Cardano overview: ADA/USD goes ballistic amid Binance listing news

Binance adds two ADA pairs starting from March 27.
ADA/USD may extend the recovery towards $0.07.

Tanya Abrosimova Independent Analyst

Cardano (ADA) is one of the best performing cryptocurrencies today. The coin has grown by nearly 7% since this time on Tuesday with the biggest part of the movement accounts for the beginning of the Asian session on Wednesday. ADA/USD gained over 50% on a monthly basis amid positive fundamental developments. At the time of writing, ADA/USD is changing hands at $0.0633 with $0.07 in sight.

Binance listing

Hong Kong cryptocurrency exchange announced an upcoming listing of four new trading pairs with Cardano and NEO. The instruments are available for trading since March 27, 4:00 A.M. UTC, which mean that both Cardano and NEO may receive additional support later during the day.

Earlier this month Cardano Foundation announced a partnership with the International Association for Trusted Blockchain Application (INATBA).

Cardano’s technical picture

The coin has been recovering since December 15. ADA/USD gained over 75% in recent 3 months and became one of the growth leaders among top-20 coins.
The local support is created by a confluence of the recent low and DMA50 (4-hour) at $0.0560, followed by DMA50 (1D) at $0.0445 and psychological $0.0400. On the upside, the resistance is seen at $0.0700.

Author

Tanya Abrosimova

Independent Analyst

Crypto Overview: Bitcoin stabilizes above $65,000, as Zcash and Worldcoin lead broader recovery

Bitcoin shows signs of recovery, trading above $65,000 on Monday, as the broader crypto market rebounds, fueled by improving sentiment following the United States (US) and Iran's confirmation of a preliminary peace agreement.

Crypto Today: Bitcoin, Ethereum, XRP recovery gathers strength as US-Iran reach peace agreement

Cryptocurrency prices remain broadly elevated on Monday, led by Bitcoin’s upswing toward $66,000. Altcoins, including Ethereum and Ripple, mirror Bitcoin’s momentum, trading above $1,700 and $1.18.

Bitcoin extends rebound as US and Iran reach framework deal to end the war

Bitcoin steadies above $65,700 at the time of writing on Monday, after recovering nearly 4% in the previous week. BTC recovery was boosted following Sunday’s news that the US and Iran have reached a preliminary peace deal, lifting the risk appetite.

Pi Network Price Forecast: Launchpad upgrades, fading bearish pressure lift recovery prospects

Pi Network (PI) began the week on a positive note, trading above $0.1340 on Monday after posting a mild recovery and closing above a key resistance in the previous week.

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Bitcoin (BTC) is trading above $63,000 at the time of writing on Friday after rebounding from the key 200-week Simple Moving Average (SMA) near $62,000, a level widely viewed as key long-term support. The recovery may suggest that Bitcoin has found a floor after a sharp correction that spanned more than a month, but some warning signs persist.