{"id":501979,"date":"2022-09-12T13:10:39","date_gmt":"2022-09-12T13:10:39","guid":{"rendered":"https:\/\/uniquehot.com\/?p=501979"},"modified":"2022-09-12T13:13:49","modified_gmt":"2022-09-12T13:13:49","slug":"cardano-on-white-house-crosshair","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/cardano-on-white-house-crosshair\/","title":{"rendered":"Cardano On White House Crosshair Can Push ADA Up This Route"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The recent <\/span><a href=\"https:\/\/www.whitehouse.gov\/wp-content\/uploads\/2022\/09\/09-2022-Crypto-Assets-and-Climate-Report.pdf\" rel=\"nofollow\"><span style=\"font-weight: 400\">White House<\/span><\/a><span style=\"font-weight: 400\"> announcement has placed the spotlight on Cardano as the leading Proof-of-Stake blockchain that\u2019s currently on the market. This recent news follows the announcement of the <\/span><span style=\"font-weight: 400\">Vasil upgrade<\/span><span style=\"font-weight: 400\"> which aims to improve usability and scalability.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">A simple Twitter search of ADA will result with tweets of happy and confident traders and investors.\u00a0<\/span><\/p>\n<blockquote><p><strong>\u201cHere is the White House energy report showcasing<a href=\"https:\/\/twitter.com\/hashtag\/Cardano?src=hashtag_click\" rel=\"nofollow\"> #Cardano<\/a> as the largest proof of stake blockchain in the world. Probably something,\u201d said Dan Gombardello in a recent tweet.\u00a0<\/strong><\/p><\/blockquote>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-501985 aligncenter\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/09\/c1-2.png?resize=545%2C347\" alt=\"\" width=\"545\" height=\"347\"><\/p>\n<pre style=\"text-align: center\">Chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" rel=\"nofollow\">TradingView.com<\/a><\/pre>\n<p><span style=\"font-weight: 400\">At the day of the announcement, ADA\u2019s price went up 7.43 percent with a high of $0.5243 before stabilizing at the range $0.5215 to $0.4992.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Using the regression trend tool, we can clearly see an uptrend forming even several days before the White House announcement. This uptrend formed clearly after the recent crash in the early half of August.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-501987 aligncenter\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/09\/c2-1.png?resize=614%2C391\" alt=\"\" width=\"614\" height=\"391\"><\/p>\n<pre style=\"text-align: center\">Chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" rel=\"nofollow\">TradingView.com<\/a><\/pre>\n<h2>Cardano Gets Some Lift From White House Announcement<\/h2>\n<p><span style=\"font-weight: 400\">During this crash, the coin experienced a 25.18 percent drop in price. It continued stabilizing at the $0.4354 support line. Trade volumes have also risen since the announcement at 3.63 million.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">This solid but slow uptrend coupled by the announcement further solidified confidence in the coin.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Trade indicators also point to buy signals as the price further stabilizes at the 50% percent Fib level which sits at the $0.4992 range. The bulls have also tested the 38.20 Fib level which sat at $0.5219 range.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">If the uptrend continues, investing in ADA will be very beneficial to traders and investors. As of this writing, the CCI 80.20 level says a lot about the investors and traders. This means that confidence in the coin might not be very high, but it is stable.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Stoch RSI also points to a rising buy signal. Just like the CCI indicator, it means investor sentiment is slowly rising.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/xrp-bulls-charge-hard-to-pull-prices-up\/\">XRP Bulls Charge Hard To Pull Prices Up Past $0.34 After A Dismal August<\/a><\/div>\n<h2>ADA Poised For A Bullish Run<\/h2>\n<p><span style=\"font-weight: 400\">With the Vasil upgrade around the corner and the White House placing Cardano as the top PoS blockchain, it might place ADA on a slow, bullish run.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">But if the price falls because of a variety of reasons, the crucial support at the 78.60 Fib level should not be broken. <\/span><\/p>\n<p><span style=\"font-weight: 400\">This line has been the support range that backed the slow uptrend in the past few weeks. If this is broken, this can reverse ADA\u2019s upward price movement.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The next few days will determine if the gathering storm of the bulls will further push the price up.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/ethereum-eth-price-tries-to-breach-1800-resistance-guns-for-2000\/\"> Ethereum (ETH) Price Tries To Breach $1,800 Resistance, Guns For $2,000<\/a><\/div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/On196g5Z\/\" width=\"1834\" height=\"875\"><\/p>\n<pre style=\"text-align: center\">ADA total market cap at $17.3 billion on the daily chart | Source: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" rel=\"nofollow\">TradingView.com<\/a>\r\n\r\nFeatured image from E&amp;E News, Chart from <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" rel=\"nofollow\">TradingView.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"<p>The recent White House announcement has placed the spotlight on Cardano as the leading Proof-of-Stake blockchain that\u2019s currently on the market. This recent news follows the announcement of the Vasil upgrade which aims to improve usability and scalability.\u00a0 A simple Twitter search of ADA will result with tweets of happy and confident traders and investors.\u00a0 \u201cHere is the White House energy report showcasing #Cardano as the largest proof of stake blockchain in the world. Probably something,\u201d said Dan Gombardello in a recent tweet.\u00a0 Chart: TradingView.com At the day of the announcement, ADA\u2019s price went up 7.43 percent with a high of $0.5243 before stabilizing at the range $0.5215 to $0.4992.\u00a0 Using the regression trend tool, we can clearly see an uptrend forming even several days before the White House announcement. This uptrend formed clearly after the recent crash in the early half of August. Chart: TradingView.com Cardano Gets Some Lift From White House Announcement During this crash, the coin experienced a 25.18 percent drop in price. It continued stabilizing at the $0.4354 support line. Trade volumes have also risen since the announcement at 3.63 million.\u00a0 This solid but slow uptrend coupled by the announcement further solidified confidence in the coin. Trade indicators also point to buy signals as the price further stabilizes at the 50% percent Fib level which sits at the $0.4992 range. The bulls have also tested the 38.20 Fib level which sat at $0.5219 range.\u00a0 If the uptrend continues, investing in ADA will be very beneficial to traders and investors. As of this writing, the CCI 80.20 level says a lot about the investors and traders. This means that confidence in the coin might not be very high, but it is stable. Stoch RSI also points to a rising buy signal. Just like the CCI indicator, it means investor sentiment is slowly rising.\u00a0 Related Reading: XRP Bulls Charge Hard To Pull Prices Up Past $0.34 After A Dismal August ADA Poised For A Bullish Run With the Vasil upgrade around the corner and the White House placing Cardano as the top PoS blockchain, it might place ADA on a slow, bullish run.\u00a0 But if the price falls because of a variety of reasons, the crucial support at the 78.60 Fib level should not be broken. This line has been the support range that backed the slow uptrend in the past few weeks. If this is broken, this can reverse ADA\u2019s upward price movement.\u00a0 The next few days will determine if the gathering storm of the bulls will further push the price up.\u00a0 Related Reading: Ethereum (ETH) Price Tries To Breach $1,800 Resistance, Guns For $2,000 ADA total market cap at $17.3 billion on the daily chart | Source: TradingView.com Featured image from E&amp;E News, Chart from TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":501983,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[14643,1144,12672,12332,86837,86836,86309],"class_list":["post-501979","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-adausd","tag-btcusd","tag-bull-market","tag-cardano","tag-cryptonews","tag-tags-ada","tag-vasil-upgrade"],"acf":[],"yoast_head":"\n<title>Cardano On White House Crosshair Can Push ADA Up This Route<\/title>\n<meta name=\"description\" content=\"The recent White House announcement has placed the spotlight on Cardano as the leading Proof-of-Stake blockchain that\u2019s currently on the market. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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