Cardano Price Consolidates at $0.36 USD – Breakout Above $0.36 USD Crucial
The ADA price is moving within a tight trading range between $0.35 and $0.36 USD, while founder Charles Hoskinson emphasizes Cardano's technological superiority over traditional financial solutions.
The Cardano price (ADA) is currently trading at $0.3574 USD and is in a consolidation phase. Over the past 24 hours, the price has moved between $0.3521 USD and $0.3590 USD with a market capitalization of approximately $13.1 billion USD.
Cardano founder Charles Hoskinson commented critically on the traditional financial world, which in his view is only now experimenting with blockchain technology. Platforms like Cardano and the associated Midnight project have long been complete systems for Web3 use cases, while TradFi solutions fail to match their performance capabilities.
From a technical perspective, the price shows a neutral to slightly bullish tendency in the short term. The ADA price is trading just above the EMA-20 at $0.3553 USD, with the next significant support level at $0.3488 USD. The RSI is moving at 52.0, signaling neutral momentum without overheating.
Analysts see a decisive phase ahead: A sustained breakout above the resistance at $0.3590 USD could open further upside potential to $0.3840 USD. A break below $0.3488 USD, however, would activate a bearish scenario. The moderate trading volume indicates cautious market participants.
Sources
- [1]btc-echo.de
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