🔥🔥🔥 #cardano ’s Potential Surge: Analyst Predicts ADA to Rise Above $3 Amidst Market Volatility
Cardano (ADA) is eyeing a breakout above $1, following a pattern of upward movement within the $0.45 - $0.50 range.
Despite recent market fluctuations, Cardano's ecosystem remains robust, with 83.6 million transactions recorded as of March 21, 2024.
Technical analyst Trend Rider predicts a bullish move for ADA, highlighting strong support between $0.45 and $0.50. ADA's potential breakout is supported by historical data and favorable Relative Strength Index (RSI) signals.
Cardano's ecosystem has experienced remarkable growth, with a 166% increase in Total Value Locked (TVL) and a surge in smart contract adoption, adding 9,671 new contracts in March 2024.
Additionally, Cardano leads in development activity, recording 611.47 GitHub commits in the past month, showcasing its potential for expansion and adoption.
Source - crypto-news-flash.com