TRADERS 'EXPECTS' CARDANO ADA PRICE TO RALLY 70%
Cardano's ADA price is expected to rally 70% due to its recent surge in momentum, driven by the launch of its Node 10.1 upgrade, which introduces enhanced governance and delegation features .
This upgrade is a significant step in Cardano's evolution, preparing the network for the upcoming Chang 2 hard fork.
Analyst ZAYK Charts predicts a 60-70% price increase, citing a breakout from a falling wedge pattern on the 1-day chart . The ADA price has already seen an impressive 5% increase within the past day, trading at approximately $0.3751, with a critical resistance level at $0.38 .
$Key Factors Contributing to ADA's Price Rally:
Node 10.1 Upgrade: Introduces new governance capabilities and prepares the network for the Chang 2 hard fork .
Technical Indicators: Breakout from a falling wedge pattern on the 1-day chart .
Increased Investor Interest: Growing optimism in the cryptocurrency market .
Bullish Momentum: MACD indicator shows a positive crossover, suggesting buying momentum .$ADA
Cardano's ADA price is expected to rally 70% due to its recent surge in momentum, driven by the launch of its Node 10.1 upgrade, which introduces enhanced governance and delegation features .
This upgrade is a significant step in Cardano's evolution, preparing the network for the upcoming Chang 2 hard fork.
Analyst ZAYK Charts predicts a 60-70% price increase, citing a breakout from a falling wedge pattern on the 1-day chart . The ADA price has already seen an impressive 5% increase within the past day, trading at approximately $0.3751, with a critical resistance level at $0.38 .
$Key Factors Contributing to ADA's Price Rally:
Node 10.1 Upgrade: Introduces new governance capabilities and prepares the network for the Chang 2 hard fork .
Technical Indicators: Breakout from a falling wedge pattern on the 1-day chart .
Increased Investor Interest: Growing optimism in the cryptocurrency market .
Bullish Momentum: MACD indicator shows a positive crossover, suggesting buying momentum .$ADA
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