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Cardano’s ADA token has shown remarkable resilience with a three-day surge in price, coinciding with a broader market recovery. This surge follows Bitcoin’s rebound from $55,000 and its resilience against ongoing German government sell-offs, effectively easing market pressures. ADA has surged to $0.384, nearing a critical technical breakout level that may signal a significant upward […]
Arizonas crypto reserve law is shaking up the marketlearn why Qubetics, Filecoin, and Cardano are being recognized as the most potential crypto picks to watch in 2025.
The post Qubetics, Filecoin, and Cardano Named Among the Most Potential Crypto Projects in 2025 appeared first on Kanalcoin.
Cardanos ADA shows signs of impending growth since it trades within a falling wedge pattern below its current range. The trading area establishes high-reversal probabilities through steady ADA prices ranging from $0.4000 to $0.4200. This setup suggests that ADA is likely to experience a bullish trend soon. According to Rose Premium Signals, the suggested trader […]
The Modern Investor, a prominent YouTube personality, recently suggested that Cardano (ADA) reaching $10 is definitely possible during a strong altcoin season. Currently, Cardano is trading at $0.6578, down over 3% in the past 24 hours. The altcoin has also hit a weekly low, falling 7.9% over the past 7 days. To reach the projected $10 mark, ADA would need to surge approximately 1,420% from its current price.A key factor influencing the YouTubers bold outlook on ADA is a series of fundamental developments working in Cardanos favor. He notably referenced a recent statement by Cardano founder Charles Hoskinson, who subtly commented on ADAs price potential.Hoskinson mentioned that ADA could reach price targets of $3, $5, and possibly $10 as the ecosystem continues to mature.This perspective aligns with internal developments, including strategic efforts to integrate Bitcoin staking and support Ripples stablecoin, RLUSD.Strategic Developments with Ripple and the XRP LedgerCardanos leadership has confirmed active discussions with Ripple regarding the potential integration of the RLUSD stablecoin. In January 2025, Hoskinson stated via X that calls had already taken place with Ripples team. Talks began after meetings between Cardano and Ripple executives, including CTO David Schwartz, in November 2024. The goal is to bring RLUSD into Cardanos ecosystem, potentially through the Midnight privacy sidechain. Meanwhile, plans are also in motion to integrate the XRP Ledger with Cardano. These developments indicate an expanding effort to bridge ecosystems, positioning Cardano as a multi-chain platform. https://twitter.com/IOHK_Charles/status/1878601936620110139Lace Wallet Enhancements In parallel, Cardanos native wallet, Lace, reached a significant milestone with the release of version 1.22. This update introduced Bitcoin support within its beta program, marking Laces initial move toward becoming a multi-chain wallet. Users can now send, store, and manage Bitcoin directly through the Lace interface. Hoskinson acknowledged this development on X, confirming the updates alignment with Cardanos broader cross-chain strategy. Other Analysts Projecting $10 ADAVarious analysts have weighed in on ADAs future price potential elsewhere. Dan Gambardello, founder of Crypto Capital Venture, projected a price increase to $10 per token. Meanwhile, TradingView contributor CobraVanguard provided a more conservative technical analysis. He identified a bullish flag pattern on ADAs 3-day chart. Following a steep rise from $0.30 to above $1.30 between November and December 2024, ADA entered a downward-sloping flag formation. Resistance has held at $1.30, $1.10, and $0.90, while support levels remain firm around $0.63 to $0.56.However, the analyst noted that traders should wait for a breakout above the flags upper trendline. If that occurs, a move toward $1.3387 could materialize.
Cardano (ADA) is showing signs of a major shift, as nearly $1 billion ($932M) worth of its tokens has vanished from centralized exchanges. The move has caught the attention of analysts, with TapTools confirming this ongoing trend since January 2025. That large-scale outflow echoes the kind of movement last seen during its 2021 price surge […]
Cardano is retesting the $0.75 support level amid rising volatility. Will ADA rebound to $1, or break down toward $0.71?The price of ADA is struggling to maintain its uptrend, as short-term volatility threatens a breakdown below the $0.75 support zone. A drop could lead to a test of the 200-day EMA at $0.71, while the chances of reclaiming $1 after the retest are diminishing.Cardano Price Analysis Cardano is down nearly 5% this week as supply pressure increases and Bitcoin remains stagnant near $103k. The pullback in ADA has halted last weeks 18% rally and raises concerns about a potential failure of the inverse head and shoulders pattern breakout.Cardano Price ChartThe recovery peaked at $0.864 earlier this week before pulling back to retest the broken neckline around $0.75. However, increased selling pressure, driven by a broader market slowdown, supports the retest phase and raises the likelihood of a breakdown. A drop below $0.75 could lead to a retest of the 200-day Exponential Moving Average (EMA) near $0.71.Amid rising downside risks, the Relative Strength Index (RSI) has fallen to 55 from the overbought zone, hovering near the midpoint. Despite this, the higher low trend in the RSI remains intact. A minor uptick suggests a possible rebound and hints at a return of bullish momentum.Additionally, the convergence of the 50-day and 200-day EMAs is teasing a golden crossover, while the 100-day EMA remains flat. Overall, technical indicators point to a potential continuation of Cardanos uptrend.According to trend-based Fibonacci levels, the 23.60% level aligns with the $0.75 zone, indicating strong demand. A post-retest rebound from this area could face immediate resistance at the 38.20% level near $0.903. Beyond that, the 50% level at $1.010 represents a key psychological resistance, marking a 17% increase from the current price.Analyst Targets $1 as Cardano Nears Channel BreakoutCrypto analyst Ali Martinez supports the bullish rebound thesis for Cardano. In his latest tweet, he suggests that ADA could rally to $1 following a breakout from a declining channel.Notably, this channel forms a bull flag in the context of the ongoing uptrend on the three-day price chart. Based on the Fibonacci levels in the shared chart, the ADA rally could extend to the 100% level at $1.212.
Cardano (ADA) is in the middle of a volatile period as it struggles with key technical levels. Following the failure to break a major resistance trend line, ADA has retraced, once more testing a crucial support area, one that trader sentiment suggests could set its path for the near and mid term. Market analysts noted […]
Cardano (ADA) is displaying remarkable strength, sustaining above a critical level of support as the broader market of cryptocurrencies experiences a bull trending wave. With Bitcoin testing resistance at approximately $93K and supporting a broader recovery, ADA ranks among the altcoins benefiting from significant upward momentum from the same uptick. At the time of writing, […]
Cardano pulls back to $0.67 after a breakout, but a long-dominated derivatives market hints at a potential move toward $0.76.With a short-term pullback in the crypto market after an intense bull run, altcoins are slowing down. Cardano, one of the top-performing altcoins in the recent market rally, records an intraday pullback of more than 2%. However, ADA's price analysis hints at a potential post-retest bounce-back from the $0.67 mark. Will this propel Cardano to the $1 mark? Cardano Price Analysis In the recent market turnaround, Cardano surged from $0.62 to $0.69 in three days. This accounts for a price rally of 13.5%. With this massive surge, Cardano marks a bullish breakout of an Adam and Eve pattern in the 4-hour price chart. Cardano Price ChartAccording to Fibonacci retracement levels on the 4-hour chart, the pattern's neckline aligned with the 61.80% retracement level near $0.67.The breakout rally faced resistance near the 78.60% Fibonacci level at $0.7156, leading to an intraday pullback to retest the 61.80% level.However, the recent surge in bullish sentiments has led to a positive crossover in the 50 and 100 EMA lines. Meanwhile, the MACD and signal lines warn of a negative crossover due to a sudden pause in bullish momentum. If a post-retest recovery occurs, the price will likely target the $0.76 resistance, followed by the 1.27 Fibonacci extension level at $0.83. On the downside, key support lies at the 200 EMA line at $0.65, followed by the $0.61 support zone.Derivatives Market Signals Strong Upside for ADADespite this short-term pullback, Cardano's broader market anticipation remains highly bullish. In the derivatives market, the long positions account for nearly 84.42% over the past four hours. This records an impressive long-to-short ratio of 5.41, signaling strong bullish sentiments for Cardano.Cardano Long/Short Ratio ChartCardano Long/Short Ratio ChartFurthermore, Cardano's open interest has surged by nearly 4%, along with the increased long positions, reaching $774 million. Moreover, the funding rate remains highly positive at 0.01404%. Overall, the derivatives data highlights crypto traders' strong bullish outlook for Cardano. Liquidation MapLiquidation MapAmid growing optimism, Binances ADA-USDT liquidation map shows the potential for significant short liquidations if the uptrend continues. According to the data, a price rise to $0.721 could trigger $7.77 million in short liquidations, including 50x leveraged positions worth $812,800.
A prominent Cardano ecosystem participant has elated the community with a prediction that ADA could reach $20 if a recent partnership runs its full course.Altcoin Oracle, a delegated representative (DRep) in Cardanos newly integrated decentralized governance system, recently shared a bold but bullish prediction. In an April 17 tweet, he suggested that Cardano could rally to $20 owing to a recent partnership between the Cardano and Bitcoin ecosystems.Cardano to Become Bitcoin DeFi CatalystThe DRep employed the AI bot ChatGPT to dissect Cardanos price targets if the layer 1 network becomes a primary Bitcoin decentralized finance (DeFi) enabler. For the uninitiated, Cardano founder Charles Hoskinson has dwelled extensively on this project, which was born out of a collaboration with BitcoinOS, and its implications for the blockchain.Last year, Cardanos development arm, EMURGO, partnered with BitcoinOS to introduce DeFi features on the network that houses the pioneering blockchain network. The project, which Hoskinson has emphasized is the ecosystems main focus this year, will unlock smart contract properties for Bitcoin developers and leverage the networks over $1.6 trillion liquidity for the Cardano ecosystem.Meanwhile, Altcoin Oracle highlighted that the massive project would not only allow Bitcoin users to access features like lending, borrowing, and yield-bearing protocols but also significantly impact ADAs price. He asked ChatGPT about the implications for Cardano by 2030 if the Cardano network becomes a primary Bitcoin DeFi enabler.Analysis Highlights Implications for CardanoChatGPT predicted that Cardanos market cap would skyrocket to between $500 million and $1 trillion, spurred by liquidity influx and institutional adoption of DeFi on the Cardano network. Recall that Hoskinson had earlier asserted that DeFi on Bitcoin would trounce that on the Ethereum and Solana blockchains.Meanwhile, with a market cap and a hypothetical supply of 50 billion ADA, the AI bot predicted a surge to between $10 and $20, representing a staggering 1,522% and 3,144% increase from the current price. However, if Cardano maintains its current supply of 35.28 billion, the asset will rally to between $14 and $28 on the same valuation.ChatGPT Cardano PredictionsFurthermore, the bot predicted that Cardano would rival Ethereum in total value locked (TVL) and decentralized applications. Recall that the meager developer traction to the Cardano ecosystem had been a significant concern, bringing about the ghost chain tag.Additionally, Ethereum has a TVL in DeFi of $46.32 billion per DeFiLlama, controlling approximately 52% of all TVL across all crypto networks. Cardano, on the other hand, has just $288 million, with newer chains like Aptos ($973 million) and Sui Network ($1.2 billion) outperforming the blue-chip network by a significant margin.As a result, the hypothetical widespread adoption that would stem from the collaboration would ensure Ethereum has a proper DeFi contender in Cardano.
Cardano’s ADA is under fresh selling pressure, Currently trading at $0.6057, down by 4.89% in the past 24 hours. Even in this correction, the 24-hour volume increased to $739.05 million, an indication of increased activity in the market with a rise of 15.34%. In the past seven days, ADA has registered relative strength with an […]
Cardano (ADA) is displaying signs of volatility, currently trading at $0.6429 with a 1.88% fall over the past 24 hours. Trading volume declined by 7.04% to $694.4 million, though ADA is up 16.30% over the past week. These changes take place amid growing speculation on the short-term direction for the asset. ADA Tests Key $0.75 […]
Cardano (ADA) is on a positive price trajectory after several weeks of volatility and downward pressure triggered by a huge sell-off in the overall market and macro factors that caused fear among market participants. As of now, the overall market has turned from bearish to bullish with the recent BTC surge. ADA is one of […]
Analyst Ali Martinez identified a bullish breakout pattern in ADA, highlighting that the performing altcoin could continue its race toward the $2 mark.Cardano price has faced a sharp pullback amid increased volatility in the crypto market, briefly falling below $0.83 before rebounding to approximately $0.88. The price drop represented a 5.8% decline over 24 hours. However, ADA maintained a 47.1% gain in the past week and remained 21% higher year-over-year, reflecting strong long-term momentum. As Bitcoin (BTC) and Ethereum (ETH) also experienced fluctuations, market participants closely monitor key indicators to determine ADAs next potential move.Cardano Price Poised for Rally to $2For instance, Ali Martinez, an expert crypto analyst on X, highlighted a possible bullish breakout for ADA, citing a right-angled descending broadening wedge pattern in a recent analysis. According to Martinez, this pattern typically signals an impending breakout rally.The overhead resistance for this formation stood at $1.14, and surpassing this level could trigger a high-momentum surge toward the $2 mark. https://twitter.com/ali_charts/status/1897927448999714990Can Cardano Price Reach $12?Meanwhile, another technical analysis from CryptoElites pointed to a cup and handle pattern, suggesting a continuation of ADAs upward trend. The price had successfully broken out of a descending trendline, marking the end of a prolonged downtrend. A successful retest of the breakout zone signaled continued bullish momentum. The analyst outlined multiple price targets, including $2.50, $3, and $6, with a broader bull market target of $12. Increased Whale Transactions Recall that Cardano's market activity showed a significant increase in large transactions. Blockchain analytics firm Santiment reported that whale transactions exceeding $100,000 reached a three-month high this week. The development coincided with ADAs temporary surge to $1.13.This increase in high-value transactions indicated renewed interest from large holders. The data further revealed that whale accumulation had been increasing over recent weeks, contributing to the assets resilience.Additionally, the average age of ADA tokens in wallets declined as more tokens returned to circulation. Historically, a decrease in token age has signaled increased trading activity, often associated with heightened market volatility. Notably, the rise in whale transactions aligned with shifting market sentiment, as on-chain data suggested increased engagement from long-term holders.
Cardano (ADA) reclaims the $1 milestone and aims for $1.77 as demand surges following its inclusion in the U.S. Crypto Reserve.With Donald Trump announcing Cardano as a part of the U.S. Crypto Reserve, ADA's price skyrocketed 72% overnight. The bull in ADA price reclaimed the $1 psychological mark. As the buying pressure grows, will the bullish rally in Cardano reach a new all-time high? Cardano Hits $1.19, Buyers Anticipate New Swing HighWith the skyrocketing move last night, Cardano undermines the declaring trend since mid-January 2025. The bullish engulfing candle has surpassed the 78.60% Fibonacci level at $0.92. Additionally, the overnight bull run in Cardano reached a 24-hour high of $1.19. Cardano Price ChartHowever, short-term exhaustion led to an intraday pullback of 11.62%. With this pullback, Cardano is currently trading at a market value of $1.0020. The bullish overnight recovery has also led to a breakout of the falling wedge pattern mentioned in a previous article.With the bullish breakout, both the MACD and signal lines have given a positive crossover. Furthermore, the daily RSI line briefly entered the overbought region. These technical indicators suggest the possibility of a continued bullish trend.The Most Trendy Altcoin Finds Whale SupportWith the massive overnight surge, Ali Martinez highlights the growing interest of crypto whales in Cardano. As per his recent tweet, whales have bought nearly 200 million ADA tokens in the past 24 hours. https://Twitter.com/ali_charts/status/1896293181651865705Additionally, LunarCrush Analytics tweeted that Cardano is making a bullish stride and is currently one of the most talked-about tokens. With the astronomical surge, Cardano is now seeing 8,085 social mentions per hour.Moreover, the social dominance of the altcoin has surged to 5.65% of all social activity in the crypto space. According to the tweet, Cardano has become the sixth most popular cryptocurrency across social media based on mentions and engagement.Cardano (ADA) Price Targets Aim $1.77Based on ADA's price action analysis, Cardano has struggled to surpass the critical resistance level at $1.22. With the intraday pullback, Cardano is nearing a potential decrease toward the 78.6% Fibonacci level at $0.9216.Given the strong underlying demand, a post-pullback reversal seems inevitable. The Fibonacci levels suggest an optimistic target of $1.7725, marking the next 52-week high for Cardano. On the flip side, the crucial support level below $0.92 remains at $0.7351.
Cardano is teasing a range breakout rally as social sentiment around ADA improves. Will this surge ADAs price to $1?With Bitcoin sustaining above the $83,000 mark, Cardano is waiting for a bullish comeback from a range-bound movement. Fluctuating in market cap, Cardano has been exchanging positions with Dogecoin for the 8th largest cryptocurrency in the market. Currently, Cardano holds a valuation of $24.99 billion. Furthermore, the short-term consolidation is nearing a potential conclusion. Will this result in an ADA price rally above the $1 mark?Cardanos Reversal Eyes Range Breakout RallyIn the 4-hour price chart, Cardano has been maintaining a sideways trend since last week. The ADA trend momentum is coiling up, trapped within a range between $0.66 and $0.77. Cardano price chartThe Fibonacci levels further emphasize the significance of the range; the 38.2% and 50% retracement levels align with the $0.66 and $0.77 levels, respectively. Additionally, the Bollinger Bands are squeezing due to the consolidation range, reflecting intense compression of the trend momentum.Currently, Cardano is facing resistance from the 20-day SMA, which acts as the midline of the Bollinger Bands. However, the short-term recovery hints at a potential bullish crossover in the MACD and signal lines.Nevertheless, the moving averages are still in a negative trend, indicating weaker bullish strength.Bullish Sentiments Spike Hits 4-month High Despite the consolidation over the 4-hour price chart, the social sentiment for Cardano has significantly improved. According to the latest tweet by Santiment, altcoins like Cardano are witnessing massive positive sentiment. According to the on-chain platform, bullish comments have surged as the U.S. Securities and Exchange Commission (SEC) classified ADAs use case as smart contracts for government services.This has driven the Cardano communitys bullish sentiment to its highest level in the past four months. Currently, for every negative comment toward Cardano, the market is seeing 3.5 positive comments. This is the highest since the week of October 30 to November 6.Cardano (ADA) Price Targets As social sentiment for Cardano improves, the likelihood of a range breakout also increases. However, this depends on whether the bullish sentiment turns into actual demand for the ADA token.Based on Fibonacci levels, a breakout rally would likely challenge the 78.6% Fibonacci level, slightly above the $1 psychological mark. On the flip side, the critical support levels are at $0.66, followed by $0.53.
Cardano at $0.72 signals a potential pullback to a crucial support level. Will buyers fail to extend the recovery beyond the 200-day EMA?With an intraday pullback of 2.09%, Cardano is trading at $0.72. Struggling to surpass the 200-day EMA, the ADA price trend hints at a pullback, forming an evening star pattern.Will this pullback lead to a retest of the crucial $0.62 support? Let's find out.Cardano Analysis Suggests Potential $0.62 RetestIn the daily chart, ADAs price trend shows an early bullish bounce back before reaching the 50% Fibonacci level at $0.6272. With a tweezer bottom formation, Cardano ended a five-day bearish streak with a 7.93% surge on Tuesday.Cardano Price ChartThis led to a 1.66% bullish continuation, marking the second consecutive green candle. However, the failure to close above the 61.80% Fibonacci level at $0.7351 signals a bearish reversal.With the intraday bearish candle, Cardano is signaling a potential evening star pattern as it retests the broken 200-day EMA. Furthermore, due to the increased volatility and bearish pressure, the 50-day and 100-day EMA lines are on the verge of crossing negatively.Meanwhile, the MACD and signal lines remain negatively aligned below the zero line, with bearish histograms resurfacing. As a result, the technical indicators suggest a bearish outlook for Cardano.Bearish Sentiments On The Rise?As Cardano struggles at a crucial crossroads, trader participation in Cardano futures contracts has seen a significant increase. The open interest for Cardano has risen by 3.69% to reach $759.97 million. Cardano DerivativesCardano DerivativesHowever, the long-to-short ratio remains slightly bearish at 0.9778. Additionally, the funding rate stands at -0.0064%.The slightly bearish long-to-short ratio and funding rate signals a gradual rise in bearish sentiment surrounding Cardano.Despite the short-term rise in bearish sentiment, Polymarket users are anticipating a major approval for Cardano. According to recent data, users believe there is a 70% chance of Cardanos ETF being approved in 2025.Polymarket PolymarketWill Cardano Cross The 200-day EMA?Based on Fibonacci levels, the short-term pullback points to the formation of an evening star pattern. This could likely retest the 50% Fibonacci level at $0.6272. However, as the broader market stabilizes, altcoins will likely bounce back.In the event of a bullish extension, the Fibonacci levels suggest a price target of $0.9216 at the 78.60% level. Meanwhile, the dynamic average lines signal an intermediate price target near the 50-day EMA at $0.81.
Will ADA price explode? Let's take a look at this Cardano price prediction article in more detail.
Dan Gambardello, the founder of Crypto Capital Venture, has provided a bullish analysis of the current price action of Cardano (ADA). The crypto analyst also dispelled the notion that ADA wont perform well in this bull cycle, noting that the crypto token is where it is meant to be before it takes off. Where Cardano Is Headed Gambardello mentioned in a video posted on his X (formerly Twitter) platform that CardanoADA could rise to $1.15 and as high as $1.50 in its next move to the upside. He made this statement while highlighting a reversal zone on the weekly chart, which was critical the last time ADA made a breakout. Related Reading: Crypto Whales Bet Big On LINK Is Chainlink The Next Bitcoin? The crypto analyst claimed that the token is again at the lower end of this reversal zone, which happened before ADA broke out the last time. Meanwhile, looking at the order book, he revealed that there is historically a lot of interest and market participants at the $1.20 price level. As such, it is another area that could act as a magnet for ADA at the upper end of the reversal zone. The crypto analyst also tried to allay the fears of those worried about ADAs current price action. He stated that the token lagging while Bitcoin is hitting new all-time highs (ATHs) is historically normal and suggested that a move was imminent for ADA based on data from past cycles. Gambardello further asserted that things are on pace, so there is no need to be worried. An Explanation For ADAs Current Price Action Gambardello also elaborated on why ADA has yet to experience any parabolic move. He alluded to the 2021 bull run when Bitcoin kept hitting new highs between December 2020 and January 2021, while Cardano lept lagging during this same period and didnt make any move until later in January 2021. Related Reading: Crypto Expert Says Dogecoin, Shiba Inu, PEPE, Others Are About To Explode He added that ADA was 80% from its ATH back then before it made its move and even kept declining while Bitcoin was on a surge. However, that changed all of a sudden as ADA went crazy to the upside. The crypto analyst went on to reaffirm his belief that ADA does lag, but when it finally moves, it really moves very strongly. Gambardello had previously predicted that ADA could rise to as high as $11 in this bull cycle. Back then, he noted that the crypto token now has more robust fundamentals compared to the last bull run. At the time of writing, ADA is trading at around $0.73, down in the last 24 hours, according to data from CoinMarketCap. ADA price at $0.739 | Source: ADAUSD on Tradingview.com Featured image from Swyftx Learn, chart from Tradingview.com
Cardano (ADA) is currently trading at $0.2752, with an increase of over 65% in its trading volume at $304.79 million. Its price change in 24 hours is +$0.006083 representing a 2.17% increase. Also, the 24-hour low of ADA is $0.2681, while its high is $0.27562. The market capitalization has risen by 2.25% to $9.51 billion. It is currently ranked among the top ten cryptocurrencies, according to CoinmarketCap, at number 9. Related Reading: What To Expect As Bitcoin Pictures Bullish Divergence On Chart? The circulating supply is 34.52 billion ADA, with its maximum token supply pegged at 45 billion ADA tokens. ADA has performed well recently since the turn of the year, prompting optimism among holders. With the prolonged crypto winter in 2022, investors are hoping for more favorable market conditions moving forward. Cardano’s recovery has rekindled interest in the project and questions on how long it can sustain the rally. What Is Behind ADA’s Price Upsurge? ADA is enjoying increased adoption since its trading volume has increased. Investors and holders of the coin are more likely to buy into the project due to its utility. Cardano is one of the largest blockchains to use the energy-efficient proof-of-stake network. This proof-of-stake helps in energy saving and environmental protection. Cardano network also supports the creation of smart contracts. These smart contracts facilitate the creation of decentralized applications (DApps) on the Cardano network. It is also gaining more attention in Web3 and for gaming applications. With faster transaction times and regular upgrades, it is ideal for technological innovation. Cardano upgrades also undergo thorough research and scrutiny before being released to the public. ADA Price Prediction ADA is trading below its 50-day and 200-day Simple Moving Average (SMA). However, the candlestick formation on the chart shows a possible bullish run in the coming days. A thick green candle on the daily chart indicates sustained bullish pressure and will likely continue in the coming days. ADA’s closest resistance level is $0.329. Other resistance levels are $0.44, 0.595, and $0.777. If the bulls sustain the pressure, it will test the nearest resistance level of $0.329 in the coming days. The support levels of $0.260, $0.262, and $0.265 held and acted as a pivot for the price upsurge. The Relative Strength Index (RSI) stands at 49.19, in the neutral zone above the oversold region of 40. However, the RSI will probably rise above 49 in the coming days. The Moving Average Convergence, Divergence (MACD) shows neutrality but indicates a possible uptrend. The MACD line falls under the signal line but is positioned upward. Related Reading: Why Bitcoin Will Come Out Ahead In A Recession, Top Analyst Claims The price of ADA will record a slight increase in the coming days. However, from the candlestick patterns, many red candles are present. It means that the trend can reverse at any time to a bearish pattern. Expect ADA to increase to $0.329, its nearest resistance level. Please note that this is not investment advice. The above price predictions are the analysis of the author. Always do proper research and technical analysis. Invest the amount you can afford to lose. Featured image from Pixabay and chart from TradingView.com
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