Shiba

Cardano

bullish

Million

Shiba Inu

<p>The Cardano price dropped more than 3% in the last 24 hours <a href="https://www.coingecko.com/en/coins/cardano">to trade at $0.3282</a> as of 3:30 a.m. EST, on a 66% surge in trading volume to $279 million.</p> 
<p>This drop in the ADA price comes despite the <a href="https://insidebitcoins.com/news/cardano-price-prediction-ahead-of-chang-hard-fork-as-traders-buy-this-red-hot-doge-ico-offering-the-last-chance-to-buy-cheap">Cardano</a> network launching the Chang hard fork yesterday. The Chang hard fork is a major upgrade set to introduce significant changes to the mainnet, and includes mechanisms for user participation in blockchain governance.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">.<a href="https://twitter.com/Cardano?ref_src=twsrc%5Etfw">@Cardano</a> has started its move from centralized to decentralized governance by launching the first stage of the Chang hard fork. </p> 
 <p>This is an important step towards making Cardano a blockchain fully governed by its community. <a href="https://t.co/32dneDlHug">pic.twitter.com/32dneDlHug</a></p> 
 <p>— CryptoTvplus (@Cryptotvplus) <a href="https://twitter.com/Cryptotvplus/status/1830527934878097761?ref_src=twsrc%5Etfw">September 2, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<h2 id="cardano-price-bulls-face-downward-pressure-can-the-support-zone-hold">Cardano Price Bulls Face Downward Pressure: Can The Support Zone Hold?</h2> 
<p>The ADA/USDT daily chart shows the price trading within a well-defined bearish channel.</p> 
<p>Cardano has found support at the $0.3010 level, forming a potential double-bottom pattern. This specific chart pattern is often considered a bullish reversal signal. As such, bulls could capitalize on this support zone to drive the ADA price higher and eventually initiate a rally above the bearish channel.</p> 
<p><img decoding="async" class="wp-image-571804 size-full aligncenter" src="https://insidebitcoins.com/wp-content/uploads/2024/09/ADAUSDT_2024-09-02_10-52-13.png" alt="Cardano price" width="1281" height="545" srcset="https://insidebitcoins.com/wp-content/uploads/2024/09/ADAUSDT_2024-09-02_10-52-13.png 1281w, https://insidebitcoins.com/wp-content/uploads/2024/09/ADAUSDT_2024-09-02_10-52-13-300x128.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/09/ADAUSDT_2024-09-02_10-52-13-1024x436.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/09/ADAUSDT_2024-09-02_10-52-13-768x327.png 768w" sizes="(max-width: 1281px) 100vw, 1281px"></p> 
<p style="text-align: center">ADAUSDT Analysis Source: Tradingview</p> 
<p>The Cardano price is now positioned below the 50-day Simple Moving Average at $0.3730 and the 200-day SMA at $0.4810, indicating that the broader trend remains bearish.</p> 
<p>However, a breakout above the bearish channel and the 50-day SMA could trigger a bullish move towards the target price near $0.4000, representing a significant reward opportunity.</p> 
<p>The Relative Strength Index (RSI) currently stands at 37.98, indicating that ADA is nearing oversold conditions, which could support a bounce in the Cardano price.</p> 
<p>However, a failure to break above the current resistance and maintain support at $0.3000 could result in continued downward pressure, potentially leading to retests of lower levels.</p> 
<h2 id="cardano-price-shows-signs-of-a-bullish-trend-reversal">Cardano Price Shows Signs Of A Bullish Trend Reversal</h2> 
<p>For the bullish reversal to remain in play, ADA needs to break above the 50-day SMA. If this happens, it might signal a shift in market sentiment that could lead to further gains.</p> 
<p>The formation of a double bottom near support and the potential breakout from the bearish channel suggest a shift in momentum. If ADA manages to break out, it could rise to the $0.3750 – $0.4513 range, where traders might consider taking profits.</p> 
<p>The rising trading volume near support also hints at increasing buying interest, indicating that investors could be accumulating in anticipation of a bullish move.</p> 
<h2 id="shibashoot-presale-crosses-1-million-best-meme-coin-to-buy-now">SHIBASHOOT Presale Crosses $1 Million: Best Meme Coin To Buy Now?</h2> 
<p>As ADA traders gear up for a passible rally, <a href="https://insidebitcoins.com/visit/shibashootout" rel="nofollow">Shiba Shootout (SHIBASHOOT)</a>, a Shiba Inu derivative, continues to attract more investors after storming past $1 million in early funding.</p> 
<p>This bullish enthusiasm has caught the attention of crypto analyst and YouTuber Crypto Zeus, who says that SHIBASHOOT may explode 100X after its launch.</p> 
<p><iframe title="NEXT SHIBA INU ?! 🔥 PRICE PREDICTION FOR LOW CAP MEMECOIN?! 🤯💥 THIS IS BIG!🔥 WOW!" width="640" height="360" src="https://www.youtube.com/embed/jCytgwPC-84?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></p> 
<p>Set in the fictional town of Shiba Gulch, Shiba Shootout immerses players in thrilling gunfights featuring Shiba Inu-themed cowboys, where they can earn SHIBASHOOT tokens and experience engaging gameplay.</p> 
<p>However, Shiba Shootout is more than just hype; it’s a play-to-earn (P2E) game with a growing ecosystem. A simplified version of the game is now available on Google Play and the Apple App Store, allowing early adopters to get a taste of what’s to come.</p> 
<p>The game also features a Posse Rewards referral program, where players can invite new users and earn tokens for both themselves and their recruits.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">$SHIBASHOOT isn’t your average memecoin. 💯</p> 
 <p>It combines innovation and strategy with a Wild West theme. 🤩</p> 
 <p> Join us for fun events and a clear path to value! 🚀 <a href="https://t.co/JW1vRcBbu1">pic.twitter.com/JW1vRcBbu1</a></p> 
 <p>— shibashootout (@shibashootout) <a href="https://twitter.com/shibashootout/status/1828013617100313082?ref_src=twsrc%5Etfw">August 26, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>Operating with a DAO-like structure, Shiba Shootout includes Token Governance Roundups where all SHIBASHOOT holders can vote on crucial project decisions.</p> 
<p>Investors looking to maximize their returns can also take part in the project’s staking opportunity, which is offering an impressive 880% APY.</p> 
<p>Currently, investors are snapping up SHIBASHOOT tokens at $0.0201 each through the official website’s buy widget. With prices set to increase in less than 7 days, now is the ideal time to get in on the meme coin.</p> 
<p><a href="https://insidebitcoins.com/visit/shibashootout" rel="nofollow">Buy SHIBASHOOT tokens here using ETH, USDT, or bank card.</a></p> 
<h3 id="related-articles">Related Articles</h3> 
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 <li><a href="https://insidebitcoins.com/news/shiba-shootout-storms-past-1m-in-presale-dont-miss-out-on-the-last-meme-coin-standing">Shiba Shootout Storms Past $1M In Presale – Don’t Miss Out On The Last Meme Coin Standing</a></li> 
 <li><a href="https://insidebitcoins.com/news/simons-cat-price-prediction-cat-soars-397-as-this-shiba-inu-themed-ico-barrels-past-1-million-raised">Simon’s Cat Price Prediction: CAT Soars 397% As This Shiba Inu-Themed ICO Barrels Past $1 Million Raised</a></li> 
 <li><a href="https://insidebitcoins.com/news/is-it-too-late-to-buy-snoofi-reddit-dog-price-skyrockets-225-as-this-shiba-inu-2-0-closes-on-1-million">Is It Too Late To Buy SNOOFI? Reddit Dog Price Skyrockets 225% As This Shiba Inu 2.0 Closes On $1 Million</a></li> 
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Cardano Price Prediction: ADA Drops 3% After Chang Hard Fork Launch As Investors Flock To This P2E SHIB Derivative For Its 880% APY

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