BTC/USD   $ 26712.9

|

ETH/USD   $ 1796.60

|

LTC/USD   $ 92.39

|

DASH/USD   $ 44.41

|

DOGE/USD   $ 0.07324

|

FIL/USD   $ 4.45

|

ADA/USD   $ 0.3676

|

USDT/USD   $ 1.00

|

SHIB/USD   $ 0.00000866

|

HOLO/USD   $ 0.003566

|

BTT/USD   $ 0.00000060

|

WINK/USD   $ 0.0001995

|

YFI/USD   $ 6739.04

|

PAXG/USD   $ 1995.93

|

MKR/USD   $ 630.44

|

BCH/USD   $ 117.30

|

WBTC/USD   $ 26739.6

|

COMP/USD   $ 35.00

|

AAVE/USD   $ 62.48

|

ZEC/USD   $ 33.10

|

ICP/USD   $ 5.19

|

TRB/USD   $ 11.87

|

ETC/USD   $ 18.36

|

NMR/USD   $ 13.50

|

BAL/USD   $ 5.42

|

LINK/USD   $ 6.62

|

REP/USD   $ 6.88

|

UNI/USD   $ 5.15

|

ATOM/USD   $ 10.78

|

UMA/USD   $ 2.12

|

SNX/USD   $ 2.18

|

SUSHI/USD   $ 0.8944

|

BAND/USD   $ 1.47

|

EOS/USD   $ 0.8928

|

OMG/USD   $ 0.8033

|

RLC/USD   $ 1.56

|

MIR/USD   $ 0.05600

|

BNT/USD   $ 0.4149

|

XTZ/USD   $ 0.8899

|

CGLD/USD   $ 1.74

|

1INCH/USD   $ 0.4109

|

CRV/USD   $ 0.8177

|

KNC/USD   $ 0.6039

|

ENJ/USD   $ 0.3523

|

MATIC/USD   $ 0.8601

|

STORJ/USD   $ 0.3080

|

ZRX/USD   $ 0.2240

|

ALGO/USD   $ 0.1679

|

GRT/USD   $ 0.1221

|

OGN/USD   $ 0.09479

|

CTSI/USD   $ 0.1985

|

MANA/USD   $ 0.5062

|

BAT/USD   $ 0.2212

|

DAI/USD   $ 1.00

|

USDC/USD   $ 0.9998

|

REN/USD   $ 0.07770

|

XLM/USD   $ 0.08778

|

NKN/USD   $ 0.09859

|

OXT/USD   $ 0.06790

|

LRC/USD   $ 0.2967

|

SKL/USD   $ 0.03220

|

CVC/USD   $ 0.08861

|

SAND/USD   $ 0.5290

|

NU/USD   $ 0.1500

|

GNT/USD   $ 0.00000001

|

DNT/USD   $ 0.02720

|

ANKR/USD   $ 0.02588

|

LOOM/USD   $ 0.05156

|

AMP/USD   $ 0.002960

|

MANY/USD   $ 0.3509

|

WTK/USD   $ 0.02170

|

POSI/USD   $ 0.02355

|

WINR/USD   $ 0.00003100

|

DEFT/USD   $ 0.00002080

|

ISA/USD   $ 0.0001070

|

RULER/USD   $ 0.006669

|

SPORE/USD   $ 0.9137

|

DEFLCT/USD   $ 0.7343

|

HVE/USD   $ 0.0004395

|

JCB/USD   $ 0.00004900

|

FWC/USD   $ 0.00000000008000

|

FDC/USD   $ 0.00000021

|

YETI/USD   $ 0.003856

|

SMR/USD   $ 0.06492

|

BTC/USD   $ 26712.9

ETH/USD   $ 1796.60

LTC/USD   $ 92.39

DASH/USD   $ 44.41

DOGE/USD   $ 0.07324

FIL/USD   $ 4.45

ADA/USD   $ 0.3676

USDT/USD   $ 1.00

SHIB/USD   $ 0.00000866

HOLO/USD   $ 0.003566

BTT/USD   $ 0.00000060

WINK/USD   $ 0.0001995

YFI/USD   $ 6739.04

PAXG/USD   $ 1995.93

MKR/USD   $ 630.44

BCH/USD   $ 117.30

WBTC/USD   $ 26739.6

COMP/USD   $ 35.00

AAVE/USD   $ 62.48

ZEC/USD   $ 33.10

ICP/USD   $ 5.19

TRB/USD   $ 11.87

ETC/USD   $ 18.36

NMR/USD   $ 13.50

BAL/USD   $ 5.42

LINK/USD   $ 6.62

REP/USD   $ 6.88

UNI/USD   $ 5.15

ATOM/USD   $ 10.78

UMA/USD   $ 2.12

SNX/USD   $ 2.18

SUSHI/USD   $ 0.8944

BAND/USD   $ 1.47

EOS/USD   $ 0.8928

OMG/USD   $ 0.8033

RLC/USD   $ 1.56

MIR/USD   $ 0.05600

BNT/USD   $ 0.4149

XTZ/USD   $ 0.8899

CGLD/USD   $ 1.74

1INCH/USD   $ 0.4109

CRV/USD   $ 0.8177

KNC/USD   $ 0.6039

ENJ/USD   $ 0.3523

MATIC/USD   $ 0.8601

STORJ/USD   $ 0.3080

ZRX/USD   $ 0.2240

ALGO/USD   $ 0.1679

GRT/USD   $ 0.1221

OGN/USD   $ 0.09479

CTSI/USD   $ 0.1985

MANA/USD   $ 0.5062

BAT/USD   $ 0.2212

DAI/USD   $ 1.00

USDC/USD   $ 0.9998

REN/USD   $ 0.07770

XLM/USD   $ 0.08778

NKN/USD   $ 0.09859

OXT/USD   $ 0.06790

LRC/USD   $ 0.2967

SKL/USD   $ 0.03220

CVC/USD   $ 0.08861

SAND/USD   $ 0.5290

NU/USD   $ 0.1500

GNT/USD   $ 0.00000001

DNT/USD   $ 0.02720

ANKR/USD   $ 0.02588

LOOM/USD   $ 0.05156

AMP/USD   $ 0.002960

MANY/USD   $ 0.3509

WTK/USD   $ 0.02170

POSI/USD   $ 0.02355

WINR/USD   $ 0.00003100

DEFT/USD   $ 0.00002080

ISA/USD   $ 0.0001070

RULER/USD   $ 0.006669

SPORE/USD   $ 0.9137

DEFLCT/USD   $ 0.7343

HVE/USD   $ 0.0004395

JCB/USD   $ 0.00004900

FWC/USD   $ 0.00000000008000

FDC/USD   $ 0.00000021

YETI/USD   $ 0.003856

SMR/USD   $ 0.06492

Is Cardano (ADA)'s Addition to the Bloomberg Terminal a Bullish Signal?

  • News
  • Is Cardano (ADA)'s Addition to the Bloomberg Terminal a Bullish Signal?

Annie Li   16 Mar, 2021   https://blockchain.news/analysis/is-cardano-ada-addition-bloomberg-terminal-bullish-signal   Views: 375

On March 15, Cardano was added to the Bloomberg Terminal list of support assets.

The Bloomberg Terminal, which provides financial service users and professionals in other industries with a platform for real-time monitoring and analysis of real-time financial market data, is a computer software system provided by the financial data provider Bloomberg LP. The price for a membership for Terminal ranges from $20,000 to $40,000 per month.

But it seems that the addition is only the definition of the token, not the price data. This move has undoubtedly helped expand ADA's visibility and expose it to thousands of institutional investors. What’s next for Cardano?

With Bitcoin(BTC) hitting a new all-time high(ATH) of $61,781, the cryptocurrency has encountered strong selling pressure. At present, Bitcoin has retraced by more than 11%. At the time of writing, BTC has fallen below the 55K mark and is trading at $54,626.

Although the altcoin market has traditionally been highly correlated with Bitcoin, the bullish and bearish behaviours of altcoins are not consistent. Looking back on the past 24 hours, the dominant Bitcoin suffered more losses than altcoins, with a decline of up to 9%.

However, in tandem with the mainstream cryptocurrency's price plunge, Cardano(ADA) also fell by 3.11% within 24 hours.

Cardano(ADA) Price Analysis

Source: ADA/USD Daily via TradingView

At the time of writing, ADA was trading at $1.091 with a market capitalization of around $32,805,613,822.

It can be seen from the daily candlestick chart that the price of Cardano has been fluctuating within a narrow range of $1 to $1.23 in the past week. There is not enough bullish momentum in the market to make the price stand above the 9-day Moving Average line.

Low trading volume may lead to increased horizontal volatility for ADA, which may gradually test the support level downward.

If ADA shows strong bullish momentum in the short term and breaks through the 23.6% Fibonacci Retracement level of $1.2387, then the price of ADA will be able to reverse and hit its all-time high of $1.485 in the next week. However, the price of ADA is likely to fall to the first support level-a 50% Fibonacci retracement level of $0.96. If it falls below this support level, then the next support level is a 61.8% Fibonacci Retracement level of $0.8366.

The MACD indicator illustrates bearish sentiment in the ADA market. The blue MACD line has crossed from the top to the yellow Signal line, formed a bearish crossover, and there is currently no reversal. The signal line is still hovering above the MACD line. Both lines are currently on the zero axes.



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