Cardano

Daily

Coin

<ul class="news-points"> 
 <li>Cardano (ADA) managed to climb more than 34% in the past week.</li> 
 <li>ADA was able to break above the key $0.5940 resistance level and was trading at $0.6403.</li> 
 <li>A significant long-term bullish technical flag was triggered on ADA’s daily chart, suggesting that momentum has shifted in favor of bulls.</li> 
</ul> 
Cardano (ADA) delivered a strong performance this past week. Data from the cryptocurrency market tracking website <a href="https://coinmarketcap.com/currencies/cardano/" target="_blank" rel="nofollow">CoinMarketCap</a> showed that the altcoin saw its price rise more than 34% in the last seven days. As a result, ADA was changing hands at $0.6403 at press time.&nbsp; 
With ADA breaking above the $0.60 mark, the altcoin may continue to attract traders who have a fear of missing out. This potential wave may have the strength needed to elevate ADA to $1 in the coming few weeks. 
<figure class="wp-block-image size-full">
 <img decoding="async" src="https://www.tradingview.com/x/FNOXTgZx/" alt="">
 <figcaption class="wp-element-caption">
 Daily chart for ADA/USDT (Source: <a href="https://www.tradingview.com/x/FNOXTgZx/" target="_blank" rel="nofollow">TradingView</a>)
 </figcaption>
</figure> 
ADA was able to break above the key resistance level at $0.5940 over the last four days and continued to trade above this significant price point as of press time as well. If ADA is able to sustain a position above $0.5940 for the next week, it may have the foundation needed to continue climbing in the following two weeks. 
In this bullish scen…
The post <a href="https://coinedition.com/can-cardanos-bulls-push-for-1-after-a-34-surge-in-the-past-week/">Can Cardano’s Bulls Push for $1 After a 34% Surge in the Past Week?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Can Cardano’s Bulls Push for $1 After a 34% Surge in the Past Week?

Coin Edition

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