Based

Cardano

2024

<p>With the crypto market reaching $3.34 trillion, a massive jump of 44% over the past 24 hours, Cardano has topped the $1 psychological mark. Currently, the ADA has an exchange price of $1.089 and has surged nearly 24% in the past 24 hours.&nbsp;</p>   
<p>As the market cap crosses the $37 billion mark, the underlying sentiments present the next price target at $2.00. Will the ongoing rally result in a 100% surge in ADA price in this bull market? Let's find out in Coinpedia's latest Cardano price analysis.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-cardano-price-analysis"><strong>Cardano Price Analysis</strong></h2>   
<p>In the daily chart, the ADA price trend shows exponential gains in a parabolic manner. Starting from the $0.32 mark, the altcoin has now surged by nearly 235%. The bullish influence has resulted in a golden crossover and a positive crossover between the 100-day and 200-day EMA lines.&nbsp;</p>   
<figure class="wp-block-image size-full">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/11/23123925/ada-23-11-24.webp" alt="Cardano Price Analysis 23rd Nov 2024" class="wp-image-384100">
 <figcaption class="wp-element-caption">
  Cardano Price Analysis 23rd Nov 2024
 </figcaption>
</figure>   
<p><a href="https://www.tradingview.com/x/0M8HmeLJ/" target="_blank" rel="noreferrer noopener">Tradingview</a></p>   
<p>Moreover, the MACD and signal lines experience a new uptick as the bullish momentum grows. With six consecutive bullish candles, the altcoin has increased by nearly 60% this week.&nbsp;</p>   
<p>Speaking of the entire bull run, the altcoin has registered only two negative candles over the past 19 days and has surged by 235%.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-will-cardano-hit-2"><strong>Will Cardano Hit $2?</strong></h2>   
<p>Based on the Fibonacci levels, the exponential rally has crossed the 1.272 Fibonacci level at $0.9928 and is now heading to challenge the 1.618 level. The next Fibonacci resistance level is $1.35, and the current price trend will likely continue within this range.&nbsp;</p>   
<p>A bullish breakout will increase the likelihood of reaching the $1.92 mark. On the flip side, the $0.9928 remains a crucial support. A breakdown below this will challenge the $0.8669 and $0.7757.</p>   
<p>Will Cardano reach $10? Find out NOW in Coinpedia’s <a href="https://coinpedia.org/price-prediction/cardano-price-prediction/" target="_blank" rel="noreferrer noopener">Cardano price prediction</a>, and subscribe to us for the latest crypto updates.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-faqs"><strong>FAQs</strong></h2>   
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1732345825258">
  <strong class="schema-faq-question"><strong>What caused Cardano (ADA) to cross the $1 mark?</strong></strong> 
  <p class="schema-faq-answer">Cardano's exponential rally, supported by a golden crossover and strong bullish momentum, helped it break the $1 mark during the ongoing crypto bull run.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1732345860594">
  <strong class="schema-faq-question"><strong>What are Cardano's next price targets?</strong></strong> 
  <p class="schema-faq-answer">Based on Fibonacci levels, ADA's next resistance is at $1.35, with a bullish breakout potentially leading to $1.92 or even $2.00.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1732345888134">
  <strong class="schema-faq-question"><strong>What happens if ADA fails to sustain current levels?</strong></strong> 
  <p class="schema-faq-answer">A breakdown below the key support at $0.9928 could push ADA to retest lower levels at $0.8669 or $0.7757.</p> 
 </div> 
</div>

Cardano (ADA) Price Analysis: Is ADA on Track to Hit $2?

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