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The Cardano price prediction reveals that ADA is moving bullishly with a gain of 1.67%, as the coin prepares for a bullish cross.
Cardano Prediction Statistics Data:
- Cardano price now – $1.09
- Cardano market cap – $38.06 billion
- Cardano circulating supply – 35.07 billion
- Cardano total supply – 44.99 billion
- Cardano Coinmarketcap ranking – #9
Cardano (ADA) exemplifies the potential rewards of early adoption in cryptocurrency, with a staggering +6189.32% increase since its all-time low of $0.01735 in October 2017. While it currently trades between $1.04 and $1.15, far below its all-time high of $3.10 in September 2021, ADA remains a strong player in the market. This remarkable journey underscores the importance of identifying and investing in promising projects early to capitalize on their long-term growth potential.
ADA/USD Market
Key Levels:
Resistance levels: $1.50, $1.60, $1.70
Support levels: $0.75, $0.65, $0.55
ADA/USD is seen trading in the green at the time of writing as the coin gets ready to cross above the upper boundary of the channel. According to the daily chart, the candle formation is currently following the upward movement but sliding below the 9-day MA might position the market price toward the south, and the closest support level is located around the $1.05 level.
Cardano Price Prediction: ADA/USD May Spike to the Upside
The Cardano price is currently trading above the 9-day and 21-day moving averages. From a risk perspective, the $1.15 resistance zone presents a key decision point. If Cardano fails to breach this level, it risks retracing toward $0.80. However, even a drop to this level would preserve the medium-term uptrend. The growing momentum and volume suggest that while a minor pullback may occur, it is more likely to be temporary before a sustained push higher. A breakout above $1.15 could propel ADA toward the next resistance level at $1.35, marking a significant bullish milestone.
However, an increase above the upper boundary of the channel could trigger intense buying to the resistance levels of $1.50, $1.60, and $1.70 respectively. On the contrary, the Cardano price may likely hold a support level at $1.00 which could be the daily low. Therefore, if the Cardano price drops below this support level, it may likely hit the closest support at $0.80. Meanwhile, the critical supports could be located around $0.75, $0.65, and $0.55 if the selling volume increases.
ADA/BTC May Continue the Bullish Movement
Cardano (ADA) is showing resilience against Bitcoin (BTC), even as Bitcoin dominance edges higher. While ADA faces a critical resistance level at 1188 SAT against USD, its BTC pair reflects a similarly challenging scenario near significant resistance zones. Recent trading activity highlights that ADA’s momentum remains intact, supported by a short-term uptrend in relative strength against BTC. Consolidation patterns in the ADA/BTC chart suggest a potential breakout, but Bitcoin’s dominance and price fluctuations will play a crucial role in determining the pair’s next moves as any bearish move to the south may locate the support at 850 SAT and below.
On the technical front, if ADA/BTC manages to sustain its current trajectory, the pair could target higher resistance levels, continuing its upward momentum. However, Bitcoin’s slight retracement and increased dominance could exert short-term pressure on ADA, pushing it into a pullback phase. Should BTC regain strength, ADA risks a relative decline, but as with its USD pairing, ADA’s broader bullish fundamentals suggest resilience and any bullish cross above the channel could hit the resistance level of 1400 SAT and above.
@replikchi shared an insightful analysis with his followers on X (formerly Twitter), highlighting that $ADA appears primed for a massive breakout! 🚀👀📸 Are you ready to join the ride and seize this opportunity?
$ADA looks primed to explode 👀📷 Are you ready for the ride? #ADA #Cardano #Crypto #Altcoins #Breakout pic.twitter.com/5I55IaNNC6
— ChArtist (@replikchi) November 29, 2024
Cardano Alternatives
The Cardano price remains at a pivotal point, with a bullish bias in the medium term. While a pullback to consolidate gains remains plausible, the prevailing indicators favor a breakout above $1.15, targeting $1.35 soon. Right now, traders are eyeing a remarkable crypto that has started making waves, and this crypto is no other than $PEPU. Pepe Unchained is garnering significant attention during its presale, already raising $60 million with 13 days remaining before its potential exchange listing. This surge highlights its robust demand, driven by investors seeking the next 100x cryptocurrency.
Pepe Unchained Has 100x Potential and Is Selling Out
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