Cardano

bullish

2024

Coin

<ul class="wp-block-list news-points"> 
 <li>Cardano (ADA) may soon rebound as indicators suggest a bullish reversal after a retracement.</li> 
 <li>Market momentum and volume signals hint at rising buying interest for a potential ADA rebound.</li> 
 <li>ADA shows accumulation and bullish signals, supported by key indicators on Bybit and Binance.</li> 
</ul> 
Cardano (ADA) might be poised for a rebound after a recent price drop, according to crypto analyst Trend Rinder. In a post on his social media account, Rinder pointed to a pullback following ADA’s recent surge, suggesting an opportunity for a healthy bounce back. 
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 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/270d.png" alt="✍" class="wp-smiley" style="height: 1em; max-height: 1em;">So <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ADA</a> had a big pump, and now it came back down to liquidate longs. We could see a healthier bounce from here as it could print a higher low. I would like to see a bounce signal like the one we got from our indicators a couple weeks ago. We traded the first bounce, no… <a href="https://t.co/YmEc2AvbPy" target="_blank" rel="nofollow">pic.twitter.com/YmEc2AvbPy</a>— Trend Rider (@TrendRidersTR) <a href="https://twitter.com/TrendRidersTR/status/1828909797854367767?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">August 28, 2024</a>
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Rinder believes the current price movement resembles a past scenario where ADA found support at lower levels before rallying. This suggests the market could soon signal a bullish reversal. 
An analysis of ADA/USDT on Binance using Trend Rinder’s indicators shows a retracement af…
The post <a href="https://coinedition.com/cardano-ada-rebound-analyst-sees-bullish-signs/">Cardano (ADA) Rebound: Analyst Sees Bullish Signs</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Cardano (ADA) Rebound: Analyst Sees Bullish Signs

Coin Edition

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