is a third-generation blockchain project launched in September 2017 by Ethereum co-founder Charles Hoskinson. It was designed to solve scalability and sustainability issues of networks like Bitcoin and Ethereum. Cardano's current market capitalization

trading below its 200-day moving average for a long time. It is down nearly 54.4% from its 2024 ATH of $0.774, with its current price of $0.3555. After meeting rejection at $0.359, it fell nearly 16% and found support at $0.34, but rallied around 10%, forming three green candles over the past three days. The next crucial support and resistance levels are $0.33 and $0.4, respectively. Volume has declined nearly 13% in the last 24 hours, but with an RSI of nearly 50, we are yet to be in the oversold area.

L’attenzione del mercato crypto in questo periodo è rivolta anche a Cardano (ADA), che sta attraversando una fase di difficoltà nel riprendere slancio nonostante sia stato il preferito dagli investitori per gran parte dell’anno.

The crypto market's attention in this period is also focused on Cardano (ADA), which is having difficulty regaining momentum despite having been an investor favorite for much of the year.

L’obiettivo di Cardano è quello di risolvere i problemi di scalabilità e sostenibilità che affliggono reti come Bitcoin e Ethereum, fornendo allo stesso tempo un protocollo decentralizzato e sicuro per lo sviluppo di applicazioni.

Cardano's goal is to solve the scalability and sustainability issues that plague networks like Bitcoin and Ethereum, while providing a decentralized and secure protocol for application development.

Tuttavia, le prestazioni di ADA sono state altalenanti negli ultimi tempi, lasciando gli analisti e gli investitori incerti sulla sua prossima mossa. Di conseguenza, molti stanno cercando altcoin sul mercato che possano offrire rendimenti più elevati.

However, ADA's performance has been mixed as of late, leaving analysts and investors uncertain about its next move. As a result, many are looking for altcoins in the market that can offer higher returns.

Nonostante le difficoltà, gli analisti rimangono fiduciosi sul futuro di ADA, soprattutto con il mercato che dovrebbe entrare in una fase rialzista nelle ultime settimane dell’anno. Ciò potrebbe portare a una performance più stabile per Cardano entro la fine del quarto trimestre.

Despite the challenges, analysts remain confident about ADA's future, especially with the market expected to enter a bullish phase in the final weeks of the year. This could lead to a more stable performance for Cardano by the end of the fourth quarter.