Based

bullish

Cardano

Bitcoin

Cardano is gaining bullish momentum as the crypto market continues to hit higher highs and Bitcoin is inching closer to the $100,000 mark. With the third bullish week in motion, the ADA price is nearing the $1 milestone.   
Will the ongoing bull run in the ADA price trend achieve the $1 milestone? Let's find out.&nbsp;   
<h2 class="wp-block-heading" id="h-cardano-price-analysis">Cardano Price Analysis</h2>   
In the daily chart, the Cardano price action shows a streak of bullish engulfing candles leading the bull run. Currently, it has crossed the $0.80 mark and is inching closer to the $1 price target.&nbsp;&nbsp;   
<figure class="wp-block-image size-large">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/11/22153455/image-10-1024x509.webp" alt="Cardano Price Analysis" class="wp-image-383618">
</figure>   
<a href="https://www.tradingview.com/x/Ou9mSDc7/" target="_blank" rel="noreferrer noopener">Tradingview</a>   
In the daily chart, Cardano price action forms the fifth consecutive bullish candle. Furthermore, the recent surge accounts for a 22.87% surge in the last four days. However, in the last 17 days, with just two bearish candles, the ADA price has surged by 165% from the low of $0.32.&nbsp;   
The growing bullish influence has led to a positive crossover between the 100-day and 200-day EMA after the recent golden crossover. The MACD indicator shows a positive trend in the MACD and signal line with a surge of bullish histograms. Hence, the technical indicators maintain a buy signal for Cardano.   
<h2 class="wp-block-heading" id="h-will-cardano-hit-1">Will Cardano Hit $1?</h2>   
Based on the weekly chart, the recovering rally is challenging the 23.60% Fibonacci level with a rounding multiple reversal. The bullish breakout of this Fibonacci level will likely prolong the rally to $1.25 or the 38.20% Fibonacci level. Compared to its all-time high of $3.16, the altcoin is at a discount of nearly 72%. Therefore, the altcoin shows massive room for growth if the bullish trend continues.   
Will Cardano reach $10? Find out NOW in Coinpedia’s <a href="https://coinpedia.org/price-prediction/cardano-price-prediction/" target="_blank" rel="noreferrer noopener">Cardano price prediction</a>, and subscribe to us for the latest crypto updates.&nbsp;   
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
<ol class="wp-block-list">
  
 <li>What is Cardano’s current price and recent performance? Cardano is trading above $0.80, up 165% over the past 17 days, with a 22.87% surge in the last four days.</li>   
 <li>What are Cardano’s key price targets? Immediate targets include $1 and $1.25, aligned with the 23.60% and 38.20% Fibonacci levels, respectively.</li>   
 <li>What supports Cardano’s bullish momentum? A golden EMA crossover, bullish MACD signals, and consistent bullish candles indicate continued upward momentum.</li>   
 <li></li> 
</ol>

Will Cardano (ADA) Price Hit $1 This Week?

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