Turn Your $100 USDT into $3,000 USDT, Confirmed 30X Profit from AIG #MEME Token. 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30. Pre-Sale Is Live, Join the Pre-sale and Airdrop at the Official Website ➯PlayAiGames.online

The post Cardano Price Prediction For November 21: 43% ADA Rally on Cards Today appeared first on Coinpedia Fintech News
Cardano’s ADA has shown impressive performance, up by 35 percent in the last seven days. The altcoin is currently trading near the $0.77 levels and analysts predict that ADA will soon hit the $1 mark.
According to analyst Josh of Crypto World, Cardano is facing resistance at the 50% Fibonacci retracement level, located between $0.82 and $0.83 on the weekly chart. This is an important level to watch, as it may limit short-term price movement. However, a confirmed breakout above $0.83, supported by strong candle closes, could push the price toward higher targets.
Bullish Breakout Potential
Once Cardano breaks above $0.83, the next major target lies between $1.12 and $1.23, marked by the golden pocket zone. This range is a key price area for further upward movement. The larger trend remains bullish, with Cardano forming higher highs and higher lows, hinting at an ongoing momentum.
Short-Term Price Pattern
ADA is forming a bullish continuation pattern known as a symmetrical or horizontal triangle. This pattern suggests the price could continue rising after breaking out. The price target for this pattern is approximately $0.85, and a larger breakout could see a 30% to 43% gain, with a potential move to $1.18.
However, a confirmed breakout above $0.83 would be necessary to move towards these higher price targets, and any failure to break this resistance could lead to a short-term pullback.
Cardano vs. Bitcoin
Looking at the Cardano/Bitcoin (ADA/BTC) chart, Cardano has recently outperformed Bitcoin, showing strong bullish momentum. The ADA/BTC chart is bouncing off a key support level, which has historically been followed by significant bullish moves. The last time this occurred was in late 2019 and early 2021, leading to major rallies.
Bullish Divergence
A bullish divergence is forming on the ADA/BTC chart, signaling the potential end of a long bear market against Bitcoin. To confirm that Cardano is indeed entering a new bull market, we need to see either a higher low or higher high on the chart.
#Cardano #ADA #Altcoins #CryptoNews

$ADA

Is Cardano (ADA) ready to soar to new heights?
The recent formation of a Golden Cross on the daily chart has ignited excitement among ADA enthusiasts. This bullish technical indicator suggests that a significant upward trend may be on the horizon.
What is a Golden Cross?
A Golden Cross occurs when the 50-day moving average (MA) crosses above the 200-day MA. This crossover is often seen as a bullish signal, indicating that the long-term trend is turning positive.
Why is this significant for ADA?
* Previous Success: The last time ADA formed a Golden Cross was a year ago, and it led to a substantial price increase.
* Breaking Resistance: The current price is testing a key resistance level near $0.80. A successful break above this level could open the door for further upside.
* Fibonacci Extension: The $1.40 target aligns with the 2.0 Fibonacci extension, which is a commonly used technical analysis tool to identify potential price targets.
What to Watch For:
* Confirmation of the Breakout: A daily candle close above the $0.80 resistance level would confirm the bullish breakout.
* Volume: Increased trading volume during the breakout would further strengthen the bullish momentum.
* Market Sentiment: Positive market sentiment and overall bullish trends in the cryptocurrency market could also contribute to ADA's upward trajectory.
Potential Risks:
* Market Volatility: The cryptocurrency market is highly volatile, and sudden price swings can occur.
* Regulatory Uncertainty: Changes in regulatory policies can impact the price of cryptocurrencies.
* Economic Factors: Global economic conditions can influence the overall market sentiment.
Remember:
* Do Your Own Research: This analysis is not financial advice. Please conduct your own research before making any investment decisions.
* Risk Management: Always use stop-loss orders to limit potential losses.
* Diversification: Spread your investments across various assets to reduce risk.
Let's keep a close eye on ADA and see if it can deliver on its bullish potential!
Please share your thoughts and predictions in the comments below.
#ADA #Cardano #Trading #Investing

Imagine a world where Cardano (ADA) becomes the backbone of a decentralized financial system. What if ADA isn’t just a cryptocurrency but the foundation of real-world solutions in finance, governance, and sustainability? Is that too far-fetched, or are we closer than we think?
Cardano has always been a project with grand ambitions. Built on a foundation of research and peer-reviewed technology, it aims to solve the issues of scalability, sustainability, and interoperability in blockchain. But here’s the question: is it fulfilling its potential, and what does the future hold for ADA?
What’s Happening with ADA Today?
As of November 20, 2024, ADA is trading at approximately $0.737812, reflecting a slight decrease in the last 24 hours. The Cardano network has been steadily growing, with a focus on smart contracts, DeFi projects, and partnerships across industries. The recent introduction of Hydra, a scaling solution, aims to handle thousands of transactions per second, solidifying Cardano’s position as a blockchain for global adoption.
But here’s the twist: unlike many other cryptocurrencies, ADA’s progress isn’t fueled by hype. It’s built on meticulous planning, academic research, and a step-by-step approach to innovation.
What Could Happen if ADA Reaches Its Goals?
Let’s take a leap: What if Cardano truly delivers on its promises? What if its ecosystem grows to rival Ethereum or Solana in terms of dApps and transactions? Here’s what the world might look like:
1. Financial Inclusion: Cardano’s focus on developing nations, particularly in Africa, could bring banking services to millions of unbanked individuals. ADA wouldn’t just be a cryptocurrency; it’d be a lifeline for economic empowerment.
2. Global Transactions: Imagine ADA being the standard for cross-border payments—fast, cheap, and accessible. It could rival traditional systems like SWIFT and even outperform existing crypto competitors.
3. Sustainability: Cardano’s proof-of-stake model is already one of the most energy-efficient in the crypto world. What if ADA becomes the poster child for sustainable blockchain technology?
What’s the Catch?
But here’s the flip side: what if Cardano doesn’t meet expectations? The crypto space is highly competitive, and projects like Ethereum, Solana, and others are innovating rapidly. For ADA to succeed, it needs to attract developers, expand its use cases, and maintain momentum in a space that never stands still.
In my opinion, the key to Cardano’s success lies in its ability to balance vision with execution. The groundwork has been laid, but the next few years will determine whether ADA becomes a cornerstone of Web3 or just another ambitious project.
💬 What’s your take on ADA? Do you see it leading the charge for decentralized solutions, or is it overhyped? Let’s discuss in the comments! 🚀

#Cardano #ADA #Debata2024

Turn Your $100 USDT into $3,000 USDT, Confirmed 30X Profit from AIG #MEME Token. 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30. Pre-Sale Is Live, Join the Pre-sale and Airdrop at the Official Website ➯PlayAiGames.online

The Cardano price was stuck within an extremely sluggish range, being unimpacted by the growing market sentiments.
However, the latest price action of over 13% since the early trading hours suggests the bulls have gained momentum, which may keep the rally elevated.
The recent change in technicals suggests the market participants remain uncertain about the next price action. Ever since the crypto markets broke out in the first week of the month, the active address count surged from around 23.69K to as high as 88.2K within a week.
Unfortunately, the levels dropped extensively, failing to regain the previous highs and forming consecutive lower highs and lows.
While the market participants appear to remain indecisive, the whales seem to be confident since the start of Q4, 2024.
As a result, the wallets holding over $10 million in ADA have been constantly accumulating ADA over the past month, as suggested by a popular analyst, Ali.
On the other hand, the volume of large Cardano transactions has increased by close to 300% in the past two weeks, reaching $22.6 billion.
With the growing market sentiments, can the bulls push the price beyond $1 this month as the bears continue to remain largely vigilant?
The weekly chart of ADA suggests the price has just risen above the bearish influence as the Ichikomu cloud displays an end of the selling pressure.
Therefore, the price is believed to breach the resistance zone between $0.766 and $0.87, but the DMI raises some concerns. After the bullish crossover, the +Di has initiated a bearish divergence, suggesting weakness of the bulls.
Therefore, the Cardano price may continue to trade higher until and unless it sticks within the resistance zone.
Moreover, a weekly close above these levels may trigger a fresh bullish wave, which could elevate the levels beyond $1. Collectively, both Bitcoin & Cardano are sitting comfortably above the parabolic line, and this is the zone where the token’s volatility increases with explosive gains.
Besides, Cardano’s Total Value Locked (TVL) breaks ATH after Charles Hoskinson becomes the icon of hope for crypto regulations and Bitcoin DeFi.
#Cardano #ADA #Altcoinseason2024 #CryptoNews

Bloomberg highlights Cardano’s incredible post-election performance and identifies the potential reason behind this surge. 

Read more on: https://thecryptobasic.com/2024/11/21/bloomberg-reveals-why-cardano-is-surging-as-ada-outperforms-btc-with-100-gains/
#Cardano #Crypto #CryptoNewsDaddy #CryptoNews🚀🔥" #CryptoNewsUSA

Will Cardano (ADA) reach $1 following its breakout above the key Fibonacci level of $0.776, with an intraday surge signaling a potential moonshot?

Read more on: https://thecryptobasic.com/2024/11/20/is-cardano-1-rally-now-on-cards-after-this-massive-breakout/
#Cardano #Crypto #CryptoNews” #CryptoNewssCommunity

Turn Your $100 USDT into $3,000 USDT, Confirmed 30X Profit from AIG #MEME Token. 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30. Pre-Sale Is Live, Join the Pre-sale and Airdrop at the Official Website ➯PlayAiGames.online

Cardano (ADA), with 125% of the rally in the past two weeks, is poised to continue its upward momentum in the coming days. With its strong bullish price action, and if the overall market sentiment supports it, there is a strong possibility of notable gains for ADA holders.
Cardano (ADA) Technical Analysis and Upcoming Level:Based on the daily chart, ADA appears to be consolidating near a crucial resistance level of $0.77 over the past four trading days.
Historically, whenever the ADA price consolidates near a key level, it tends to rally significantly. This time, traders and investors similarly anticipate strong momentum in the coming days.
Recent data and price action highlight that if ADA breaks out of its ongoing consolidation and closes a daily candle above the $0.78 level, it could surge by 30%, potentially reaching $0.98 or even $1 in the coming days.
Currently, ADA is trading above the 200 Exponential Moving Average (EMA) on the daily timeframe, indicating an uptrend. However, its Relative Strength Index (RSI) signals a potential price correction or decline, as its value of 80.15 is in overbought territory.
Despite this, the sentiment around ADA remains strongly bullish, suggesting the asset could breach this level quickly.
Bullish On-Chain Metrics:Besides technical analysis, on-chain metrics further support the asset’s bullish outlook. According to on-chain analytics firm Coinglass, ADA’s open interest (OI) has increased by 5.90% in the past four hours and 3.80% in the past hour.
This notable rise in OI indicates heightened trader activity, signaling aggressive participation amid a bullish sentiment.
Additionally, ADA’s long/short ratio currently stands at 1.056, reflecting a strong bullish sentiment among traders.
At press time, ADA is trading near $0.76 and has gained over 4.12% in the past 24 hours. However, during the same period, its trading volume dropped by 27%, indicating lower participation from traders and investors.

#Cardano #ADA #Altcoins #CryptoNews