Cardano

Solana

Avalanche

<figure>
 <figcaption>
  Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<p lang="en-GB" xml:lang="en-GB">Crypto analyst Ali Martinez has shared an ADA chart, saying that he expects this <a href="https://u.today/cardano-price-analysis-heres-75-billion-ada-factor-investors-should-watch" rel="noopener noreferrer nofollow">Cardano native coin</a> to push a few candles down.</p>
<h2 id="ada-may-rebound-before-resuming-uptrend">ADA may rebound before resuming uptrend</h2>
<p lang="en-GB" xml:lang="en-GB">Martinez has noticed sell signals on three-day and one-day ADA/USD charts. He pointed out that it suggests a potential pullback that ADA may undertake, printing from one to four red candles.</p>
<p lang="en-GB" xml:lang="en-GB">The analyst warned his followers on Twitter/X to watch out for that one and added that this might just be a short-term rebound of ADA before it resumes its glorious uptrend started earlier.</p>
<blockquote>
 <p lang="en" dir="ltr">Watch out! ⚠️ Sell signals have emerged on both the 3-day and 1-day <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ADA</a> charts, suggesting a potential correction of one to four candlesticks.This may just be a short-term pullback before <a href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Cardano</a> resumes its uptrend! <a href="https://t.co/t1e1aQLotw" rel="noopener noreferrer nofollow">pic.twitter.com/t1e1aQLotw</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1733477836453711892?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 9, 2023</a>
</blockquote>
<p lang="en-GB" xml:lang="en-GB">Since Tuesday this week, the ADA price has increased by a staggering 59.67%, <a href="https://www.tradingview.com/symbols/ADAUSD/" rel="noopener noreferrer nofollow">reaching $0.6362</a>. A small decline, though, that followed, pushed ADA a tiny 2.45% down. At the time of this writing, the coin is changing hands at $0.6199 on Coinbase.</p>
<p lang="en-GB" xml:lang="en-GB">On Friday, Cardano soared to the $0.5 level, and the Cardano founder Charles Hoskinson tagged <a href="https://u.today/cardano-founder-says-he-and-50-cent-in-same-club-now-heres-his-message" rel="noopener noreferrer nofollow">popular rapper 50 Cent</a> in his tweet with his song “In Da Club” to say “We are both in the same club now.”</p>
<h2 id="cardano-scores-new-record-in-defi">Cardano scores new record in DeFi</h2>
<p lang="en-GB" xml:lang="en-GB">As reported by U.Today earlier, Cardano has also reached a major milestone in the DeFi space. It has entered the top 10 list by total value locked (TVL), <a href="https://u.today/cardano-just-achieved-major-milestone-in-defi-space" rel="noopener noreferrer nofollow">reaching a high of $343 million</a> worth of ADA locked for profits.</p>
<p lang="en-GB" xml:lang="en-GB">Ethereum, Tron, Binance Chain, Arbitrum, Polygon, Optimism, Solana and Avalanche surpass Cardano by the size of their TVL so far as it sits on the last, 10th place of this list.</p>

Cardano: Potential Short-Term ADA Pullback Predicted by Analyst

Table of Contents

U_Today

Other articles published on Dec 9, 2023

Kinerjanya Kurang Apik, Begini Prediksi Harga BNB di Tahun 2024

Terus Melejit Tak Terbendung, Harga BTC Diprediksi ke US$50.000 Minggu Depan

A truce in exchange for a crypto, what is this: a strange idea or brilliant diplomacy? Vladimir O...

South African Regulator May Require Crypto Firms to have a Local Office

Bitcoin Miner Hive Digital’s Rig Acquisition Strategy Pays Off Handsomely in Surging Market

SEC Issues Warning on Cryptocurrency Investment: Any Interest in Spot Bitcoin ETFs?

Join our free newsletter for daily crypto updates!