Cardano

bullish

April

Status

Cardano (ADA) has experienced a significant surge in its price, skyrocketing by 211% over the past month. 
This increase has allowed ADA to surpass the $1.00 mark for the first time since April of 2022, marking a notable recovery in its value. 
Cardano (ADA), currently the ninth largest cryptocurrency by market capitalization, has experienced a significant increase of 211% in November, according to CoinGecko data. 
The price of ADA has risen steadily since November 5, finally surpassing the $1.00 mark on November 22 for the first time since April 2022. 
At its peak, the price reached $1.15 during Saturday’s trading session, but faced some resistance. 
Several factors have contributed to this price surge, including heightened activity from large investors (whales) and a generally positive market sentiment. 
On November 22, crypto analyst Ali Martinez noted that the volume of major Cardano transactions exceeded $22 billion daily. 
Indicating strong accumulation by whales who have increased their holdings significantly over the past month. 
The overall cryptocurrency market is experiencing a bullish trend, with Bitcoin nearing the $100,000 mark, which has positively influenced altcoins like Cardano. 
However, at the time of <a href="https://u.today/cardano-ada-rockets-211-in-price-whats-on-horizon" target="_blank" rel="noreferrer noopener">reporting</a>, ADA’s price had dipped by 11.26% to $0.978 due to profit-taking among traders. 
Despite this recent decline, ADA’s price remains 36% higher on a weekly basis. 
If it can maintain above $0.80, this level may act as a support, potentially leading to a return above $1. 
Conversely, if the price falls below $0.80, it could drop further to around $0.63. 
ADA is currently trading at $1.02. 
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Also Read:&nbsp;<a href="https://franknez.com/cardano-has-now-achieved-the-a-status/">Cardano Has Now Achieved The “A” Status</a> 
The post <a href="https://franknez.com/cardano-has-experienced-a-significant-surge-in-its-price/">Cardano Has Experienced A Significant Surge In Its Price</a> appeared first on <a href="https://franknez.com">Daily Market News 🗞️</a>.

Cardano Has Experienced A Significant Surge In Its Price

FrankNez

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