logo

Cardano (ADA) Price Prediction for May 9

By: cryptonews|2025/05/10 03:15:06
0
Share
copy
The market keeps rising today, according to CoinMarketCap. ADA/USD Cardano (ADA) is one of the biggest gainers today, rocketing by 8.24%. On the hourly chart, the rate of ADA is falling after a false breakout of the resistance of $0.7969. If the daily bar closes far from that level, the correction is likely to continue to the $0.76 mark. On the bigger time frame, the price of ADA has bounced off the resistance of $0.8176. If the candle closes around current prices, there is a chance to see a correction to the $0.75 zone soon. From the midterm point of view, one should focus on the weekly bar closure in terms of the $0.7786 level. If it happens around it or above, growth may lead to a test of the $0.85 area. ADA is trading at $0.7810 at press time.

You may also like

The 17-Year Mystery Will Be Solved, Who is Satoshi Nakamoto?

The New York Times Traces the Mystery of Satoshi Nakamoto, with Clues Pointing to Adam Back

5 Minutes to Make AI Your Second Brain

It's time to outsource memory to AI

Uniswap is trapped in an innovation dilemma

The various iterations of Uniswap are one of the sources of vitality in the DeFi market, but since 2023, Uniswap has not proposed any substantial innovations, instead adhering to traditional business explorations in application chains, Launchpads, etc., leading to a slump in token prices and market ...

What is the key to competition in crypto banking?

Digital banks, crypto cards, wallets, super apps, and DeFi protocols are all converging towards the same goal: to become the primary gateway for your savings, spending, earning, and transferring in the new era.

The flow of stablecoins and the spillover effects in the foreign exchange market

Research has found that an exogenous increase in net inflows of stablecoins significantly widens the price deviation between stablecoins and traditional foreign exchange, leads to depreciation of the local currency, and worsens the financing conditions for synthetic dollars (i.e., increases the doll...

After two years, Hong Kong's first batch of stablecoin licenses finally issued: HSBC, Standard Chartered make the cut

The regulated entity is set to launch a stablecoin in the first half of this year.

Popular coins

Latest Crypto News

10:42

Data: The current whale holdings on the Hyperliquid platform are 3.799 billion USD, with a long-short position ratio of 1.04

According to Coinglass data, the current whale holdings on the Hyperliquid platform amount to $3.799 billion, with long positions of $1.939 billion, accounting for 51.05% of the holdings, and short positions of $1.86 billion, accounting for 48.95%. The profit and loss for long positions is -$11.2754...
10:42

The negotiations between the US and Iran have ended without an agreement

According to Iranian sources, the negotiations between Iran and the U.S. ended a few minutes ago on the morning of the 12th local time. The U.S.'s excessively high demands hindered the achievement of a common framework and agreement, and no agreement was reached.U.S. Vice President Vance stated at a...
10:42

Data: In the past 24 hours, the total liquidation across the network was 305 million USD, with long positions liquidated at 166 million USD and short positions liquidated at 139 million USD

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $305 million, with long positions liquidated at $166 million and short positions liquidated at $139 million. Among them, Bitcoin long positions were liquidated at $53.1369 million, Bitcoin short positions...
09:42

SpaceX holds approximately $603 million in Bitcoin, while recording a loss of nearly $5 billion during the same period due to the integration of xAI

According to CoinDesk, based on data from Arkham Intelligence and The Information, SpaceX currently holds 8,285 bitcoins in its Coinbase Prime custody account, valued at approximately $603 million, while the company is projected to incur nearly $5 billion in losses for the full year of 2025.Financia...
09:42

Data: In the past 24 hours, the total liquidation across the network was 194 million USD, with long positions liquidated at 58.192 million USD and short positions liquidated at 136 million USD

According to Coinglass data, in the past 24 hours, the total liquidation across the network was $194 million, with long positions liquidated at $58.192 million and short positions liquidated at $136 million. Among them, Bitcoin long positions were liquidated at $5.5284 million, Bitcoin short positio...
Read more
Community
iconiconiconiconiconiconicon

Customer Support Bot：@WEEX_support_smart_Bot

VIP Services：support@weex.com