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Cardano Price Can Clinch $1 then $10 As It Eyes Bounce From New Support Zone
The Cardano’s price can reclaim the $1 price point in the coming months. Recent ADA correction will not be a hindrance for Cardano’s price to reach $1.
ADA has lost a jarring 13% over the last week and trades at $0.64 in an unremarkable week for the cryptocurrency. On the daily charts, prices have generally moved sideways, underscoring a lack of investor enthusiasm.
Cardano’s recent decline has seen it fail to stay above the $0.65 support level. The analysis opined that a downtrend is the offing for the Cardano price that could see a new support zone of $0.59. The new $0.59 support zone will hurl Cardano price to reach $1.
Despite the long correction, the price still has a chance to bounce off this support and rise towards $1. Otherwise, it will fall to the lower border of the broadening wedge.
While some investors are eyeing an ADA bounce to $0.70, a plausible play will be a slump below $0.60 before the start of a rally.
A Slew Of Positives For ADA
Despite the pervading negative sentiment around ADA price, the cryptocurrency has a wave of positive fundamentals going for it. Cardano price spiked following Charles Hoskinson’s confirmation of Ripple’s RLUSD on ADA.
Furthermore, Charles Hoskinson reveals that Cardano will play a major role in Bitcoin decentralized finance (DeFi) application. In more positive technicals, Cardano price is forming a cyclical pattern from 2024 that can send prices to astronomical proportions in May.
While the prediction pegged prices at $2.5, optimists say ADA price to $10 is not a crazy hypothesis. The report cites present solid fundamentals and ADA’s over 1,000% spike to set its all-time high back in 2021 as pointers for the seismic rally to $10.
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The Cardano’s price can reclaim the $1 price point in the coming months. Recent ADA correction will not be a hindrance for Cardano’s price to reach $1.
ADA has lost a jarring 13% over the last week and trades at $0.64 in an unremarkable week for the cryptocurrency. On the daily charts, prices have generally moved sideways, underscoring a lack of investor enthusiasm.
Cardano’s recent decline has seen it fail to stay above the $0.65 support level. The analysis opined that a downtrend is the offing for the Cardano price that could see a new support zone of $0.59. The new $0.59 support zone will hurl Cardano price to reach $1.
Despite the long correction, the price still has a chance to bounce off this support and rise towards $1. Otherwise, it will fall to the lower border of the broadening wedge.
While some investors are eyeing an ADA bounce to $0.70, a plausible play will be a slump below $0.60 before the start of a rally.
A Slew Of Positives For ADA
Despite the pervading negative sentiment around ADA price, the cryptocurrency has a wave of positive fundamentals going for it. Cardano price spiked following Charles Hoskinson’s confirmation of Ripple’s RLUSD on ADA.
Furthermore, Charles Hoskinson reveals that Cardano will play a major role in Bitcoin decentralized finance (DeFi) application. In more positive technicals, Cardano price is forming a cyclical pattern from 2024 that can send prices to astronomical proportions in May.
While the prediction pegged prices at $2.5, optimists say ADA price to $10 is not a crazy hypothesis. The report cites present solid fundamentals and ADA’s over 1,000% spike to set its all-time high back in 2021 as pointers for the seismic rally to $10.
Use RISK MANAGEMENT
SPOT TRADING✨️
FUTURES TRADING✨️
SPOT BAG✨️
#ADA #ADA.智能策略库🥇🥇 #Cardano #TradingSignals #futures
FUTURES TRADING 👇👇👇👇
SPOT TRADING SPOT BAG👉 👉 $ADA
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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