$ADA Strongly Breaks Through the $1 Mark, Soaring 30%!
ADA has broken through the $1 mark for the first time since April 2022, and the price is skyrocketing, rising 30% in just 24 hours, now firmly standing at $1.06!
Trading volume has also surged, increasing by 150% in one day, reaching $6.7 billion!
According to various forecasts and analyses, I believe ADA's price increase journey is still long. Just like that famous analyst Ali Martinez said: “ADA has risen nearly 200% in the past three weeks, but compared to the upcoming big surge, this is nothing!” He also mentioned that large holders of ADA have been aggressively accumulating in the past month.
From a technical perspective, ADA's current trend is exactly the same as when it rose in the past. If this trend continues, $6 is not a dream! However, the $0.8 position is also very important; it must be held, otherwise, the upward momentum will be discounted.
Looking at the on-chain data, it's even more impressive. The open contracts have increased by 34%, and the amount of short positions liquidated has reached $9.77 million, all bullish signals! Moreover, Cardano's market cap has doubled in the past 17 days, with daily profits reaching $165 million, a number not seen in 8 months!
Another analyst, Dan Gambardello, also believes that ADA is rising as aggressively as before. The key support level is at $0.8, and the resistance level is at $1.05, with plenty of room for further increases!
Recently, I plan to position myself in a potential coin ready to explode; doubling is quite easy. I'm also preparing to find some potential coins to hold until the end of the year, expecting more than 10 times the space is not a problem. If you want to keep up, please like and comment, sharing for free.
