypto Margin Trading? A Beginner-Friendly Guide to Leverage

    Types, Use Cases and Why They Matter

    Types, Use Cases and Why They Matter

    What’s the Real Difference for Beginners?

    What’s the Real Difference for Beginners?

    What Is Circulating Supply in Crypto? A Beginner’s Guide to Token Supply

    What Is Circulating Supply in Crypto? A Beginner’s Guide to Token Supply

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    NFT market makes a modest comeback as Bitcoin hits $105k level

    NFT market makes a modest comeback as Bitcoin hits $105k level

    Song A Day creator recounts ‘tax nightmare’ after making millions from NFT sale

    Song A Day creator recounts ‘tax nightmare’ after making millions from NFT sale

    Major Crack in Trump’s Memecoin Alliance – Trump’s Sons Send Cease-and-Desist Letter to Memecoin Company, TRUMP Price Plummets

    Major Crack in Trump’s Memecoin Alliance – Trump’s Sons Send Cease-and-Desist Letter to Memecoin Company, TRUMP Price Plummets

    from color as theory to generative art with NFTs

    from color as theory to generative art with NFTs

    Yuga Labs sheds NFT icons as it doubles down on Apes and Otherside

    Yuga Labs sheds NFT icons as it doubles down on Apes and Otherside

    Trump Deepfake Calls for Velociraptors on Border Patrol, Racks Up 1.2M Views

    Trump Deepfake Calls for Velociraptors on Border Patrol, Racks Up 1.2M Views

    Mintable unveils green NFT card game at Singapore climate festival

    Mintable unveils green NFT card game at Singapore climate festival

    Solana Trump NFTs Airdropped to Crypto Dinner Guests—One Already Sold for $16K

    Solana Trump NFTs Airdropped to Crypto Dinner Guests—One Already Sold for $16K

    NFT Market Slips in May Despite Buyer Growth and Gains From Bitcoin, Avalanche

    NFT Market Slips in May Despite Buyer Growth and Gains From Bitcoin, Avalanche

  • Gaming
    GPT WARS Partners with CribbleChat AI to Power Intelligent, Immersive Web3 Gaming Experiences

    GPT WARS Partners with CribbleChat AI to Power Intelligent, Immersive Web3 Gaming Experiences

    Sparkball Brings Esports and Blockchain Together with a Fresh Spin on Competitive Gaming

    Sparkball Brings Esports and Blockchain Together with a Fresh Spin on Competitive Gaming

    ‘FIFA Rivals’ Game Launching Next Week on iOS, Android

    ‘FIFA Rivals’ Game Launching Next Week on iOS, Android

    Goblin Saga Taps Aylab to Drive Web3 User Acquisition and Revenue Streams

    Goblin Saga Taps Aylab to Drive Web3 User Acquisition and Revenue Streams

    Inside the Hedera Hashgraph Wallet NFT Scam: How Users Are Being Exploited

    Inside the Hedera Hashgraph Wallet NFT Scam: How Users Are Being Exploited

    HeLa Labs Joins DragonMaster to Redefine Web3 Gaming

    HeLa Labs Joins DragonMaster to Redefine Web3 Gaming

    How Pixels Staking Works: Support Featured Games and Earn $PIXEL

    How Pixels Staking Works: Support Featured Games and Earn $PIXEL

    The Flappy Bird Crypto Game That’s Paying Out More Than You Think

    The Flappy Bird Crypto Game That’s Paying Out More Than You Think

    ‘Flappy Bird’ Is Making a Crypto Gaming Push After All

    ‘Flappy Bird’ Is Making a Crypto Gaming Push After All

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    Key Innovations, Challenges, and What Comes Next

    Key Innovations, Challenges, and What Comes Next

    What Is Crypto Margin Trading? A Beginner-Friendly Guide to Leverage

    What Is Crypto Margin Trading? A Beginner-Friendly Guide to Leverage

    Types, Use Cases and Why They Matter

    Types, Use Cases and Why They Matter

    What’s the Real Difference for Beginners?

    What’s the Real Difference for Beginners?

    What Is Circulating Supply in Crypto? A Beginner’s Guide to Token Supply

    What Is Circulating Supply in Crypto? A Beginner’s Guide to Token Supply

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
No Result
View All Result
Coin Insights
No Result
View All Result
Home Altcoins

Cardano: Is a recovery on the cards?

January 29, 2024
in Altcoins
3
Cardano: Is a recovery on the cards?
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

  • Cardano continued to recover, with a 2% increase at press time.
  • ADA remained below the neutral line on its RSI.

Cardano [ADA] has shown notable upward movements in recent days, signaling continued recovery. AMBCrypto’s analysis of ADA’s daily timeframe chart showed three consecutive days of upward trends.

Cardano commences recovery 

This marked a recovery from the previous downtrends that started around the 13th of January, when the price was around $0.58. As of press time, ADA was trading at around $0.49, showing an increase of over 2%.

The total rise over the last three days was now over 6%. 


ADA/USD price trend

Source: Trading View

Despite the commendable recovery, ADA continued to trade below its short-moving average (yellow line). Also, the yellow line acted as resistance at around $0.56.

While the upward trend has not completely reversed the bearish trend, it has notably weakened it. The Relative Strength Index (RSI) was above 40 at the time of this writing, indicating a rising trend.

Cardano’s buyers take a less aggressive stance

The excitement surrounding Cardano’s price rise has not yet translated into increased activity among traders, as evidenced by metrics on Coinglass.

An examination of Cardano’s Funding Rate showed a consistently positive trend over the past few months.

Despite the positive trends observed, the trend was nearly flat. This suggests that while buyers maintain control, their aggressiveness has waned. 

Additionally, an analysis of the Open Interest chart showed a lack of substantial movement in recent times. As of this writing, the Open Interest was around $240.6 million.

ADA supply in profit declines

As the price of Cardano experienced a decline, the percentage of the total supply in a profitable position also decreased, as illustrated by the Santiment chart.

See also  Is Ethereum Set for Recovery? Significant Drop in Open Interest May Tell

Is your portfolio green? Check out the ADA Profit Calculator


AMBCrypto’s analysis of the chart showed that the profit in supply decreased from its peak of over 70% in December to the 60% range.

At the time of this writing, the profit in supply was around 66%, signifying that the press time supply in profit was around 22.4 billion.


Cardano supply in profit

Source: Santiment

READ ALSO

CryptoGames now supports Tether (USDT) for deposits and announces partnership with Bitinvestor

Toncoin heats up: What does $398M in trading volume indicate?


  • Cardano continued to recover, with a 2% increase at press time.
  • ADA remained below the neutral line on its RSI.

Cardano [ADA] has shown notable upward movements in recent days, signaling continued recovery. AMBCrypto’s analysis of ADA’s daily timeframe chart showed three consecutive days of upward trends.

Cardano commences recovery 

This marked a recovery from the previous downtrends that started around the 13th of January, when the price was around $0.58. As of press time, ADA was trading at around $0.49, showing an increase of over 2%.

The total rise over the last three days was now over 6%. 


ADA/USD price trend

Source: Trading View

Despite the commendable recovery, ADA continued to trade below its short-moving average (yellow line). Also, the yellow line acted as resistance at around $0.56.

While the upward trend has not completely reversed the bearish trend, it has notably weakened it. The Relative Strength Index (RSI) was above 40 at the time of this writing, indicating a rising trend.

Cardano’s buyers take a less aggressive stance

The excitement surrounding Cardano’s price rise has not yet translated into increased activity among traders, as evidenced by metrics on Coinglass.

See also  Cardano Reversal? Analyst Eyes $0.50 As Turning Point

An examination of Cardano’s Funding Rate showed a consistently positive trend over the past few months.

Despite the positive trends observed, the trend was nearly flat. This suggests that while buyers maintain control, their aggressiveness has waned. 

Additionally, an analysis of the Open Interest chart showed a lack of substantial movement in recent times. As of this writing, the Open Interest was around $240.6 million.

ADA supply in profit declines

As the price of Cardano experienced a decline, the percentage of the total supply in a profitable position also decreased, as illustrated by the Santiment chart.


Is your portfolio green? Check out the ADA Profit Calculator


AMBCrypto’s analysis of the chart showed that the profit in supply decreased from its peak of over 70% in December to the 60% range.

At the time of this writing, the profit in supply was around 66%, signifying that the press time supply in profit was around 22.4 billion.


Cardano supply in profit

Source: Santiment

Tags: CardanoCardsrecovery

Related Posts

CryptoGames now supports Tether (USDT) for deposits and announces partnership with Bitinvestor
Altcoins

CryptoGames now supports Tether (USDT) for deposits and announces partnership with Bitinvestor

June 25, 2024
Toncoin heats up: What does $398M in trading volume indicate?
Altcoins

Toncoin heats up: What does $398M in trading volume indicate?

June 25, 2024
Another $600M Exits, Price Drops Lower
Altcoins

Another $600M Exits, Price Drops Lower

June 25, 2024
Bitcoin faces downward pressure as Mt. Gox prepares for repayments
Altcoins

Bitcoin faces downward pressure as Mt. Gox prepares for repayments

June 25, 2024
XRP at a crossroads: A drop to $0.445 or rally to $0.5 next?
Altcoins

XRP at a crossroads: A drop to $0.445 or rally to $0.5 next?

June 24, 2024
True Correction Underway? Over $500 Million Exits Bitcoin ETFs — Coinshares
Altcoins

True Correction Underway? Over $500 Million Exits Bitcoin ETFs — Coinshares

June 24, 2024
Next Post
Trac Core launches ‘Trac Core for TAP Protocol’ to revolutionize Bitcoin data indexing

Trac Core launches 'Trac Core for TAP Protocol' to revolutionize Bitcoin data indexing

Comments 3

  1. Nocktimess says:
    1 year ago

    I do agree with all the ideas you have introduced on your post They are very convincing and will definitely work Still the posts are very short for newbies May just you please prolong them a little from subsequent time Thank you for the post

    Reply
  2. BreakMissedd says:
    1 year ago

    Somebody essentially help to make significantly articles Id state This is the first time I frequented your web page and up to now I surprised with the research you made to make this actual post incredible Fantastic job

    Reply
  3. tu4gj says:
    7 hours ago

    how to get generic clomiphene buy clomid no prescription buying cheap clomid no prescription can i get generic clomid pills cost cheap clomid without insurance where to buy cheap clomiphene where can i get cheap clomiphene tablets

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

October 28, 2023
Tezos 2023 Outlook: An Overview of Tezos (XTZ)

Tezos 2023 Outlook: An Overview of Tezos (XTZ)

November 2, 2023
UK risks regulating NFTs the wrong way, says Mintable CEO

UK risks regulating NFTs the wrong way, says Mintable CEO

October 30, 2023
Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

August 3, 2024
Ethereum crosses $3.2K as L2 crosses new milestone: What now?

Ethereum crosses $3.2K as L2 crosses new milestone: What now?

May 6, 2024

Don't miss a single story

Subscribe to our free Newsletter

EDITOR'S PICK

ETH to $10K? – Analysts say the chart and rivals point to ‘yes’

ETH to $10K? – Analysts say the chart and rivals point to ‘yes’

May 13, 2025
Antpool Surpasses Foundry in Hashrate Battle, Claiming Top Spot in November’s Bitcoin Mining Race

Antpool Surpasses Foundry in Hashrate Battle, Claiming Top Spot in November’s Bitcoin Mining Race

December 2, 2023
 Ethereum’s demand rises positioning the ETH for sustained gains 

 Ethereum’s demand rises positioning the ETH for sustained gains 

April 13, 2025
Top Projects from Unstoppable Domains and AWS Hackathon

Top Projects from Unstoppable Domains and AWS Hackathon

August 6, 2024

About

Dive into the world of cryptocurrency. Our news site offers insights, trends, and updates to guide your journey into the realm of digital finance.

Follow us

Categories

  • AI
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • DeFi
  • Ethereum
  • Gaming
  • Guides
  • Metaverse
  • Mining
  • NFT
  • Other
  • Web 3

Recent Posts

  • NFT market makes a modest comeback as Bitcoin hits $105k level
  • GPT WARS Partners with CribbleChat AI to Power Intelligent, Immersive Web3 Gaming Experiences
  • Song A Day creator recounts ‘tax nightmare’ after making millions from NFT sale

Newsletter

Don't miss a single story

Subscribe to our free Newsletter

  • Contact
  • Disclosure
  • Privacy Policy
  • Terms & conditions

© 2023 Coininsights.com - All rights reserved.

No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
  • Metaverse
  • NFT
  • Gaming
  • Blockchain
  • AI
  • Guides
  • Analysis
  • Coin Marketcaps

© 2023 Coininsights.com - All rights reserved.