😱Incredible Surge! Cardano Soars 4.59%, Is the $0.80 Mark Within Reach? 🚨💥

Cardano (ADA) shows bullish recovery, analysts predict a breakthrough at $0.80! Key obstacles await!

ADA Strong Rebound

ADA rises from $0.67 to $0.7185, surging 4.59% in 24 hours, breaking above the 50-day moving average ($0.669). Analyst Ali states that if it breaks the resistance at the upper boundary of the four-hour parallel channel, $0.80 is attainable. Currently, buyers and sellers are battling at the 50-day and 200-day moving averages ($0.783).

Key Price Level Struggle

Breaking and holding above $0.75 may lead to a push towards $0.80; however, if it falls below the support at $0.58, it could explore $0.54-$0.50. There may also be continued oscillation in the $0.669-$0.783 range.

Cardano Ecosystem Explosion

In April, the number of Cardano projects increased to 1993, with delegated wallets +2000, native tokens +40,000, and Plutus scripts reaching 131,015. Node v.10.3.1 enhances performance, Mithril 2513.0 supports new nodes, and technical upgrades contribute to the surge!

$0.80 or a Pullback?

With both strong technology and ecosystem, $0.80 is within sight! Breakthrough or oscillation? Hot discussions in the crypto community!