However, bears are expected to put up strong resistance at this level. This could send the ADA price toward the next resistance of $0.34. On the flip side, if buyers manage to push the price above $0.32, it would indicate that the bulls have regained control and ADA is ready for an uptrend. ADA price might hover around this region for a bit before triggering any upward correction. This situation could shift in favor of the bears if the price dips below $0.3, potentially dragging the price down to $0.27-$0.29. Ft : snow catApps used : Flipaclip (premium) CapCut, Ibis paint x and MP3 ConverterFps : 17Layer : 5Time taken : 2 Hours 30 minim not create my own songT. Incoming call meme The colloquial usage of 'must be new here' has been noted in popular films and TV comedy series for many years, with the earliest mentions found in an episode of the 1967 British TV series The Prisoner and more recently in an episode of the FOX sitcom series 'Titus'3 that aired in 2000. The slight decline of the 20-day EMA and the RSI hovering below the midpoint fail to provide a distinct edge to either buyers or sellers. As of writing, ADA price trades at $0.304, declining over 0.55% in the last 24 hours. Bears tried multiple times to plunge the ADA price below the crucial support line of $0.3 but failed as bulls emerged near the lower levels to defend a decline. What’s Next For ADA Price?Ĭardano is currently experiencing a fierce tug-of-war between bullish and bearish forces below the 200-day EMA. This increase suggests that more users are locking their assets in Cardano’s DeFi protocols, indicating growing confidence in the platform’s long-term potential. In the case of Cardano, its TVL has been on a consistent rise, even as its token price experiences a downward trend. It represents the total amount of assets staked or locked in a blockchain’s smart contracts, serving as an indicator of the network’s popularity and utility. TVL, or Total Value Locked, is a critical metric in the decentralized finance (DeFi) sector. I was to lazy to do 2 walk animations so eH-Okay so I have different descriptions in my clio board so Ill use different description in every video. This represents remarkable growth in a relatively short span of months. The TVL now stands at $178.6 million, a significant leap from its early 2023 level of around $50 million. Despite a declining price trend, Cardano’s TVL has been on a steady upward trajectory, indicating a growing level of trust and interest in the platform.Īs per data from DeFiLlama, there has been a consistent surge in Cardano’s TVL over the past quarter, with an impressive increase of nearly 30%. Advertisement Cardano’s TVL Continues To Rise Despite Declining PriceĬardano (ADA) has been making waves, not for its price action, but for a different metric altogether – its Total Value Locked (TVL).
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