Discover Crypto is one of the leading YouTube channels in industry with more than a million subscribers and released a viral video about Cardano.
Before we went to what they explained about the ADA price in this article, note that it decreased by 2.5 % today, and is now trading at $ 0.70.
XRP victory opens Cardano doors
The XRP lawsuit finally ended – at least the most important main part. This victory is not just good news for Ripple and XRP, but also for other encrypted communications facing similar organizational challenges, especially Cardano (Ada).
The video showed a scheme for comparison that highlights any metal currencies that meet some “Pro-Crypto” criteria in Cardano, which stands out as the only cryptocurrency besides XRP that checks all these boxes. Both have ETF applications, presented in America, and Trump mentioned it, and it has founders involved in the White House. Charles Hoskinson, who created Kardano, has a political vision similar to XRP executives, indicating that ADA can benefit from the same organizational clarity that XRP is now.
He congratulated Hoskinson XRP, describing it as a “great victory over Crypto” saying, “It is time to build again.” He knows SEC Scrutiny well, as Cardano has been named in both Binance and Coinbase claims. This places ADA to follow the XRP path forward.
Market signals indicate an increase in interest
The activity of the last whale reveals the increasing interest in Cardano, as big investors buy 190 million ADA in just 24 hours. After a period of low activity, this sudden rise suggests smart money that enters before a possible price move.
Feelings towards Ada are at the highest level in four months, with positive comments that exceed negative comments by 3.5 to 1. The last time it had a high feeling (in late October to early November), Ada has seen a significant increase in prices. The typical style follows a cycle: feelings rise, price pumps, whale sale, and decrease feelings. Currently, we seem to be in the early stage of feelings that rise again.
On the technical side, ADA is tested important support levels dating back to 2018. Cardano is currently located in 850 Satoshis Mark, which was a strong support or resistance level several times in its history. How the price interacts at this level will be very important.
In terms of dollar, XRP news and relevant encryption data caused many price fluctuations. ADA plans appear to decline to about $ 0.68 -0.69 dollars in the short term. But the biggest picture looks good. If the current positive direction continues, ADA may climb more than $ 1.10, which will be a great gain from where it is now.
Looking at the RSI index, we see a thunderbolt sign – while the price decreased to the lowest new level, the relative strength index has not decreased as before. This means that there is a force that accumulates behind the scenes. In the longest time frames, the relative power indicator of Cardano remains strong, indicating good support for the price even with the last up and down.
Also read: Pro-XRP lawyer about what is the following for Ripple after the resumption of SEC-4 possible scenarios
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