bitcoin
bitcoin

$76431.19 USD 

0.27%

ethereum
ethereum

$2987.93 USD 

2.19%

tether
tether

$1.00 USD 

0.01%

solana
solana

$199.62 USD 

-0.11%

bnb
bnb

$619.22 USD 

2.33%

usd-coin
usd-coin

$0.999834 USD 

0.02%

xrp
xrp

$0.551919 USD 

-0.87%

dogecoin
dogecoin

$0.201687 USD 

3.26%

cardano
cardano

$0.439588 USD 

5.37%

tron
tron

$0.160398 USD 

-0.16%

toncoin
toncoin

$4.92 USD 

-0.68%

avalanche
avalanche

$29.21 USD 

4.72%

shiba-inu
shiba-inu

$0.000019 USD 

-1.66%

chainlink
chainlink

$13.52 USD 

5.92%

bitcoin-cash
bitcoin-cash

$375.94 USD 

-1.65%

Cryptocurrency News Articles

Cardano Price Forecast: ADA Outperforms Market to Extend Rally, Eyes $0.460

Nov 09, 2024 at 02:07 am

Cardano price continued with its strong rally on Saturday, gaining 9.3 percent to trade at $0.446 at the time of writing.

Cardano Price Forecast: ADA Outperforms Market to Extend Rally, Eyes $0.460

Cardano (ADA) price continued its strong rally on Saturday, gaining 9.3 percent to trade at $0.446 at the time of writing. In the last four sessions, ADA has risen by 32.4 percent, highlighting the strong bullish momentum. Moreover, its 24-hour trading volume was up by 183 percent, raising the prospect of a stronger upward move in the near-term. A rise in the traded volume of an asset during a upward momentum typically signals bullishness.

While the current crypto market rally is not unique to Cardano, and is attributed to Donald Trump’s election win, the coin outperformed the rest of the market in the last 24 hours. Market bellwether, Bitcoin was down by 0.1 percent, while Ethereum was up by just 1.4 percent. Cardono’s peers, Solana and Tron were up by 1.9 percent and 0.2 percent respectively.

Cardano price analysis: technical outlook

The momentum on ADA price favours further upside above 0.441 That could see further gains to the first barrier at 0.450. However, a sustained upward push could result in a break above that level to test 0.460. Conversely, moving below 0.441 will favour the sellers to be in control, with the first support likely to come at 0.434. However, if the sellers extend their control, the price could break below that level and render the upside narrative invalid. The resulting momentum could extend losses to test 0.427.

News source:cardanofeed.com

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Nov 09, 2024