Cardano

Rally

Elite

The Graph

<p>Cardano (ADA) has experienced a significant price movement lately, with analysts predicting a bullish recovery for the blockchain platform. XForceGlobal, a crypto analyst, <a href="https://x.com/XForceGlobal/status/1772244764781674847?s=20" target="_blank" rel="noopener noreferrer nofollow">shared</a> insights on ADA’s potential price trajectory, drawing parallels with Solana’s (SOL) price action. Meanwhile, altFINs, a top crypto analysis firm, has identified key support and resistance levels for Cardano, suggesting a potential buying opportunity.</p>
<h2 class="wp-block-heading" id="strong-echoes-of-solana-s-rally-strong"><strong>Echoes of Solana’s Rally</strong></h2>
<p>According to XForceGlobal, Cardano’s price correction resembles Solana’s “WXY move down,” a pattern often seen before a significant uptrend. The analyst notes that while the current downward move appears impulsive, it could be interpreted as a “cycle wave 2” if the bullish trend persists. XForceGlobal suggests a conservative upside target of 300-400% for a potential “cycle wave 3.”</p>
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<h2 class="wp-block-heading" id="strong-buying-opportunity-near-strong"><strong>Buying Opportunity Near</strong></h2>
<p>altFINs’ analysis highlights Cardano’s overall uptrend, despite a bearish momentum lately. The firm recommends buying near the $0.57 support level, which could present a swing trade entry opportunity with a potential 15% upside towards the $0.65-$0.68 resistance zone.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="573" src="https://captainaltcoin.com/wp-content/uploads/2024/03/image-1164-1024x573.png" alt="" class="wp-image-460009" srcset="https://captainaltcoin.com/wp-content/uploads/2024/03/image-1164-1024x573.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1164-300x168.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1164-767x429.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1164-1536x859.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1164-2048x1146.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1164-268x150.png 268w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1164-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1164-626x350.png 626w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1164-788x440.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1164.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p><em>Source: </em><a href="https://captainaltcoin.com/go/altfins/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>altFINS – Start using it today</em></strong></a></p>
<h4 class="wp-block-heading">Key Observations:</h4>
<ul>
 <li>Trend: Downtrend in the short term, uptrend in medium and long term.</li>
 <li>Momentum: Bearish but showing signs of bottoming out, as indicated by rising MACD histogram bars.</li>
 <li>Support and Resistance: Nearest support at $0.57, resistance at $0.65-$0.68 and $0.80.</li>
</ul>
<h2 class="wp-block-heading" id="strong-current-price-action-strong"><strong>Current Price Action</strong></h2>
<p>According to CoinGecko data, the price of Cardano (ADA) is <a href="https://coingecko.com/en/coins/cardano" target="_blank" rel="noopener noreferrer nofollow">$0.6634</a>, with a 24-hour trading volume of $557,977,249.81. This represents a 5.43% price increase in the last 24 hours and a 2.38% increase over the past 7 days.</p>
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<p>The post <a href="https://captainaltcoin.com/expert-compares-cardanos-trajectory-to-solanas-sol-could-ada-see-a-300-400-increase-key-metrics-to-watch/" rel="noopener noreferrer nofollow">Expert Compares Cardano’s Trajectory To Solana’s (SOL): Could ADA See a 300-400% Price Increase? Key Metrics to Watch</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Expert Compares Cardano’s Trajectory To Solana’s (SOL): Could ADA See a 300-400% Price Increase? Key Metrics to Watch

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