Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Does the XRP price mirror the Rally of 2017? Analyst points to agreements

2025-05-21

Trump: 73.64% of investors expect a rally – will they be right?

2025-05-21

Hong Kong promotes the Stablecoin legislation that introduces new rules for issuers

2025-05-21
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Zimbabwe rolls out blockchain-based carbon credit market system

    2025-05-21

    Kalp Network Partners with Luffa to stimulate Web3 Privacy and RWA access

    2025-05-21

    Smarter athlete data via PSG Labs and Joint Innovation Studio

    2025-05-21

    Sahara AI launches Siwa Testnet to authorize decentralized AI builders

    2025-05-21

    WalletConnect’s Smart Sessions ‘Redefine’ Wallet UX for Future or AI agents: Founder

    2025-05-21
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Does the XRP price mirror the Rally of 2017? Analyst points to agreements

    2025-05-21

    Bitcoin breaks $ 109k ATH to enter the price discovery again

    2025-05-21

    XRP – Price coil for an outbreak – is the next leg on hands?

    2025-05-21

    Bitcoin Whale places 40x leverage of $ 830 million long position on hyperliquid

    2025-05-21

    JPMorgan Chase CEO warns the stock market witnessing ‘extraordinary amount of complacency’ in the midst of abrupt recovery

    2025-05-21
  • Learn

    What Is a DEX (Decentralized Exchange)?

    2025-05-21

    Blockchain Explained: What It Is, How It Works and Why We Need It

    2025-05-21

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Cardano Network Sees Increased Bullish Activity! Will ADA Price make a 180 Flip?
Altcoins

Cardano Network Sees Increased Bullish Activity! Will ADA Price make a 180 Flip?

2023-05-19No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

While the crypto market is currently hovering near a red zone, the Cardano network is showing bullish sentiment amid a massive sell-off. Investors are now focusing more on potential altcoins as Bitcoin and Ethereum prices fall short of rising expectations. Recently, ADA bulls have provided upward momentum to Cardano’s DeFi business, which may soon act as a catalyst to push the price of the altcoin above its monthly resistance levels.

ADA’s TVL hits 400 million

In recent months, Cardano (ADA), the blockchain platform known for pioneering decentralized finance (DeFi) solutions, has made remarkable progress. The Cardano DeFi ecosystem is steadily approaching a major milestone, with nearly 400 million ADA, the Cardano network’s native cryptocurrency, locked in total value.

As of May 19, the current total value locked (TVL) stands at 398.55 million ADA, which equates to approximately $148.55 million, according to data sourced from DeFiLlama. Furthermore, it is noteworthy that the total number of locked ADA briefly surpassed 400 million ADA on May 14, although it was withdrawn soon after.

In addition, there are indications from other sources that Cardano has already passed the milestone of 400 million ADA in total value.

Total Value Locked (TVL) indicates the amount of cryptocurrency secured within smart contracts in the DeFi ecosystem and acts as a measure of the system’s overall activity and liquidity. Cardano’s remarkable TVL of 400 million ADA demonstrates the increasing confidence and enthusiasm surrounding the platform’s DeFi solutions.

In addition, there has been a recent inflow of money ($154) into the portfolios of major ADA holders, marking the largest increase since early May. Nevertheless, it is critical to recognize that this activity does not inherently guarantee a positive outcome.

See also  LUNC Price Drops Despite Burning 15 Million Tokens as Futures Open Interest Drops

What’s Next for ADA Token?

This past week, ADA made an attempt to surpass the crucial $0.38 resistance level, but fell short. At the time of writing, the price appears to be consolidating within the $0.368 to $0.375 range, pointing to the possibility of an impending decisive moment.

The $0.365 support level is highly significant and unlikely to be tested given the eagerness of buyers to acquire the altcoin during pullbacks. However, despite their best efforts, the bulls have so far failed to break the key resistance level of $0.38.

Analyzing the 4-hour price chart, the ADA price faced a strong rejection near the $0.38 EMA200 trendline, pushing the price below the current 38.6% Fib level. Bears have now sent the price below the EMA100 level, suggesting that bulls are losing confidence.

The ADA price is expected to test support at $0.365 soon and initiate an increase above $0.38, resulting in a smooth bullish rally to $0.394.



Source link

activity ADA Bullish Cardano flip Increased Network Price Sees
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Does the XRP price mirror the Rally of 2017? Analyst points to agreements

2025-05-21

Trump: 73.64% of investors expect a rally – will they be right?

2025-05-21

Bitcoin breaks $ 109k ATH to enter the price discovery again

2025-05-21

Top reasons why Bitcoin price today, May 21, came in new ATH

2025-05-21
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Will Ethereum Create a Clear Coast for DeFi, GameFi?

2023-06-04

MetaCannes has arrived. But do we need a Web3 film festival?

2023-05-04

Historical Priority Chart Signaling Bitcoin Rallies, According to Top Crypto Analyst

2023-07-05
Editors Picks

Geoffrey Weli-Wosu: Blockchain drives Nigeria’s digitalization

2024-10-10

Cryptopunks dominate the NFT market with $ 1.2 million in weekly sale

2025-04-20

Chainlink VRF upgrades to version 2.5 for faster scaling

2024-04-30

Memecoins Stumble as BTC Breaks $64,000: Is This the End of the Super Cycle?

2024-10-15
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Does the XRP price mirror the Rally of 2017? Analyst points to agreements

Trump: 73.64% of investors expect a rally – will they be right?

Hong Kong promotes the Stablecoin legislation that introduces new rules for issuers

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$108,951.982.21%
  • ethereumEthereum(ETH)$2,523.070.70%
  • tetherTether USDt(USDT)$1.000.09%
  • rippleXRP(XRP)$2.392.04%
  • binancecoinBNB(BNB)$672.333.55%
  • solanaSolana(SOL)$171.162.53%
  • usd-coinUSDC(USDC)$1.000.04%
  • dogecoinDogecoin(DOGE)$0.2309452.97%
  • cardanoCardano(ADA)$0.773.38%
  • tronTRON(TRX)$0.267866-0.34%
  • suiSui(SUI)$3.890.08%
  • chainlinkChainlink(LINK)$15.922.26%
  • avalanche-2Avalanche(AVAX)$22.871.80%
  • hyperliquidHyperliquid(HYPE)$27.817.44%
  • stellarStellar(XLM)$0.2910631.63%
  • shiba-inuShiba Inu(SHIB)$0.0000151.97%
  • hedera-hashgraphHedera(HBAR)$0.1975321.92%
  • unus-sed-leoUNUS SED LEO(LEO)$8.850.64%
  • bitcoin-cashBitcoin Cash(BCH)$403.582.96%
  • the-open-networkToncoin(TON)$3.080.62%
  • polkadotPolkadot(DOT)$4.731.68%
  • litecoinLitecoin(LTC)$96.743.34%
  • moneroMonero(XMR)$393.7312.74%
  • bitget-tokenBitget Token(BGB)$5.211.39%
  • piPi(PI)$0.8412.02%
  • pepePepe(PEPE)$0.0000134.03%
  • daiDai(DAI)$1.000.02%
  • ethena-usdeEthena USDe(USDE)$1.000.02%
  • bittensorBittensor(TAO)$447.298.05%
  • uniswapUniswap(UNI)$6.144.23%
  • aaveAave(AAVE)$248.73-3.65%
  • nearNEAR Protocol(NEAR)$2.831.93%
  • aptosAptos(APT)$5.222.03%
  • okbOKB(OKB)$52.120.38%
  • ondo-financeOndo(ONDO)$0.973.38%
  • kaspaKaspa(KAS)$0.1123731.90%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.415.25%
  • ethereum-classicEthereum Classic(ETC)$18.792.64%
  • internet-computerInternet Computer(ICP)$5.291.25%
  • gatechain-tokenGateToken(GT)$21.670.94%
  • crypto-com-chainCronos(CRO)$0.0968630.50%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2396953.88%
  • mantleMantle(MNT)$0.74-1.11%
  • vechainVeChain(VET)$0.0288111.92%
  • render-tokenRender(RENDER)$4.732.80%
  • ethenaEthena(ENA)$0.3964996.66%
  • usd1World Liberty Financial USD(USD1)$1.000.12%
  • arbitrumArbitrum(ARB)$0.4069304.39%
  • algorandAlgorand(ALGO)$0.2280612.56%
  • filecoinFilecoin(FIL)$2.922.92%
  • bitcoinBitcoin(BTC)$108,951.982.21%
  • ethereumEthereum(ETH)$2,523.070.70%
  • tetherTether USDt(USDT)$1.000.09%
  • rippleXRP(XRP)$2.392.04%
  • binancecoinBNB(BNB)$672.333.55%
  • solanaSolana(SOL)$171.162.53%
  • usd-coinUSDC(USDC)$1.000.04%
  • dogecoinDogecoin(DOGE)$0.2309452.97%
  • cardanoCardano(ADA)$0.773.38%
  • tronTRON(TRX)$0.267866-0.34%
  • suiSui(SUI)$3.890.08%
  • chainlinkChainlink(LINK)$15.922.26%
  • avalanche-2Avalanche(AVAX)$22.871.80%
  • hyperliquidHyperliquid(HYPE)$27.817.44%
  • stellarStellar(XLM)$0.2910631.63%
  • shiba-inuShiba Inu(SHIB)$0.0000151.97%
  • hedera-hashgraphHedera(HBAR)$0.1975321.92%
  • unus-sed-leoUNUS SED LEO(LEO)$8.850.64%
  • bitcoin-cashBitcoin Cash(BCH)$403.582.96%
  • the-open-networkToncoin(TON)$3.080.62%
  • polkadotPolkadot(DOT)$4.731.68%
  • litecoinLitecoin(LTC)$96.743.34%
  • moneroMonero(XMR)$393.7312.74%
  • bitget-tokenBitget Token(BGB)$5.211.39%
  • piPi(PI)$0.8412.02%
  • pepePepe(PEPE)$0.0000134.03%
  • daiDai(DAI)$1.000.02%
  • ethena-usdeEthena USDe(USDE)$1.000.02%
  • bittensorBittensor(TAO)$447.298.05%
  • uniswapUniswap(UNI)$6.144.23%
  • aaveAave(AAVE)$248.73-3.65%
  • nearNEAR Protocol(NEAR)$2.831.93%
  • aptosAptos(APT)$5.222.03%
  • okbOKB(OKB)$52.120.38%
  • ondo-financeOndo(ONDO)$0.973.38%
  • kaspaKaspa(KAS)$0.1123731.90%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.415.25%
  • ethereum-classicEthereum Classic(ETC)$18.792.64%
  • internet-computerInternet Computer(ICP)$5.291.25%
  • gatechain-tokenGateToken(GT)$21.670.94%
  • crypto-com-chainCronos(CRO)$0.0968630.50%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2396953.88%
  • mantleMantle(MNT)$0.74-1.11%
  • vechainVeChain(VET)$0.0288111.92%
  • render-tokenRender(RENDER)$4.732.80%
  • ethenaEthena(ENA)$0.3964996.66%
  • usd1World Liberty Financial USD(USD1)$1.000.12%
  • arbitrumArbitrum(ARB)$0.4069304.39%
  • algorandAlgorand(ALGO)$0.2280612.56%
  • filecoinFilecoin(FIL)$2.922.92%