Cardano

Cryptocurrency

<ul>
 <li><a href="https://www.coingabbar.com/en/crypto-currency/cardano-ada-prices-usd" title="Cardano's price" class="f-link" rel="noopener noreferrer nofollow">Cardano's price</a> surged above the $0.700 resistance zone against the US Dollar, also surpassing $0.720 and $0.750 levels in line with #Bitcoin's performance.</li>
 <li>The current price action conforms to an Elliott wave pattern, indicating potential breakthroughs of significant resistance levels.</li>
 <li>Over nearly two years, #Cardano's price movement has completed a cup and handle pattern, suggesting bullish sentiment.</li>
 <li>The recent rebound corresponds to the third wave of Elliott wave theory, signaling a move towards local highs.</li>
 <li>March 1st saw $ADA's price decisively break above the neckline resistance of the cup and handle pattern, marking a robust recovery phase.</li>
 <li>A bullish pennant formation is observable on the four-hour $ADA chart, with a target price estimate of approximately $0.85.</li>
 <li>Further upward movement is expected if #Cardano surpasses the $0.80 resistance level.</li>
 <li>Cardano shows indications of following an Elliott wave pattern, potentially aiming for $0.90 in the coming weeks after surpassing the critical $0.80 resistance mark.</li>
 <li>As per <a href="https://www.coingabbar.com/en/price-analysis" title="Coingabbar's analysis" class="f-link" rel="noopener noreferrer nofollow">Coingabbar's analysis</a>, #Cardano price prediction 2030 might reach $10, while Cardano price prediction 2040 might exceed $25.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $0.9000-$1.2500
SUPPORT LEVEL : $0.6800-$0.5700
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgement, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing

Cardano Price Prediction: Is ADA's $1 Surge on the Horizon

Coingabbar

Other articles published on Mar 5, 2024

Orange Domains: Unifying Web2 and Web3

Breaking: Germany Stock Exchange Firm Deutsche Boerse Launches Crypto Trading Platform

De-dollarization? BRICS plan crypto payment system

How Kelexo (KLXO) is Poised to Outperform Chainlink (LINK) Gains and Leave Litecoin (LTC) Holders...

Bitcoin’s Surge Nears Record Highs as Analysts Speculate on Altcoin Season

Economic Data Influences Crypto Trading Trends

Join our free newsletter for daily crypto updates!