Cardano

The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/ada-price-analysis-will-cardano-trigger-a-35-jump-from-0-25/">ADA Price Analysis: Will Cardano Trigger A 35% Jump From $0.25?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
Deep into the correction phase, the ADA price fails to hold the 883% gain in early 2023 as the pullback crashes the altcoin. With just 6.50% year-to-date growth in 2023, Cardano plans to reclaim the bullish momentum with a reversal from $0.24. 
With the reversal giving a breakout entry in Cardano, the chances of altcoin reaching $1 as per <a href="https://coinpedia.org/price-prediction/cardano-price-prediction/" rel="noopener noreferrer nofollow">Cardano price prediction</a> seems probable.&nbsp; 
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The buyers are preparing to challenge the long-term downtrend in the ADA price as the double bottom reversal at $0.24. Moreover, the uptrend gives the falling wedge breakout in the daily chart, signaling a bullish rally.&nbsp; 
The uptrend in Cardano even crosses the 50-day EMA and accounts for a price jump of 7.82% over the last few days. Currently, the altcoin price trades at $0.262 with an intraday gain of 1.16%.&nbsp; 
Following the 50-day EMA breakout, the ADA price shows a higher price rejection, leading to the rest of the $0.25 breakout.&nbsp; 
Technical indicators: 
With the rising momentum, the Cardano price may soon continue the uptrend continuation. 
DMI indicator: With the ADX line displaying an uptick, the trend momentum is high. Moreover, the DI lines maintain a positive alignment. Therefore, the indicator shows a rising bullish momentum ready to fuel the ADA price rally. &nbsp; 
EMA: As the prices surpass the 50-day EMA, an uptrend continuation will increase the likelihood of a golden crossover. 
<h2 class="wp-block-heading" id="h-will-ada-price-bounce-above-50-day-ema">Will ADA Price Bounce Above 50-Day EMA?</h2> 
With the buyers ready to overtake trend control, the ADA price might sustain above the 50-day EMA. Moreover, the overall improving conditions of the market and the positive ripple effect can drive Cardano prices higher.&nbsp; 
In case the ADA price rises above $0.30, the market value can rise as high as $0.356 by the end of this month. 
On the flip side, a fall below the $0.25 zone will test the $0.24 base level.&nbsp;

ADA Price Analysis: Will Cardano Trigger A 35% Jump From $0.25?

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