Cardano is ready for a huge price increase
Cardano has shown a nice upward trend in recent days. The coin is therefore showing bullish signs that could lift the price well above $1. The ADA price is back above the 50 EMA For example, the 1D chart...
Cardano has shown a nice upward trend in recent days. The coin is therefore showing bullish signs that could lift the price well above $1.
The ADA price is back above the 50 EMA
For example, the 1D chart shows that ADA is trading above the 50-day Exponential Moving Average (EMA) again. That is a very bullish fact.
ADA 1D chart – Source: TradingviewSince Cardano is currently trading above its 20-day and 50-day EMAs, many traders have turned extremely bullish. These EMAs often provide strong resistance areas and when these are broken, the price can rise significantly.
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ADA price rises by 30% in a week
At the time of writing, the price of 1 ADA token is around $1.07. This means that the price has risen by more than 8 percent in 1 day. Cardano has even made a profit of more than 30 percent in the past 7 days. This makes ADA by far the best performing major crypto coin at the moment.
Proposals Catalyst F14 - Cast your vote, search "Otavio" in the Voting App.
If you are you using your ADA to vote in Cardano’s Project Catalyst don’t forget to voice your vote. We would be excited if you can see, comment, share and vote for us. Tip: To find them its easiest to search for "Otavio"Vote for Us
