Based

Cardano

bullish

Bitcoin

<p>Inching closer to the $97,000 mark, the bullish trend in Bitcoin is driving the altcoin rally. Amid the re-found bullish momentum, the Cardano price has reclaimed the $1 psychological mark and has surged nearly 10% over the past 24 hours.&nbsp;</p>   
<p>Will this bullish trend result in an extended 16% rally in Cardano today? Let's find out in our latest Cardano ADA price prediction.</p>   
<h2 class="wp-block-heading" id="h-cardano-price-analysis">Cardano Price Analysis</h2>   
<p>In the 4-hour chart, the Cardano price trend showcases an inverted head-and-shoulder breakout rally, with the price surge of 2.29% in the last four hours. The Cardano price trend is sustaining its dominance above its $1.01 psychological mark.</p>   
<figure class="wp-block-image size-large">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/11/29165858/image-33-1024x472.webp" alt="Cardano Price Chart" class="wp-image-387074">
</figure>   
<p><a href="https://www.tradingview.com/x/Ss1vbOzi/" target="_blank" rel="noreferrer noopener">Tradingview</a></p>   
<p>Despite the short-term increased volatility, the ADA price trend has surpassed the neckline at $1.048. Currently, it is trading at $1.070. This marks the fourth consecutive bullish candle over the past 20 hours.&nbsp;</p>   
<p>The bullish recovery run is heading towards the 1.104 immediate resistance levels.&nbsp;</p>   
<h3 class="wp-block-heading" id="h-technical-indicators">Technical Indicators:</h3>   
<p><strong>EMA</strong>: The long-coming uptrend in the crucial EMA lines in the 4-hour chart reflects the bullish dominance.&nbsp;</p>   
<p><strong>RSI</strong>: The 4-hour RSI line is inching closer towards the overbought boundary line and supports the breakout rally. The ongoing recovery is projecting a new 52-week high in the next four hours.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-will-cardano-hit-1-247">Will Cardano Hit $1.247?</h2>   
<p>Based on the Fibonacci levels, the breakout of the 100% Fibonacci level at $1.105 will put the 1.272 and 1.618 Fibonacci levels as the next price targets. These levels are at $1.168 and $1.247. Hence, in the next 24 hours, the Cardano price trend showcases an upside potential of 16%.&nbsp;</p>   
<p>On the flip side, in case of a bearish turnaround, the altcoin could retest the local rising support trend line near $0.989. Hence, the downside risk at the current market price remains 7.80%.</p>   
<p>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;</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-1732879636026">
  <strong class="schema-faq-question"><strong>What is the current price of Cardano (ADA)?</strong></strong> 
  <p class="schema-faq-answer">Cardano is trading at $1.070, following a 10% surge in the last 24 hours.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1732879653242">
  <strong class="schema-faq-question"><strong>Can ADA hit $1.247 today?</strong></strong> 
  <p class="schema-faq-answer">ADA shows a 16% upside potential, and breaking $1.105 could pave the way to $1.247.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1732879653433">
  <strong class="schema-faq-question"><strong>What is the downside risk for ADA?</strong></strong> 
  <p class="schema-faq-answer">ADA faces a 7.8% downside risk, potentially retesting $0.989 in case of a bearish turnaround.</p> 
 </div> 
</div>

Cardano (ADA) Price Prediction (Nov 29th): Bulls Target $1.247

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