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NewsBTC 2022-08-28 05:50:13

Cardano Price Trajectory Signals Negative Bearing, Weekly Chart Mostly In Red

The price movement of Cardano (ADA) has been in the negative direction, and the seven-day chart was predominantly red. ADA resistance key seen at the $0.4694 level Cardano price up by 3.74% Fed tensions negatively impacted crypto market; including ADA price Following a recent market correction, ADA encountered resistance at the $0.4694 level. After the latest report on Vasil adoption, the Cardano (ADA) rollercoaster this week has struck another high chord on August 27. Related Reading: Shiba Inu Burn Events Spark A Rally In Altcoin Over The Past Weeks Cardano (ADA) Price Up by 3.74% According to CoinMarketCap, ADA price has skyrocketed by 3.74% or trading at $0.4506 as of this writing. Most of Cardano’s staking pool operator nodes have upgraded to version 1.35.3 as of late, or about 69%. To begin Vasil implementation, the community is still awaiting at least 6% more. Interestingly enough, Cardano had a strong start to the week until the crypto markets fell after Powell’s speech. Since then, prominent crypto assets have experienced red flashes over the course of the last day. After being among the best-performing assets in the market this week, ADA has suffered significantly. It has decreased 8.31% in the last day’s trading to $0.43 as of Saturday. As of August 26, the events assisted ADA in overcoming its reluctance. Related Reading: Polkadot Dev’t Activity Up In Last 7 Days, Despite Steady Drop In DOT Price ...

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