Cardano’s uptrend shows bullish momentum by breaking the $0.975.
Breaking the $1.300 resistance could lead ADA to target the $2.000 level.
ADA’s RSI and MACD indicate a neutral position, suggesting a possible bullish trend.
Even in the bear market, Cardano (ADA) shows promising potential. The daily timeframe chart signals a potential breakout as ADA tests key price levels.
Traders are watching its behavior around $1.03, which could trigger a sharp rally or a deeper retracement. Crypto analyst Dan Gambardello believes that ADA’s series of higher highs and higher lows suggest the path to $2 may be closer than it seems.
I know everyone has the jitters from the bear market, but $2 Cardano is one quick move away. pic.twitter.com/84fQknw7qJ
— Dan Gambardello (@cryptorecruitr) November 27, 2024
Price Trend Analysis: Key Signals for a Breakout or Reversal
Cardano’s recent price action indicates an uptrend. The series of higher highs and higher lows suggests bullish momentum and increasing market strength.
Read also : Cardano’s RFP Denial Was a Setback For Wyoming, Says Charles Hoskinson
Moving averages (MAs) on the chart confirm this trend, with…
The post Cardano (ADA) Momentum Builds—Will It Break $1.30 and Hit $2 Soon? appeared first on Coin Edition.
