Ethereum

Cardano

Bitcoin

Coin

<p style="text-align: justify">The crypto market is experiencing significant developments, and <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">investors</a> are hopeful for the coming year. It is expected that in 2024, <a href="https://en.coin-turk.com/whats-happening-in-the-bitcoin-front/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> will reach new highs. So, what are the expectations for Cardano (<a href="https://en.coin-turk.com/cardano-ada-approaches-lowest-price-levels-in-the-last-1-year-as-the-crypto-market-declines/" data-wpel-link="internal" rel="noopener noreferrer nofollow">ADA</a>) Coin? Let’s take a look at ADA Coin, one of the star altcoins of 2021.</p>
<h2 style="text-align: justify" id="cardano-ada">Cardano (ADA)</h2>
<p style="text-align: justify"><strong>Ethereum</strong> was the largest PoS network until it completed its PoS transformation last year. Moreover, with the excitement of the Alanzo and Vasil updates, the price of Cardano remained strong. However, ADA Coin also suffered from the major crash in the last quarter of the year and reached new lows.</p>
<p style="text-align: justify">Nevertheless, the last quarter of this year has been promising for altcoins, including ADA Coin. ADA Coin, which has lagged behind the market, has started to recover. Current readings suggest that the price may continue to rise this month. Bulls facing an important resistance level must overcome the barrier that extends from this year’s November high to the peak at the end of 2022.</p>
<p style="text-align: justify"><img decoding="async" class="size-full wp-image-284848 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/12/ADA-Coin-Fiyat-Analizleri.png" alt="" width="1053" height="636"></p>
<p style="text-align: justify">In addition to this resistance, the $0.43 level just above the current level needs to turn into support. If the price can achieve this, it can aim for new highs.</p>
<h2 style="text-align: justify" id="ada-coin-price-predictions">ADA Coin Price Predictions</h2>
<p style="text-align: justify">The initial target is the $0.61 milestone. For Cardano (ADA) to make a complete comeback, it needs to surpass the resistance around $0.86. The rising MACD currently supports bullish predictions.</p>
<p style="text-align: justify">The monthly chart does not provide a clear reading for the RSI, as it is in the neutral zone. After the drop at the trendline resistance three weeks ago, the price dropped to $0.344, heavily influenced by the fluctuations in BTC.</p>
<p style="text-align: justify">Now, while the king cryptocurrency is targeting new highs, even consolidation near current levels can open the door to significant rallies for ADA Coin. However, in the shorter term, readings on the four-hour chart are somewhat discouraging, as the RSI and MACD do not support an uptrend.</p>
<p style="text-align: justify"><img decoding="async" class="size-full wp-image-284849 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/12/BTCADA-Analiz.png" alt="" width="1057" height="631"></p>
<p style="text-align: justify">So, how will ADA Coin perform against BTC? The current view indicates that the price is being hindered by the resistance at 0.00001034 BTC. Cardano recently broke the 0.382 Fib support level around 0.00000984 BTC, indicating a downward trend. If it fails to show rapid positive divergence, we may see a decline towards 0.0000091 BTC in the short term.</p>
<div class="sorumluluk_reddi"><strong>Disclaimer:</strong> The information in this article does not constitute investment advice. Investors should be aware of the high volatility and associated risks of cryptocurrencies and should conduct their own research before making any transactions.
</div> <span style="font-weight:bold;font-size:16px">Continue Reading:</span> <a href="https://en.coin-turk.com/cardano-ada-coin-price-analysis-will-it-reach-new-highs-in-2024/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/cardano-ada-coin-price-analysis-will-it-reach-new-highs-in-2024/</a>

Cardano (ADA) Coin Price Analysis: Will It Reach New Highs in 2024?

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