Cardano

Bitcoin

Trillion

The post <a href="https://coinpedia.org/price-analysis/cardano-price-prediction-breakout-run-eyes-ada-price-at-1/" rel="noopener noreferrer nofollow">Cardano Price Prediction: Breakout Run Eyes ADA Price At $1</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
With the Bitcoin price reaching the $64,00peak, the crypto industry crosses the $2.30 Trillion mark with altcoins roaring. Amidst the top coins, the ADA price is gaining momentum for a breakout rally.&nbsp;
Escaping the falling channel followed by a successful retest of $0.57, the altcoin is racing to a new 52W high. In this recovering market, will Cardano reach the $10 mark? Check out our <a href="https://coinpedia.org/price-prediction/cardano-price-prediction/" rel="noopener noreferrer nofollow">Cardano price predictions</a> to find out.&nbsp;
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="481" src="https://image.coinpedia.org/wp-content/uploads/2024/02/29121401/image-246-1024x481.png" alt="" class="wp-image-273892" srcset="https://image.coinpedia.org/wp-content/uploads/2024/02/29121401/image-246-1024x481.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/02/29121401/image-246-300x141.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/02/29121401/image-246-768x361.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/02/29121401/image-246-1536x722.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/02/29121401/image-246-150x71.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/02/29121401/image-246.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
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Source: <a href="https://www.tradingview.com/x/VFLhJhUq/" rel="noopener noreferrer nofollow">TradingView</a>
With a bullish takeoff from the $0.57 retest, the ADA price is making a streak of green candles and accounts for 18%. Further, the recovery rally is challenging the previous peak formation at $.682 for a new 52-week high.
Currently, the ADA price trades at $0.675 with an intraday growth of 7.31%, which projects a potential bullish breakout. Further, the 134% hike in the intraday trading volume supports the ongoing frenzy. With a market cap of $24.25 billion, Cardano ranks at #8 amongst the top coins.&nbsp;
As per the Fibonacci levels, Cardano is ready for a new peak, which can result in the rounding reversal breakout. In such a case, the bull run is inevitable.&nbsp;
Technical indicators:
MACD Indicator: With the ongoing reversal, the MACD and signal lines are diverging for a bullish crossover. This marks a trend reversal in Cardano’s price trend and teases a bullish jump.&nbsp;
<h2 class="wp-block-heading" id="h-will-ada-price-reach-1">Will ADA Price Reach $1?</h2>
With the bulls out of control, the crypto market is rising to new heights and teasing a strong recovery in altcoins. In this bull market, the breakout rally of $0.70 can boost the ADA price to new heights and potentially reclaim the $1 mark.&nbsp;
Therefore, closing above the $0.70 mark will signal an entry spot for sideline traders.&nbsp;

Cardano Price Prediction: Breakout Run Eyes ADA Price At $1

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