Token

Cardano

Toncoin

Coin

<p>The post <a href="https://coinpedia.org/price-analysis/cardano-token-builds-bullish-momentum-ada-price-to-breakout-0-50-this-week/" rel="noopener noreferrer nofollow">Cardano Token Builds Bullish Momentum! ADA Price To Breakout $0.50 This Week?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The cryptocurrency market has displayed a positive price action within the past day with top tokens recording increased bullish sentiment in their respective charts. Moreover, the market leader, <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">BTC Price</a>, has successfully reclaimed the $69K mark, suggesting a bullish outlook this week.</p>
<p>After displaying a negative price action over the past month, the Cardano ADA price has successfully regained momentum by recording an upswing of 11.38% in its trading volume and adding 2.31% in valuation within the past day.</p>
<h2 class="wp-block-heading" id="h-ada-coin-price-records-a-bullish-reversal">ADA Coin Price Records A Bullish Reversal!</h2>
<p>The <a href="https://coinpedia.org/price-prediction/cardano-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Cardano price</a> constantly traded under a bearish influence by recording a correction of 0.56% within the past week and 0.80% over the past 30 days. However, as the volatility in the market grew, the bulls regained momentum and recorded a bullish trend in its price chart.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/aL2d7_SaWcpWkeZ-1lXHCr-1Qgk8HJcIi2pmw1sn6UmoW31cGYn6Aogt9oLa5CcWdBrby4OatWoNO0oviezyEdP9l_c3JS48PoEzDm1JavoCEgqECInNOK3tKOzw6GgG6yoz_5f_3fzdrXm2EetuyrE" alt="ADA Coin Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: ADA/USDT
 </figcaption>
</figure>
<p>Positively, with a trading price of $0.4588 and a market cap of $16.434 Billion, the Cardano (ADA) price has successfully reclaimed the title of the 9th Biggest cryptocurrency by surpassing Toncoin (TON) in terms of market cap.</p>
<p>The Simple Moving Average (SMA) displays a bullish crossover in the 1D time frame, highlighting increased bullish sentiment for the <a href="https://markets.coinpedia.org/cardano/" target="_blank" rel="noopener noreferrer nofollow">ADA Coin price</a> in the crypto space.</p>
<p>However, the technical indicator, MACD, shows a constant flatline in its price chart. Positively, the averages show a potential bullish convergence, suggesting a high possibility of a positive price action in the coming time.</p>
<h2 class="wp-block-heading" id="h-will-cardano-price-go-up">Will Cardano Price Go Up?</h2>
<p>If the bulls gain momentum, the ADA coin price will test its resistance level of $0.4950 this week. Moreover, if the bulls continue to dominate the market, it will further rise and prepare to test its upper resistance level of $0.5690 in the coming time.</p>
<p>Conversely, if the bears overpowered the bulls, the Cardano price will lose momentum and plunge toward its crucial support level of $0.4170 during the upcoming weeks.</p>

Cardano Token Builds Bullish Momentum! ADA Price To Breakout $0.50 This Week?

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