ADA Recovers From Key Resistance, DeFi Altcoin Continues to Dominate AVAX Demand Following Sentiment Shift


Following the negative swing, the cryptocurrency market saw a pullback, with currencies such as Avalanche (AVAX) and Cardano (ADA) retracing to a crucial resistance level. Even with the pullback, interest has moved away from the two coins and toward a new contender.

The DTX Exchange is groundbreaking because it combines decentralized and centralized trading. The DTX Exchange, according to experts, will soon be a big currency on par with Avalanche and Cardano.

Avalanche (AVAX) Trading Announced by the Swiss Government
PostFinance now offers a wider range of cryptocurrencies. The following cryptocurrencies may now be traded at the bank: Ripple (XRP), Polkadot (DOT), Avalanche (AVAX), Solana (SOL), and Ripple (XRP). Incorporating digital assets into its services and meeting the increasing demand for these blockchain platforms is an ongoing objective for PostFinance.

The growing popularity and advancement of these blockchain technologies are seen in PostFinance's decision to include Avalanche (AVAX) in their crypto services.

When it comes to cryptocurrency, Switzerland was an early adopter. Digital assets have been warmly welcomed by the Swiss government and financial institutions, creating a fertile ground for blockchain innovation. The Avalanche (AVAX) community is ecstatic about this.

The price of Cardano (ADA) has been moving strongly, and it is retracing to the $0.40 level. In mid-June, ADA broke the $0.40 mark; since then, the price has fallen almost 15%; and now, it is retracing to the previous support region, which is now resistance.

Positively, Cardano's price strength is shown by its ability to remain far above the short-term major moving averages. Nonetheless, it remains below the 50-day moving average, a robust indication of price fluctuations in the near term.

May saw ADA undergo a death cross, but with sufficient bullish momentum, this might be reversed.

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