Cardano

Bitcoin

Resistance

<p>Cardano (ADA) is <a href="https://coinpedia.org/news/crypto-news-today-nov-29-2024-bitcoin-at-96k-xrp-surges-amid-lawsuit-movements/" target="_blank" rel="noreferrer noopener">currently trading above the $1 mark</a> and has drifted into the green zone at the time of writing. Up by more than six percent, ADA is now eyeing levels above $1.50. The general market sentiment has also turned green, with Bitcoin trading above the $96k level. Apart from ADA, XRP has also rallied, up by more than ten percent. Here’s an ADA price breakdown by analyst Josh of Crypto World:&nbsp;</p>   
<h2 class="wp-block-heading" id="h-current-resistance-zone"><strong>Current Resistance Zone</strong></h2>   
<p>Cardano's price remains below a significant resistance range, located between $1.13 and $1.23. This area has previously caused a rejection, and until a breakout occurs above this zone, it’s expected to continue acting as strong resistance.</p>   
<h3 class="wp-block-heading" id="h-potential-breakout-and-price-target"><strong>Potential Breakout and Price Target</strong></h3>   
<p>If Cardano breaks above the $1.23 mark, the next major resistance level sits at around $1.76, based on Fibonacci analysis. A confirmed breakout could lead to a price surge, with $1.76 being the next major target.</p>   
<h3 class="wp-block-heading" id="h-support-levels-nbsp"><strong>Support Levels</strong>&nbsp;</h3>   
<p>On the downside, Cardano has several support levels to monitor. The first key support is the 50% retracement level around $0.83 to $0.84. Additional short-term support levels are at $0.98 to $0.99 and further down at $0.94. If the price dips below these levels, support around $0.88 to $0.90 could hold.</p>   
<p class="has-background" style="background-color:#e9f0ff"><strong>Wondering where Cardano is headed? Read our long term <a href="https://coinpedia.org/price-prediction/cardano-price-prediction/" target="_blank" rel="noreferrer noopener">Cardano price prediction</a> to discover its potential for significant growth and breakout opportunities!</strong></p>   
<h3 class="wp-block-heading" id="h-inverse-head-and-shoulders-pattern-formation"><strong>Inverse Head and Shoulders Pattern Formation:</strong></h3>   
<p>An inverse head and shoulders pattern may be forming, but it’s not yet confirmed. For confirmation, Cardano’s price would need to break above the neckline around $1.13. If this happens, the short-term price target could be $1.20, suggesting a potential 16% upside move.</p>   
<h3 class="wp-block-heading" id="h-warning-on-resistance"><strong>Warning on Resistance</strong></h3>   
<p>Even if the breakout occurs, Cardano would still face resistance at the key $1.23 area, so traders should remain cautious.</p>   
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1732878276997">
  <strong class="schema-faq-question"><strong><strong>How high will Cardano go by the end of 2024?</strong></strong></strong> 
  <p class="schema-faq-answer">The price of ADA could surge to a maximum of&nbsp;<strong>$1</strong>&nbsp;by the end of 2024.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1732878287530">
  <strong class="schema-faq-question"><strong><strong>Is Cardano a good investment in 2024, amidst newer higher-performing entrants?</strong></strong></strong> 
  <p class="schema-faq-answer">Cardano is an underrated investment and has a high chance of performing in the next couple of years, considering the plethora of applications.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1732878304978">
  <strong class="schema-faq-question"><strong><strong>Can Cardano overtake Ethereum?</strong></strong></strong> 
  <p class="schema-faq-answer">Even the most bullish of Cardano supporters acknowledge that Cardano will only potentially surpass Ethereum within 8 to 10 years</p> 
 </div> 
</div>

Cardano (ADA) Price Prediction For November 29

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