Altcoin News by Thebittimes.Com

Cardano (ADA) price is near $0.37, a key support area for the coin as altcoins decline.  An analyst says the 4-hour chart shows a potential buy signal for ADA. A rebound for Cardano could also be helped by a flip in on-chain metrics. As cryptocurrencies pulled back on Monday, Cardano ( ADA ) saw its price drop below $0.38 again, pushing the altcoin to a support level seen as price s rose last week. But is ADA poised for a rebound? A crypto analyst shared the forecast below on X. Analyst points to ADA buy signal While the overall declines across the market might see sellers attempt at extending their grip, a crypto analyst says a potential buy signal for ADA is formed on the 4-hour chart. What technical indicators support the analyst’s take? Here’s the prediction. “ Look how the 100-EMA on the 4-hour chart has acted as a rebound zone for $ ADA while the $0.396 level acts as a stiff resistance ,” Ali noted in a post on X. ...

According to the daily chart, the Cardano price prediction shows that ADA breaks out as the price aims for a new high at $0.50. Cardano Prediction Statistics Data: Cardano price now – $0.410 Cardano market cap – $14 billion Cardano circulating supply – 34.3 billion Cardano total supply – 35 billion Cardano Coinmarketcap ranking – #8 ADA/USD Market Key Levels: Resistance levels: $0.50, $0.52, $0.54 Support levels: $0.30, $0.28, $0.26 ADAUSD – Daily Chart ADA/USD with all its blazing guns hits a new monthly high above $0.41 surging more than 14.8% at the time of writing. As expected, the cryptocurrency with a market cap of $14 billion has finally given a breakout about 9-day and 21-day moving averages, which has now entered the price discovery mode. However, the journey has just started for the coin as the Cardano price is eyeing the $0.50 level to be its next target. Cardano Price Prediction: Would Cardano Price Move Higher? Looking at...