Cardano’s Daily Large Transaction Count is 0 — How Did it Impact Price?

The Hourly View for Cardano

  • Currently, ADA’s price is down $-0.01 (-1.25%) from the hour prior.
  • It’s been a feast for bulls operating on an hourly timeframe, as Cardano has now gone up 4 of the past 5 hours.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
  • The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Cardano’s hourly price chart is shown below.

ADA

The Daily View for Cardano

  • Currently, ADA’s price is up $0.07 (13.79%) from the day prior.
  • This move is a reversal from the day prior, which saw price move down.
  • As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe.
  • The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
  • Divergence between ADA’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in ADA’s price.

Below is a daily price chart of Cardano.

ADA

The Latest From ADA’s Blockchain

  • ADA has a count of active addresses of 0, NA NaN% from its value day prior.
  • Over the past 28 weeks, the trend for ADA’s count of active addresses has been choppy and unclear. It has oscillated between 0 and 485313.
  • For ADA, its count of active addresses is now at 0.

Featured Cardano Idea From TradingView

Below is a trading comment entitled Ethereum: weekly analysis overview you may find interesting:

What I found out in Ethereum price it’s crashing too their price and it’s below of $1,900 USD.I hope a crash to $1,100 USD approximately in their price, that will be the first support, And to take note, we could to see a chance to see Ethereum price round to $785 USD if the key and first support breaking down the zone of $1,100 USD….

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