Cardano (ADA) Price Prediction: Crosses $0.70, Preparing For A New All-Time High Formation

With Bitcoin price reclaiming the $91,000 mark, the Cardano bull run gains momentum. Over the last 24 hours, the altcoin has increased by nearly 20% and is currently trading at $0.72.

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Bitcoin price shows a massive bullish recovery after reclaiming the $91,000 mark. This uptrend has a positive impact on the altcoin market, especially Cardano (ADA), which is up nearly 20% in the last 24 hours.

After a massive bullish trend, Cardano price shows a slight correction from the intraday highs. However, ADA price is still up by 1.98%, showcasing strength in the bullish trend. Moreover, the altcoin is preparing for a new all-time high formation.

Cardano price now aims to hit the $0.81 highs, followed by crucial Fib levels. Let’s have a look!

Cardano Price Statistics:

Cardano price today: $0.721

Cardano price change in the last 24 hours: 1.98%

Cardano price change in the last 7 days: 74.84%

Cardano price change in the last 30 days: 12.43%

Cardano live market cap: $25,407,230,609

Cardano total supply: 45,000,000,00 ADA

Cardano circulating supply: 35,207,064,322 ADA

Cardano (ADA) Price Analysis: 1 Hour Chart

The 1-hour Cardano price analysis showcases a strong bullish trend. After a double bottom reversal from the $0.32 lows, the uptrend gained momentum with the breakout of a crucial resistance trend line.

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From the 1-hour price range, ADA price shows a jump of 125% with the altcoin currently trading at $0.721. Moreover, the altcoin is up by 1.98% intraday. This bullish trend could lead to a new 52-week high formation above $0.81, increasing the chances of ADA price hitting the dream target of $1.00.

Technical Indicators:

SMA: With the rising tailwinds, the 50-day and 200-day simple moving average lines give a positive crossover. Moreover, the 100-day SMA line also witnesses an uptick. Hence, the SMAs showcase a bullish trend reversal.

MACD: The MACD and signal lines show a massive surge in bullish momentum, with the positive histograms resurfacing. Hence, the technical indicators maintain a buy signal for Cardano.

Cardano Prices?

Cardano (ADA) is currently up by 20% with 1.98% gains in the last 24 hours and intraday, respectively. Moreover, ADA price is now preparing for a new all-time high formation.

After a massive bullish trend, Cardano price shows a slight correction from the intraday highs. However, ADA price is still up by 1.98%, showcasing strength in the bullish trend.

Cardano price now aims to hit the $0.81 highs, followed by crucial Fib levels.

Cardano (ADA) Technical Analysis:

Cardano price now aims to hit the $0.81 highs, followed by Fib levels at 1.272 and 1.618. These Fib levels are situated at $0.992 and $1.355, respectively.

On the flip side, the crucial support levels for the ADA price are at $0.64 and $0.55.

Cardano (ADA) Price Prediction: What's Next?

With the increasing bullish expectations, will Cardano reach the $1 mark in 2024? Find out NOW in Coinpedia’s Cardano price prediction, and subscribe to us for the latest crypto updates.

FAQs

Cardano (ADA) is currently trading at how much?

Cardano (ADA) is currently trading at $0.72, with a 20% increase in the last 24 hours.

What are the primary support levels for ADA price?

The primary support levels for ADA price are at $0.60, reinforced by the 50-day SMA, and $0.32, the previous reversal point.

ADA targets new highs at how much?

ADA price now targets new highs at $0.81, $0.992 (1.272 Fibonacci level), and $1.355 (1.618 Fibonacci level).

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