Cardano (ADA) is showing promising signs of recovery with a potential 20% rally. This move comes ahead of the upcoming Chang hard fork, a major upgrade of the Cardano network. Despite the price recovery, a large portion of ADA investors are still at a loss.
Despite the recent market declines, Cardano has attracted attention by staging a strong recovery. Technical analysis shows that ADA has bounced off the lower boundary of the falling channel and that buyer interest is increasing due to the upcoming update. Currently, ADA is trading around $0.337 in the short term and has fallen 16.6% in the past week.
The Chang hard fork is a major update that aims to increase Cardanoâs scalability and decentralize its governance. Currently, 58 percent of Cardano nodes have migrated to the new version v9.1.0, with only another 12 percent needed to launch the update. This expectation has ADA investors eagerly awaiting a possible price increase.
The current trend shows that the ADA price is moving downwards within the falling channel, with the moving averages holding above the current price, reinforcing the downtrend. However, a new green candlestick with a long lower wick and increasing volume suggests the potential for a short-term recovery. The nearest support level is around $0.3, while resistance is found at $0.3856, corresponding to the 50-day EMA.
Tangible and Valuable Takeaways:
76 percent of ADA investors are still at a loss.
The 50-day EMA is at $0.3988 and the 200-day EMA is at $0.4522 above the current price.
The nearest support level is around $0.3.
The nearest resistance level is at $0.3856, which corresponds to the 50-day EMA.
The Relative Strength Index (RSI) is near the oversold territory at 36.07, indicating a potential price recovery.
Chaikin Money Flow (CMF) is signaling some selling pressure at -0.07, but it is not overly strong.
If the price of ADA rebounds and rises above the falling channel, it could signal market strength and rally towards new targets near $0.48, $0.50 and $0.55.
FOR THE GIFT OF 10 DOLLARS PLEASE READ CAREFULLY.
My friends, you know that we, the publishers, are doing everything we can for you here. We are conveying to you the services and conveniences that our authorities have provided us. I have never withdrawn my support for both the cryptocurrency market and you, and on the contrary, I am trying to provide more support.
THIS 10 DOLLAR GIFT CAMPAIGN IS A CAMPAIGN MADE ESPECIALLY FOR ME BY BINACE. YOU CAN GET CONFIRMATION OF WHAT I HAVE SAID ABOUT THIS ISSUE BY CALLING LIVE HELP. IT IS A 10 DOLLAR CAMPAIGN MADE FOR YOU THROUGH ME.
Now I will explain how you will receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.
So who can benefit?
Our friends who have not yet activated the futures section, when you activate your FUTURES transaction section, you will earn $10 when you open it by entering my 88623008 reference code.
I EXPLAIN IN DETAILED.
My brothers and sisters who have become Binance members without a reference, please listen carefully;
When you do what I say in order, you will receive 10 USDT.
Go to the Futures Section from your application,
On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,
My brothers and sisters who want to complete this transaction and receive the 10 USDT reward until MAY 1 can do so. Afterwards, after activating your account, it is enough to open your first futures transaction.
The first 1,000 brothers who open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
So let me give you a tactic like this; even if you open and close 20x with a $5 transaction, you will be entitled to the reward.
Even if you do this after May 1st, your reward will not come. So, do it until May 1st. In fact, I would say do it right now in 5 seconds.
It's very simple. Go to futures, enter my 88623008 referral code and activate the account. Then just open a transaction of 200 usdt in total and get the 10 usdt reward.
WHEN WILL THE REWARD COME?
Your $10 reward will come to the REWARDS section of your Binance application within 30 days from May 1. By activating it from there, you can use your $10 reward, or more than 300 lira, in futures transactions.
You can share this post with your friends in need so that they can also benefit from it.
IN THE MEANWHILE, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. EVEN IF YOU HAVEN'T FOLLOWED US YET, DON'T FORGET TO FOLLOW US. WITH MY REGARDS.
