The post Cardano Price Prediction: ADA Price Might Hit $0.75 By December appeared first on Coinpedia Fintech News
The race to attract institutional money has spiked altcoins’ daily average traded volume. Cardano (ADA), a leading smart contract-enabled blockchain and multichain ecosystem with approximately $255 million in total value locked (TVL), has significantly benefited from heightened altcoin speculation. As of this report, ADA’s price has surged by about 60 percent in the past four weeks, trading around $0.40 during the mid-London session on Thursday.
This medium-capped altcoin has rallied approximately 10 percent in the past 24 hours, reaching a major resistance level that will test the bulls’ resilience.
ADA Price Analysis: Bullish Momentum
Cardano’s price has gained notable bullish momentum, having consolidated below 41 cents and above 24 cents since October 2022. For the first time in 12 months, ADA’s weekly Relative Strength Index (RSI) has rallied above 50 and is
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