Cardano (ADA) Poised for Rally Ahead of Chang Upgrade – Will it Hit $0.40?

Cardano token ADA has struggled to recover since dipping to a low of $0.34 on August 28. However, the upcoming Chang hard fork, which gives the community more governance power, could introduce a bullish catalyst.

Moreover, crypto experts are bullish on ADA and predict a significant rally. ADA has lost over 6% in the past 24 hours and is trading around $0.351.

Will ADA rebound above $0.4 soon? Consider the following analysis for insights into Cardano's next possible price move.

Binance Announces Support for Cardano's Chang Upgrade: What It Means for ADA

Binance officially declared its support for Cardano's upcoming Chang upgrade in a blog post. This news will significantly encourage the Cardano community ahead of the upgrade, which is scheduled for September 1, 2024.

Binance said it will handle all technical aspects of the upgrade for their users, meaning ADA holders on the platform won't need to take any action.

The exchange plans to temporarily pause ADA deposits and withdrawals during the upgrade process to ensure a smooth transition. However, trading will continue uninterrupted.

The Chang upgrade, also known as the transition to the Conway era, aims to give more power to the Cardano community. This shift towards increased decentralization is a crucial step in Cardano's roadmap.

Binance's support bodes well for the Cardano ecosystem, affirming the exchange's confidence in the blockchain network. Moreover, a smooth transition could help maintain investor confidence during a critical period, cushioning any potential impact on ADA's price.

Analyst Predicts Massive 2,200% Surge for Cardano: Is ADA Set for a Breakout?

TradingView analyst Alan Santana believes ADA could be on the verge of a huge price jump. Santana's chart illustrates how Cardano (ADA) has moved through various market phases.

Initially, ADA was caught in a downward trend, with prices consistently dropping. However, the situation began to shift as buyers gradually entered the market, slowing down the price decline.

This buying activity and price stability caught Santana's attention. He saw it as a sign that the market might be turning around. Now, Santana thinks we're seeing the first hints of a breakout.

He calls this the appetizer" - a taste of what's to come, suggesting the market is warming up for a big performance. Based on this, Santana believes ADA could surge by more than 2,200%.

If Santana's prediction comes true, we might see increased buying pressure on ADA, which could see the coin soaring to new heights.

ADA Price Analysis: Can Cardano Break Above 20-SMA and Surge to $0.40?

Cardano's ADA is currently in a critical position. The price is below the 20-day Simple Moving Average (SMA), which is often used as a boundary between bullish and bearish trends.

Currently, ADA is trying to climb back above this line. If it succeeds, it could signal a shift towards bullish sentiment. Another key indicator to watch is the Chaikin Money Flow (CMF), which currently stands at -0.08.

This negative reading suggests that more money flows from ADA than into it. However, things could change quickly; if the CMF crosses into positive territory, it would confirm a shift in sentiment.

This move could attract more buyers to ADA. Moreover, the upcoming Chang upgrade and the expert's view could catalyze the price increase.

So, could ADA surge to $0.40? It's possible but it depends on the technical indicators and community sentiment. If both these conditions are met, and the Chang upgrade goes smoothly, $0.40 could be within reach.

However, it's important to remember that nothing is guaranteed in crypto markets. While ADA shows potential, it's always wise to consider alternatives. This new project, Base Dawgz, could be a potential 10X coin to add to your portfolio.

Base Dawgz Ends Presale. Readies for DEX Launch

Base Dawgz just ended its presale and is gearing up to list on top decentralized exchanges (DEX). According to its official website, the Company raised $3.2 million in the presale.

Investors who bought DAWGS tokes can now claim their tokens. Those who missed the presale can still buy at the listing price.

Base Dawgz presale ran for about two months and stopped Thursday after raising $3.2 million. This significant figure suggests that many people were interested in the project.

According to its site, people can still buy tokens at $0.008582 each. But this price won't last long as the token will start trading on decentralized exchanges on September 04 at 5 p.m. CET. With the exchange listing just a few days away, the price of DAWGZ tokens could skyrocket soon.

The Launch of Base Dawgz

Base Dawgz aims to be the top dog-themed token on the Base network. Not many like it; this uniqueness provides a competitive advantage for Base Dawgz.

Moreover, its native token, $DAWGZ, can work on blockchains like Base, Ethereum, Solana, Avalanche, and Binance Smart Chain. So, more people can buy and sell it easily.

The project garnered attention from prominent crypto pundits who think it might grow significantly. But remember, nothing is certain in crypto, so caution is advised. Visit the Base Dawgz website now to learn more.

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