Plunge

Cardano

bullish

Story

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  <h3 class="wp-block-heading the-subtitle" id="story-highlights">Story Highlights</h3>  
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   <li>Cardano price is on the path of recording a new 52-week high.</li>  
   <li>Technical indicators experience strong bullish sentiments, indicating positive action.</li>  
   <li>The ADA price records its March high with a 4% intraday jump.</li> 
  </ul>  
  <p>With Bitcoin price recording a new all-time high during the early Asian hours today, top altcoins have recorded a similar price action by retesting their important resistance levels. Following this, the Cardano price has added 4.85% to its valuation and is on the verge of achieving a new 52-week high.</p>  
  <p>Are you one of many who are closely analyzing the price movements of this crypto token? In this article, CoinPedia’s expert panel has comprehended a possible short-term price analysis report just for you!</p>  
  <h2 class="wp-block-heading" id="h-ada-coin-price-retests-it-s-52-week-high">ADA Coin Price Retests It's 52-week High!</h2>  
  <p>With an intraday jump of ~5%, the Cardano price is constantly headed toward its $0.80 mark. With a 24-hour trading volume of $2.282 billion, this altcoin is currently changing hands at $0.7854.</p>  
  <figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/20154018/Cardano-Price-Analysis-20th-November-2024-1024x564.webp" alt="ADA Coin Price Retests It's 52-week High!" class="wp-image-382375">
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    TradingView: ADA/USDT
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  <p>Notably, this project has soared over 100% within days following its owner showing his favor to President-elect Donald Trump. Moreover, currently, ADA has a market capitalization of $27.696 billion and has secured the 09th position.</p>  
  <p>The Relative Strength Index (RSI) shows a constant price trend above the overbought range in the daily time frame. This indicates a bullish outlook for the altcoin this week.</p>  
  <p>The Simple Moving Average (SMA) constantly supports the Cardano price chart, highlighting a significant rise in the buying-over-selling pressure for this altcoin.</p>  
  <h2 class="wp-block-heading" id="h-will-ada-price-hit-1-this-week">Will ADA Price Hit $1 This Week?</h2>  
  <p>Maintaining the price above its support trendline of $0.7750 could set the stage for it to head toward its resistance of $0.8875. Further, if the bulls continue dominating the crypto space, this could push the Cardano price to its target price of $1.</p>  
  <p>However, a trend reversal could pull the price toward its support level of $0.6850. Moreover, if the bears outrun the bulls, the Cardano token may plunge to its lower support trendline of $0.60 during the upcoming time.</p>  
  <p>Wondering if the ADA price will reclaim the $1 mark this month? Read CoinPedia’s <a href="https://coinpedia.org/price-prediction/cardano-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Cardano Price Prediction</a> and also subscribe to us for the latest news of the crypto-verse!</p>  
  <h2 class="wp-block-heading" id="h-faqs">FAQs</h2>  
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   <div class="schema-faq-section" id="faq-question-1732097284340"><strong class="schema-faq-question"><strong>What price will ADA be in 5 years?</strong></strong>
    <p class="schema-faq-answer">Evaluating the present market sentiments, the Cardano price may reach a maximum of $7.79 in 2029.</p>
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   <div class="schema-faq-section" id="faq-question-1732097285638"><strong class="schema-faq-question"><strong>Can Cardano reach $20?</strong></strong>
    <p class="schema-faq-answer">For the ADA price to reach this mark, it will require a run of 2,446.47% in its valuation.</p>
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   <div class="schema-faq-section" id="faq-question-1732097286198"><strong class="schema-faq-question"><strong>Is ADA coin worth buying?</strong></strong>
    <p class="schema-faq-answer">With a monthly surge of ~116%, this altcoin is currently under the limelight of the crypto market and whale investors.</p>
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Cardano Price Prediction: Will ADA Price Hit $1 Or Plunge Post 128% Rally?

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