Convergence

Cardano

Read

Stellar

Divergence

<ul>
 <li>ADA experiences a significant bullish breakout, surpassing the $0.35 mark and rallying to $0.38.</li>
 <li>Key indicators like MACD and EMA signal robust bullish momentum, with a potential golden crossover on the horizon.</li>
 <li>Cardano’s bullish trend raises anticipation, with predictions teasing a potential surge to $0.50 in 2023.</li>
</ul>
Cardano (ADA) has recently experienced a significant bullish breakout, surpassing the crucial $0.35 mark and rallying to an impressive $0.38. This surge comes on the heels of a medium consolidation phase near $0.27, marking a substantial 55% price jump in the last 22 days.&nbsp;
The altcoin’s price has now not only exceeded the 50-day and 200-day Exponential Moving Averages (EMA) but has also managed to reverse its negative year-to-date return, showcasing a commendable 52% performance. The Moving Average Convergence Divergence (MACD) indicator reveals an ongoing uptrend, with bullish histograms gaining momentum. Additionally, the rising 50-day EMA approaching the 200-day EMA raises the possibility of a golden crossover, further emphasizing the strength of ADA’s bullish momentum.
The current <a href="https://www.coingecko.com/en/coins/cardano" rel="noopener noreferrer nofollow">ADA</a> price of $0.383533, with an intraday gain of 1.1% is not just a result of a random market movement. It stems from the successful completion of a rounding bottom pattern, launching the Cardano token price from the $0.35 mark.&nbsp;
The current bullish trend raises expectations, with predictions teasing a potential surge to $0.50 in 2023. If ADA manages to surpass the $0.40 mark, the momentum could carry it towards the $0.45 range, further solidifying its position in the ongoing rally. However, a cautious eye remains on the $0.35 level, as a sharp reversal could lead to a retest of the $0.325 mark.
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The post <a href="https://cryptonewsland.com/cardano-price-surges-to-0-38-whats-next-for-ada-in-the-ongoing-rally/" rel="noopener noreferrer nofollow">Cardano Price Surges to $0.38: What’s Next for ADA in the Ongoing Rally?</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.

Cardano Price Surges to $0.38: What’s Next for ADA in the Ongoing Rally?

Crypto News Land

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