Cardano ADA Trading Volume Up 4% and Ranks No. 8
Cardano’s (ADA) trading volume has increased by 4% in the last 24 hours, and the crypto asset currently ranks No. 8 among the top coins on CoinMarketCap.
ADA’s Technical Chart Signals Bullish Trend
- ADA is trading above the 50-Day Simple Moving Average (SMA) but below the 200-Day SMA, indicating short-term bullishness and long-term bearishness.
- The Moving Average Convergence Divergence (MACD) is above the signal line with faint green histogram bars, suggesting a bullish market and building buying pressure.
- The Relative Strength Index is in the neutral zone, leaning slightly towards the overbought zone, further supporting the growing buying momentum.
ADA’s Potential Support and Resistance Levels
- If bullish momentum continues, ADA may rally towards a target price of $0.383.
- A further increase in buying pressure could push the price towards a resistance level of $0.397.
- On the other hand, if bearish sentiment takes over, ADA could drop to a support level of $0.286 and potentially reach $0.260 if selling pressure intensifies.
Cardano ADA’s Market Influenced by Upcoming Meetup
Cardano Foundation has announced a meetup scheduled for July 19 to discuss relevant topics within the Cardano Network, including presentations on Muesliswap and NMKR.
Launchpad XYZ: An Alternative Asset for Web3 Technology
Launchpad XYZ is an all-in-one platform designed to increase the adoption of Web3 technology and provide a seamless experience for users. It aims to bridge the gap between Web3 and Web2 companies and offers features such as a Play-to-earn game hub, NFTs, and a trading terminal.
$LPX Presale and How to Purchase
The presale for Launchpad XYZ’s utility token, $LPX, is live and has already raised $1.1 million towards its $1.5 million benchmark. To purchase $LPX, users need to have a dApp crypto wallet and choose the currency they want to spend (BNB, USDT, or ETH). The presale is set on the Ethereum network by default, and users need to ensure they have enough ETH or BNB for the network’s gas fee. After the presale, users can claim their $LPX on the project’s website.
Hot Take: Cardano ADA’s technical chart signals short-term bullishness, and the upcoming meetup may influence its market. Launchpad XYZ offers a comprehensive platform for Web3 technology adoption, and its successful presale indicates strong interest in the project.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies.Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.
