Cardano Price Prediction: ADA Pumps 17%, But Experts Say Consider This ”People’s Meme Coin” For 100X Gains
The Cardano price has surged 17% in the last 24 hours to trade at $1.28 as of 7:05 a.m. EST on a 54% pump in trading volume to $6.2 billion. Cardano Price Rebounds Within The Bullish Channel The ADA/USD trading pair in the 4-hour timeframe shows a strong bullish trend, moving consistently within a well-defined ascending channel. The price initially consolidated below $0.80, signaling accumulation by market participants and setting the stage for a breakout fueled by growing buying pressure. A pivotal moving average crossover occurred as the 50-period SMA (blue) moved above the 200-period SMA (green), forming a golden cross and confirming the onset of a sustained uptrend. These moving averages now provide dynamic support, stabilizing the price action. ADAUSD Analysis Source: Dextools.io The price has continued rising within the ascending channel, making higher highs and lowers. Currently trading at $1.28 near the channel’s upper boundary, a breakout above this level could...