Cardano ADA is currently trading at $0.3799, maintaining a favorable position above the 50-day EMA ($0.3369) and the 200-day EMA ($0.3151) due to a previous 70 percent rally.
Analyst Ali Martinez identifies a crucial demand zone between $0.37 and $0.38, with strong wallet accumulation.
Following a series of price declines throughout October, Cardano (ADA) initiated a robust uptrend, rebounding from a low of $0.2400 on Oct. 19. This upward trajectory persisted, propelling ADA to a notable 70 percent surge, reaching $0.4097 by Nov. 16.
However, the ascent to the $0.40 level encountered significant resistance from bears, leading to heightened price volatility. ADA faced repeated challenges below the $0.40 threshold, signaling ongoing efforts for a breakout.
Despite positive developments within the Cardano ecosystem, ADA struggled to establish a firm position above $0.40. Since Nov. 18, a tug-of-war between bullish and bearish forces has resulted in Cardano consolidating within the range o

Czytaj więcej

We współpracy z: https://www.crypto-news-flash.com/cardanos-battle-for-0-38-where-will-ada-price-head-next/?utm_source=rss&utm_medium=rss&utm_campaign=cardanos-battle-for-0-38-where-will-ada-price-head-next