Cardano

2024

April

Daily

Coin

<p>The Cardano price prediction shows that ADA is attempting to break more upsides as the coin moves to cross above the channel.</p>
<h2 id="ada-activity-surges-exploring-on-chain-metrics-for-future-insights">ADA Activity Surges: Exploring On-Chain Metrics for Future Insights</h2>
<p>ADA has experienced a significant increase in activity, marked by a surge in the number of large transactions. An astounding 25 billion ADA were moved within a single 24-hour period. This on-chain activity mirrors ADA’s price movement, prompting a closer examination of on-chain metrics and their potential implications for the asset’s future trajectory.</p>
<h2 id="cardano-statistics-data">Cardano Statistics Data:</h2>
<ul>
 <li>Cardano price now – $0.52</li>
 <li>Cardano market cap – $17.7 billion</li>
 <li>Cardano circulating supply – 35.6 million</li>
 <li>Cardano total supply – 36.8 billion</li>
 <li>Cardano CoinMarketCap ranking – #10</li>
</ul>
<h2 id="ada-usd-market">ADA/USD Market</h2>
<p>Key Levels:</p>
<p>Resistance levels: $0.70, $0.75, $0.80</p>
<p>Support levels: $0.35, $0.30, $0.25</p>
<figure id="attachment_511746" aria-describedby="caption-attachment-511746" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="wp-image-511746 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/04/ADAUSD_06042024.png" alt="Cardano Price Prediction for Today, April 24 - ADA Technical Analysis" width="1374" height="744" srcset="https://insidebitcoins.com/wp-content/uploads/2024/04/ADAUSD_06042024.png 1374w, https://insidebitcoins.com/wp-content/uploads/2024/04/ADAUSD_06042024-300x162.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/04/ADAUSD_06042024-1024x554.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/04/ADAUSD_06042024-768x416.png 768w" sizes="(max-width: 1374px) 100vw, 1374px">
 <figcaption id="caption-attachment-511746" class="wp-caption-text">
  ADAUSD – Daily Chart
 </figcaption>
</figure>
<p>The Cardano price is attempting to cross above the 21-day moving average while the $0.45 support level remains the critical support. However, for the past few days, <a href="https://coinmarketcap.com/currencies/cardano/" rel="noopener noreferrer nofollow">ADA/USD</a> has been hovering above the 9-day moving average, and this could push the coin to gain more upsides.</p>
<h2 id="cardano-price-prediction-will-cardano-move-higher">Cardano Price Prediction: Will Cardano Move Higher?</h2>
<p>The Cardano price may continue to rise and could probably trade near the upper boundary of the channel if the bulls defend the $0.52 level. Therefore, any further bullish movement above the channel may push the price to the potential resistance levels of $0.70, $0.75, and $0.80.</p>
<p>Therefore, this technical analysis may be invalidated if the bears break below the channel’s lower boundary, which could hit the support levels at $0.35, $0.30, and $0.25. Meanwhile, the 9-day moving average remains below the 21-day moving average, which could bring bearish signals into the market.</p>
<h2 id="ada-btc-remains-at-the-downside">ADA/BTC Remains at the Downside</h2>
<p>Against Bitcoin, the <a href="https://insidebitcoins.com/news/cardano-price-prediction-forecasting-35-downswing-as-insanitybets-presale-gains-momentum-2" rel="noopener noreferrer nofollow">Cardano</a> hovers within the 9-day and 21-day moving averages as the coin touches the resistance level of 782 SAT. However, any further bullish movement toward the upside may create additional gains for the market.</p>
<figure id="attachment_511745" aria-describedby="caption-attachment-511745" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="wp-image-511745 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/04/ADABTC_06042024.png" alt="Cardano Price Prediction for Today, April 24 - ADA Technical Analysis" width="1374" height="744" srcset="https://insidebitcoins.com/wp-content/uploads/2024/04/ADABTC_06042024.png 1374w, https://insidebitcoins.com/wp-content/uploads/2024/04/ADABTC_06042024-300x162.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/04/ADABTC_06042024-1024x554.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/04/ADABTC_06042024-768x416.png 768w" sizes="(max-width: 1374px) 100vw, 1374px">
 <figcaption id="caption-attachment-511745" class="wp-caption-text">
  ADABTC – Daily Chart
 </figcaption>
</figure>
<p>Nevertheless, if the buyers increase the buying pressure, higher resistance could be located at 1000 SAT and above. Looking at the daily chart, the 9-day MA is likely to cross above the 21-day MA, indicating that buyers are coming to play. Meanwhile, should the bulls fail to move the current market value to the upside, bears may return to the market, and the nearest support level could be located at 600 SAT and below.</p>
<p>@Eilert shared on X (formerly Twitter) with his followers that during the last retest of the bull market support band, $ADA took nearly 12 weeks to reclaim its position above it. Currently, we’re only in week 2. In the meantime, take a breather and immerse yourself in exploring the #Cardano ecosystem before its potential explosion.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">The last time <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ADA</a> retested the bull market support band, it took almost 12 weeks to get back above it.</p>
 <p>We're now on week 2.</p>
 <p>Meanwhile, just relax and spend time getting to know the <a href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Cardano</a> ecosystem before it blows up. <a href="https://t.co/C9HBAlRp9t" rel="noopener noreferrer nofollow">pic.twitter.com/C9HBAlRp9t</a></p>
 <p>— Eilert (@Eilert) <a href="https://twitter.com/Eilert/status/1783001268488659326?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 24, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h2 id="alternatives-to-cardano">Alternatives to Cardano</h2>
<p>Cardano has displayed resilience with an upward trajectory, supported by technical analysis. Currently touching a resistance level of $0.523, Cardano sustains its bullish momentum, with the 9-day Moving Average (MA) signaling continued positivity. As the 10th largest cryptocurrency with a market cap of $17.7 billion, Cardano’s slightly bullish trend persists. Meanwhile, the <a href="https://insidebitcoins.com/visit/dogeverse" rel="noopener noreferrer nofollow">Dogeverse</a> presale, a multi-chain meme coin, concludes after raising $10.5 million, offering investors a chance to join a pioneering revolution.</p>
<p>Dogeverse, the 100X Potential Meme Coin, Secures $10M – Top Crypto Investment Opportunity?</p>
<p><iframe title="100X POTENTIAL MEME COIN Dogeverse Raises $10M - Best Crypto to Buy Now?!" width="640" height="360" src="https://www.youtube.com/embed/b18ubxWqXm0?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></p>
<p>Explore the immense potential of Dogeverse, a 100X Potential Meme Coin that has recently raised $10 million. With such substantial backing, Dogeverse presents an exciting opportunity for investors seeking remarkable growth in the crypto market. Don’t miss out—invest today and join the Dogeverse revolution!</p>
<p>You can benefit from&nbsp;<a href="https://insidebitcoins.com/visit/dogeverse" rel="noopener noreferrer nofollow">Dogeverse</a>&nbsp;now.</p>
<h2 id="related-news">Related News</h2>
<ul>
 <li><a href="https://insidebitcoins.com/news/cardano-price-prediction-forecasting-35-downswing-as-insanitybets-presale-gains-momentum-2" rel="noopener noreferrer nofollow">Cardano Price Prediction: Forecasting 35% Downswing as InsanityBets Presale Gains Momentum</a></li>
 <li><a href="https://insidebitcoins.com/news/new-multichain-meme-coin-dogeverse-ico-blasts-past-10-million" rel="noopener noreferrer nofollow">New Multichain Meme Coin Dogeverse ICO Blasts Past $10 Million</a></li>
</ul>

Cardano Price Prediction for Today, April 24 – ADA Technical Analysis

Table of Contents

Inside Bitcoins

Other articles published on Apr 24, 2024

Will FTX’s Solana Auction This Week Put Breaks to SOL Price Surge?

Ripple’s Legal Victories Boost XRP: Is a Price Explosion Imminent? Are you Buying or Selling?

Bitcoin Whale ‘FOMO’ Escalates as BTC Value Lingers Under $67K Liquidity Zone

Nigeria’s central bank forced to deny claims of crypto account freeze

Exploring YOYOW: A Cryptocurrency Empowering Content Creators

DogWifHat Price Jumps 17% As WIF Futures On Coinbase Near And This New Solana Rival Soars Past $1...

Join our free newsletter for daily crypto updates!