Cardano’s stablecoin will be launched next week. ADA will likely shed the gains it has recorded so far this year. Cardano’s [ADA] native over-collateralized stablecoin, Djed will be launched “next week,” as per a 24 January blog post published by COTI, the layer-1 scalable enterprise network powering the coin. We are pleased to share another […]
Exchanging hands at $0.3564 per coin at press time, ADA’s price declined by 6% in the last 24 hours. After closing 2022 on a tumultuous note, ADA’s price rose by 40% since the year began, data fromWith waning buying pressure and increased profit-taking in the last few days, ADA’s on-balance volume was spotted in a downtrend on a daily chart. As of this writing, the alt’s price was 43.44 billion, having dropped by 1% since 22 January.
An assessment of ADA’s Simple Moving Average revealed a resurgence of a bearish trend in the market. At press time, the 50-day moving average was positioned below the 200-day moving average. This is generally a sign of a downward trend.Subscribe to get it daily in your inbox.
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