CoinMarketCap: Read what our contributors have to say. This content is provided by the community. DYOR!
Cardano (ADA) to $2.48? Hoskinson, Trump Boost Price 20%
Market Musing-g

Cardano (ADA) to $2.48? Hoskinson, Trump Boost Price 20%

Coin Edition
By Coin Edition
2 months ago
2 mins read
Cardano (ADA) to $2.48? Hoskinson, Trump Boost Price 20%
  • Cardano’s $ADA rallies nearly 20%, testing the $0.726 level.  
  • Founder Charles Hoskinson hints at involvement in shaping U.S. crypto policies.  
  • Bitcoin’s positive momentum propels Cardano’s potential $2.48 breakout.  

Cardano’s ADA token jumped nearly 20% as it tested the critical $0.72 support level. Market analysts believe this rally could push the altcoin to its next target of $2.48, buoyed by Bitcoin’s bullish momentum and promising developments in U.S. cryptocurrency policies.

Looking at its past trends, the $0.726 support level has been a solid foundation for ADA’s upward movements. With this increased momentum, the ninth-ranked token is poised to reach the next major resistance level of $2.485. Technical indicators show ADA is in a strong uptrend, as seen in the RSI and MACD. The Relative Strength Index is above 50, indicating bullish momentum. The Moving Average Convergence Divergence shows a bullish crossover, confirming the upward trend.

This news fits with the broader market optimism. The positive sentiment around Bitcoin (BTC) has been key in driving ADA’s upward surge. As the dominant crypto asset continues its bullish run, it will lik…

0 likes
|

Other articles published on Nov 18, 2024

Market Musing-g

Stablecoin Minting Hits Bullish Highs: A $127B Signal for Crypto Investors?

Digital asset financial services firm Matrixport stated on X that stablecoin minting has increased significantly, suggesting that investors are investing in crypto. The market cap of USDT and other...
By Coin Edition
2 months ago
2 mins read
Market Musing-g

Ripple’s Influence Questioned After Rumored Trump Connection

Rumors of a meeting between Ripple's CEO and Trump have raised industry concerns about Ripple's impact on US crypto policy.
By Coinpaper.com
2 months ago
8 mins read
Market Musing-g

SEI Partners with Drift Zone for Gaming Boost

The team behind the hit mini-game Drift Zone: Arena just secured a $190,000 grant to integrate their growing gaming ecosystem with the Sei blockchain network. With more than 500,000 players already...
By Altcoin Buzz
2 months ago
4 mins read
Market Musing-g

How to Get Rich Off Crypto: Unlock Wealth With These Top Coins in 2024

This article delves into eight proven strategies for capitalizing on crypto in 2024, providing insights into how to get rich off crypto. The post How to Get Rich Off Crypto: Unlock Wealth With Thes...
By TheCoinrise Media
2 months ago
22 mins read
Blog

Metaplanet Issues ¥1.75B Bonds to Buy More Bitcoin (BTC)

Japanese firm Metaplanet has announced ¥1.75B bond issuance to add more Bitcoin to its 1,018.17 BTC stash.
By CryptoTale
2 months ago
1 min read
Market Musing-g

WeFi to Enter New Phase of DeFi Following November $WFI Token Generation Event

Charlestown, Saint Kitts and Nevis, 18th November 2024, Chainwire
By ItsBitcoinWorld
2 months ago
5 mins read

Join the thousands already learning crypto!

Join our free newsletter for daily crypto updates!