The post Cardano (ADA) in Epic Rally Phase as Bulls Fight to Breach $1 appeared on BitcoinEthereumNews.com.

Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Cardano (ADA) remains in an uptrend as the digital currency sets a new pace for a pathway toward the $1 price target. Undoubtedly, the market is overheated. However, several analysts are optimistic that the price of Cardano will keep soaring and might hit the $1 level soon. Cardano price and bull advantage At the time of writing, the price of Cardano was changing hands for $0.8426, up by 13.83% per data from CoinMarketCap. This price boom has positioned ADA as the highest gainer in the past 24 hours.  ADA 1D Price Chart. Source: CoinMarketCap Related Cardano’s growth is boosted by sustained bull action, which has pushed the daily trading volume to $2.96 billion, up 77.53% in 24 hours. Earlier, Cardano scored its first golden cross for the year, proving the uptrend is imminent. This ambitious rally in ADA’s price stems from its daily low of $0.7238 to a high of $0.8466. The coin’s price has broken very tiny resistances within this tight range, especially at the $0.80 level. The ecosystem hype is high, with Cardano social mentions growing very fast. The price may respond to these sentiments; however, the tiny distance to the $1 mark might be an intense sell-off if old, profitable ADA holders choose to cash out their holdings. Cardano whales might make difference Cardano has the…

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Filed under: News - @ November 20, 2024 2:26 pm