Cardano

<p>The post <a href="https://coinpedia.org/news/cardano-ada-must-uphold-this-price-range-to-hit-new-2023-highs-says-top-experts/">Cardano Bulls Have Risen! Is This the Bull Run We’ve Been Waiting For?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Over the past month, <a href="https://coinpedia.org/price-prediction/cardano-price-prediction/">Cardano (ADA)</a> has witnessed a significant surge, aligning with the broader momentum in the crypto market. This rise is fueled partly by Bitcoin’s dominance in the rally, amid mounting expectations of US regulators greenlighting a spot BTC exchange-traded fund (ETF).&nbsp;</p> 
<p>Beyond Bitcoin’s impact, the recently concluded Cardano Summit 2023 and founder Charles Hoskinson’s plans for a fully decentralized governance structure have amped up excitement around ADA. Can’t wait to get the complete scoop? Read on!</p> 
<h2 class="wp-block-heading" id="h-numbers-speak-ada-s-comfort-zone">Numbers Speak: ADA’s Comfort Zone</h2> 
<p>Crypto expert Ali Martinez notes that Cardano comfortably sits between $0.37 and $0.38. In this range, 166,470 crypto wallets hold a substantial 4.88 billion ADA. It’s like ADA’s safety zone, and staying here might mean reaching new highs.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw">#Cardano</a> sits at a key demand zone between $0.37 and $0.38. Here, 166,470 wallets acquired 4.88 billion <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ADA</a>.<br><br>With minimal resistance ahead and solid support below, remaining above this zone could pave the way for <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ADA</a> to climb to new yearly highs. Still, watch out, as losing… <a href="https://t.co/GDjhspFSVr">pic.twitter.com/GDjhspFSVr</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1729065108213535130?ref_src=twsrc%5Etfw">November 27, 2023</a>
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<p>Martinez suggests that as long as ADA holds this position, with its weak resistance and strong support, there’s potential for ADA’s value to go even higher.</p> 
<p>Also Read: <a href="https://coinpedia.org/news/cardano-founders-outburst-sparks-debate-among-crypto-communities/">Cardano Founder Challenges SEC’s Crypto Classification: Time for Better Regulations?</a></p> 
<h2 class="wp-block-heading" id="h-watch-out-for-the-risks">Watch out for the Risks!</h2> 
<p>But there’s a word of caution from Martinez. If ADA loses the $0.37 support, it might correct down to $0.34 or $0.33. To really make progress, ADA needs to close above $0.40. Martinez even <a href="https://twitter.com/ali_charts/status/1729187783028219939">highlights</a> the Tom DeMark (TD) Sequential indicator’s sell signal on ADA’s weekly chart, a tool used by traders to predict potential trend reversals based on the closing prices of the 13 previous bars or candles.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw">#Cardano</a> | Look how the 100-EMA on the 4-hour chart has acted as a rebound zone for <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ADA</a> while the $0.396 level acts as a stiff resistance. <br><br>The TD Sequential now presents a buy signal within this time frame around the 100-EMA, anticipating another rebound. However, you must pay… <a href="https://t.co/bi4Lzg4rUr">pic.twitter.com/bi4Lzg4rUr</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1729187783028219939?ref_src=twsrc%5Etfw">November 27, 2023</a>
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<p>On a brighter note, another analyst, CoinsKid, suggests Cardano could make a move to $0.7497 and eventually $1.80. These are key resistance levels, indicating a potential upward shift for ADA.</p> 
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   <p lang="en" dir="ltr">I think <a href="https://twitter.com/hashtag/cardano?src=hash&amp;ref_src=twsrc%5Etfw">#cardano</a> could be gearing up for a MASSIVE move to 0.7497 and 1.80 eventually.<br><br>These are 2 key areas of untapped resistance. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"></p>— CoinsKid (@Coins_Kid) <a href="https://twitter.com/Coins_Kid/status/1726867570303946897?ref_src=twsrc%5Etfw">November 21, 2023</a>
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<h2 class="wp-block-heading" id="looking-ahead">Looking Ahead</h2> 
<p>As the crypto community eagerly watches ADA’s moves in this critical price range, the sentiment is positive. With over 70% of wallets in profit, Cardano’s future looks promising. The dance between support and resistance continues, and ADA enthusiasts brace themselves for what could be a defining chapter in Cardano’s crypto journey.</p>

Cardano Bulls Have Risen! Is This the Bull Run We’ve Been Waiting For?

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