Cardano

<ul><li>ADA&#39;s trend echoes 2018-20, excluding the COVID dip, hinting at breaking the $0.45 resistance.</li><li>The current RSI at 68.16 and bullish MACD indicate strong upward momentum for ADA, but caution is advised due to market volatility.</li><li>The market cap of ADA, at $15.69B, shows increasing investor interest; however, its price trajectory can be greatly affected by external factors.</li></ul>In the dynamic world of cryptocurrency, Cardano (ADA) is currently experiencing a notable trend. As highlighted by Ali, a prominent blockchain figure, the digital currency&#39;s price movement mirrors its trajectory from 2018 to 2020, excluding the downturn caused by the COVID-19 pandemic.This parallel raises the possibility of ADA breaking through the $0.45 resistance soon. If this pattern continues, we might witness a significant rally, potentially reaching $0.75 by late December.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/9fb6cb680e7c44cfae6a55e108c56f43.png" />Currently,  ADA&#39;s price stands at <a href="https://www.coingecko.com/en/coins/cardano" rel="noopener noreferrer nofollow">$0.448115</a>, reflecting a 4.48% increase over the last 24 hours and an impressive 18.41% rise in the past week. The current market capitalization of Cardano, with its circulating supply of 35 billion ADA, is approximately $15.69 billion. This figure is significant, as it indicates the increasing investor interest and market confidence in ADA.Analyzing the technical indicators provides further insights. The Relative Strength Index (RSI), a momentum indicator, is currently at 68.16. This value is on the higher end, typically indicating an approaching or existing overbought condition. An RSI above 70 often suggests that the asset might be overvalued and could face a trend reversal or consolidation in the near future.Read full article at <a href="https://cryptotale.org/?p&#61;29191&amp;preview&#61;true&amp;_thumbnail_id&#61;29194" rel="noopener noreferrer nofollow">CryptoTale.</a>

Cardano (ADA) Echoes 2018-2020 Trends, Eyes $0.75 Milestone Amid Market Optimism

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