Cardano Price: Will ADA Soar To $1 or Fall After 144% Rally?

Quick Summary:

Cardano price is on a tear, rising 144% in the past 15 days.Currently, at $0.793, ADA has encountered a resistance wall, which, if broken, could potentially catapult the cryptocurrency above $1.

Whale activity around ADA is rising which means the asset could be preparing to surge higher.

Any more downside below this point would invalidate the current bullish thesis as ADA price would potentially enter a consolidation zone between $0.54 and $0.64.

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Article Details

Author / Journalist: Evans Karanja

Category: Crypto

Markets: India

Topics: Cardano price analysis Cardano price ADA Price Analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-20 @ 07:46:13 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 518 words

Reading Time: 3 minutes read

Sentences: 51 lines

Sentence Length: 11 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 23716215

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

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News Last Updated: 8 hours ago

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