The post Cardano is Breaking Out: Decoding the Possibility of ADA Price Reaching $0.6 This Month appeared first on Coinpedia Fintech News
Cardano’s price has surged beyond the much-awaited resistance at $0.42, which has made market participants somewhat confident over the next price run. The ADA volume has been soaring constantly for over a couple of days, suggesting increased market participation and involvement in the network. However, the price is also facing some bearish pressure after achieving highs above $0.54, which may offer an additional push after experiencing significant compression.
The last quarter rally of 2023 ended the year-long consolidation and propelled the price by over 180%. However, the token failed to close the yearly trade on a bullish note and has maintained a descending consolidation until now. The crypto space maintained a sideways trend as the BTC price chopped around $43,000 for over a few weeks. However, the sudden bullish push enabled the Cardano price
We współpracy z: https://coinpedia.org/price-analysis/cardano-is-breaking-out-decoding-the-possibility-of-ada-price-reaching-0-6-this-month/
