Cardano

Momentum

when

<ul class="news-points"> 
 <li>A close below the 20 EMA, which was at $0.70, could drag ADA further down.</li> 
 <li>On-chain metrics indicated a healthy Cardano network, suggesting a short-term recovery.</li> 
 <li>Bulls no longer dominated XRP’s price action as the next target could be close to $0.54.</li> 
</ul> 
<a href="https://coinedition.com/cardano-ada-price-prediction/">Cardano’s (ADA) price</a> rallied to $0.76 on March 2 as altcoins in the market continued to jump. The uptrend meant ADA’s value had increased by 21.89% in the last seven days. <a href="https://coinedition.com/tag/ripple-xrp/">Ripple (XRP) also registered a similar performance as the price</a> reclaimed $0.62. 
However, ADA’s upswing had slowed down at press time. According to the 4-hour ADA/USD chart, the value decreased by 1.98% in the last 24 hours. An in-depth analysis of the price revealed that ADA faced a barrier at $0.69.&nbsp; 
But bulls were able to push above the resistance by banking on the $0.67 support when the price retraced. As of this writing, ADA’s price has decreased to $0.71. However, the Exponential Moving Average (EMA) indicated that the token could experience another upswing.&nbsp; 
<h2 class="wp-block-heading" id="h-ada-is-caught-in-between-the-sticks">ADA Is Caught In Between the Sticks</h2> 
At press time the 9 EMA had flipped the 20 EMA (yellow), suggesting a bullish trend. However, traders might need to watch as …
The post <a href="https://coinedition.com/ada-xrp-target-new-numbers-as-altcoins-momentum-slows-down/">ADA, XRP Target New Numbers as Altcoins Momentum Slows Down</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

ADA, XRP Target New Numbers as Altcoins Momentum Slows Down

Table of Contents

Coin Edition

Other articles published on Mar 3, 2024

Partnership & Next steps for Looted

Elite Cryptocurrency Wallet Achieved 330x Profit in 2 Months on the Solana Network: Which Trades ...

Ethereum Adapts to a Static Crypto Market

Bitcoin Cash Price Prediction: BCH Soars 55% As Traders Pile Into This Bitcoin Derivative Ahead O...

Shiba Inu ‘s 128% Surge: Future of SHIB?

Sonic Frontiers Development Revealed: Sega’s Make or Break Project

Join our free newsletter for daily crypto updates!