Cardano

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/can-cardano-price-hit-4-soon" data-wpel-link="internal" rel="noopener noreferrer nofollow">Can Cardano Price Hit $4 Soon?</a><br></p>
<p style="text-align: justify">The recent decline of Cardano’s price below the $1 mark has ignited conversations in the cryptocurrency sector. As traders await significant economic announcements, a notable financial expert believes that ADA could rebound to $4 if it successfully maintains key support levels.</p>
<h2 id="what-does-expert-ali-martinez-suggest">What Does Expert Ali Martinez Suggest?</h2>
<p style="text-align: justify">In the past day, the crypto market witnessed a wave of sell-offs, totaling around $1.76 billion in liquidations. This widespread selling pressure has impacted many cryptocurrencies, particularly <a href="https://en.bitcoinhaber.net/bitcoins-price-dynamics-analyzing-market-indicators-and-whale-activity" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> and its prominent altcoins. Cardano itself suffered approximately a 10% drop during this turbulent period.</p>
<h2 id="will-cardano-maintain-its-support-levels">Will Cardano Maintain Its Support Levels?</h2>
<p style="text-align: justify">Currently, Cardano trades close to $1.01, reflecting a significant 10% decrease. Despite this, trading activity surged by 122%, with volumes hitting $3.88 billion. The cryptocurrency reached a 24-hour peak of $1.15, indicating a 75% increase over the last month.</p>
<p style="text-align: justify">Martinez highlighted that Cardano has fallen below its essential support level of $1.20, where about 93,000 addresses hold 2.54 billion ADA. The next significant demand area is identified at $1.</p>
<p style="text-align: justify">Recent market jitters were exacerbated by a security breach involving the Cardano Foundation’s X account, where fraudsters circulated a dubious <a href="https://en.bitcoinhaber.net/floki-inus-market-surge-and-predictions" data-wpel-link="internal" rel="noopener noreferrer nofollow">token</a> claiming ADA withdrawals would be halted. In response, the team swiftly worked to regain investor trust.</p>
<ul>
 <li>ADA could potentially rally to $2 if it remains above $0.644.</li>
 <li>Expert predictions point to a possible increase in value if support levels hold.</li>
 <li>Market data indicates strong trading volume, suggesting ongoing interest.</li>
</ul>
<p style="text-align: justify">Cardano’s recent price fluctuations, coupled with optimistic market insights, suggest a potential for upward momentum. If ADA can hold onto crucial support levels, expectations for significant price gains in the near term appear promising.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/can-cardano-price-hit-4-soon" data-wpel-link="internal" rel="noopener noreferrer nofollow">Can Cardano Price Hit $4 Soon?</a></h5>

Can Cardano Price Hit $4 Soon?

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