As a result, the ADX rating of 30.71 on the ADA price chart

As a result, the ADX rating of 30.71 on the ADA price chart confirms this recovery hypothesis, suggesting a strongly rising trend.

ADA price

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ADA

0.3766

+1.26%

ADX

1.1k

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Glassnode lead on-chain analyst James Check said that Bitcoin could rally to $32,000, which is its “true cost basis.”

ADA’s price could experience sideways movement and choppy price action until the 2024 Bitcoin halving.

In a recent video, Dan Gambardello expressed his excitement about the latest wave of Cardano adoption.

The analyst attributed this newfound attention on Cardano to meme coins.

The MACD indicator is calculated by subtracting the long-term EMA (Exponential Moving Average) indicator from the short-term EMA.

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