Cardano

Cryptocurrency

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 <p class="paragraph">While the cryptocurrency market in general is back in the green, Cardano (ADA) has been one of its best performers, managing to gain over 10% in a single day, and historical <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> <a rel="noopener noreferrer nofollow" title="action" href="https://thebittimes.com/tag/action.html">action</a> suggests more significant increases could be in store starting December for the eighth-largest cryptocurrency by market capitalization.</p>
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 <p class="paragraph">Specifically, Cardano’s current consolidation trend is eerily similar to that of the <a rel="noopener noreferrer nofollow" title="2018-2020" href="https://thebittimes.com/tag/2018-2020.html">2018-2020</a> phase, save for the Covid-19 crash, which means that ADA could break through the $0.45 resistance in the first week of December, according to the <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> by crypto expert Ali Martinez in an X post on November 16.</p>
 <p class="paragraph">Indeed, should really (the price) history repeat itself, the crypto trading analyst believes that the ensuing upswing could send Cardano to $0.075 by late December 2023 and possibly even reach a new all-time high (ATH) at $4.50 by July 2024, as per Martinez’s comprehensive chart pattern analysis.</p>
 <figure class="wp-block-image aligncenter is-resized"><img decoding="async" loading="lazy" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/4cGGHXEU4fCEV-IKp1qpNjTIulDYDKqbOpJwdlU2oTnwcfL1tBGnaAfURqkSExD35kSA-UDaII70AGQ0j66grIqVzhqBeqLq6GXkGSLrZwxmjvntVnUGtSnZjKAay0C_ZSns0XgG-BdYRfdF1hbnIyk" alt width="834" height="465">
  <figcaption class="wp-element-caption"><em>Cardano price action analysis. Source: </em><em>Ali Martinez</em>
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 <h2 class="wp-block-heading" id="h-cardano-price-analysis">Cardano price analysis</h2>
 <p class="paragraph">Meanwhile, Cardano was at press time changing hands at the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of $0.405, which represents an increase of 10.72% in the last 24 hours, a 9.11% gain across the previous seven days, adding up to the impressive advance of 61.05% on its monthly chart, as per the latest data retrieved on November 16.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/N-rn9aYnbwJ9FbXhrW1c05SFsaei2lFK_MsOy_oofIYjPej4Ij6gwXOzXiVVLYgvRGgVEkFJnt-QuB-DOdftHJbwrtUvgPK2HTgSnazDnmsLUc7Vq8KWQw5RtbdiYmu-DXKy07UcORY7i6gLy0bcFfc" alt>
  <figcaption class="wp-element-caption"><em>Cardano 30-day price chart. Source: </em><em>Finbold</em>
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 <p class="paragraph">All things considered, Cardano could indeed reach the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> set by the crypto expert, particularly as the team developing its network continues to work hard on its expansion, recently demonstrated through the partnership with Polkadot (DOT) and the release of the newest research paper on its scaling solution Mithril.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/cardano-price-action-mirrors-2018-2020-is-0-75-next-tbt70498.html">https://thebittimes.com/cardano-price-action-mirrors-2018-2020-is-0-75-next-tbt70498.html</a></p>

Cardano price action mirrors 2018-2020; Is $0.75 next?

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