Cardano Price rose for the second day in a row on Thursday, July 3, with most cryptocurrency recovery.
Cardano (ADA) jumped to an increase of $ 0.60, gained more than 17 % of its lowest level in June and reached its highest level since June 18. This step paid the market value of Cardano over $ 21 billion.
The march followed a major development of the distinctive liquid symbols, which conducted the first deal on the series that fixes Bitcoin State (BTC) on Kardano. In their announcement, the developers indicated that this represents the beginning of the Cardano -Pitcoin Bridge.
Charles Hoskinson and Cardano for a long time integrates Bitcoin into Cardano Blukchin, a step they believe can eventually give trillion dollars in the network flow.
In line with this goal, the Lace, a wallet product designed by the Cardano team, completed the first Bitcoin deposit and introduces a new feature to simplify the graphics estimate.
One of the potential benefits of bitcoin is to allow BTC holders to safely generate the return within the Cardano ecosystem. However, critics argue that this possibility is already on other platforms, such as SOLV and Babylon.
Despite the bullish novel, Cardano still faces great challenges. It is often classified as a “ghost chain” due to its relatively inactive ecosystem. For example, her Defi total value lock It is less than 318 million dollars, and Stablecoin supplies reached about $ 31 million for several months. These scales indicate that Cardano is outperforming new networks such as Unichain and SUI.
Technical analysis of Cardano Price
The Daily Chart explains that the price of Cardano decreased and reached the hall of $ 0.519 in June this year. This was noticeable because it coincided with the lowest point in April.
The round upper currency was formed with higher borders at $ 0.863. Recently, Ada has developed a horizontal channel. Together, this basic procedure indicates the formation of a reverse pattern for the cup and processing, with a depth of about $ 0.344.
Currently, Cardano is still less than average for 50 days and 100 moving days, indicating the continued landing control.
As such, it appears to be a declining hacking in the short term. In the event of a breakdown, the first goal will be $ 0.519, which is the lower edge of the cup style. The step below this level can open the door for more declines about $ 0.50 or less.
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2025-07-03 21:44:00
