Favored by savvy investors and whales concerned about security, this trend suggests an accumulation phase that may precede significant price increases.
Cardano Shows Strong Gains as Bulls Push Toward Higher Resistance LevelsSource: ChangeNOW
Cardano (ADA) is experiencing bullish momentum, with its price currently hovering near $1. Over the past month, the price has surged by 176%, indicating significant growth. The nearest resistance level is at $1.28, and if the upward trend continues, ADA could potentially reach this level. The Simple Moving Average over 10 days stands at $1.02, suggesting a positive trajectory. The Relative Strength Index is at 31, which may indicate that the asset is nearing oversold territory, potentially attracting more buyers. If the bulls sustain their momentum, Cardano might aim for the second resistance level at $1.48, representing a considerable increase from current prices. ADA is available on ChangeNOW without registration and hidden fees.
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