Cardano

bullish

Bitcoin

Impact

<h2 id="cardano-price-at-0-36-key-support-holds-firm">Cardano Price at $0.36: Key Support Holds Firm</h2>
<p><a href="https://cryptoticker.io/en/token/price/ADA-USD" rel="noopener noreferrer nofollow">Cardano price</a> is currently trading at $0.36. The strong support of $0.30, a level that has consistently proven to be a strong support zone for ADA. After several tests of this price point, the cryptocurrency has bounced back each time, signaling potential strength in the market. Traders and investors have been eyeing this critical support, which may represent a bottoming pattern. The resilience around $0.30 could serve as a launchpad for further gains, provided broader market conditions remain favorable.</p>
<p><a href="https://www.tradingview.com/symbols/ADAUSD/?aff_id=127958" rel="noopener noreferrer nofollow"><img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/ADAUSD_2024_10_07_20_06_50_cf4fcf084d.png" alt="ADAUSD_2024-10-07_20-06-50.png"></a></p>
<p><i>ADA/USD 1-day chart - </i><a href="https://www.tradingview.com/symbols/ADAUSD/?aff_id=127958" rel="noopener noreferrer nofollow"><i>TradingView</i></a></p>
<h2 id="cardano-rebounds-uptrend-in-sight">Cardano Rebounds: Uptrend in Sight?</h2>
<p>ADA’s price action suggests that an uptrend may be forming. After multiple rebounds from the $0.36 <a href="https://coinmarketcap.com/currencies/cardano/" rel="noopener noreferrer nofollow">level</a>, the pattern seems to be setting higher lows, which is often a precursor to upward momentum. If this trend continues, we could see Cardano break through the next key resistance levels. The market sentiment is shifting, and early indications point toward potential bullish movement in the coming days.</p>
<h2 id="bitcoin-on-the-rise-impact-on-cardano">Bitcoin on the Rise: Impact on Cardano</h2>
<p>It’s not just <a href="https://cryptoticker.io/en/token/price/ADA-USD" rel="noopener noreferrer nofollow">Cardano</a> showing signs of recovery—Bitcoin has also rebounded from its $60,000 level and is currently trading around $63,800. As the market leader, Bitcoin’s movements often influence altcoins like Cardano. With Bitcoin regaining momentum, Cardano may benefit from increased investor confidence, which could help push ADA to higher price levels in the near term.</p>
<p><a href="https://www.tradingview.com/symbols/ADAUSD/?aff_id=127958" rel="noopener noreferrer nofollow"><img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/ADAUSD_2024_10_07_20_10_09_de1f060d17.png" alt="ADAUSD_2024-10-07_20-10-09.png"></a></p>
<p><i>ADA vs BTC - </i><a href="https://www.tradingview.com/symbols/ADAUSD/?aff_id=127958" rel="noopener noreferrer nofollow"><i>TradingView</i></a></p>
<h2 id="cardano-price-prediction-next-targets-for-ada-price">Cardano Price Prediction: Next Targets for ADA Price</h2>
<p>If the uptrend in <a href="https://cryptoticker.io/en/prediction/cardano-price-prediction" rel="noopener noreferrer nofollow">Cardano continues</a>, we’re likely to see the price head toward key resistance levels at $0.40 and $0.45. These targets have been on the radar of traders for some time, and a break above $0.40 could pave the way for even more significant gains. However, as always with cryptocurrency markets, caution is advised, and monitoring Bitcoin’s trajectory could provide additional insight into <a href="https://cryptoticker.io/en/prediction/cardano-price-prediction" rel="noopener noreferrer nofollow">ADA’s next move</a>.</p>
<p><a href="https://www.tradingview.com/symbols/ADAUSD/?aff_id=127958" rel="noopener noreferrer nofollow"><img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/ADAUSD_2024_10_07_20_07_15_6ca2125381.png" alt="ADAUSD_2024-10-07_20-07-15.png"></a></p>
<p><i>ADA/USD 2-hours chart - </i><a href="https://www.tradingview.com/symbols/ADAUSD/?aff_id=127958" rel="noopener noreferrer nofollow"><i>TradingView</i></a></p>

Cardano Price Prediction: ADA about to Breakout to this level...

Table of Contents

CryptoTicker ENG

Other articles published on Oct 7, 2024

Hedera's $HBAR Gains US Institutional Access with Launch of Canary Trust

TapSwap Daily Code for October 7, 2024

Renowned Analyst Suggests “History May Be Repeating Itself” for Dogecoin—Here’s His Outlook

Coinpedia Fintech News

Crypto adoption on track to hit 8% by 2025: Report

XRP Eyes 1000% Gains, but AI-Powered CYBRO Might Overtake It as the Top Performer by 2025

Join our free newsletter for daily crypto updates!