Cardano Bullish Momentum: ADA Targets Range High Post Support Flip
Cardano (ADA) saw its market structure undergo a significant bullish transformation following a series of recent gains. This rally, which began in late September, has propelled ADA’s price up by more than 10% in just one week, measured from its lowest point to the recent peak. Although ADA experienced a retracement in the past few hours, it has managed to retain its overall bullish outlook. The initial signs weren’t entirely encouraging, as evidence from volume indicators hinted at dwindling buying pressure. Nevertheless, the bulls rallied with determination, successfully....
Related News
Cardano (ADA) appears to be regaining bullish momentum after experiencing a sharp correction from recent highs. According to a recent analysis by a TradingView analyst, ADA may be getting ready for another major rally, with potential price targets pointing toward the $1 mark and beyond. Analyst Sees Cardano Breaking Past The $1 Target On May […]
The Cardano price is currently eyeing an impulsive move to the upside following the invalidation of a bearish Relative Strength Index (RSI) divergence. In his analysis, crypto analyst Melika Trader revealed how high ADA could rally following this bullish channel formation. Cardano Price Eyes Impulsive Move To The Upside In a TradingView post, Melika Trader predicted that the Cardano price could rally to between $0.90 and $0.94 as it eyes an impulsive move to the upside. The analyst observed that ADA recently experienced a sharp rally, breaking through resistance levels and establishing a....
Cardano has been on a bullish run and it managed to cruise past the crucial resistance mark. Over the last week, ADA surged by almost 20%. The altcoin has been moving up in an ascending trendline over the last 24 hours. Currently, the altcoin has steadied on the $0.47 support line. Now Cardano has finally managed to claim its old resistance level and the bulls are back. For the bullish momentum to get intensified ADA needs to stay above the resistance mark it crossed above. It is however to soon to say if ADA is on a bullish momentum or if this is a relief rally. Bitcoin’s upward....
Cardano founder, Charles Hoskinson, boldly predicted at the 2023 Rare Evo conference that ADA would become the largest cryptocurrency in the world. In a recent interview, he provided insights into why he believes that will happen, with Cardano flipping Bitcoin on its way to achieving such status. Why Cardano (ADA) Can Flip Bitcoin Hoskinson alluded […]
XRP has re-entered a pivotal trading range against Bitcoin (BTC), stirring up excitement as technical signals suggest a potential breakout. This move is reinforcing its bullish position, highlighting three major price targets that could confirm a larger macro rally. XRP Sets Sights On Key Targets Against Bitcoin After months of consolidation, the XRP/BTC trading pair is now back inside a critical triangle formation, which market expert Egrag Crypto has identified as a key price range to watch for potential breakout or breakdown moves. The analyst shared a short-term XRP/BTC chart on X....