The level sits near the daily chart's 0.5 Fibonacci retracement at $0.21057 and a trendline connecting higher lows since Aug. 17.
Thirty enacted withdrawals have used 457.4 million ADA of the 500 million allowance, which incoming funds and refunds do not replenish. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next.
Cardano (ADA) founder Charles Hoskinson has outlined what could come after smart contracts, introducing “Nightframes” as a vision for AI-powered, autonomous computing.
Cardano may have a new reason to attract traders. Pump.fun has reportedly entered the ADA ecosystem, bringing access to 1.7 million monthly active traders, while ADA is bouncing near a key chart level. The Cardano price prediction now hinges on whether the $0.23 to $0.24 area holds and buyers can push the price higher.
ADA's daily RSI was 45.87, while stochastic readings fell on opposite sides of 20 and short-term averages stood above its price.
Cardano (ADA) faces renewed selling pressure after large holders offloaded more than 110 million tokens in less than a week.
The 24-hour gain was 0.74%. A one-hour tally showed $10,000 in short liquidations and none in long liquidations.
ADA was down 0.09% over 24 hours, while short liquidations across three exchanges totaled $120,000.
Senior Research Scientist Manvir Schneider and researcher Juan Beccuti will discuss completed, ongoing and planned work and hear community feedback.
The Research Exchange series fosters transparency and collaboration, potentially enhancing Cardano's research impact and community engagement. Cardano Foundation launches Research Exchange series on October 19.
ADA traded at $0.221741 at 1:20 a.m. ET (05:20 UTC) Oct. 15, down 5.77% over 24 hours after touching a low of $0.2182302.
Cardano has lost 7.13 percent over 24 hours to $0.2207 and now stands at its lowest since September 18. Bitcoin gave up only 2.95 percent in the same period, and our own count shows 15 of the 20 largest coins falling harder than BTC.