Boost

Cardano

bullish

<ul class="wp-block-list news-points">
 <li>Cardano’s $ADA rallies nearly 20%, testing the $0.726 level.&nbsp;&nbsp;</li>
 <li>Founder Charles Hoskinson hints at involvement in shaping U.S. crypto policies.&nbsp;&nbsp;</li>
 <li>Bitcoin’s positive momentum propels Cardano’s potential $2.48 breakout.&nbsp;&nbsp;</li>
</ul>
Cardano’s ADA token jumped nearly 20% as it tested the critical $0.72 support level. Market analysts believe this rally could push the altcoin to its next target of $2.48, buoyed by Bitcoin’s bullish momentum and promising developments in U.S. cryptocurrency policies.
<div class="wp-block-image">
 <figure class="aligncenter size-full is-resized"><img decoding="async" width="592" height="505" src="https://coinedition.com/wp-content/uploads/2024/11/photo_2024-11-18_14-06-09.jpg" alt="" class="wp-image-546973" style="width: 100%;height:auto" srcset="https://coinedition.com/wp-content/uploads/2024/11/photo_2024-11-18_14-06-09.jpg 592w, https://coinedition.com/wp-content/uploads/2024/11/photo_2024-11-18_14-06-09-300x256.jpg 300w, https://coinedition.com/wp-content/uploads/2024/11/photo_2024-11-18_14-06-09-380x324.jpg 380w, https://coinedition.com/wp-content/uploads/2024/11/photo_2024-11-18_14-06-09-104x89.jpg 104w, https://coinedition.com/wp-content/uploads/2024/11/photo_2024-11-18_14-06-09-522x445.jpg 522w, https://coinedition.com/wp-content/uploads/2024/11/photo_2024-11-18_14-06-09-290x247.jpg 290w, https://coinedition.com/wp-content/uploads/2024/11/photo_2024-11-18_14-06-09-281x240.jpg 281w, https://coinedition.com/wp-content/uploads/2024/11/photo_2024-11-18_14-06-09-193x165.jpg 193w, https://coinedition.com/wp-content/uploads/2024/11/photo_2024-11-18_14-06-09-247x211.jpg 247w, https://coinedition.com/wp-content/uploads/2024/11/photo_2024-11-18_14-06-09-82x70.jpg 82w, https://coinedition.com/wp-content/uploads/2024/11/photo_2024-11-18_14-06-09-88x75.jpg 88w" sizes="(max-width: 592px) 100vw, 592px">
 </figure>
</div>
Looking at its past trends, the $0.726 support level has been a solid foundation for ADA’s upward movements. With this increased momentum, the ninth-ranked token is poised to reach the next major resistance level of $2.485. Technical indicators show ADA is in a strong uptrend, as seen in the RSI and MACD. The Relative Strength Index is above 50, indicating bullish momentum. The Moving Average Convergence Divergence shows a bullish crossover, confirming the upward trend.
This news fits with the broader market optimism. The positive sentiment around Bitcoin (BTC) has been key in driving ADA’s upward surge. As the dominant crypto asset continues its bullish run, it will lik…
The post <a href="https://coinedition.com/cardano-ada-to-2-48-hoskinson-trump-boost-price-20/" rel="noopener noreferrer nofollow">Cardano (ADA) to $2.48? Hoskinson, Trump Boost Price 20%</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Cardano (ADA) to $2.48? Hoskinson, Trump Boost Price 20%

Coin Edition

Other articles published on Nov 18, 2024

Stablecoin Minting Hits Bullish Highs: A $127B Signal for Crypto Investors?

Ripple’s Influence Questioned After Rumored Trump Connection

SEI Partners with Drift Zone for Gaming Boost

How to Get Rich Off Crypto: Unlock Wealth With These Top Coins in 2024

Metaplanet Issues ¥1.75B Bonds to Buy More Bitcoin (BTC)

WeFi to Enter New Phase of DeFi Following November $WFI Token Generation Event

Join our free newsletter for daily crypto updates!