koinmilyoner
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Bullish
šŖ Cardano Bulls Take Charge ā Breakthrough Levels Ahead?
Cardano price rises on Monday after recovering from crucial support last week.
As financing rates rise and stablecoin market capitalization grows, derivatives and on-chain data are optimistic.
The 4-hour chart shows a bullish pattern breakout, suggesting additional higher.
After recovering from a crucial support level last week, Cardano (ADA) is trading over $0.84 on Monday. Positive financing rates and stablecoin market growth support positive attitude, while 4-hour chart technical analysis shows a bullish pattern breakout, predicting ADA will rise.
Increasing positive sentiment in Cardano derivatives
Coinglass's OI-Weighted Funding Rate data suggests that fewer traders expect Cardano's price to fall than rise.
The metric became positive on September 2. It maintained a positive value of 0.0079% on Monday, showing that longs are paying shorts, signaling optimistic Cardano traders.
DefiLlama statistics reveals the ADA stablecoin market value hit a record $40.37 million on Sunday. Increased stablecoin activity and value on ADA boost network utilization and attract additional users.
Bullish pattern breakthrough confirms Cardano price forecast
On Sunday, Cardano's 4-hour chart price broke above the falling wedge formation and gained modestly. A bullish breakout from this pattern of many high and low levels and an August 14 trendline favors bulls. As of Monday, it trades about $0.84.
If ADA keeps rising, it might reach its 61.8% Fibonacci retracement at $0.92.
Cardano's daily chart showed support at its 100-day Exponential Moving Average (EMA) at $0.77 on September 1 and recovered 4.19% on Sunday. On Monday, it was roughly $0.83.
The ADA might rise to its August 14 high of $1.02 if it closes over $0.84 daily barrier.
ADA might fall to its 100-day EMA at $0.77 if it corrects.
#Cardano #ADA #AltcoinMarketRecovery #ListedCompaniesAltcoinTreasury #MarketPullback $ADA
Cardano price rises on Monday after recovering from crucial support last week.
As financing rates rise and stablecoin market capitalization grows, derivatives and on-chain data are optimistic.
The 4-hour chart shows a bullish pattern breakout, suggesting additional higher.
After recovering from a crucial support level last week, Cardano (ADA) is trading over $0.84 on Monday. Positive financing rates and stablecoin market growth support positive attitude, while 4-hour chart technical analysis shows a bullish pattern breakout, predicting ADA will rise.
Increasing positive sentiment in Cardano derivatives
Coinglass's OI-Weighted Funding Rate data suggests that fewer traders expect Cardano's price to fall than rise.
The metric became positive on September 2. It maintained a positive value of 0.0079% on Monday, showing that longs are paying shorts, signaling optimistic Cardano traders.
DefiLlama statistics reveals the ADA stablecoin market value hit a record $40.37 million on Sunday. Increased stablecoin activity and value on ADA boost network utilization and attract additional users.
Bullish pattern breakthrough confirms Cardano price forecast
On Sunday, Cardano's 4-hour chart price broke above the falling wedge formation and gained modestly. A bullish breakout from this pattern of many high and low levels and an August 14 trendline favors bulls. As of Monday, it trades about $0.84.
If ADA keeps rising, it might reach its 61.8% Fibonacci retracement at $0.92.
Cardano's daily chart showed support at its 100-day Exponential Moving Average (EMA) at $0.77 on September 1 and recovered 4.19% on Sunday. On Monday, it was roughly $0.83.
The ADA might rise to its August 14 high of $1.02 if it closes over $0.84 daily barrier.
ADA might fall to its 100-day EMA at $0.77 if it corrects.
#Cardano #ADA #AltcoinMarketRecovery #ListedCompaniesAltcoinTreasury #MarketPullback $ADA
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.Ā See T&Cs.
ADA
0.8521
+0.75%