<p style="margin-left:0px;">TheADA is a Decentralized and Scalable NFT Staking Protocol, governed by the community. Cardano is the market leader in PoS as a collection of protocols for economic support to billions of people. Over the last decade, the decentralized Finance (DeFi) space has been forced to evolve to keep pace with the development of the digital asset market. TheADA protocol will power foundational the new wave of flexible financial markets by providing a layer for instant stake approval, automated APR, trustless custody, and liquidity.&nbsp;</p><p style="margin-left:0px;">We believe Cardano will mature to be the Layer 1 platform of choice as developers and investors recognize the network’s potential to challenge the embedded status quo of monopolistic power structures within the world of crypto. As such, Cardano focuses on moving toward an all-inclusive technological standard and open platform with unmatched security and tremendous blockchain speed, all of which result in lower transaction fees. Since the Cardano project is under the administration of a non-profit foundation and offers many advanced functionalities, we project that most future blockchain and crypto projects will look to Cardano as the better option against its competitors.</p>

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The ADA

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		<ul>
<li><strong>Cardano’s (ADA) explosive run by 90% appears to be its highest since May 2022; meanwhile, an analyst expects a pullback in the short term. </strong></li>
<li><strong>Another analyst has predicted that ADA could rise to $15 if the bullish momentum continues. </strong></li>
</ul>
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<p><a href="https://www.crypto-news-flash.com/what-is-cardano-ada-the-best-3rd-generation-blockchain/" target="_blank">Cardano’s (ADA)</a> impressive response to the recent broad market rally has extended its gains in the past few weeks to <span>90%.</span> Fascinatingly, this is the highest it has ever reached since May 2022. In the past 24 hours alone, ADA has surged by <span>12%</span> on its weekly chart, bringing its month-to-date gain to <span>145%</span> and trading price to $0.9 at press time. Adding to this, the asset has made a dramatic comeback to the list of the top ten largest-cap cryptos with a market valuation of $31.6 billion.</p>
<p>Delving into this, we discovered that the ADA’s sudden bullish reversal is supported by the aggressive accumulation of whales (addresses that hold at least $10 million in ADA). Also, data from Tagus Capital estimates that the whales possess about $12 billion worth of ADA. Fascinatingly, this aligns with data that discloses that 8.7% of the total Cardano addresses (4.41 million addresses) belong to whales.</p>
<p>Another data confirms the growing trend of institutional demand as large transactions involving the asset have increased by <span>30%</span> in the last two weeks. According to experts, the surge of ADA could also be attributed to the insatiable search for alternatives as <a href="https://www.crypto-news-flash.com/what-is-bitcoin-btc-history-and-beginner-guide/" target="_blank">Bitcoin (BTC)</a> approaches $100k. This is evident in the broad market uptick as <a href="https://www.crypto-news-flash.com/what-is-ripple-and-what-is-xrp-origin-and-beginner-guide/" target="_blank">XRP</a> also surged by <span>24%</span> in the last 24 hours to hit $1.3.</p>
<h3>How Far Can Cardano (ADA) Go?</h3>
<p>According to renowned crypto analyst Dan Gambardello, ADA could hit $10 before the cycle ends. Per his observation, the asset has already succeeded in major indicators including the 20-week and 50-week moving averages. Our market data also shows that ADA has broken out of a major resistance range at $0.75-$0.76, indicating that $1 is imminent.</p>
<p>In his thesis, Gambardello highlighted that the asset was in consolidation around this stage in the previous cycle. This implies that there could be a short-term pullback where the asset would “cool off” before launching another upward surge.</p>
<p>Supporting the ongoing market trend with market indicators, Gambardello also pointed out that both the Relative Strength Index (RSI) and the MACD indicate a bullish momentum. Looking into this, we observed that the MACD histogram had taken a position above zero.</p>
<p>Cardano’s Insane Comeback: This ADA Chart is SCREAMING. Intro 00:00<br />
This happened fast 00:30<br />
Insane Cardano monthly candle 1:55<br />
This ADA weekly is weird 3:35<br />
Monitor daily chart for throwbacks 5:45<br />
Short term price action and targets 7:10 <a target="_blank" href="https://t.co/9l9f0E8YwB">pic.twitter.com/9l9f0E8YwB</a>— Dan Gambardello (@cryptorecruitr) <a target="_blank" href="https://twitter.com/cryptorecruitr/status/1859795000730714226?ref_src=twsrc%5Etfw">November 22, 2024</a></p>
<p>Meanwhile, another thesis suggests that the $1 point is a crucial psychological mark that aligns with the 61.8% Fibonacci retracement level. A successful breach would send ADA above its all-time high level at $3.12, proceed to reach the $6 level, and later target the $12.00 to $15.00 zone.</p>
<p>For Cardano’s on-chain activities, Coinglass data shows that futures Open Interest (OI) has also increased from the $585.37 million recorded earlier this week to $735 million, marking its highest number since November 2021.</p>
<figure><img srcset="https://www.crypto-news-flash.com/wp-content/uploads/2024/11/ADA-OI-768x272-1.png 768w, https://www.crypto-news-flash.com/wp-content/uploads/2024/11/ADA-OI-768x272-1-300x106.png 300w, https://www.crypto-news-flash.com/wp-content/uploads/2024/11/ADA-OI-768x272-1-150x53.png 150w, https://www.crypto-news-flash.com/wp-content/uploads/2024/11/ADA-OI-768x272-1-450x159.png 450w" src="https://www.crypto-news-flash.com/wp-content/uploads/2024/11/ADA-OI-768x272-1.png" alt="Coinglass" /><figcaption>Source: Coinglass</figcaption></figure>
<hr /><h6>Recommended for you:</h6>
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<p>This article is provided for informational purposes only and is not intended as investment advice. The content does not constitute a recommendation to buy, sell, or hold any securities or financial instruments. Readers should conduct their own research and consult with financial advisors before making investment decisions. The information presented may not be current and could become outdated.</p>			</article><section>
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Crypto News Flash (EN)

Cardano Hits Multi-Year High: Whale Accumulation and Institutions Fuel ADA Surge

<div><article><div><figure><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/16191025/Is-Cardano-Price-on-Track-to-Hit-1-Soon.webp" alt="Is Cardano Price on Track to Hit $1 Soon" srcset="https://image.coinpedia.org/wp-content/uploads/2024/11/16191025/Is-Cardano-Price-on-Track-to-Hit-1-Soon.webp 1200w, https://image.coinpedia.org/wp-content/uploads/2024/11/16191025/Is-Cardano-Price-on-Track-to-Hit-1-Soon-300x157.webp 300w, https://image.coinpedia.org/wp-content/uploads/2024/11/16191025/Is-Cardano-Price-on-Track-to-Hit-1-Soon-1024x536.webp 1024w, https://image.coinpedia.org/wp-content/uploads/2024/11/16191025/Is-Cardano-Price-on-Track-to-Hit-1-Soon-768x402.webp 768w" /></figure></div><div><p>Cardano’s price smashes new yearly highs at $0.92 for the first time since April 2022. Then the price continued to drain as the markets were stuck within a rising bear market, but now they are at the foothill of a huge bull run. Now that the tokens are heading towards their psychological barrier, market participants are looking at $100K for Bitcoin, $265 for Solana, $100 for Litecoin and $1 for the <a href="https://coinpedia.org/price-prediction/cardano-price-prediction/" target="_blank">ADA price</a> rally. </p><p>After reaching the levels above $0.92, the bulls are expected to push the prices harder towards the interim milestone. However, they are expected to test some crucial resistance, which may be considered a strong barrier, before hitting $1. The token has not visited this range in the past 30 months and it’s quite obvious that the traders stuck at this range may intensify their activity. Previously, the barrier was around $0.8, which was held for nearly a week and now it has shifted to $0.95. </p><p>Hence, reaching the interim milestone at $1 could be delayed for a while, probably in the first few days of December, if the current trade plays out well. </p><figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeFBgPD2uZ-O222cE5xoVr786wWin1lAgD4l62Sr5yeHDEZqS3D0I3tGt-aTGpeOmc06FsXqRGELY0Hlge0UPS2ERrYAZISUXFEMriAKavZwiD39TbfXKjcQYBN-5ErCyT6iI3Tqg?key=mkL2f4jwag38H9CoYsDWdggr" alt /></figure><p>The data from Intotheblock suggests more than 45,000 addresses have accumulated ADA within the range of $0.933 and $0.959, which is acting as a strong resistance zone. Before this, the price is required to surpass the zone between $0.90 and $0.933, where more than 28,000 addresses have accumulated the tokens. Once these resistance levels are cleared, the road to $1 may be extremely clear with almost no strong resistance in between. </p><p>So, what’s next for the ADA price rally after reaching $1? When will it mark a new ATH? </p><p>Similar to XRP, the ADA’s price is also extremely far from its ATH, which is around $3. The volumes over both tokens have dropped compared to that of the rally that led to the ATH. Hence, with the current volatility rate, marking a new ATH could be a tedious job, but once the flow of liquidity starts from Bitcoin to other altcoins and altseason kicks off, Cardano’s volume is also expected to increase. In such cases, the ADA price may revive a strong upswing and eventually mark a new ATH. </p></div> </article><div><h2>We'd Love to Hear Your Thoughts on This Article!</h2><div><h4>Was this writing helpful?</h4></div></div> </div>

Coinpedia

Cardano Hits a 30-Month High at $0.93, But the Road to $1 for the ADA Price Rally Could Be Difficult

<div> 																										<ul><span>Summary:</span><li>Cardano price market sentiment and momentum signal that a move to $1 is imminent, with the price having touched the highest level since 2022.</li></ul> <p>Cardano price continued with its strong upside on Friday, bringing it closer to the psychological $1 target. ADA was up by 5.3 percent at the time of writing, trading at $0.866. However, it hit a high of $0.900 on the daily chart, its highest level since May 2022. The crypto coin has gained 49 percent in the last week, building strong traction for the upside. </p> <h2>The path to $ 1</h2> <p>With <a href="https://news.investingcube.com/cardano-price-spikes-to-two-and-a-half-year-highs-as-defi-tvl-explodes/" target="_blank">ADAUSD</a> having touched $0.900, key on-chain metrics support further gains. According to IntoTheBlock data, 29 percent of ADA coin holders are “Out of the Money”, despite the recent rally. This is a significant percentage who are not in a position to sell their assets for profit. </p> <p>However, the current market sentiment provides an incentive for them to hodl as they wait to turn a profit. Reduced sales are good for an asset’s upside potential, and will provide support for ADA price gains. Meanwhile, Cardano’s traded volume rose by 17percent in the last 24 hours, which augurs well for an asset whose price is on the rise. </p> <p>Beyond the on-chain metrics, Cardano price’s Average Directional Index (ADX) reading on the 4-hour chart is at 45 as of this writing. This signifies a strong uptrend that could help propel the price toward the $2 mark.</p> <figure><img src="https://news.investingcube.com/wp-content/uploads/2024/11/CARDANO-ADX-1024x404.jpg" alt srcset="https://news.investingcube.com/wp-content/uploads/2024/11/CARDANO-ADX-1024x404.jpg 1024w, https://news.investingcube.com/wp-content/uploads/2024/11/CARDANO-ADX-300x118.jpg 300w, https://news.investingcube.com/wp-content/uploads/2024/11/CARDANO-ADX-770x303.jpg 770w, https://news.investingcube.com/wp-content/uploads/2024/11/CARDANO-ADX-1536x605.jpg 1536w, https://news.investingcube.com/wp-content/uploads/2024/11/CARDANO-ADX-293x115.jpg 293w, https://news.investingcube.com/wp-content/uploads/2024/11/CARDANO-ADX-1400x552.jpg 1400w, https://news.investingcube.com/wp-content/uploads/2024/11/CARDANO-ADX.jpg 1766w" /></figure> <p><em>The ADX indicator on the ADAUSD 4-hour chart. </em>Source: TradingView</p> <h2>Cardano price prediction</h2> <p>Cardano price pivots at 0.848, with the momentum signaling control by the buyers above that level. As the upside prevails, the price will likely meet initial resistance at 0.873. However, a stronger momentum will break above that level and could test 0.895.</p> <p>Conversely, moving below 0.848 will favour sellers to be in control. If that happens, the price is likely to find the first support at 0.830. Beyond that point, the upside narrative will be invalid, and the second support at 0.810 will be the next target. </p> <figure><img src="https://news.investingcube.com/wp-content/uploads/2024/11/Cardano-price2-1024x404.jpg" alt srcset="https://news.investingcube.com/wp-content/uploads/2024/11/Cardano-price2-1024x404.jpg 1024w, https://news.investingcube.com/wp-content/uploads/2024/11/Cardano-price2-300x118.jpg 300w, https://news.investingcube.com/wp-content/uploads/2024/11/Cardano-price2-770x304.jpg 770w, https://news.investingcube.com/wp-content/uploads/2024/11/Cardano-price2-1536x606.jpg 1536w, https://news.investingcube.com/wp-content/uploads/2024/11/Cardano-price2-293x116.jpg 293w, https://news.investingcube.com/wp-content/uploads/2024/11/Cardano-price2-1400x552.jpg 1400w, https://news.investingcube.com/wp-content/uploads/2024/11/Cardano-price2.jpg 1774w" /></figure> 									</div>

Investingcube

Cardano Price Prediction: ADA Clears the Path to $1

<div> <div><article><div><figure><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/18135520/Cardano-ADA-Price-Soars-117-Targets-To-Hit-1.15-This-November.webp" alt="Cardano (ADA) Price Soars 117%, Targets To Hit $1.15 This November?" srcset="https://image.coinpedia.org/wp-content/uploads/2024/11/18135520/Cardano-ADA-Price-Soars-117-Targets-To-Hit-1.15-This-November.webp 1200w, https://image.coinpedia.org/wp-content/uploads/2024/11/18135520/Cardano-ADA-Price-Soars-117-Targets-To-Hit-1.15-This-November-300x157.webp 300w, https://image.coinpedia.org/wp-content/uploads/2024/11/18135520/Cardano-ADA-Price-Soars-117-Targets-To-Hit-1.15-This-November-1024x536.webp 1024w, https://image.coinpedia.org/wp-content/uploads/2024/11/18135520/Cardano-ADA-Price-Soars-117-Targets-To-Hit-1.15-This-November-768x402.webp 768w" /></figure></div><div><p>Cardano is gaining bullish momentum as the crypto market continues to hit higher highs and Bitcoin is inching closer to the $100,000 mark. With the third bullish week in motion, the ADA price is nearing the $1 milestone.</p><p>Will the ongoing bull run in the ADA price trend achieve the $1 milestone? Let’s find out. </p><h2 id="h-cardano-price-analysis">Cardano Price Analysis</h2><p>In the daily chart, the Cardano price action shows a streak of bullish engulfing candles leading the bull run. Currently, it has crossed the $0.80 mark and is inching closer to the $1 price target.  </p><figure><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/22153455/image-10-1024x509.webp" alt="Cardano Price Analysis" srcset="https://image.coinpedia.org/wp-content/uploads/2024/11/22153455/image-10-1024x509.webp 1024w, https://image.coinpedia.org/wp-content/uploads/2024/11/22153455/image-10-300x149.webp 300w, https://image.coinpedia.org/wp-content/uploads/2024/11/22153455/image-10-768x382.webp 768w, https://image.coinpedia.org/wp-content/uploads/2024/11/22153455/image-10-1536x764.webp 1536w, https://image.coinpedia.org/wp-content/uploads/2024/11/22153455/image-10.webp 1802w" /></figure><p><a href="https://www.tradingview.com/x/Ou9mSDc7/" target="_blank">Tradingview</a></p><p>In the daily chart, Cardano price action forms the fifth consecutive bullish candle. Furthermore, the recent surge accounts for a 22.87% surge in the last four days. However, in the last 17 days, with just two bearish candles, the ADA price has surged by 165% from the low of $0.32. </p><p>The growing bullish influence has led to a positive crossover between the 100-day and 200-day EMA after the recent golden crossover. The MACD indicator shows a positive trend in the MACD and signal line with a surge of bullish histograms. Hence, the technical indicators maintain a buy signal for Cardano.</p><p>Based on the weekly chart, the recovering rally is challenging the 23.60% Fibonacci level with a rounding multiple reversal. The bullish breakout of this Fibonacci level will likely prolong the rally to $1.25 or the 38.20% Fibonacci level. Compared to its all-time high of $3.16, the altcoin is at a discount of nearly 72%. Therefore, the altcoin shows massive room for growth if the bullish trend continues.</p><p>Will Cardano reach $10? Find out NOW in Coinpedia’s <a href="https://coinpedia.org/price-prediction/cardano-price-prediction/" target="_blank">Cardano price prediction</a>, and subscribe to us for the latest crypto updates. </p><h2 id="h-faqs">FAQs</h2><ol><li><strong>What is Cardano’s current price and recent performance?</strong><strong><br /></strong>Cardano is trading above $0.80, up 165% over the past 17 days, with a 22.87% surge in the last four days.</li><li><strong>What are Cardano’s key price targets?</strong><strong><br /></strong>Immediate targets include $1 and $1.25, aligned with the 23.60% and 38.20% Fibonacci levels, respectively.</li><li><strong>What supports Cardano’s bullish momentum?</strong><strong><br /></strong>A golden EMA crossover, bullish MACD signals, and consistent bullish candles indicate continued upward momentum.</li><li></li></ol></div> </article><div><h2>We'd Love to Hear Your Thoughts on This Article!</h2><div><h4>Was this writing helpful?</h4></div></div> </div> <p><a target="_blank" href="https://coinpedia.org/price-analysis/will-cardano-ada-price-hit-1-this-week/#go-to-tie-body"> <span></span> <span>Back to top button</span> </a></p></div>

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