Cardano price has decreased 3 % as ICO Layer-2 ICO closes at $ 20 million

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Cardano price has decreased by 3 % over the past 24 hours of trading at $ 0.7715 from 02:45 AM EST on a 17 % pump in trading volume to $ 1.3 billion.

This decline comes in the price of ADA, where Charles Hoskinson has hinted that the Cardano ecosystem may cooperate with Microsoft just one day after the introduction of ETF Ada (trading box for exchange) by Grayscale.

Urgent news:

Microsoft will come to Cardano, will Carles sit with them on the first of March?@IOHK_Charles It reveals this Microsoft You may participate in Cardano Ecosystem @grayscale

Are you vibrant for 2025? pic.twitter.com/w69ukvzhu2

– Mintern (Minswapintern) February 11, 2025

But what does the Ada price mean?

Cardano currently in a declining direction

The ADA price procedure on the 3 -day chart shows a clear direction after a large gathering. The chart displays a round upper style, which is a classic adverse sign that indicates that the bullish momentum has exhausted and that the sellers control.

ADA collapsed below the SMA 50 -day moving average on 3 days, approaching SMA 200 liters, which often serves as a major support level.

The fair value gap (FVG) is placed on the chart in a range of 0.32 – 0.46 dollars, indicating that the price of Cardano may re -visit this area before trying any possible recovery.

RSI is located at 45.09, indicating that ADA is in a neutral area but tends to a declining feeling. If the RSI decreases to less than 40, it may indicate a traffic condition, which may lead to a short -term relief.

Meanwhile, the graph of the contrast to the MACD is in negative lands, with the MACD line at the bottom of the signal line, confirming a landing cross. This indicates that the declining momentum is still strong, and there is no sign of a bullish reflection yet.

Cardano Price Chart Analysis. Source: Geckoterminal

ADA price prediction

Given the current market structure and technical indicators, ADA is likely to continue to drop towards a scope of 0.32 – 0.46 dollars, where there is an important support area.

SMA may provide 200 times at $ 0.499 temporarily dilution, but if the pressure pressure continues, there can be an additional decrease in the FVG area.

In order to recover the upscale, the price of Cardano icon will need to restore SMA 50 periods at 0.7361 dollars and create the lowest level. In this scenario, the bulls can pay the price of Cardano to the resistance level of $ 1.15.

Meanwhile, investors buy a new Solana Mimi currency called Solaxy (Solx)And that says the famous YouTube channel 99bitcoins, which includes more than 724 thousand subscribers, says it has the ability to rise 100x after its launch.

Swalasi before closing a $ 20 million milestone

Solana is famous for its high -cost and low -cost transactions, which has led to a huge group of Meme coins over the past few years.

Despite this traction, Solana has often seen the network and the failure of transactions, as the last player was launched during the Trump and Melania coin launch last month. These problems are a great headache for Defi users, NFT lovers, and Meme Coin.

Solaxy aims to solve these pain points by processing some of the transactions outside the main chain. Then the data data data is returned to the Solana layer, which prevents network bottlenecks during peak times.

🚨 Sloalai now lives in the upcoming symbols! 🚨Solaxytoken It gives owners the opportunity to join the first Blockchain Solana Layer 2.

Solaxy is set to enhance Blockchain innovation by reducing congestion, reducing failed transactions, and improving the expansion of Sol. … pic.twitter.com/satnf6zfnf

– Best Wallet (Bestwallethq) December 17, 2024

Solaxy is the first solution for the -2 layer on Solana, and its ongoing prosecution has crossed $ 19.9 million.

Moreover, once launch, Solaxy will provide a platform where developers can build decentralized applications or launch new symbols without prejudice (and may even improve) Solana Layer-1 capabilities.

Solaxy also offers holders who subscribe to Solx Token from the project with a huge annual return of 204 %.

Investors interested in participating in preliminary can visit the official Solaxy to buy Solx Tokens for $ 0.001632 each using BNB, ETH, USDT or bank card.

Buy SOLX here before price rises in 18 hours to secure the best deal.