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The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/ada-price-analysis-will-this-breakout-rally-drive-ada-to-0-35/">ADA Price Analysis: Will This Breakout Rally Drive ADA To $0.35?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a>
Rising with the overall market sprinting to new heights, the ADA coin price skyrockets to reclaim crucial psychological levels. With a triangle breakout rally, the Cardano price trend is gaining bullish momentum as Bitcoin remains strong at $34K.
As the ADA price approaches the 200-day EMA, the <a href="https://coinpedia.org/price-prediction/cardano-price-prediction/" rel="noopener noreferrer nofollow">Cardano price predictions</a> are teasing a high speed breakout rally.&nbsp;
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="481" src="https://image.coinpedia.org/wp-content/uploads/2023/10/28135930/ADAUSD_2023-10-28_12-59-19-1024x481.png" alt="" class="wp-image-240202" srcset="https://image.coinpedia.org/wp-content/uploads/2023/10/28135930/ADAUSD_2023-10-28_12-59-19-1024x481.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/10/28135930/ADAUSD_2023-10-28_12-59-19-300x141.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/10/28135930/ADAUSD_2023-10-28_12-59-19-768x361.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/10/28135930/ADAUSD_2023-10-28_12-59-19-1536x722.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/10/28135930/ADAUSD_2023-10-28_12-59-19-150x70.png 150w, https://image.coinpedia.org/wp-content/uploads/2023/10/28135930/ADAUSD_2023-10-28_12-59-19.png 1952w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
Concluding the long-term downtrend, the ADA price trend shows a bullish turnaround from the $0.23 mark. The reversal rally aligns with the overall market recovery, delivering massive returns for Cardano holders.&nbsp;
The high speed reversal rally breaks above the overhead resistance trendline and exceeds the 50-day EMA to challenge the 200-day average line. In doing so, the uptrend exceeds the $0.30 mark and reflects a 20% jump.&nbsp;
Currently, the ADA price trades at $0.294 with an intraday rise of 1.73%, showcasing a resurgence in buying pressure. However, the higher price rejection in the recent candles reflects strong opposition at the 200-day EMA and the $0.30 mark.&nbsp;
Technical indicators:
MACD indicator: With the overall progressive trend in Cardano, the MACD and signal lines continue the bullish approach. In addition, the rising bullish histograms reflect a rise in buying pressure.&nbsp;
EMA: The rising 50-day EMA and buyers conflict close to the 200-day EMA increases the golden crossover possibility.&nbsp;
<h2 class="wp-block-heading" id="h-will-ada-price-reach-0-35">Will ADA Price Reach $0.35?</h2>
With the rising momentum and improving sentiments, the ADA price may soon skyrocket and exceed the 200-day EMA. Moreover, sustaining a value close to $0.30 reflects high confidence among buyers and increases the breakout chances.&nbsp;
If the ADA price rises above the 200-day EMA, the breakout rally can touch $0.35. On the flip side, a reversal from $0.30 can retest the $0.26.

ADA Price Analysis: Will This Breakout Rally Drive ADA To $0.35?

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