ADA Breakout Alert, Cardano Set for 30% Rally

Quick Summary:

Currently, ADA is trading near $0.39 and has experienced a price surge of 12% over the last 24 hours.

However, this bullish thesis will hold only if ADA closes a daily candle above the $0.40 level; otherwise, it may fail.

According to expert technical analysis, ADA has broken out from a strongly inclined trendline that it has been facing since April 2024.

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Article Details

Author / Journalist: Zameer Attar

Category: Crypto

Markets: United States

Topics: Price Analysis Cardano (ADA) Crypto news News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 18:37:56 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 308 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 23464631

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