Cardano

<p>Cardano (ADA) price has entered back into the spotlight. The cryptocurrency recently reclaimed the crucial $1 mark, rising by 193% since the start of November. It has tripled in value from early November lows, sparking excitement among traders. Now, investors are eyeing the next major price move.</p> 
<p>ADA price is now firmly above $1. According to CoinGecko data, ADA’s 24-hour trading volume reached approximately $2.48 billion, indicating strong market participation and a healthy interest in the cryptocurrency.</p> 
<p>The rising price and increasing trading volumes are signaling a potentially sustainable bull run, with bullish technical patterns and growing whale activity contributing to the upward momentum.</p> 
<p>Since early November, ADA has gained 193%. At its peak, it reached $1.03, marking a major milestone. This surge has renewed interest in the coin and drawn attention from both retail and institutional investors.</p> 
<h2 class="wp-block-heading" id="h-whale-activity-drives-ada-price-surge"><strong>Whale Activity Drives ADA Price Surge</strong></h2> 
<p>Major investors, known as&nbsp;<a href="https://www.thecoinrepublic.com/2024/11/27/whales-buy-as-cardano-price-turns-bullish/">whales, have played a key role in ADA</a> price’s&nbsp;recent surge. According to analyst Ali Martinez, these whales purchased over 130 million ADA tokens in November.</p> 
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  <img loading="lazy" decoding="async" width="450" height="355" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/Source-Ali-Martinez-X.png" alt="Source:&nbsp;Ali Martinez X" class="wp-image-857942" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/Source-Ali-Martinez-X.png 450w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/Source-Ali-Martinez-X-300x237.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/Source-Ali-Martinez-X-150x118.png 150w" sizes="auto, (max-width: 450px) 100vw, 450px">
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   Source:&nbsp;Ali Martinez X
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<p>Their actions helped establish key support levels between $0.83 and $0.85. As these large holders increased their positions, the price of ADA price began to rise, pushing it above $1.</p> 
<p>This whale activity shows that major players believe in ADA’s future potential. Their buying spree has helped set the stage for the recent price gains.</p> 
<p>Traders are now watching key price levels. Using Fibonacci analysis, analysts suggest ADA price could target $2.45 next, which lines up with the 1.618 Fibonacci level. If ADA price breaks through this level, it could reach $8.30, the next major target.</p> 
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  <img loading="lazy" decoding="async" width="448" height="542" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/Source@VipRoseTr-X.png" alt="Source: VipRoseTr X" class="wp-image-857937" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/Source@VipRoseTr-X.png 448w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/Source@VipRoseTr-X-248x300.png 248w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/Source@VipRoseTr-X-150x181.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/Source@VipRoseTr-X-300x363.png 300w" sizes="auto, (max-width: 448px) 100vw, 448px">
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   <em>Source: VipRoseTr X</em>
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<p>In the short term, there are resistance levels at $1.16, $1.37, and $1.54. These levels could act as barriers, but if ADA maintains its momentum, it may break through them.</p> 
<h2 class="wp-block-heading" id="h-growing-cardano-momentum"><strong>Growing Cardano Momentum</strong></h2> 
<p>ADA’s recent performance shows growing momentum. Trading volumes continue to rise, with $2.98 billion in 24-hour volume.</p> 
<p>This indicates strong market interest in ADA price. The coin’s price has been moving in a clear upward direction, supported by both retail traders and institutional investors.</p> 
<p>Support levels are holding strong, which could help ADA continue its climb. The market is still volatile, but ADA looks well-positioned for further gains if the bullish trend holds.</p> 
<p>With ADA back above $1, there’s renewed optimism among investors. Whale activity and technical indicators suggest that the coin could continue its rise. However, market conditions are always unpredictable.</p> 
<p>While the Fibonacci levels suggest higher targets, no one can say for sure&nbsp;<a href="https://www.thecoinrepublic.com/2024/11/25/whats-next-for-cardano-after-ada-price-surge-past-1/">where ADA will go next.</a>&nbsp;For now, bulls are in control, and Cardano is on the move.</p> 
<h2 class="wp-block-heading" id="h-cardano-enters-elite-crypto-rankings-with-a-rating"><strong>Cardano Enters Elite Crypto Rankings with “A” Rating</strong></h2> 
<p>Weiss Crypto has&nbsp;<a href="https://x.com/WeissCrypto/status/1860019245909966987">upgraded</a>&nbsp;Cardano to an “A-” rating, placing it among the top-rated digital assets alongside Bitcoin and Ethereum. This recognition highlights Cardano’s advancements in adoption, technology, and market performance.</p> 
<p>The firm’s rating system, which divides the “A” category into “A+,” “A,” and “A-,” now includes Cardano in its lowest tier, reflecting strong but evolving potential. Ethereum also holds an “A-,” while Bitcoin leads with a full “A” and a “strong buy” recommendation.</p> 
<p>The upgrade underscores Cardano’s growing influence in the cryptocurrency ecosystem, affirming its position as a key player in the market.</p> 
<p>The post <a href="https://www.thecoinrepublic.com/2024/11/29/cardano-enters-a-rating-with-ada-price-up-3x-since-november-start/">Cardano Enters “A” Rating with ADA Price Up 3x Since November Start</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

Cardano Enters “A” Rating with ADA Price Up 3x Since November Start

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