Cardano

bullish

Coin

<ul class="wp-block-list news-points"> 
 <li>Cardano struggles near $0.90 support, but RSI hints at potential price rebound.</li> 
 <li>Increased trading volume signals investor activity despite bearish ADA price action.</li> 
 <li>Breaking $1.10 resistance could mark bullish momentum for Cardano in 2024.</li> 
</ul> 
Cardano (ADA) is mirroring its 2020 trends, prompting discussions about possible bullish targets between $4 and $6. Despite recent struggles, ADA’s historical patterns and technical indicators suggest a potential turnaround. 
At press time, Cardano trades at <a href="https://coinmarketcap.com/currencies/cardano/" target="_blank" rel="nofollow">$0.9555</a>, reflecting a sharp 14.7% decline over the past 24 hours. This increased market activity, marked by a 104.94% spike in trading volume, highlights significant investor engagement during the sell-off. Key support and resistance levels, along with technical signals like RSI and MACD, will play a critical role in shaping ADA’s short-term trajectory. 
<h2 class="wp-block-heading" id="h-steep-drop-raises-investor-caution">Steep Drop Raises Investor Caution</h2> 
<a href="https://coinedition.com/cardanos-ada-gains-12-as-investors-eye-etf-potential-and-3-target/?utm_source=telegram_channel&amp;utm_medium=referral">Cardano</a> has seen a steep drop from its recent high of $1.20 to $0.9555, due to strong selling pressure, significantly reducing its market capitalization and denting investor confidence. 
 
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 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXd3o1Z_jv44awwGEYGoYhvqLPBdTKjVwAuOsC4WUbhIMrXyM6Hr992bXF-ZI0JPeW1ecMWTDUTv6P9AhnD71L8ik-JbtxBy2uMIvpe5Gur4FKJkp5jwAnEiZWy0_5DMI1E6wZFY?key=Nyw6AMAnrJwV0t8uHBBl0aCB" alt="" style="width: 100%;height:auto">
 <figcaption class="wp-element-caption">
 Source: Coinmarketcap
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 </figure>
</div> 
Despite this bearish trend, the price could find immediate supp…
The post <a href="https://coinedition.com/cardano-mirrors-2020-trends-is-a-4-to-6-bullish-surge-possible/">Cardano Mirrors 2020 Trends: Is a $4 to $6 Bullish Surge Possible?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Cardano Mirrors 2020 Trends: Is a $4 to $6 Bullish Surge Possible?

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