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Reading: Cardano (ADA) Price Update: Technical Analysis for Sept 25[embed]https://www.youtube.com/watch?v=NSjCYkhfXAo[/embed][embed]https://www.youtube.com/watch?v=YNYvbL4zkuo[/embed]
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Kriptoteka > Market > DEX > Cardano (ADA) Price Update: Technical Analysis for Sept 25[embed]https://www.youtube.com/watch?v=NSjCYkhfXAo[/embed][embed]https://www.youtube.com/watch?v=YNYvbL4zkuo[/embed]
DEX

Cardano (ADA) Price Update: Technical Analysis for Sept 25[embed]https://www.youtube.com/watch?v=NSjCYkhfXAo[/embed][embed]https://www.youtube.com/watch?v=YNYvbL4zkuo[/embed]

marcel.mihalic@gmail.com
Last updated: September 25, 2024 10:44 pm
By marcel.mihalic@gmail.com 10 Min Read
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<div wp_automatic_readability="159.62001429593">

    <div class="telegrame_cta_content"><div class="wrap" wp_automatic_readability="5.3142857142857"><div class="telegrame_cta_content_inr" wp_automatic_readability="28.342857142857"><p>Join Our <u><a href="https://t.me/insidebitcoins" target="_blank" rel="noopener">Telegram </a></u>channel to stay informed on the latest breaking news</p>
</div></div></div><p>Cardano (ADA) remains in the spotlight as a significant player in the cryptocurrency arena. With ongoing development and robust support from its founder Charles Hoskinson, Cardano has established itself as a reliable platform, retaining positive dynamics even amid market changes. Anticipation is building ahead of the meeting between Hoskinson and Argentina’s President Javier Milei at the Tech Forum Argentina in October 2024, particularly due to Milei’s favorable view on cryptocurrency.</p>
<h2><strong>ADA Key Statistics  </strong></h2>
<ul>
<li><strong>Current Price:</strong> $0.38</li>
<li><strong>Market Cap:</strong> $13.35 billion</li>
<li><strong>Trading Volume (24h):</strong> $357.15 million</li>
<li><strong>Circulating Supply: </strong>35 billion ADA</li>
<li><strong>Total Supply:</strong> 45 billion ADA</li>
<li><strong>CoinMarketCap Ranking</strong>: #10</li>
</ul>
<p>The price movement of ADA over the last 30 and 7 days shows some variations. The cryptocurrency has declined 3.04% from its peak in the last month but has appreciated 4.52% from its weekly high. Notably, ADA has shown robust recovery from its recent lows, rising by 25.37% and 16.38% during these timeframes. This steady ascent reflects long-term investor commitment and careful accumulation.</p>
<h2><strong>ADA/USD Market Analysis  </strong></h2>
<p><strong>Key Levels  </strong></p>
<p><strong><em>Resistance</em></strong><em>: $0.39, $0.41, $0.45  </em></p>
<p><strong><em>Support:</em></strong><em> $0.37, $0.35, $0.33 </em></p>
<figure id="attachment_580027" aria-describedby="caption-attachment-580027" style="width: 980px" class="wp-caption alignnone"><picture decoding="async" class="wp-image-580027 size-full">
<source type="image/webp" data-lazy-srcset="https://insidebitcoins.com/wp-content/uploads/2024/09/ADAUSD_2024-09-25_09-12-11.png.webp 980w, https://insidebitcoins.com/wp-content/uploads/2024/09/ADAUSD_2024-09-25_09-12-11-300x166.png.webp 300w, https://insidebitcoins.com/wp-content/uploads/2024/09/ADAUSD_2024-09-25_09-12-11-768x424.png.webp 768w" srcset="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20980%20541'%3E%3C/svg%3E" data-lazy-sizes="(max-width: 980px) 100vw, 980px"/>
<img decoding="async" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20980%20541'%3E%3C/svg%3E" alt="Cardano (ADA) Price Analysis for Today, September 25 – ADA Technical Analysis" width="980" height="541" data-lazy-srcset="https://insidebitcoins.com/wp-content/uploads/2024/09/ADAUSD_2024-09-25_09-12-11.png 980w, https://insidebitcoins.com/wp-content/uploads/2024/09/ADAUSD_2024-09-25_09-12-11-300x166.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/09/ADAUSD_2024-09-25_09-12-11-768x424.png 768w" data-lazy-sizes="(max-width: 980px) 100vw, 980px" data-lazy-src="https://insidebitcoins.com/wp-content/uploads/2024/09/ADAUSD_2024-09-25_09-12-11.png"/>
</picture>
<noscript><picture decoding="async" class="wp-image-580027 size-full">
<source type="image/webp" srcset="https://insidebitcoins.com/wp-content/uploads/2024/09/ADAUSD_2024-09-25_09-12-11.png.webp 980w, https://insidebitcoins.com/wp-content/uploads/2024/09/ADAUSD_2024-09-25_09-12-11-300x166.png.webp 300w, https://insidebitcoins.com/wp-content/uploads/2024/09/ADAUSD_2024-09-25_09-12-11-768x424.png.webp 768w" sizes="(max-width: 980px) 100vw, 980px"/>
<img decoding="async" src="https://insidebitcoins.com/wp-content/uploads/2024/09/ADAUSD_2024-09-25_09-12-11.png" alt="Cardano (ADA) Price Analysis for Today, September 25 – ADA Technical Analysis" width="980" height="541" srcset="https://insidebitcoins.com/wp-content/uploads/2024/09/ADAUSD_2024-09-25_09-12-11.png 980w, https://insidebitcoins.com/wp-content/uploads/2024/09/ADAUSD_2024-09-25_09-12-11-300x166.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/09/ADAUSD_2024-09-25_09-12-11-768x424.png 768w" sizes="(max-width: 980px) 100vw, 980px"/>
</picture>
</noscript><figcaption id="caption-attachment-580027" class="wp-caption-text">ADAUSD – Daily Chart</figcaption></figure>
<p>Recently, the ADA/USD daily chart shows a decline of 1.80% over the last 24 hours. Despite this drop, <a href="https://coinmarketcap.com/currencies/cardano/">the price is currently trading within the Keltner Channel, approaching a resistance level at $0.39.</a> A successful rally past this point could propel the price towards subsequent notable resistance levels of $0.41 and $0.45. The MACD demonstrates a bullish crossover, indicating potential upward momentum.</p>
<p>Conversely, immediate support is identified at $0.37, followed by additional support levels at $0.35 and $0.33. A breach below these levels might indicate a change in sentiment, potentially causing the price to dip lower, yet the overall momentum remains favorable at this time.</p>
<h2><strong>How Will Cardano Gain from Argentina’s Speculated CBDC?</strong></h2>
<p>Cardano’s outlook appears bright, especially with the increased interest stemming from Charles Hoskinson’s upcoming meeting with Argentina’s President Javier Milei. Milei’s public endorsement of cryptocurrency, along with the anticipation of a central bank digital currency (CBDC) being introduced in Argentina, brings optimism to the Cardano ecosystem. This announcement coincides with Argentina’s ongoing adaptation of blockchain technology, in which Cardano is significantly involved.</p>
<p>Hoskinson has noted Argentina as a crucial growth territory for Cardano, particularly through collaborations and initiatives established within the nation. AtixLabs, an early development partner of Cardano, originated in Argentina and has played a significant role in the platform’s evolution. Earlier this year, the Cardano Foundation forged a strategic relationship in Argentina to advance blockchain implementation locally.</p>
<p><strong>Cardano’s Finest Setup in Years</strong></p>
<noscript></noscript>
<p>Additionally, the recent Chang Hard Fork, implemented in the past month, introduced an essential governance feature to the Cardano blockchain. This upgrade has likely fueled the recent increase in accumulation by significant ADA investors, commonly referred to as “whales.” The number of individuals holding over 1 billion ADA tokens has been rising steadily over recent months, suggesting confidence in Cardano’s long-term potential.</p>
<h2><strong>ADA/BTC Performance Insight  </strong></h2>
<p>The ADA/BTC trading pair is currently valued at 0.00000597 BTC, reflecting a decline of 1.16% in the past day. Despite this minor setback, ADA remains positioned well within the chart, close to the upper boundary of the Keltner Channel. A breakout could drive the price towards 0.00000622 BTC, the next resistance zone, while immediate support stands at 0.00000579 BTC.</p>
<figure id="attachment_580032" aria-describedby="caption-attachment-580032" style="width: 980px" class="wp-caption alignnone"><picture decoding="async" class="wp-image-580032 size-full">
<source type="image/webp" data-lazy-srcset="https://insidebitcoins.com/wp-content/uploads/2024/09/ADABTC_2024-09-25_09-13-06.png.webp 980w, https://insidebitcoins.com/wp-content/uploads/2024/09/ADABTC_2024-09-25_09-13-06-300x166.png.webp 300w, https://insidebitcoins.com/wp-content/uploads/2024/09/ADABTC_2024-09-25_09-13-06-768x424.png.webp 768w" srcset="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20980%20541'%3E%3C/svg%3E" data-lazy-sizes="(max-width: 980px) 100vw, 980px"/>
<img decoding="async" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20980%20541'%3E%3C/svg%3E" alt="Cardano (ADA) Price Analysis for Today, September 25 – ADA Technical Analysis" width="980" height="541" data-lazy-srcset="https://insidebitcoins.com/wp-content/uploads/2024/09/ADABTC_2024-09-25_09-13-06.png 980w, https://insidebitcoins.com/wp-content/uploads/2024/09/ADABTC_2024-09-25_09-13-06-300x166.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/09/ADABTC_2024-09-25_09-13-06-768x424.png 768w" data-lazy-sizes="(max-width: 980px) 100vw, 980px" data-lazy-src="https://insidebitcoins.com/wp-content/uploads/2024/09/ADABTC_2024-09-25_09-13-06.png"/>
</picture>
<noscript><picture decoding="async" class="wp-image-580032 size-full">
<source type="image/webp" srcset="https://insidebitcoins.com/wp-content/uploads/2024/09/ADABTC_2024-09-25_09-13-06.png.webp 980w, https://insidebitcoins.com/wp-content/uploads/2024/09/ADABTC_2024-09-25_09-13-06-300x166.png.webp 300w, https://insidebitcoins.com/wp-content/uploads/2024/09/ADABTC_2024-09-25_09-13-06-768x424.png.webp 768w" sizes="(max-width: 980px) 100vw, 980px"/>
<img decoding="async" src="https://insidebitcoins.com/wp-content/uploads/2024/09/ADABTC_2024-09-25_09-13-06.png" alt="Cardano (ADA) Price Analysis for Today, September 25 – ADA Technical Analysis" width="980" height="541" srcset="https://insidebitcoins.com/wp-content/uploads/2024/09/ADABTC_2024-09-25_09-13-06.png 980w, https://insidebitcoins.com/wp-content/uploads/2024/09/ADABTC_2024-09-25_09-13-06-300x166.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/09/ADABTC_2024-09-25_09-13-06-768x424.png 768w" sizes="(max-width: 980px) 100vw, 980px"/>
</picture>
</noscript><figcaption id="caption-attachment-580032" class="wp-caption-text">ADABTC – Daily Chart</figcaption></figure>
<p>The MACD is indicating signs of a potential bullish crossover, suggesting that positive momentum could be on the way. If ADA remains above its current support levels, further gains may materialize in the coming days, especially with relevant market events and announcements on the horizon.</p>
<p>In a tweet, @LucidCiC observes that Cardano has comprehensively addressed the blockchain trilemma. He emphasizes its robust tokenomics, including 90% of $ADA being held by retail investors, over 3,000 stake pool operators ensuring decentralization, and strong security without any exploits. He conveys a favorable outlook, implying that $ADA is poised to outperform others as it continues to innovate in accessibility, programmability, and scaling.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true" wp_automatic_readability="19.055555555556">
<p lang="en" dir="ltr">Cardano has Solved more than just the Blockchain Trilemma!📯</p>
<p>Tokenomics – 90% <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ADA</a> w/ Retail</p>
<p>Decentralization – 3,000+ SPOs</p>
<p>Accessibility – 24GB RAM Nodes</p>
<p>Security – NO <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ADA</a> Exploits</p>
<p>Programmability – Aiken &amp; Plutus</p>
<p>Scaling – Leios &amp; Hydra<a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ADA</a> will Flip Everything!🏆</p>
<p>— Lucid (@LucidCiC) <a href="https://twitter.com/LucidCiC/status/1838395849631764781?ref_src=twsrc%5Etfw">September 24, 2024</a></p></blockquote>

<h2><strong>Alternatives to Cardano</strong></h2>
<p>Cardano continues to reinforce its prominence in the blockchain ecosystem by delivering substantial returns through its dedicated community, strategic alliances, and ongoing technological advancements. Parallelly, numerous emerging projects are also gaining considerable attention. Among them, Pepe Unchained ($PEPU) stands out, drawing significant interest from both investors and enthusiasts. Its recent presale has successfully raised over $15.1 million, and the upcoming launch of its decentralized exchange (DEX) signals its potential to become a noteworthy contender.</p>
<p>Pepe Unchained's innovative strategy in the meme coin space, combined with its integration with the Ethereum blockchain, offers a unique alternative to conventional decentralized finance (DeFi) platforms. The staking protocol anticipates delivering an impressive annual return of 177%, alongside strong community backing evidenced by more than 1 billion $PEPU tokens staked—meriting careful evaluation from investors pursuing growth opportunities. Additionally, the presale price of $0.00985 offers an attractive entry point for those looking to capitalize on this project’s potential.</p>
<p><strong>$PEPU Claims Attention as Pepe-Themed Meme Coins Illuminate the Market</strong></p>
<noscript></noscript>
<p>Furthermore, the engaged community of 18,700 on Twitter surrounding Pepe Unchained highlights the project’s increasing momentum. This level of involvement indicates <a href="https://youtu.be/YNYvbL4zkuo">a solid groundwork for ongoing development and success.</a> A thorough analysis suggests that Pepe Unchained is well-positioned for significant growth, presenting a compelling investment prospect for those seeking to diversify their portfolios.</p>
<p>Visit Pepe Unchained</p>
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