Cardano’s ADA Analysis: Technicals and Fundamentals Indicate a Healthy Uptrend – Key Prices to Watch

According to crypto trader Ali (@ali_charts), multiple metrics indicate the current price uptrend in Cardano (ADA) has strength. Ali points to growing levels of daily active ADA addresses, transaction volumes, and increased whale transactions. This signals strengthening investor interest and engagement on-chain – a constructive sign for the uptrend’s continuation.

Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK?🤫

The key? Getting in early, especially during the ICO phase. Check out NuggetRush today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. Seize the opportunity with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.

Show more +

ADA Price Analysis Supports Upside

Crypto analytics provider altFINS has undertaken price analysis revealing bullish momentum across short, medium and long durations. Both MACD and RSI indicators reflect building upside impetus. altFINS highlights ADA recently breached past resistance around $0.68 which had capped moves in late 2023. With this level now surpassed, the firm sees potential to reach $1.00 – 47% above the broken resistance.

Source: altFINS – Start using it today

To capture further upside, altFINS suggests a stop loss around $0.55 based on the prior low. This allows for typical volatility while limiting downside exposure.

When monitoring the rally, key support is noted around $0.46, representing previous resistance now turned support. Below this sits the $0.40-$0.42 zone. Initial resistance stands around $0.65-$0.68 where breakout occurred. Above lies the $1.00 target. Observing these levels guides traders in Cardano’s developing bullish move fueled by improving fundamentals.

You may also be interested in:

Check NuggetRush ($NUGX)

Sponsored: Invest Responsibly, Do Your Own Research.
Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
A unique play-to-earn gaming platform in the memecoin market
The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
Fosters a strong community by encouraging physical meetups among members
NFT Integration with Prominent Characters
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.


Temitope Olatunji
Temitope Olatunji

Temitope is a seasoned writer with over four years of experience. He specializes in Web3 and FinTech topics and enjoys creating content in these areas. He holds both a bachelor's and master's degree in Linguistics. When not writing, he trades forex and plays video games.