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Cardano Price Analysis: ADA Crypto Price Is All Set To Rally For A New High

  • ADA coin price is currently seeing a strong upside momentum and can soon see a new high. It has seen a gain of more than 9% in the past 24 hours.
  • Cardano technical indicators hint towards a strong upside rally in the price for the future. Meanwhile, ADA/BTC pair has seen a gain of more than 7% in the past 24 hours.

ADA crypto price is currently seeing a strong upside momentum and can soon see a new high in the future. Cardano coin price is currently near the value of $2.26 and has seen a gain of more than 11% in the past 24 hours. The hostile region of the coin can be seen near $3. The asset price has recently surpassed above the 50 DMA and is trading above the 50 and 100DMA. The 50 DMA (Red) line is currently near $2.26 making a temporary support zone for the price. Cardano’s price and has an ROI of more than 6400% which has benefitted various levels. The upside momentum of ADA can push the price to a new high. One can forecast strong gains in the future

ADA token market dominance along with the market cap is seeing a strong recovery and can soon see a new high in the future. The volume of ADA along with the market cap can soon see a new surge. The volume to market capitalization ratio of the asset hints towards a strong momentum for the future.

Bulls Of ADA Crypto Price Is Ready To See A Strong Rally

Source: Trading view

Cardano’s price is currently seeing a strong rally in the weekly chart and can soon see a new high. ADA coin price is also observing a rally in the daily chart. If the price breaks above $2.5, a strong rally can be seen.  The ADA/BTC pair can also see a new high in the future.

The volume indicator of the Cardano is also seeing a strong surge and can soon rally to a new high. If the price jumps  $2.5 then a strong bullish rally can be seen.

Conclusion

ADA coin prices can see a breakout to a new high in the future.  Cardano can soon revert to the uptrend in future

Technical Levels

Major Resistance:$2.5

Major Support: $1.5

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Adarsh Singh: Adarsh singh is an Stock market and financial market advisor trader with background in Engineering. He specialises in Technical Analysis while possessing strong computational skills.