Cardano price to retest all-time high at $3
A brief technical and on-chain analysis on Cardano price. Here, FXStreet's analysts evaluate how ADA might retrace further.
Author
FXStreet Team
FXStreet
More from FXStreet Team
Editor's Picks
Chainlink (LINK) price steadies around $15.35 on Wednesday after finding strong support near the lower trendline last week, signaling renewed buying interest. The launch of Chainlink Rewards Season 1 could boost network engagement and token participation.
Dogecoin (DOGE) approaches the $0.17000 round figure on Wednesday, after a 5% loss on the previous day. In the third consecutive week of losses, DOGE risks further correction as on-chain data suggests old supply reentering circulation, indicating profit-taking by investors.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) are steady on Wednesday as market momentum cools following recent resistance rejections. BTC and ETH slide more than 1% and 4% so far this week, while XRP gains 1.5% despite the recent correction.
Canary Capital has filed a Form 8-A with the US Securities & Exchange Commission (SEC) to debut a spot XRP exchange-traded fund (ETF), building on its previous launch of spot HBAR and Litecoin (LTC) products.
A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.
Bitcoin (BTC) price continues to trade in red, below $101,000 at the time of writing on Friday, having dropped more than 8% so far this week. The decline comes amid mounting selling pressure from long-term holders, who continue to offload their positions.