latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources

Cardano Could Print New 2023 Highs As Over $1,800,000,000 in ADA Accumulates at Current Levels: Trader

Cardano Could Print New 2023 Highs As Over $1,800,000,000 in ADA Accumulates at Current Levels: Trader
Ethereum ( ETH ) competitor Cardano ( ADA ) is currently sitting in a “key demand zone,” says crypto analyst Ali Martinez.
Martinez tells his 33,800 followers on the social media platform X that 166,470 wallets acquired 4.88 billion ADA worth more than $1.85 billion while the asset has been trading between $0.37-0.38.

“With minimal resistance ahead and solid support below, remaining above this zone could pave the way for ADA to climb to new yearly highs. Still, watch out, as losing this support level could trigger a brief correction to $0.34.”
Source: Ali Martinez/X
Martinez also notes that the Tom DeMark (TD) Sequential indicator presented a sell signal on ADA’s weekly chart. The TD Sequential indicator is used by traders to predict potential trend reversals based on the closing prices of the 13 previous bars or candles.
Explains the analyst,
“Losing the $0.37 level as support could trigger a correction toward $0.34 or $0.33. ADA must close above $0.40 to advance toward $0.46!”
Source: Ali Martinez/X
Martinez also says the indicator is flashing a short-term bullish signal, however.
“Look how the 100-EMA (exponential moving average) on the four-hour chart has acted as a rebound zone for ADA while the $0.396 level acts as a stiff resistance.
The TD Sequential now presents a buy signal within this time frame around the 100-EMA, anticipating another rebound. However, you must pay attention to a four-hour candlestick close above the $0.396 resistance or below the 100-EMA to confirm the direction of ADA trend.”
ADA is trading at $0.381 at time of writing.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter , Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney
The post Cardano Could Print New 2023 Highs As Over $1,800,000,000 in ADA Accumulates at Current Levels: Trader appeared first on The Daily Hodl . shares this Contents always with License.

Thank you for Share!



Cool to know huh? Read the full Article

Read the full Article:  ⭲ Cardano Could Print New 2023 Highs As Over $1,800,000,000 in ADA Accumulates at Current Levels: Trader

Search about Crypto News


The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed simple and intuitive, usable by all Devices, fast and effective.


Today Most Popular News

Dokky Bookcase Script