Cardano price prediction for today, April 24th

adminApril 25, 2024

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Cardano price prediction shows ADA attempting further upside as the coin crosses above the channel.

ADA Activity Surge: Exploring On-Chain Metrics for Future Insights

ADA has seen a significant increase in activity, with a surge in the number of large transactions. A whopping 25 billion ADAs were moved in just one 24-hour period. This on-chain activity reflects the price movements of ADA, making on-chain metrics and their potential impact on the future trajectory of the asset scrutinized.

Cardano statistical data:

Current Cardano price – $0.52
Cardano market cap – $17.7 billion
Cardano circulating supply – 35.6 million
Cardano total supply – 36.8 billion
Cardano CoinMarketCap Ranking – 10th

ADA/USD Market

Main level:

Resistance levels: $0.70, $0.75, $0.80

Support levels: $0.35, $0.30, $0.25

Cardano price prediction for today, April 24 - ADA Technical Analysis — ADAUSD – daily chart

Cardano price is attempting to break above its 21-day moving average while the $0.45 support remains an important support. However, over the past few days, ADA/USD has been hovering above its 9-day moving average, which could give the coin more upside.

Cardano Price Prediction: Will Cardano Go Higher?

Cardano price could continue to rise and trade near the top of the channel if bulls defend the $0.52 level. Therefore, further upward movement above the channel could push the price towards potential resistance levels of $0.70, $0.75, and $0.80.

Therefore, this technical analysis may be invalidated if the bears break below the lower channel limit, which could lead to support levels at $0.35, $0.30, and $0.25. Meanwhile, the 9-day moving average remains lower than the 21-day moving average, which could bring a bearish signal to the market.

ADA/BTC still falling

Against Bitcoin, Cardano is hovering within the 9-day and 21-day moving averages as the coin touches the resistance level of 782 SAT. However, further bullish moves towards the upside could create additional profits for the market.

Nonetheless, if buyers increase their buying pressure, we may find higher resistance above 1000 SAT. If you look at the daily chart, you can see that the 9-day MA is likely to exceed the 21-day MA, so buyers are flocking in. Meanwhile, if the bulls fail to move the current market value to the upside, the bears may return to the market and the nearest support level could be located below 600 SAT.

@Eilert shared with his followers on It is currently only week 2. In the meantime, take a breather and explore the #Cardano ecosystem before it potentially explodes.

last time $ADA The bull market support zone was tested again, and it took almost 12 weeks to get back there.
It’s been 2 weeks now.
In the meantime, just relax and spend some time #Cardano Before the ecosystem explodes. pic.twitter.com/C9HBAlRp9t
— Eilert (@Eilert) April 24, 2024

Alternatives to Cardano

Cardano has shown resilience with an upward trajectory supported by technical analysis. Having now reached the $0.523 resistance level, Cardano maintains bullish momentum, with its 9-day moving average (MA) continuing to send positive signals. The slightly bullish trend continues for Cardano, the 10th largest cryptocurrency with a market capitalization of $17.7 billion. Meanwhile, the multi-chain meme coin Dogeverse presale has concluded after raising $10.5 million, giving investors the opportunity to join the pioneering revolution.

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