Cardano

bullish

2024

Coin

<ul class="wp-block-list news-points"> 
 <li>Cardano (ADA) may soon rebound as indicators suggest a bullish reversal after a retracement.</li> 
 <li>Market momentum and volume signals hint at rising buying interest for a potential ADA rebound.</li> 
 <li>ADA shows accumulation and bullish signals, supported by key indicators on Bybit and Binance.</li> 
</ul> 
Cardano (ADA) might be poised for a rebound after a recent price drop, according to crypto analyst Trend Rinder. In a post on his social media account, Rinder pointed to a pullback following ADA’s recent surge, suggesting an opportunity for a healthy bounce back. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/270d.png" alt="✍" class="wp-smiley" style="height: 1em; max-height: 1em;">So <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ADA</a> had a big pump, and now it came back down to liquidate longs. We could see a healthier bounce from here as it could print a higher low. I would like to see a bounce signal like the one we got from our indicators a couple weeks ago. We traded the first bounce, no… <a href="https://t.co/YmEc2AvbPy" target="_blank" rel="nofollow">pic.twitter.com/YmEc2AvbPy</a>— Trend Rider (@TrendRidersTR) <a href="https://twitter.com/TrendRidersTR/status/1828909797854367767?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">August 28, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
Rinder believes the current price movement resembles a past scenario where ADA found support at lower levels before rallying. This suggests the market could soon signal a bullish reversal. 
An analysis of ADA/USDT on Binance using Trend Rinder’s indicators shows a retracement af…
The post <a href="https://coinedition.com/cardano-ada-rebound-analyst-sees-bullish-signs/">Cardano (ADA) Rebound: Analyst Sees Bullish Signs</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Cardano (ADA) Rebound: Analyst Sees Bullish Signs

Coin Edition

Other articles published on Aug 29, 2024

Crypto Investor Sees Altcoins in Accumulation Phase

Ethereum Faces Significant Price Decline Due to Whale Activity

Serum Price Prediction 2024, 2025, 2030: Is SRM Crypto A Good Investment For 2024?

VeChain News: VeBetterDAO Surpasses 2 Million Transactions in Just 9 Weeks, Paving the Path to Su...

Meta is planning mixed reality glasses they’re calling ‘Puffin’ — Report

Bitcoin Miners Combat Falling Profits with Alternative Revenue Raisers

Join our free newsletter for daily crypto updates!