Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Bitcoin – Price is rising by $ 100k – Bull Market officially back?

2025-05-10

XRP, Pepe Rebound underway, but Cardano and this Defi -Token look stronger: Rexas Finance

2025-05-10

Soonchain integrates into AGNT-HUB to elevate AI-driven web3 gaming

2025-05-10
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Soonchain integrates into AGNT-HUB to elevate AI-driven web3 gaming

    2025-05-10

    China’s Beijing unveils 2-year DLT Development Action Plan

    2025-05-10

    Nexera and Pinkchain unite to Tokenize € 1.1 billion real estate pipeline with Shariah-compliant products

    2025-05-10

    Mint Blockchain integrates Chainlink CCIP to feed cross-chain connectivity

    2025-05-10

    ‘Nasdaq on Solana’ vision sees progress with opening bell launch

    2025-05-10
  • NFT

    Drink-to-earn? A new sparkling water comes with an NFT and points

    2025-05-08

    Cobie says we will return if someone buys this $ 20 million NFT

    2025-05-08

    Edge Matrix, Colabs Partner to strengthen NFT -Makers

    2025-05-08

    Argentinian football club Partners with StepN to launch digital sneakers

    2025-05-05

    Pudgy Penguins #6873 Leads with Top NFT -sale worth $ 360.2k

    2025-05-04
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Bitcoin – Price is rising by $ 100k – Bull Market officially back?

    2025-05-10

    JPMorgan Chase warns US shares ‘Not a good place to verbat’ as billionaire Paul Tudor Jones Braces for fresh market Lows

    2025-05-10

    Partially completed Wave 5 says there is still room to run

    2025-05-10

    Wells Fargo increases the price target for a company of billion dollars, the shares of the company’s prognoses will increase by 52%: report

    2025-05-10

    Ethereum – Price explodes beyond $ 2,200 with a 25% increase – Momentum builds up quickly

    2025-05-10
  • Learn

    What Is Proof-of-Authority (PoA)?

    2025-05-10

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02

    What Is a Layer-0 Protocol?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Analysis»Cardano Rises: Bullish Rebound Provides Optimism for Further Advantage
Analysis

Cardano Rises: Bullish Rebound Provides Optimism for Further Advantage

2024-11-18No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Cardano (ADA) is in the spotlight as a strong bullish rebound from the $0.6822 support level has fueled traders’ optimism. This comeback marks a potential turning point for ADA, with renewed momentum driving the price higher and signaling a resumption of the uptrend. As buying interest increases, market sentiment appears to be shifting in favor of the bulls, which begs the question: How far can Cardano climb in the coming days? All eyes are now on key resistance levels as the ADA’s rally gains momentum, fueling hopes for sustainable growth.

This analysis aims to delve into Cardano’s recent recovery from the $0.6822 support level and its implications for the asset’s future trajectory. By examining key technical indicators, market sentiment, and potential resistance levels, this piece attempts to assess whether ADA’s momentum can maintain its uptrend or encounter challenges along the way.

Changes in Market Sentiment: Are the Bulls Back in Power?

Currently, ADA is showing renewed positive strength after recovering from the $0.6822 support level and is steadily heading towards the $0.8119 resistance level. This recovery signals a significant shift in sentiment, with buying pressure leading to more price growth. Notably, Cardano is trading above the 100-day Simple Moving Average (SMA) on the 4-hour chart, which not only reinforces the bullish trend but also provides a strong foundation for further gains if ADA successfully moves above the resistance at $0.8119 breaks through.

Cardano

A study of the 4-hour Relative Strength Index (RSI) shows that the RSI is trying to climb back above the 70% threshold after falling to 57%. This signals a revival of buying pressure, due to renewed bullish momentum in the market. A break above the 70% level would indicate strong overbought conditions, indicating robust demand and the potential for more price gains.

See also  Polygon deployed short-term selling on rallies

Also, the daily chart shows a strong upward move for ADA, marked by the formation of a bullish candlestick as it recovers from the $0.6822 level. Trading above the crucial 100-day SMA reinforces the positive trend, indicating continued strength. As Cardano continues to rise, it strengthens market confidence, paving the way for growth.

Cardano

Furthermore, the daily chart’s RSI currently stands at 80%, indicating robust bullish sentiment as it remains above the 50% threshold. This increase follows a brief decline to 60%, showing that buying pressure has returned. While the high RSI suggests the asset is overbought, it also signals continued strength, pointing to potential gains.

Next goals for Cardano: can the rally maintain its pace?

ADA has shown strong bullish momentum after recovering from the $0.6822 support level, moving towards the key resistance at $0.8119. The ability to hold above the 100-day SMA on the 4-hour chart indicates continued strength, indicating that Cardano could continue its upward move. A successful break above the resistance at $0.8119 could push the price towards the $1.26 resistance level, paving the way for a price spike.

However, if the rally finds difficulty breaking the resistance at $0.8119, it could result in a pullback or consolidation, shifting focus towards key support levels.

Cardano

Source link

advantage Bullish Cardano Optimism Rebound Rises
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin – Price is rising by $ 100k – Bull Market officially back?

2025-05-10

XRP, Pepe Rebound underway, but Cardano and this Defi -Token look stronger: Rexas Finance

2025-05-10

JPMorgan Chase warns US shares ‘Not a good place to verbat’ as billionaire Paul Tudor Jones Braces for fresh market Lows

2025-05-10

Ethereum rises 32% when $ 60 million leaves ETFs – is ETH’s identity crisis over?

2025-05-10
Add A Comment

Comments are closed.

Top Posts

Urgent migration notice for users

2024-02-09

Trader Warns Chainlink (LINK) At Risk of Correction, Updates Outlook on Ethereum-Based Altcoin

2023-11-27

Analyst says red-hot Ethereum rival will enter 2024 ‘hyper bullish’, updates forecast for two other altcoins

2023-12-26
Editors Picks

Altcoin Market could see a 30% DROP! Top 5 Altcoins for Potential Gains

2023-09-16

Presidential Candidate Kamala Harris Adds Ex-Binance Advisor To Campaign Team: Report

2024-08-04

Crypto Whales Load $640,500,000 Worth of Dogecoin (DOGE) in Just Two Days, Says Analyst

2025-01-21

Gas-free carnival: transforming stablecoin transfers

2025-01-27
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Bitcoin – Price is rising by $ 100k – Bull Market officially back?

XRP, Pepe Rebound underway, but Cardano and this Defi -Token look stronger: Rexas Finance

Soonchain integrates into AGNT-HUB to elevate AI-driven web3 gaming

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$104,573.551.60%
  • ethereumEthereum(ETH)$2,548.369.10%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.433.54%
  • binancecoinBNB(BNB)$663.01-0.82%
  • solanaSolana(SOL)$177.113.27%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.25113022.79%
  • cardanoCardano(ADA)$0.836.21%
  • tronTRON(TRX)$0.2646640.91%
  • suiSui(SUI)$4.248.69%
  • chainlinkChainlink(LINK)$17.107.20%
  • avalanche-2Avalanche(AVAX)$25.5810.29%
  • stellarStellar(XLM)$0.3169057.35%
  • shiba-inuShiba Inu(SHIB)$0.00001710.82%
  • hedera-hashgraphHedera(HBAR)$0.2164357.32%
  • hyperliquidHyperliquid(HYPE)$26.326.40%
  • the-open-networkToncoin(TON)$3.537.38%
  • bitcoin-cashBitcoin Cash(BCH)$425.853.34%
  • polkadotPolkadot(DOT)$5.197.00%
  • litecoinLitecoin(LTC)$104.05-0.33%
  • unus-sed-leoUNUS SED LEO(LEO)$8.21-6.07%
  • moneroMonero(XMR)$324.992.22%
  • bitget-tokenBitget Token(BGB)$4.939.25%
  • pepePepe(PEPE)$0.0000139.80%
  • piPi(PI)$0.786.87%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • uniswapUniswap(UNI)$7.3714.67%
  • bittensorBittensor(TAO)$463.878.40%
  • nearNEAR Protocol(NEAR)$3.3014.21%
  • aptosAptos(APT)$6.079.06%
  • ondo-financeOndo(ONDO)$1.098.28%
  • aaveAave(AAVE)$225.087.18%
  • okbOKB(OKB)$55.961.22%
  • ethereum-classicEthereum Classic(ETC)$20.457.18%
  • internet-computerInternet Computer(ICP)$5.816.85%
  • kaspaKaspa(KAS)$0.1120897.27%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.32-3.07%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2700846.44%
  • render-tokenRender(RENDER)$5.419.08%
  • crypto-com-chainCronos(CRO)$0.1035141.35%
  • vechainVeChain(VET)$0.0319416.47%
  • gatechain-tokenGateToken(GT)$22.34-0.06%
  • mantleMantle(MNT)$0.781.35%
  • ethenaEthena(ENA)$0.41424314.01%
  • arbitrumArbitrum(ARB)$0.47579926.58%
  • algorandAlgorand(ALGO)$0.2518448.60%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.898.04%
  • filecoinFilecoin(FIL)$3.216.70%
  • bitcoinBitcoin(BTC)$104,573.551.60%
  • ethereumEthereum(ETH)$2,548.369.10%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.433.54%
  • binancecoinBNB(BNB)$663.01-0.82%
  • solanaSolana(SOL)$177.113.27%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.25113022.79%
  • cardanoCardano(ADA)$0.836.21%
  • tronTRON(TRX)$0.2646640.91%
  • suiSui(SUI)$4.248.69%
  • chainlinkChainlink(LINK)$17.107.20%
  • avalanche-2Avalanche(AVAX)$25.5810.29%
  • stellarStellar(XLM)$0.3169057.35%
  • shiba-inuShiba Inu(SHIB)$0.00001710.82%
  • hedera-hashgraphHedera(HBAR)$0.2164357.32%
  • hyperliquidHyperliquid(HYPE)$26.326.40%
  • the-open-networkToncoin(TON)$3.537.38%
  • bitcoin-cashBitcoin Cash(BCH)$425.853.34%
  • polkadotPolkadot(DOT)$5.197.00%
  • litecoinLitecoin(LTC)$104.05-0.33%
  • unus-sed-leoUNUS SED LEO(LEO)$8.21-6.07%
  • moneroMonero(XMR)$324.992.22%
  • bitget-tokenBitget Token(BGB)$4.939.25%
  • pepePepe(PEPE)$0.0000139.80%
  • piPi(PI)$0.786.87%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • uniswapUniswap(UNI)$7.3714.67%
  • bittensorBittensor(TAO)$463.878.40%
  • nearNEAR Protocol(NEAR)$3.3014.21%
  • aptosAptos(APT)$6.079.06%
  • ondo-financeOndo(ONDO)$1.098.28%
  • aaveAave(AAVE)$225.087.18%
  • okbOKB(OKB)$55.961.22%
  • ethereum-classicEthereum Classic(ETC)$20.457.18%
  • internet-computerInternet Computer(ICP)$5.816.85%
  • kaspaKaspa(KAS)$0.1120897.27%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.32-3.07%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2700846.44%
  • render-tokenRender(RENDER)$5.419.08%
  • crypto-com-chainCronos(CRO)$0.1035141.35%
  • vechainVeChain(VET)$0.0319416.47%
  • gatechain-tokenGateToken(GT)$22.34-0.06%
  • mantleMantle(MNT)$0.781.35%
  • ethenaEthena(ENA)$0.41424314.01%
  • arbitrumArbitrum(ARB)$0.47579926.58%
  • algorandAlgorand(ALGO)$0.2518448.60%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.898.04%
  • filecoinFilecoin(FIL)$3.216.70%