Cardano ADA Surges to $0.38 – Will it Break the $0.45 Resistance Level with this Momentum?

Cardano ADA is one of the top cryptocurrencies that took advantage of the recent bullish Momentum triggered by the Fed rate cut.

Last week, the coin was trading around $0.336, but ADA rose quickly to $0.38 after the fed rate cut. Analysts like Trend Rider noted a key bullish signal on the one-week chart.

This could also boost investor's confidence in the market, potentially attracting more buyers. If this Momentum is sustained, ADA could hit $0.45, which is the strong resistance.

ADA Price Movement

On August 10, ADA price grew to over $0.357, giving traders hope. The coin continued the bullish move, hitting $0.403 on August 24.This represents a rally of more than 40% from the $0.27 it traded on August 5 due to a bearish market.

Unfortunately, on September 06, ADA nosedived from $0.403 to $0.300. But since then, ADA has been growing gradually.The coin has been up over 3% in the past day. The bullish sentiment has been seen over the past week, with ADA up 15.39%.

Analyst's Recent X Post Sparks ADA Price Speculation

A respected crypto analyst, Trend Rider, recently shared exciting news about ADA on X. In his post, he highlighted a significant change in Cardano's chart patterns.

$ADA Oscillator Wave flipped green.

Finally, after 46 Weeks!

Personally, just bought some more $ADA as price is still at support and oscillator is green again. pic.twitter.com/CaeIp88ynK

- Trend Rider (@TrendRidersTR) September 20, 2024

The analyst pointed out that ADA's Oscillator Wave has turned green on the one-week chart, the first time this has happened in 46 weeks. Trend Rider sees this as a strong buy signal for ADA at its current price. He believes ADA has found solid support at $0.315.

Based on this technical indicator, Trend Rider predicts ADA could soon reach $0.400, a 4% increase from its current trading price. The analyst suggested ADA might even push toward the $0.460 and $0.480 resistance levels.

Another crypto expert, Jesse Olson, shared this same bullish view. Olson sees a buy signal on ADA's daily chart and predicts it could hit $0.650 by year-end.

I wonder who still buys Ada nowadays

- J. (@exxitmusic) September 20, 2024

These positive forecasts could boost investor confidence in ADA.

Cardano Breaks Out of Bullish Pattern, Analyst Predicts $1 Target

World Of Charts, a well-known crypto analyst, recently tweeted about an essential development in Cardano (ADA).

The analyst explained that Cardano has broken out of a bullish falling wedge pattern. This pattern has been forming since December 2023, and ADA's price has been moving within it for months.

With this breakout, Cardano's price could rise further. The analyst believes this could lead ADA towards the $1 mark soon.

Cardano Price Analysis: ADA Bullish Momentum Strengthens as Key Indicators Point Upward

Cardano (ADA) has shown strong bullish Momentum recently, with several technical indicators suggesting its price could continue to rise.

One of the most notable signs is ADA trading above the 200-day and 50-day Simple Moving Averages (SMA).This positioning indicates robust bullish strength, which could propel ADA's price higher in the coming days.

The 50-day SMA has crossed above the 200-day SMA, known as the golden cross." This suggests that buyers are in control and may continue to push the price higher.

If ADA faces any downturn, these SMA lines could act as intense support levels, preventing the price from dropping too low. Another indicator supporting the positive outlook is the Moving Average Convergence Divergence (MACD).

The MACD line is above its signal line, and the histogram is green, indicating that Momentum is on the bulls' side.When the MACD is in this position, it usually confirms that the upward price trend may continue.

Based on these technical indicators, ADA could break key resistance levels if the Momentum holds. Even though ADA shows the possibility of price increases, the market is always unpredictable.

As such, investors could consider diversifying their portfolio with a new project making waves in the market due to its dirt-cheap price.

Is Pepe Unchained the Next Big Alternative to ADA? A Meme Coin with Strong Potential

While analysts share different views on ADA, Pepe Unchained is a new project worth considering.This meme coin is gaining Momentum, and its presale is closing in on $15 million.

Pepe Unchained ($PEPU) is making headlines, with many expecting it to follow the success of other meme coins like $PEPE.Below, we'll explore why this project could be a strong alternative.

Unique Layer-2 Blockchain

Pepe Unchained aims to solve one of the crypto space's most significant issues: Ethereum's scalability problems. The project is developing its own Layer-2 blockchain, Pepe Chain, designed to improve transaction speed and reduce costs.

This could provide a major advantage over Ethereum by addressing the high fees and slow transaction times that have frustrated many users.

With Pepe Chain, users will still interact with Ethereum, making it an easy transition for those familiar with the network.

Staking and Double Staking System

Pepe Unchained offers a staking system that has caught the attention of many investors.Its double staking protocol initially offered an impressive 16,000% APY, attracting much attention.

Although the rate has decreased to 142%, it still provides strong incentives for early investors.More than 145 million tokens have already been staked, showing the growing interest in this project even before its official launch.

With its unique features and rising popularity, Pepe Unchained could be an exciting alternative to ADA, especially for those looking for high growth potential.

Therefore, investors considering this buzz-generating project should visit the official website for more details on buying the coins.

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