The post Cardano (ADA) Price Analysis: Will ADA Price Continue To Surge? appeared on BitcoinEthereumNews.com.

Cardano (ADA) remains a significant player in the cryptocurrency space, consistently making waves with its innovations and strong community support. Despite recent market fluctuations, ADA price is maintaining positive momentum, with several upcoming events likely to influence its trajectory. This ADA technical analysis dives into Cardano current performance, price levels, and future potential, especially in light of Charles Hoskinson’s upcoming meeting with Argentina’s President. Cardano (ADA) Price Performance Cardano price currently stands at $0.38, with a market cap of $13.35 billion and a 24-hour trading volume of $357.15 million. The coin has been fluctuating, with a 3.04% drop from its 30-day peak but a notable recovery, up 4.52% from its 7-day high. More impressively, ADA has surged 25.37% from recent lows, signaling growing confidence and deliberate accumulation by long-term investors. By TradingView – ADAUSD_2024-09-25 Cardano Key Levels of Support and Resistance Resistance Levels: $0.39, $0.41, $0.45 Support Levels: $0.37, $0.35, $0.33 In the last 24 hours, ADA/USD dropped by 1.80%. Despite this, the price is hovering near a resistance level of $0.39 within the Keltner Channel. A breakout above this point could push ADA toward $0.41 and $0.45. The MACD indicator suggests bullish momentum, reinforcing the positive outlook. On the downside, immediate support can be found at $0.37. If ADA drops below this, further support is positioned at $0.35 and $0.33. A break beneath these levels could indicate a shift in market sentiment, but the overall trajectory remains optimistic. By TradingView – ADAUSD_2024-09-25 (5D) How Argentina CBDC Could Impact Cardano The excitement surrounding Cardano has been fueled by the anticipated meeting between Charles Hoskinson and Argentina’s President, Javier Milei, who is pro-crypto. Speculation around the introduction of a central bank digital currency (CBDC) in Argentina, along with the nation’s existing blockchain initiatives, has increased optimism in the Cardano community. Hoskinson…

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Filed under: News - @ September 25, 2024 2:28 pm