Cardano Analysis and Prediction 📊

💳 Cardano surged to $0.76 on March 2nd amidst the altcoin market's upward trend, marking a 21.89% increase in the past week. Ripple also reclaimed $0.62 with a similar performance. However, ADA faced a 1.98% drop in the last 24 hours, encountering resistance at $0.69.

📊 Analysis shows EMA 9 crossing above EMA 20, signaling an upward trend. Watch for ADA price dropping below $0.70 to potentially invalidate the bullish scenario. Yet, a close above $0.72 could strengthen the upward trend.

📈 Blockchain data by Ali Martinez suggests rising transactions, active addresses, and volume, indicating healthy momentum for Cardano. This could drive ADA towards $0.90 if demand continues to grow.

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