• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Tuesday, June 17, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

Cardano Poised for Breakout: Can ADA Break Above $0.50?

Jordan Avery by Jordan Avery
May 7, 2024
in News
Reading Time: 3 mins read
0
cardano-ada-bullish-price 3 1
Share on TwitterShare on Facebook

Cardano price is above $0.42, but cannot gain a foothold above $0.500. However, this important level could trigger a bullish ADA rally. It is expected that if the price of ADA manages to break the important psychological barrier of $0.500, this could lead to a significant recovery in Cardano.

It’s a Good Time to Accumulate Cardano

CARDANO-ADA-PRICE-CRYPTO-111 1-BULLISH

The on-chain metric MVRV evaluates the ratio of the market and realized value of an asset. It gives an idea of ​​the investor’s profit or loss. Moreover, Cardano’s 30-day MVRV is at -10.24%, signaling losses and potentially encouraging accumulation. Historically, ADA recovery occurs in the MVRV range of -7% to -17%, which is considered an area of ​​opportunity for accumulation.

cardano -ada
Santiment

Other market indicators also support the bullish scenario. For example, the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicator are currently positive. Meanwhile, the RSI is currently above the 50.0 neutral line, in bullish territory, while the MACD is showing a bullish crossover. Combined with the asset’s potential accumulation, this promises a price rally.

ADA forecast: recovery above $0,500

Cardano’s price, after bouncing off the $0.428 support, is just below the $0.468 resistance at the time of writing.

ada-price
RSI and MACD. Source: TradingView

To consolidate the rally, the $0.518 barrier must turn into support. In addition, this will help the price break out of the three-week consolidation and continue to rise to $0.600, which would represent a 25% rally. On the other hand, if the breakout fails, the price will likely continue to consolidate. If the support at $0.420 is lost, the bullish scenario will be untenable. On the other hand, this could cause ADA to fall to $0,400.

About Cardano (ADA)

Cardano is one of the most popular cryptocurrencies and ranks fifth in terms of market capitalization. However, the project is a decentralized public blockchain, the main goal of which is to protect user privacy, as well as easy modernization so that the system can quickly develop. Moreover, Cardano is a multi-layer protocol; the settlement layer is responsible for computational functions, and the control layer runs smart contracts and enforces network requirements.

Like Ethereum, Cardano is being developed as a platform on which smart contracts and decentralized applications can be run. The project was launched in 2015 and opened to the public in 2017. It is based on the Ouroboros Proof-of-Stake algorithm. The Cardano platform runs a decentralized, open-source cryptocurrency (ADA) that can be used to send and receive digital funds.

Tags: AdaADA price forecastBullish indicatorsCardanoCardano forcastOn-chain MVRVprice analysisrally potential
Previous Post

Dogecoin Price Prediction: New 25% Jump on the Horizon

Next Post

Solana Rebound Fueled by Institutional Inflows, Can the Rally Last?

Related Posts

Solana ETF Incoming? What Bloomberg’s 90% Prediction Means for Investors
News

Solana ETF Incoming? What Bloomberg’s 90% Prediction Means for Investors

June 17, 2025
Featured

Trump Earns $57M from Crypto Venture

June 14, 2025
$3 Billion in Bitcoin Options Expire Today — Will BTC Crash or Bounce?
News

$3 Billion in Bitcoin Options Expire Today — Will BTC Crash or Bounce?

June 14, 2025
Market Analysis

XRP Price Prediction: Is History About to Repeat Itself?

June 9, 2025
Featured

Zhao DEX Could Challenge HyperLiquid

June 8, 2025
Featured

Trump vs Elon Musk: Dogecoin Tumbles on Market Fear

June 7, 2025

Press Releases

What you will get:  Simple steps to start trading cryptocurrencies like Bitcoin and Ethereum How to choose a reliable crypto exchange with low fees and strong security Key tips to read crypto price charts and manage trading risks How to stay updated with market-moving news and practice safely before investing Introduction Cryptocurrency trading has exploded in popularity as an easy way to earn online. With simple guidance you can start trading Bitcoin Ethereum and other altcoins using your phone or computer. This guide gives clear steps for beginners. What Is Crypto Trading and How Does It Work Crypto trading is buying and selling digital currencies like Bitcoin Ethereum Cardano or Solana to make a profit. You buy when prices are low and sell when they go higher. There are two main trading types: Spot trading: You own actual coins. Derivatives trading: You trade based on price movements without owning coins. Spot trading is perfect for beginners because it’s more straightforward and less risky. Step 1 Choose a Reliable Crypto Exchange Select a trusted crypto exchange. Popular beginner-friendly options: Binance: Low fees and many altcoins Coinbase: Easy for beginners with strong security Kraken: Great support and euro compatibility Bybit: Simple interface with spot and futures Look for: Easy sign up and verification Strong security (2FA, cold storage) Low trading fees and fast euro or fiat deposits Wide selection of coins and high volume Step 2 Learn Crypto Chart Reading Reading price charts will improve your crypto trading success. Key concepts: Trend lines: Overall up or down movements Support levels: Prices where value tends to bounce up Resistance levels: Prices where value tends to slow or reverse Start with basic charts like candlestick charts. Many platforms like Binance and Kraken offer built-in guides. Step 3 Manage Risk and Use Stop Losses Crypto prices are very volatile and can change fast. Protect your investment by: Investing only what you can afford to lose Using stop-loss orders to sell automatically at a set lower price Not risking more than 1–2% of your portfolio on any trade This risk management helps you stay in the game long term. Step 4 Stay Updated with Real-Time Crypto News Crypto markets respond instantly to news. Use reliable sources like Vr Soldier, CoinDesk, CoinTelegraph and The Block. Track: Bitcoin ETF decisions New coin listings on exchanges Regulatory changes Major partnerships and developments Following crypto news helps you predict good entry and exit points. Step 5 Use Demo Accounts to Practice Many exchanges like Binance and Bybit offer demo accounts or testnets. Practice trading with virtual money first. This helps you learn: How orders work Chart reading in real time Trading fees and order types Once you feel confident, move to small real trades. Final Simple Tips for New Crypto Traders Start with well-known coins like Bitcoin Ethereum Avoid chasing hype or FOMO (Fear Of Missing Out) Keep a basic trading journal or spreadsheet Learn from both wins and losses Crypto Trading Basics for Long Term Profit
Education

Crypto Trading Basics for Long Term Profit

by Alex Mercer
June 16, 2025

What you will get:  Simple steps to start trading cryptocurrencies like Bitcoin and Ethereum How to choose a reliable crypto...

Read more
$3 Billion in Bitcoin Options Expire Today — Will BTC Crash or Bounce?

$3 Billion in Bitcoin Options Expire Today — Will BTC Crash or Bounce?

June 14, 2025
Trump vs Elon Musk: Bitcoin Dips as Tesla Crashes

Trump vs Elon Musk: Bitcoin Dips as Tesla Crashes

June 6, 2025
Binance Beats SEC—Crypto Cheers the Legal Victory

Binance Beats SEC—Crypto Cheers the Legal Victory

June 2, 2025
Bitcoin Gains Ground as Job Market Wobbles—Digital Gold to the Rescue?

Bitcoin Gains Ground as Job Market Wobbles—Digital Gold to the Rescue?

May 25, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier