Cardano (ADA) Price Rides Bullish Momentum Amid Market Rise
ADA’s price had risen to $1.20 from $1.10 only a day before. Cardano may aim for $1.41 if it rises The post has appeared first on thenewscrypto.com

8 hours ago | 2 mins read

- ADA’s price had risen to $1.20 from $1.10 only a day before.
- Cardano may aim for $1.41 if it rises beyond the $1.28 threshold.
Bitcoin seems to be making a strong push over $44,000 as the crypto industry reclaims $2 trillion again. Most importantly, Bitcoin has closed above its 50-day moving average of $42,500 for the first time in almost a month. In March 2022, famous crypto market researcher Lark Davis says the price of bitcoin might reach a new all-time high according to historical tendencies.
Cardano, on the other hand, has a promising chart. ADA’s price had risen to $1.20 from $1.10 only a day before. The $1.10 level has served as a barrier for ADA in the past.

The coins price has risen by 6% in the previous 24 hours alone. The bulls will be able to break over the $1.28 immediate barrier level if prices remain above $1.20. Cardano may aim for $1.41 if it rises beyond the $1.28 threshold.
Read More: Cardano Price Prediction
Bulls Aiming for $1.41 Price Level
A narrow range of $0.90 to $1 has been defining the price of Cardano for the previous several weeks. ADA’s recent market-wide price rise has resulted in a northward movement. If the present price movement continues, ADA might soon be aiming for $1.41. Technically, the currency seems to be on the upswing. On the four-hour chart, the bulls were in control, indicating that there appears to be a significant amount of buying power.
ADA has shown a Golden Cross and gained 14.7 percent over the previous week. Cardano’s price is now above its 20-day simple moving average, indicating that the market’s momentum is tilted in favor of buyers. According to CoinMarketCap, the Cardano price today is $1.23 USD with a 24-hour trading volume of $2,528,470,263 USD. Cardano is up 5.51% in the last 24 hours.
Delegate Your Voting Power to FEED DRep in Cardano Governance.
DRep ID: drep12ukt4ctzmtf6l5rj76cddgf3dvuy0lfz7uky08jfvgr9ugaapz4 | We are driven to register as a DRep by our deep dedication to the Cardano ecosystem and our aspiration to take an active role in its development, ensuring that its progress stays true to the principles of decentralization, security, and community empowerment.DELEGATE VOTING POWER!