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Cardano ($ADA) Dips 8% After Foundation’s X Account HackCardano ( CRYPTOCAP:ADA ), one of the largest cryptocurrencies by market cap, faced significant turbulence after the Cardano Foundation’s X account (@Cardano_CF) was compromised on Sunday. This breach resulted in false promotions and market concerns, triggering an 8% drop in ADA’s price. Here’s a comprehensive analysis of the incident and the technical and fundamental outlook for the coin. The Hack and Market Sentiment The compromised X account propagated false information, including: - Promotion of a fake token, ADAsol: Claimed as a partnership between Cardano and Solana. - False claims of ADA withdrawal halts: Allegedly tied to SEC actions, further amplifying market fears. The Cardano Foundation promptly addressed the issue, urging users to disregard any posts from the hacked account. Despite this, the damage to market sentiment was palpable, as fear and uncertainty gripped traders. Broader Implications This incident underscores the vulnerability of social media platforms to cyberattacks, even for established blockchain entities. It also raises critical questions about the need for enhanced cybersecurity in the crypto ecosystem. However, amidst the chaos, optimism persists. Whale activity has shown signs of accumulation, suggesting that large investors still hold faith in ADA’s long-term prospects. Additionally, Cardano’s strong monthly performance—166% gains—indicates the potential for recovery. Technical Analysis At the time of writing, CRYPTOCAP:ADA trades at $1.115, reflecting a 6.79% drop intraday. The coin’s immediate range shows: - Intraday low/high: $1.15–$1.22 - RSI (Relative Strength Index): 49, indicating weak momentum but a potential buy zone for opportunistic traders. Market Outlook While the hack triggered bearish sentiment, ADA’s price action aligns with broader market trends. Bulls will need to reclaim $1.22 to resume the upward trajectory seen earlier in Q4. Meanwhile, sellers may dominate if ADA fails to hold above the 38.2% Fib retracement level. The Road Ahead The X account hack could continue to weigh on ADA’s price in the short term. Negative sentiment might lead to increased selling pressure, especially if there are delays in restoring the compromised account. Long-Term Prospects Despite this setback, ADA’s bullish fundamentals remain intact: - Whale Accumulation: Signals strong institutional confidence. - Q4 Market Optimism: Renewed interest in cryptocurrencies positions ADA for potential gains. Conclusion The Cardano Foundation’s X account hack has undeniably shaken market confidence, resulting in an 8% dip in ADA’s price. However, with strong fundamentals and signs of whale accumulation, the coin still holds promise for recovery. Traders should closely monitor technical levels and broader market trends to navigate this volatile period. For long-term holders, ADA remains a compelling investment, backed by its ecosystem and community support.
Long
by DEXWireNews
CARDANO - Time to buy again!As I mentioned in my previous analysis, the price dropped to the support zone and then rebounded strongly. Now, the price has reached a point where it can easily rise to $1.33. previous Anlalysis Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
Cardano (ADA) Buy SetupAlexGoldHunter BINANCE:ADAUSDT Technical Analysis and Buy Strategy for Cardano (ADA/USDT) Chart Analysis Current Price: $1.1866 Key Zones: Order Block: $1.25 Swing High: $1.1958 Swing Low: $1.15 Strong Low: $1.03 Volume Profile: Significant trading volume around $1.18 to $1.20, indicating strong interest and potential support/resistance. Technical Indicators: RSI (Relative Strength Index): Currently around 47.99, indicating neutral momentum. MACD (Moving Average Convergence Divergence): Shows a bearish crossover, suggesting potential downward momentum. Buy Strategy with Confirmations Identify Key Support Levels: Look for buying opportunities around the $1.15 support level, as it has been tested multiple times and held. Volume Confirmation: Ensure there is significant buying volume when the price approaches the $1.15 support level. This can be confirmed by a spike in the volume bars. RSI Confirmation: Look for the RSI to be in the oversold region (below 30) and then start to move upwards, indicating a potential reversal. MACD Confirmation: Wait for a bullish crossover in the MACD (the MACD line crossing above the signal line) to confirm upward momentum. Break of Structure (BoS): Look for a BoS above the $1.1958 resistance level to confirm a bullish trend. This would indicate that the price has broken above a key resistance level and is likely to continue upwards. Entry Point: Enter a buy position when the price is around the $1.15 support level with the above confirmations in place. Stop Loss: Place a stop loss slightly below the $1.15 support level to minimize potential losses in case the support does not hold. Take Profit: Set a take profit target around the $1.25 resistance level (Order Block), as this is a significant resistance area where the price might face selling pressure. By following this strategy and waiting for the confirmations, you can increase the probability of a successful trade. If you need further assistance or have any other requests, just let me know! 😊
Long
by Alexgoldhunter
How do i expect to see $ADA in 2026.Here is the perspective i see based on Fibo time zones, Bitcoin cycle, price channel and cryptocurrencies mass adoption in coming months. Regarding bitcoin dominance market currently follows Bitcoin direction no matter what. (there will be few exceptions). Bitcoin Market currently follows Supply and Demand like other assets. Bitcoin supply cuts into half every 4 years. Bitcoin demand grows as mass adoption of cryptocurrencies grow. above lines will make Bitcoin price increase every cycle. Solid and reasonable projects with real use cases will grow stronger every cycle. CRYPTOCAP:ADA survived its second bear market successfully to show its community and investors strength. CRYPTOCAP:ADA chart shows that last time price made its bullish wave by Fib.8 level of the correction wave. this will put 22$ target price on the table. But i will give you another parabolic target based on time cycles. 60$ may look too much for a large cap like cardano but Q2 2026 i expect to see cycle top around the price. As always, these are my wild thoughts and ideas and may be wrong. Always DYOR.
Long
by bitcharger
19
CARDANO: Re-EntryTo those who did not catch the first entry I have shared with you, I show you new possible entry. It is between two green lines, with possible SL approximately 5-7% (depends on level of buying). This level also stands as a 50% FIB line from bottom to the top. Which signals great potential of stepping into the crypto market. For those, who like this idea, set your SL! Bellow purple box, and TP? As high, as you want.. Naah.. smart move is gonna be setting your TP at level around 1.01 (safe spot) and after reaching that level, move your SL to break-even. Then sell ADA at new ATH next year. BINANCE:ADAUSDT BINANCE:ADAUSD COINBASE:ADAUSD
Long
by PaulShepherd
right now just dcaing the dip from yesterdayright now just dcaing the dip from yesterday to average out price. I hope for a downwards wedge but could easily break out for the new year high again. But honestly if you're spot trader just hold until new all time highs hit bigger this time, hoping for January or Feb. and remember to take profits otherwise you will be diamond handing all the way down like 2021-2022 years. We must learn from mistakes. For the newbies here, once you made a 2x or 3x just withdraw your initial investment so you can almost become emotionally detached. Do not wanna see anyone complaining about losses in this space.
Long
by arshahm2004
CardanoBuying Cardano (ADA) can be a good investment or a way to participate in the blockchain ecosystem depending on your goals and interests. Here are a few reasons why people choose to buy Cardano: 1. Strong Foundation and Scientific Approach Cardano was developed using scientific research and peer-reviewed academic work. The project uses mathematical proofs to ensure security and sustainability, making it one of the most innovative blockchain projects. 2. Energy Efficiency Cardano uses a Proof-of-Stake (PoS) mechanism called Ouroboros. This makes it more energy efficient than Proof-of-Work (PoW) systems like Bitcoin, which is an important factor in today’s sustainability-oriented world. 3. Smart Contracts and Decentralized Applications (dApps) With the launch of the Alonzo update, Cardano now supports smart contracts. This opens the door for building decentralized applications (dApps), decentralized finance (DeFi), and NFT platforms. 4. Strong ecosystem and partnerships Cardano is actively developing its ecosystem with a number of partnerships, including with governments, NGOs and private companies. An example is the project with Ethiopia to improve the education system through blockchain. 5. Long-term potential Cardano has an ambitious development roadmap with phases such as Byron, Shelley, Goguen, Basho and Voltaire. This shows a commitment to long-term growth and innovation. 6. Strong and active community Cardano has one of the largest and most active crypto communities, which contributes to the support, development and adoption of the network. 7. Passive income opportunities By holding ADA, you can participate in staking, where you receive rewards for helping to secure the network. This provides an additional income opportunity. Things to consider: Risks: As with all cryptocurrencies, the price of ADA is volatile, which means that there can be significant gains, but also losses. Research: It is important to do your own research (DYOR) and understand how the project fits your investment goals. If you believe in Cardano’s vision of a decentralized world with sustainable technology, this may be the right investment for you.
Long
by ForexCompany
1
Cardano: Additional Growth Is PossibleLast month ADAUSDT (Cardano) broke a consolidation range that was active for 915 days, since May 2022. This breakout month, November 2024, produced the highest bullish volume ever. Based on a bull-marketwide perspective, ADAUSDT is coming out of a bottom. This is only the beginning, there is plenty of room available for growth. This chart is not intended to show new All-Time High potential nor how far up Cardano will go in 2025, but rather, the intention is to show short-term action based on a long-term chart. The main support sits at 0.8875, this is the resistance level that was conquered with last month's bullish breakout. With this breakout, ADAUSDT hit its highest level since May 2022. As long as ADAUSDT trades above 0.8875 we are super-bullish and can see additional growth, immediately. If it moves below this level, the chart continues super strong above 0.6330. As soon as ADAUSDT moves above 1.30, we can expect $2 to come next. It all depends on December, now... Where will it go? How will it move? The chart is saying up and points towards additional growth. The month is young, the month is long. Allow some time for this pair to recharge only to see it grow. No doubt we are bullish, expect to see higher prices next. Cardano is going up. Thank you for reading. Namaste.
Long
by AlanSantana
1
Cardano (ADA) - Bullish Breakout or Further Consolidation?Cardano (ADA) is following the trend, showing signs of a potential breakout. Key support at $0.94 and resistance at $1.3 are pivotal areas to watch. A possible uptrend can happen if volume confirms and resistance is broken. However, a rejection at resistance could lead to further consolidation or a pullback. Keep an eye on these levels for possible trade opportunities! A targect of $2.7 looks possible if the resistance is broken with a good volume.
Education
by WADE_TRADES