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The post <a rel="nofollow" href="https://coinpedia.org/price-analysis/ada-price-analysis-breakout-rally-in-cardano-eyes-a-20-jump/">ADA Price Analysis: Breakout Rally in Cardano Eyes A 20% Jump!</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
With a bullsih conclusion to a medium consolidation phase near $0.27, the ADA price skyrockets with the market recovery. As &nbsp;<a href="https://app.coinpedia.org/company/bitcoinorg" target="_blank" class="profile-details">bitcoin org</a> <img decoding="async" src="https://image.coinpedia.org/wp-content/uploads/2022/11/10122626/info_icon.svg" alt="information" class="info-icons"> <a href="https://app.coinpedia.org/company/bitcoinorg" target="_blank"><img decoding="async" src="https://image.coinpedia.org/wp-content/uploads/2022/11/09190601/link.svg"></a> <a href="https://bitcoin.org/en/" target="_blank"> <img decoding="async" src="https://image.coinpedia.org/app_uploads/profile/1657111650785pworbaz6gz.png" class="company_logo_img" target="_blank"></a> bitcoin org Event OrganiserTechnologyPayment solution <a href="https://bitcoin.org/en/" target="_blank"><img decoding="async" src="https://image.coinpedia.org/wp-content/uploads/2022/11/10161442/globe.svg"></a> <a href="https://www.facebook.com/bitcoin.core.org/" target="_blank"><img decoding="async" src="https://image.coinpedia.org/wp-content/uploads/2023/01/27173941/facebook-1.png"></a> <a href="https://www.linkedin.com/company/bitcoinorg" target="_blank"><img decoding="async" src="https://image.coinpedia.org/wp-content/uploads/2022/11/09190603/li.svg"></a> <a href="https://twitter.com/bitcoin_org_" target="_blank"><img decoding="async" src="https://image.coinpedia.org/wp-content/uploads/2022/11/09190602/tw.svg"></a> crosses $35K and Ethereum above $2K, the altcoins are gaining momentum and teasing a bull run.&nbsp; 
The buyers control the Cardano price trend with the ongoing rally crossing the $0.35 mark. Moreover, the <a href="https://coinpedia.org/price-prediction/cardano-price-prediction/">Cardano price predictions</a> tease a price jump to $0.50 in 2023.&nbsp; 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="480" src="https://image.coinpedia.org/wp-content/uploads/2023/11/10135206/ADAUSD_2023-11-10_13-33-11-1024x480.png" alt="" class="wp-image-243800" srcset="https://image.coinpedia.org/wp-content/uploads/2023/11/10135206/ADAUSD_2023-11-10_13-33-11-1024x480.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/11/10135206/ADAUSD_2023-11-10_13-33-11-300x141.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/11/10135206/ADAUSD_2023-11-10_13-33-11-768x360.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/11/10135206/ADAUSD_2023-11-10_13-33-11-1536x720.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/11/10135206/ADAUSD_2023-11-10_13-33-11-150x70.png 150w, https://image.coinpedia.org/wp-content/uploads/2023/11/10135206/ADAUSD_2023-11-10_13-33-11.png 1825w" sizes="(max-width: 1024px) 100vw, 1024px">
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With a bullish breakout of the consolidation range below $0.27, the ADA price trend continues to form higher high formations. Accounting for a price jump of 55% in the last 22 days, Cardano’s price exceeds the 50D and 200D EMA.&nbsp;With the recent jump helping Cardano face a huge negative year-to-date return, the altcoin now shows a YTD performance of 52%. 
Completing a rounding bottom pattern, the recent surge in the altcoins market launches the Cardano token price from the $0.35 mark. Marking a successful post-retest reversal of a rounding bottom breakout, the demand continues to grow.&nbsp; 
Currently, the ADA price trades at $0.3708 with an intraday gain of 0.49%, as the trend sustains above $0.35. Further, the rising trend in the intraday trading volume supports the high-speed bull run in Cardano. 
Technical indicators: 
MACD indicator: The ongoing uptrend in the MACD and signal lines continues with the rising bullish histograms. Therefore, the momentum indicator showcases the bullish momentum on the rise.&nbsp; 
EMA: The rising 50-day EMA comes closer to the 200-day EMA and increases the golden crossover possibility.&nbsp; 
<h2 class="wp-block-heading" id="h-will-ada-price-reach-0-45">Will ADA Price Reach $0.45?</h2> 
With the bullish continuation pattern breakout, the ADA price chart shows a strong likelihood of a prolonged bullish trend. Moreover, the market conditions are getting stronger, teasing a new altcoin season to refresh the momentum.&nbsp; 
If the ADA price rises above the $0.40 mark, the rising trend can reach $0.45 after crossing $0.40. Conversely, a sharp reversal from $0.35 can retest the $0.325 mark.

ADA Price Analysis: Breakout Rally in Cardano Eyes A 20% Jump!

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