Daily Cardano Comments

[badsha0015]

Technically, the $2.50 resistance level is a barrier that needs to be overcome in the short term. If this level is broken, analysts' targets such as $2.75 may come to the agenda. Especially if the SEC's regulatory effects on Ripple are completely removed, the bulls may target $3. On the other hand, the fact that large investors (whales) still do not show any significant selling or buying behavior also indicates that the price remains balanced. If you want to evaluate the potential in XRP, you should follow such news flows closely because macro developments directly affect price movements.

Cardano (ADA) is another crypto asset that has attracted a lot of attention in this process. The price of ADA has risen from $ 0.7425 to $ 0.7500 in the last 24 hours. The price has generally been in a calm momentum and has telegram data recovered with small pullbacks. In particular, whales' purchase of 240 million ADA clearly shows their long-term interest and investment demands. While the $ 0.76 level constitutes short-term resistance, breaking this point indicates that we may see wider movements.

Cardano’s technological growth trend presents an attractive picture for investors. The fast transaction capacity and the increasing number of projects due to the Hydra layer solution show that the network can be successful in the long term. Rumors of a possible collaboration with World Liberty Financial and ADA’s visibility in the DeFi ecosystem reinforce the positive trend. On the technical side, pricing above the 200-day EMA is considered a “bullish” signal. If this momentum continues, the price is likely to test $0.85. However, it is important to carefully monitor the resistances in consolidated price movements.