2024

Moon

when

Coin

<ul class="news-points">
 <li><strong>Carl Runefelt predicts ADA could surge 31.3% if it maintains its current range low.</strong></li>
 <li><strong>Indicators signal bullish momentum for ADA, approaching the $0.52 resistance level.</strong></li>
 <li><strong>ADA’s trading below 50-day and 100-day moving averages hints at lingering bearish momentum.</strong></li>
</ul>
<p>Market analyst Carl Runefelt, known as “The Moon,” recently shared an optimistic forecast for Cardano’s ADA token, suggesting a potential price surge if it maintains its current support level.</p>
<p>“If we hold this range-low, we may see a nice PUMP!” Runefelt tweeted, hinting at a bullish trend for ADA.</p>
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/ADA?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#ADA</a> looks bullish <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f7e2.png" alt="🟢" class="wp-smiley" style="height: 1em; max-height: 1em;"> If we hold this range-low, we may see a nice PUMP! <a href="https://t.co/qgsdBlOQep" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/qgsdBlOQep</a></p>— The Moon (@TheMoonCarl) <a href="https://twitter.com/TheMoonCarl/status/1807794036717113462?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 1, 2024</a>
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</figure>
<h2 class="wp-block-heading" id="h-ada-to-gain-31-to-0-5222"><strong>ADA to Gain 31% to $0.5222</strong></h2>
<p>According to Runefelt’s analysis, ADA has been moving within a range, capped at $0.5222 and finding support within a yellow rectangle at $0.35. This trend follows a broader bearish trajectory initiated on March 14, when ADA peaked at $0.8120.</p>
<p>Despite this downward trend, the $0.35 support level has proved resilient, allowing ADA to bounce back and stabilize above $0.3976. However, Runefelt’s chart further suggests that ADA appears…</p>
<p>The post <a href="https://coinedition.com/cardano-ada-poised-for-31-jump-analyst-says/" rel="noopener noreferrer nofollow">Top Analyst Predicts 31% Surge for Cardano’s ADA to $0.52</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Top Analyst Predicts 31% Surge for Cardano’s ADA to $0.52

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