Cardano

Alchemy Pay

Pepe

The Cardano price has soared 212% in the past month, despite a 2.5% fall in the last 24 hours, to trade at $1.08 as of 10 p.m. EST on a 25% in trading volume to $3.5 billion.
<h2 id="cardano-price-may-continue-the-momentum-above-the-bullish-channel">Cardano Price May Continue The Momentum Above The Bullish Channel</h2>
The ADA/USD chart on the 4-hour timeframe shows a clear bullish trend, with the <a href="https://www.coingecko.com/en/coins/cardano" rel="noopener noreferrer nofollow">price currently trading at $1.09331</a>. According to GeckoTerminal, the price has steadily climbed within a well-defined bullish channel&nbsp;following a breakout from a prolonged consolidation phase. This upward movement gained further momentum, forming a parabolic curve that led to a sharp acceleration in the rally.
The consolidation phase acted as a foundation for the rally, the bullish channel provided structure to the trend, and the parabolic curve represented the recent rapid rise in price.
Key support levels include $0.827, which aligns with the 50-period moving average (MA), and $0.515, where the 200-period MA provides strong long-term support. On the upside, the price faces resistance at $1.20, a psychological level that could trigger selling pressure. A breakout above this level may pave the way for a potential climb to $1.30.
<img decoding="async" class="aligncenter wp-image-603662 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/11/DEXTools.io_ADA_USD-PAN_2024-11-24_05-28-56.png" alt="Cardano price" width="1319" height="571" srcset="https://insidebitcoins.com/wp-content/uploads/2024/11/DEXTools.io_ADA_USD-PAN_2024-11-24_05-28-56.png 1319w, https://insidebitcoins.com/wp-content/uploads/2024/11/DEXTools.io_ADA_USD-PAN_2024-11-24_05-28-56-300x130.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/11/DEXTools.io_ADA_USD-PAN_2024-11-24_05-28-56-1024x443.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/11/DEXTools.io_ADA_USD-PAN_2024-11-24_05-28-56-768x332.png 768w" sizes="(max-width: 1319px) 100vw, 1319px">
ADAUSD Analysis, Source: Dextools.io
The moving averages confirm the bullish momentum, with the 50-period MA staying well above the 200-period MA. The earlier Moving Average Cross signaled the beginning of the uptrend, marking a strong buy opportunity for traders at the time.
Meanwhile, the MACD remains positive, with the MACD line above the signal line, reflecting continued buying interest. However, the narrowing gap between the two lines indicates bullish momentum may be slowing slightly.
The RSI, currently at 72.58, indicates overbought conditions. While the bullish trend remains intact, a short-term pullback or consolidation is likely as the market digests recent gains.
If the price continues its upward momentum, it could break above $1.20 and target $1.30 in the medium term. However, a pullback may test support levels near $0.95 or $0.83.
Long-term investors could consider accumulating during dips near the 50 MA or 200 MA. The overbought RSI highlights the importance of careful entry and exit points in the current market conditions.
<h2 id="best-crypto-wallet-presale-blasts-past-1-million">Best Crypto Wallet Presale Blasts Past $1 Million</h2>
With the Cardano price holding strong in its bullish trend, investors exploring promising alternatives may consider <a href="https://insidebitcoins.com/visit/bestwalletpresale" rel="noopener noreferrer nofollow">Best Wallet (BEST)</a>, a top-tier non-custodial Web3 crypto wallet that’s just surged past $1 million in presale funds raised.
Best Wallet has been created to simplify crypto management and connect investors to cutting-edge projects, offering a seamless experience.
The wallet includes features like the Best DEX, a decentralized exchange for effortless trading, and plans to launch the Best Card, making crypto spending as easy as swiping a bank card.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 👾 Airdrop Quests = More <a href="https://twitter.com/search?q=%24BEST&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BEST</a>! 💥
 Don’t let your points slip! Complete your daily airdrop quests to stack more <a href="https://twitter.com/search?q=%24BEST&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BEST</a> tokens. 💎
 Start now! 👉 <a href="https://t.co/he5kzra7TY" rel="noopener noreferrer nofollow">https://t.co/he5kzra7TY</a> <a href="https://t.co/93cXL1VC2v" rel="noopener noreferrer nofollow">pic.twitter.com/93cXL1VC2v</a>
 — Best Wallet (@BestWalletHQ) <a href="https://twitter.com/BestWalletHQ/status/1860277144565248104?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 23, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
The app also connects users to cross-chain bridges, offering competitive exchange rates for token swaps.
Also, when converting crypto into fiat, the app supports over 100 currencies, including USD, EUR, and GBP, through trusted partners like Alchemy Pay and MoonPay.
In addition, Best Wallet offers reduced fees, early access to new projects, boosted staking rewards, and airdrops.
<span style="background-color: var(--bs-body-bg); color: var(--bs-body-color); font-family: var(--bs-body-font-family); font-size: var(--bs-body-font-size); font-weight: var(--bs-body-font-weight); text-align: var(--bs-body-text-align);">With its Upcoming Tokens tool feature, users can access the presales of promising crypto projects, opening the doors to early investment opportunities. One of those projects right now, for example, is <a style="background-color: var(--bs-body-bg); font-family: var(--bs-body-font-family); font-size: var(--bs-body-font-size); font-weight: var(--bs-body-font-weight); text-align: var(--bs-body-text-align);" href="https://insidebitcoins.com/visit/pepeunchained" target="_blank" rel="noopener noreferrer nofollow">Pepe Unchained (PEPU)</a><span style="background-color: var(--bs-body-bg); color: var(--bs-body-color); font-family: var(--bs-body-font-family); font-size: var(--bs-body-font-size); font-weight: var(--bs-body-font-weight); text-align: var(--bs-body-text-align);">, one of the most successful presales ever after raising more than $40 million.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 The countdown is on—only 2 days left to join the <a href="https://twitter.com/search?q=%24BEST&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BEST</a> presale at the lowest price! 🚀
 Stages are selling out fast! Join the exclusive presale now before the general sale goes live! ⏰
 Download the app 👉 <a href="https://t.co/he5kzra7TY" rel="noopener noreferrer nofollow">https://t.co/he5kzra7TY</a> <a href="https://t.co/JRRPWXILt3" rel="noopener noreferrer nofollow">pic.twitter.com/JRRPWXILt3</a>
 — Best Wallet (@BestWalletHQ) <a href="https://twitter.com/BestWalletHQ/status/1860322485972930661?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 23, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Investors can buy BEST tokens currently for $0.02272500. With the price set to increase in a little more than a day, buy soon to lock in the best deal.
To join the presale, download the Best Wallet app, use the Upcoming Tokens tool, and secure your BEST tokens.
<a href="https://insidebitcoins.com/visit/bestwalletpresale" rel="noopener noreferrer nofollow">Download the Best Wallet app here.</a>
<h2 id="related-articles">Related Articles</h2>
<ul>
 <li><a href="https://insidebitcoins.com/news/xrp-price-prediction-xrp-pumps-67-in-a-week-as-gary-gensler-plans-sec-exit-while-whales-swoop-on-pepe-unchained-presale" rel="noopener noreferrer nofollow">XRP Pumps As Gensler Plans SEC Exit, Whales Scoop Up Pepe Unchained</a></li>
 <li><a href="https://insidebitcoins.com/news/stellar-price-prediction-xlm-pumps-50-but-experts-say-this-viral-cat-themed-meme-coin-might-be-the-best-crypto-to-buy-now" rel="noopener noreferrer nofollow">Stellar Pumps 50%, But This Rival Is The Best Crypto To Buy Now</a></li>
 <li><a href="https://insidebitcoins.com/news/popcat-mew-and-mog-prices-tumble-as-new-cat-themed-meme-coin-catslap-slap-soars-41-hits-new-ath" rel="noopener noreferrer nofollow">Popcat, MEW, And MOG Tumble As Catslap (SLAP) Soars 41%</a></li>
</ul>

Is It Too Late To Buy ADA? Cardano Price Soars 212% In A Month And This Might Be The Next Crypto To Explode

Table of Contents

Inside Bitcoins

Other articles published on Nov 24, 2024

Shiba Inu Looks Like Dogecoin: If True, Analyst Projects SHIB Next Target

3 Insanely Bullish Coins Set to Rocket in the Coming Weeks

Bitcoin Drives Anticipation for Altcoin Surge

62% of Gen Z is fearful about AI taking their jobs while bosses are least concerned

5 Must-Have Meme Coins To Invest In Today With Massive Potential

XRP Price Prediction For 24 November

Join our free newsletter for daily crypto updates!