Cardano price analysis: ADA recovers to $0.486, as the coin shows sideways price movement

The most recent Cardano price analysis shows sideways price movement for the day as the price is recovering slowly. The price has been under the bearish shadow for the past two days, yet today a recovery in bullish momentum is being observed.

Timeline of Cardano

Cardano (ADA) appears to be more dented by a bear market than some of its other major peers, recent data shows. The token is down 2.2% in the past week at $0.4845, compared to steady gains across most other top-10 cryptocurrencies.

Input Output, which is a platform that drives the decentralised and smart contract platform Cardano, has now released the Cardano node 1.35.0. The Input Output team has announced via a tweet, that the release of Cardano node 1.35.0 has been successful.

While Ethereum (ETH) competitor Cardano price maintains its multi-month decline, well respected crypto expert Benjamin Cowen examines the situation. Cowen examines prior occasions where Cardano was in a brief downturn and says that since ADA currently appears reasonably cheap after falling 83% of its price from its all-time high, historically it indicates that the currency …

After more than a month, ADA is still found in a flat trend, unable to break away. Key Support levels: $0.45, $0.38  Key Resistance levels: $0.45, $0.55 Despite several attempts from ADA to leave the current range, bulls and bears were unable to break away in any direction.

Widely followed crypto analyst Benjamin Cowen is taking a look at the state of Ethereum (ETH) rival Cardano as ADA continues its multi-month downtrend. In a new strategy session, Cowen looks at previous periods when Cardano was in a long-term downtrend and notes that while ADA already looks fairly discounted after losing 83% of its The post Has Cardano Hit Rock Bottom? Analyst Benjamin Cowen Looks at State of ADA appeared first on The Daily Hodl.

Cardano (ADA) founder Charles Hoskinson is addressing Congress in an attempt to detail the real-world use cases of crypto assets. In a prepared testimony to Congress on the topic of digital asset regulation, Hoskinson says blockchain technology helps marketplaces thrive due to its decentralized and permissionless nature. “Distributed ledgers (i.e., blockchains) store information that needs The post Cardano (ADA) Founder Charles Hoskinson Addresses Congress, Argues for Real-World Uses of Crypto and Blockchain appeared first on The Daily Hodl.

The Cardano price analysis is displaying bullish progress today. After yesterday's sluggish bullish price movement, bulls got some momentum today as the price break-out was upwards, and bulls uplifted the price significantly to $0.519 in a swift move.

On Thursday (June 23), Charles Hoskinson, who is Co-Founder and CEO of IO Global (aka “IOG”, formerly known as “IOHK”), the company responsible for Cardano's research and development, talked about “the importance of appropriate & responsible regulation” for the crypto industry. His comments were made while he was providing testimony and responding to questions from members of the

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Bitcoin has ground its way higher on the charts in the past two days.

The Cardano price analysis shows that the cryptocurrency price has been moving in an ascending direction due to the ongoing bullish momentum. The bullish momentum has been continuous as the last hours have also seen an increase in the price value up to $0.502.