Flow

Cardano

Show

Coin

<ul class="wp-block-list news-points">
 <li><strong>Cardano is trading at approximately $0.3517, facing a 4.3% loss in the last 24 hours.</strong></li>
 <li><strong>Technical indicators suggest a potential upward breakout as ADA forms a descending triangle pattern.</strong></li>
 <li><strong>Social interest in Cardano is rising, with 111,000 mentions reported.</strong></li>
</ul>
<p>Cardano (ADA) is currently trading at approximately $0.3517, reflecting a 4.3% loss over the last 24 hours. Despite this decline, technical indicators suggest a potential upward breakout as ADA forms a descending triangle pattern, hinting at a possible price reversal.</p>
<div class="wp-block-image">
 <figure class="aligncenter is-resized"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeiVi_5jwFxBmWZc3D-lqBs6W32d5yINc1MxPt9YlMR91nY2E_jSlMDOhWP200fjKC4kvToh2n17b1D84uB_juni1_TZh6mqYbgNQcIN0g_Q3ejI6ObZBg-b7ikfFklepDqbL-Ij4JE3GHCAhUnxz1xCC8I?key=HoA4TO39pb8sZlWcANhOWA" alt="" style="width: 100%;height:auto">
  <figcaption class="wp-element-caption">
   Source: TradingView
  </figcaption>
 </figure>
</div>
<h2 class="wp-block-heading" id="h-technical-indicators-show-bullish-potential">Technical Indicators Show Bullish Potential</h2>
<p>Cardano’s price has struggled to surpass the $0.36 resistance level, with sellers consistently pushing the price down each time it attempts to rally. However, the narrowing descending triangle pattern indicates that ADA may be nearing a breakout.</p>
<p>Data from TradingView suggests that if bulls can overcome the $0.36 resistance and break through the triangle’s upper boundary, a rally toward $0.40, aligning with the 0.236 Fibonacci retracement level, is possible.</p>
<p>Supporting the potential for a bullish reversal, the Chaikin Money Flow (CMF) indicator has entered positive terr…</p>
<p>The post <a href="https://coinedition.com/cardano-sets-for-bullish-trend-as-analysts-predict-2000-gain/" rel="noopener noreferrer nofollow">Cardano Sets For Bullish Trend as Analysts Predict 2,000% Gain</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Cardano Sets For Bullish Trend as Analysts Predict 2,000% Gain

Table of Contents

Coin Edition

Other articles published on Oct 24, 2024

Crypto Predictions 2025: What to Expect and How to Prepare

New Solana Memecoin Musk to Mars Will Rally 17,000% Ahead of First Exchange Listing, As Dogecoin ...

Investor Dismisses Shiba Inu and PEPE Coin’s Hopes for $1, Shares Penny Token That Will Breeze Pa...

Sui Foundation Denies Insider Trading Allegations Amid $400M Token Sale Claims

Trump’s Poll Surge Affects Cryptocurrency Trends

Robert Kiyosaki’s Final Warning for Bitcoin Investors: Last Chance for “Uptober”

Join our free newsletter for daily crypto updates!