Cardano (ADA) was also included in the crypto market’s progress with bullish appetite; It increased by 35 percent!
The cryptocurrency market has started to attack again these days when decline expectations are increasing. Incredible rises were seen in altcons. Especially major coins continue to maintain their strong momentum despite their high market values. Cardano, one of the major coins, has begun to reap the benefits of coming to the fore in network activity and social metrics. ADA has experienced a 35 percent increase in the last 24 hours.
As the crypto market entered the weekend with a bullish appetite, ADA experienced a remarkable rise. ADA became one of the most valuable cryptocurrencies of the day.
Cardano (ADA) started its rise: What could happen?
There is bull dominance in the crypto market. Despite increasing decline expectations, the increase in cryptocurrencies continues. The popular cryptocurrency Cardano (ADA) attracted attention with its rise.
According to data from CoinMarketCap, ADA trading volume has increased by 290 percent in the last 24 hours. In addition, ADA market value increased by 33 percent in the last 24 hours. ADA is the eighth-best cryptocurrency by market cap, with a market cap of $22.5 billion.
The popular cryptocurrency ADA has made a significant breakthrough with its recent rise. Additionally, ADA made its first contact with the potential selling zone between $0.6485 and $0.69. Even though ADA has retreated from $0.6485, it continues to maintain its strong structure. If more buyers move towards ADA, the price may enter the pink box. In this case, ADA could test $0.69. If the popular cryptocurrency breaks $0.69, it could target the major resistance level at $0.74. This region is known as the beginning of ADA’s decline in May 2022. If the region is won, the ADA bull can ride.
On the other hand, ADA may experience a correction after the sensational rise. Support points in the price correction will be $0.59 to $0.5480. If these zones are lost, ADA price could target $0.52.
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