Crossed currencies began at the weekend in red, with Cardano (ADA), which is the largest number of cryptocurrencies through the market value, which represents great losses.
At the time of this report, ADA has decreased by 4.08 % in the past 24 hours to $ 0.677 after a previous decrease to $ 0.666, with its lowest levels between $ 0.6567.
Cardano has decreased since May 26 and will celebrate the fifth day of losses if the day is closed in red. The decrease in ADA decrease to less than SMA for 50 days at $ 0.714, a main level that will determine whether ADA will expand its unification or decrease.
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If the ADA price remains less than SMA for 50 days, it indicates that the bulls may race to the exit. Ada may decrease to $ 0.60, as buyers are likely to come. The $ 0.60 bounce may indicate a possible short -term trading.
To show strength, bulls may need to pay and keep the ADA price for more than $ 0.74. ADA can rise to a $ 0.826 general resistance, which coincides with SMA for 200 days and is a crucial level of monitoring. A break and closing more than 0.826 dollars and then $ 0.86 can send ADA to $ 1.01.
Cardano strikes new landmarks
Cardano has reached an important landmark, now supports a total of 2,002 projects on his network. Bitcoin orders were blocked to Kardano for the first time using BitvmX, which represents a new milestone for inter -operation.
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According to the latest development report before Entry outputThe number of removed wallets is fixed at 1.33 million, which reflects a simple weekly increase of 0.02 % and indicates the user’s continuous participation.
On the side of the assets, 10.81 million local symbols were released through 215,713 symbolic policies. Development activity is increasing, with 134,286 PLUTUS and 6,817 text programs. Governance participation also increased, with 1,331 delegated representatives, including active 963 Dreps, increased 1.14 % over the previous week. The developer’s contributions remain important, with 305 GitHub Contract, which represents a 23.73 % increase in weekly activity.
