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Cardano price has decreased by 4 % over the past 24 hours of trading at $ 0.77 from 7:15 am US EST on a 27 % pump in trading volume to $ 925 million.
This decrease in the ADA price comes at a time when the founder of Cardano Charles Hoskinson has expressed its excitement on the management of government efficiency at Elon Musk (Doge) starting from Investigation of the Securities and Stock Exchange Committee (SEC).
Hoskinson’s reaction was positively to the news, as it posted a “very happy” image on X.
This is in line with the broader feelings among the encryption advocates, who have long criticized the SEC strict position, on the pretext that it suffocates innovation in the United States.
https://t.co/crvobgtgzl pic.twitter.com/qrfxn7593l
Charles Hoskinson (@IOHK_Charles) February 17, 2025
Politico stated that DOGE officials will arrive at the Supreme Education Council within days to investigate the organizer as part of its efforts to reduce government spending.
DOGE has launched X account, asking the audience tips about waste, fraud and abuse within the agency. Musk, who was subjected to previous conflicts with the Supreme Education Council, recently described a “fully broken organization” after being accused of offering $ 150 million in accusations of Twitter.
Dog is seeking help from the audience! DM please this account with visions about finding and repairing waste, fraud and ill -treatment related to the stock and stock exchange paradise.
– Doge SEC (Doge_sec) February 17, 2025
However, Democrats, including Maxine Waters, have raised concerns about Musk’s access to SEC sensitive data, especially the unified audit path (CAT), which tracks the activity of the American market.
Waters, Acting President SEC Mark Oida, warned that Doug’s participation can put financial control, for fear that the musk will take advantage of data to achieve personal gains or revenge.
Cardano Price is struggling at the main resistance levels: Will he keep $ 0.90?
Cardano price currently Trading at $ 0.776On the occasion of a decrease of 4.20 %. The price range of the day witnessed an increase of $ 0.814 and a bottom of $ 0.767, indicating continued fluctuations in its current direction. The key resistance levels are created at $ 0.90 (R1), $ 1.10 (R2), and $ 1.30 (R3), while the closest support levels sit at $ 0.70 and less critical embarrassment at $ 0.517.
ADA witnessed a sharp rise in November 2024, prompting it to a strong upward trend. However, since it reached a peak, it has been circulated within a well -defined downcrades, characterized by the highest fixed and lower levels.
ADAUSD Source Analysis: Tradingview
The price leap of support near $ 0.70 indicates that buyers are trying to restore control. If the momentum continues to build, ADA may challenge $ 0.90 resistance (R1).
A successful collapse that exceeds this level indicates a possible reflection of the trend, as the price goals extend to $ 1.10 (R2) and $ 1.30 (R3).
On the contrary, failure to break this resistance can see a price reflection of about $ 0.70 or even $ 0.517, a major historical support zone.
Cardano Price Eyes Eyes Prackout
The RSI is currently at 43.12, which reflects a neutral feeling of salt. RSI has recently turned out of the sale level (36.86), indicating that the sale pressure may slow down.
A continuous step above 50 on the RSI would confirm a shift towards upward momentum, which increases the possibility of outbreak.
In addition, the Luxalgo trend lines with the break indicate indicate that the declining direction began to weaken. If the purchase volume increases, ADA can explode from the hibudian canal, which leads to a shift in the morale of the market.
Cardano Price is located in a pivotal stage, where price procedures will be determined in the coming days whether it can come out of the phase of alphabetic or continue in the lower direction.
The decisive step exceeding $ 0.90 (R1) will verify the authenticity of the transformation of the upward trend, while rejection at this level will indicate more risks of the negative side.
The best wallet before exceeding $ 10 million – the next encryption of the explosion?
Since Cardano prices are fighting to break the main resistance, investors flow to buy in the best (better) portfolio, which already raised more than $ 10.1 million of financing.
10 million dollars collected and the best wallet continues to grow! 🔥
a contract Best $ Not only is to be part of the fastest growing encryption portfolio. It comes with real advantages that put you in the top of the game:
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✅ Total control in one … pic.twitter.com/mrjp7jorsg– Best Wallet (Bestwallethq) February 17, 2025
Best Wallet is a vast digital asset management platform that supports more than 60 Blockchain that allows users to manage multiple web3 governor.
One of the prominent features is the next symbol section, which is commented on the most important pre -border in the market for customers. A good record has been established, recommending Meme currencies such as CatSAP (SLAP) and Pepe Unchained (Pepu), which have achieved huge returns for the first investors.
Its latest recommendations are BTC Bull Taken (BTCBULL), a new Mimi currency that gives up Bitcoin for the distinctive code holders across the Milestone -based Airdrops when the Bitcoin price strikes new levels ever.
The encryption analyst and YouTube Crypto, which has more than 141,000 subscribers, predicts that the best can rise 10x after its launch.
Investors can also share the best symbols in a huge annual return by 173 %.
🚨 $ BTCBLL lives in the upcoming symbols! 🚨btcbull_token The Bitcoin -based MEME code that provides AirRoprops is a landmark -based AirROPROPS where Bitcoin reaches new price levels.
With integrated incentives for purchase, retaining, and trading, BTCBLL gives holders a new way to stack BTC … pic.twitter.com/bmzbhcltu
– Best Wallet (Bestwallethq) February 10, 2025
Selling at $ 0.024025, better can be purchased with Crypto or a bank card. Investors who are interested should buy before raising prices in less than 7 hours.
Better buy here.
Related articles:
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