12/1/2023 0 Comments Incoming meme![]() However, bears are expected to put up strong resistance at this level. This could send the ADA price toward the next resistance of $0.34. On the flip side, if buyers manage to push the price above $0.32, it would indicate that the bulls have regained control and ADA is ready for an uptrend. ![]() ADA price might hover around this region for a bit before triggering any upward correction. This situation could shift in favor of the bears if the price dips below $0.3, potentially dragging the price down to $0.27-$0.29. The slight decline of the 20-day EMA and the RSI hovering below the midpoint fail to provide a distinct edge to either buyers or sellers. one day ill add description also hi EchoFeatherss you are so coolalso Mossy supremacy i swear °thanks for watching//og. As of writing, ADA price trades at $0.304, declining over 0.55% in the last 24 hours. Like us on Facebook Like 1.8M PROTIP: Press 'i' to view the image gallery, 'v' to view the video gallery, or 'r' to view a random entry. Bears tried multiple times to plunge the ADA price below the crucial support line of $0.3 but failed as bulls emerged near the lower levels to defend a decline. 15 Tornado Selfie 176,281 46 22 3 Updated about a year ago by Adam. What’s Next For ADA Price?Ĭardano is currently experiencing a fierce tug-of-war between bullish and bearish forces below the 200-day EMA. This increase suggests that more users are locking their assets in Cardano’s DeFi protocols, indicating growing confidence in the platform’s long-term potential. In the case of Cardano, its TVL has been on a consistent rise, even as its token price experiences a downward trend. Animation meme IMHUNGRY 36K subscribers Subscribe 134K 2.9M views 1 year ago Hey We have 130 SUB, thank you guys Song: INCOMING - MC ORSEN Watch Super. It represents the total amount of assets staked or locked in a blockchain’s smart contracts, serving as an indicator of the network’s popularity and utility. TVL, or Total Value Locked, is a critical metric in the decentralized finance (DeFi) sector. This represents remarkable growth in a relatively short span of months. The TVL now stands at $178.6 million, a significant leap from its early 2023 level of around $50 million. Despite a declining price trend, Cardano’s TVL has been on a steady upward trajectory, indicating a growing level of trust and interest in the platform.Īs per data from DeFiLlama, there has been a consistent surge in Cardano’s TVL over the past quarter, with an impressive increase of nearly 30%. ![]() Advertisement Cardano’s TVL Continues To Rise Despite Declining PriceĬardano (ADA) has been making waves, not for its price action, but for a different metric altogether – its Total Value Locked (TVL). ![]()
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