Cardano

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<p>After recording a bullish price action for 7 consecutive days, the Cardano price has been on the verge of breaking its streak by recording a negative price sentiment in the past day. Is the dream run of ADA token over? Or will this altcoin experience a meteoric rise with a short pullback?</p>  
<p>Planning on investing in this altcoin before it achieves the $1 mark? Read our in-depth research article on the short-term possibilities of the Cardano (ADA) crypto token.</p>  
<h2 class="wp-block-heading" id="h-ada-price-retests-its-support-trendline"><strong>ADA Price Retests Its Support Trendline!</strong></h2>  
<p>Despite recording a correction of 2.86% in the past 24 hours with a trading volume of $3.333 billion, the Cardano price has surged 68.72% over the past week. Moreover, this altcoin has added 58.87% during the past 30 days, indicating increasing bullish sentiment.</p>  
<figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/12195325/image-202-1024x536.png" alt="ADA Price Retests Its Support Trendline!" class="wp-image-379008">
</figure>  
<p>The EMA 50/200-day is on the path of potentially achieving a Golden Cross in the 1D time frame. This highlights increased bullish action for the altcoin in the crypto market.</p>  
<p>The Relative Strength Index (RSI) continues hovering above the overbought range in the Cardano price chart. This suggests that the ADA token may continue gaining value in the coming time.</p>  
<h2 class="wp-block-heading" id="h-will-ada-coin-price-hit-1-this-2024"><strong>Will ADA Coin Price Hit $1 This 2024?</strong></h2>  
<p>If the bulls regain momentum, the Cardano token will retest its resistance level of $0.68. Furthermore, maintaining the bullish sentiment could push the price toward its upper resistance level of $0.7750 during the upcoming time.</p>  
<p>However, a trend reversal could result in the Cardano coin retesting its support level of $0.50. Moreover, if the bears maintain dominance, this could pull the price of the ADA token toward its lower support level of $0.40.</p>  
<p>Curious about the long-term price targets of this altcoin? Read, our <a href="https://coinpedia.org/price-prediction/cardano-price-prediction/" rel="noopener noreferrer nofollow">Cardano (ADA) Price Prediction</a> to uncover the possibilities!</p>  
<h2 class="wp-block-heading" id="h-faqs"><strong>FAQs</strong></h2>  
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1731421441473"><strong class="schema-faq-question"><strong>What is the highest price Cardano has been?</strong></strong>
  <p class="schema-faq-answer">The all-time high (ATH) of ADA token is $3.10 which was recorded on 02nd September 2021.</p>
 </div>
 <div class="schema-faq-section" id="faq-question-1731421464912"><strong class="schema-faq-question"><strong>Is ADA coin worth buying?</strong></strong>
  <p class="schema-faq-answer">This altcoin has surged ~72% over the past week, making it a hot pick at this point in time.</p>
 </div>
 <div class="schema-faq-section" id="faq-question-1731421482718"><strong class="schema-faq-question"><strong>How much will 1 Cardano be worth in 2025?</strong></strong>
  <p class="schema-faq-answer">With a potential surge, the ADA price may surpass the $2 mark in 2025.</p>
 </div>
</div>

Cardano Price Analysis: Will ADA Price Challenge $1 This Month?

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