Cardano Price Analysis for March: Neither bulls nor bears are dominating today, according to the CoinMarketCap ranking.
Cardano Price Analysis for March
ADA/USD
Cardano Price Analysis for March: The price of Cardano (ADA) is almost unchanged since yesterday. On the hourly chart, the price of Cardano (ADA) is trading near the local resistance at $0.32. If buyers can hold the rate near that mark until the end of the day, the rise may continue to the $0.3220 zone tomorrow.
On the daily time frame, the rate of Cardano (ADA) has made a false breakout of yesterday’s low at $0.3133. However, a one-day reversal is not enough for midterm growth. In this case, sideways trading in the range of $0.32-$0.3250 is the more likely scenario until the end of the week.
On the bigger chart, traders should focus on the support level at $0.3187. If the candle closes above it, there is a possibility of seeing a bounce off to the zone around $0.33 by the end of the month. ADA is trading at $0.3199 at press time.
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Cardano Foundation Core Focus Areas
We are driving the adoption of the Cardano blockchain. This entails acting across three core areas: operational resilience, education, and adoption.
Cardano Price Analysis for March: At a broad level, we focus on driving the adoption of the Cardano blockchain, working to make it a base layer for current, as well as future financial and social systems. This entails acting across three core areas:
- Operational resilience
- Education
- Adoption
As we outlined in the recent core focus areas video, each area comprises multiple aspects and interacts with the others to form a comprehensive approach.
Cardano Foundation Expands Executive Team with New COO and CLO
Cardano Price Analysis for March: The Cardano Foundation has announced today the appointment of Andreas Pletscher as its Chief Operating Officer (COO) and Nicolas Jacquemart as its Chief Legal Officer (CLO). Andreas Pletscher brings a wealth of experience to the role of COO.
With more than 25 years of experience in the local and international financial services industry, Andreas has managed complex operational and IT transformation projects. He has worked as a technological director at PWC and IBM, and Andreas’ most recent project involved leading a large transformation for a crypto services provider in Switzerland.
Taking a nuanced approach to digital asset regulation
Cardano Price Analysis for March: The Foundation shared views on the Financial Stability Board’s public consultation on its proposed recommendations for stablecoins and crypto-asset activities. The Cardano Foundation looks forward to continued engagement with the FSB and other global standard-setters. We hope to contribute to an open, sound, and innovation-friendly global regulatory framework for blockchain technology.
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