Cardano

bullish

Story

Drops

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  <h3 class="wp-block-heading the-subtitle" id="story-highlights">Story Highlights</h3>   
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   <li>Cardano's price fails to hold its $1 mark.</li>   
   <li>The ADA price records a strong bearish reversal and drops ~14% today.</li>   
   <li>Technical indicators experience a bearish convergence, however, a potential bullish reversal can be expected.</li> 
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  <p>The cryptocurrency market has turned bearish this week with top tokens recording a significant drop in their respective portfolios. Moreover, with Bitcoin price dropping ~6%, the Cardano price has plunged below its $1 mark.</p>   
  <p>With the ADA price maintaining its value above the $0.90 mark, will it make a comeback this week? Or will the altcoin plunge toward its lower support levels?</p>   
  <h2 class="wp-block-heading" id="h-ada-price-breaks-down-its-1-mark">ADA Price Breaks Down Its $1 Mark!</h2>   
  <p>The Cardano price has recorded a correction of 13.82% in 24 hours with a trading volume of $3.224 billion. This has resulted in this altcoin plunging below its important psychological barrier of $1 this week. Moreover, it is currently exchanging hands at $0.9139.</p>   
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   <img src="https://image.coinpedia.org/wp-content/uploads/2024/11/26221048/Cardano-Price-Analysis-26th-November-2024-1024x541.webp" alt="ADA Price Breaks Down Its $1 Mark!" class="wp-image-385769">
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    TradingView: ADA/USDT
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  <p>The SMA indicator is on the verge of experiencing a bearish convergence in the 1D time frame. This indicates an increase in the selling-over-buying pressure in the cryptocurrency market.</p>   
  <p>Further, the Relative Strength Index (RSI) hints at a potential plunge below the overbought range. Moreover, its average trendline displays a similar price trend. This suggests a negative outlook for the altcoin this week.</p>   
  <h2 class="wp-block-heading" id="h-how-high-can-ada-price-go">How High Can ADA Price Go?</h2>   
  <p>If the bears continue maintaining momentum, the Cardano token will retest its support level of $0.90. Further, if the bearish sentiment intensifies, this could pull the ADA coin price toward its lower support level of $0.80 in the upcoming time.</p>   
  <p>On the positive side, if a bullish trend reversal occurs, the Cardano price could reclaim the psychological mark of $1. Moreover, if the bulls gain momentum, this altcoin could head toward its upper resistance level of $1.20.</p>   
  <p>What’s next for the ADA token as it achieves the $1 mark? Read CoinPedia’s <a href="https://coinpedia.org/price-prediction/cardano-price-prediction/" target="_blank" rel="noreferrer noopener">Cardano Price Prediction</a> and also subscribe to us to stay updated on the latest crypto-related news!</p>   
  <h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
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    <strong class="schema-faq-question"><strong>What is the price prediction for Cardano in 2025?</strong></strong> 
    <p class="schema-faq-answer">With the current price volatility, the ADA token could surpass the $2 mark with a potential high of $2.42.</p> 
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   <div class="schema-faq-section" id="faq-question-1732639055164">
    <strong class="schema-faq-question"><strong>What price will ADA be in 5 years?</strong></strong> 
    <p class="schema-faq-answer">If the adoption process of this technology intensifies, this could push the Cardano price toward its high of $7.79.</p> 
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   <div class="schema-faq-section" id="faq-question-1732639055915">
    <strong class="schema-faq-question"><strong>Will Cardano hit $2?</strong></strong> 
    <p class="schema-faq-answer">The ADA coin may achieve this target price in 2025.</p> 
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Cardano Price Drops Below $1: Can ADA Reclaim Its Momentum?

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