CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
coinpedia 2024-11-29 11:49:07

Cardano (ADA) Price Prediction (Nov 29th): Bulls Target $1.247

The post Cardano (ADA) Price Prediction (Nov 29th): Bulls Target $1.247 appeared first on Coinpedia Fintech News Inching closer to the $97,000 mark, the bullish trend in Bitcoin is driving the altcoin rally. Amid the re-found bullish momentum, the Cardano price has reclaimed the $1 psychological mark and has surged nearly 10% over the past 24 hours. Will this bullish trend result in an extended 16% rally in Cardano today? Let’s find out in our latest Cardano ADA price prediction. Cardano Price Analysis In the 4-hour chart, the Cardano price trend showcases an inverted head-and-shoulder breakout rally, with the price surge of 2.29% in the last four hours. The Cardano price trend is sustaining its dominance above its $1.01 psychological mark. Tradingview Despite the short-term increased volatility, the ADA price trend has surpassed the neckline at $1.048. Currently, it is trading at $1.070. This marks the fourth consecutive bullish candle over the past 20 hours. The bullish recovery run is heading towards the 1.104 immediate resistance levels. Technical Indicators: EMA : The long-coming uptrend in the crucial EMA lines in the 4-hour chart reflects the bullish dominance. RSI : The 4-hour RSI line is inching closer towards the overbought boundary line and supports the breakout rally. The ongoing recovery is projecting a new 52-week high in the next four hours. Will Cardano Hit $1.247? Based on the Fibonacci levels, the breakout of the 100% Fibonacci level at $1.105 will put the 1.272 and 1.618 Fibonacci levels as the next price targets. These levels are at $1.168 and $1.247. Hence, in the next 24 hours, the Cardano price trend showcases an upside potential of 16%. On the flip side, in case of a bearish turnaround, the altcoin could retest the local rising support trend line near $0.989. Hence, the downside risk at the current market price remains 7.80%. Will Cardano reach $10? Find out NOW in Coinpedia’s Cardano price prediction , and subscribe to us for the latest crypto updates. FAQs What is the current price of Cardano (ADA)? Cardano is trading at $1.070, following a 10% surge in the last 24 hours. Can ADA hit $1.247 today? ADA shows a 16% upside potential, and breaking $1.105 could pave the way to $1.247. What is the downside risk for ADA? ADA faces a 7.8% downside risk, potentially retesting $0.989 in case of a bearish turnaround.

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta