Cardano (ADA) Reclaims Top 10 Crypto Spot, Analysts Set New Targets

Quick Summary:

Its recent price action has fueled a bullish sentiment among investors and market watchers, who believe the token might be near a rally toward $1.

This performance "indicates a huge trend reversal for Cardano.” However, he pointed out that to break above the descending broadening wedge, the token must reclaim its second key resistance level at $0.39.

Dan Gambardello pointed out, “Cardano just went through a phenomenal throwback to a colossal triangle pattern.” To the analyst, "If crypto is about to enter a green October, I anticipate ADA will reclaim $1 with haste.” ADA is trading at $0.378, a 6.2% and 12.2% surge in the daily and weekly timeframes.

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Article Details

Author / Journalist: Rubmar Garcia

Category: Crypto

Markets: United Kingdom

Topics: Altcoin Bullish Cardano (ADA) Price Chart Crypto analyst Crypto market ADAUSDT Descending broadening wedge Crypto Market Recovery Cardano ADA Cryptocurrency Market News Bullish analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-25 @ 11:30:22 (2 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 477 words

Reading Time: 3 minutes read

Sentences: 77 lines

Sentence Length: 7 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 22707727

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