Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Cardano (ADA) Price Analysis: Is ADA on Track to Hit $2?

Share This Post

Is ADA on Track to Hit $2?

The post Cardano (ADA) Price Analysis: Is ADA on Track to Hit $2? appeared first on Coinpedia Fintech News

With the crypto market reaching $3.34 trillion, a massive jump of 44% over the past 24 hours, Cardano has topped the $1 psychological mark. Currently, the ADA has an exchange price of $1.089 and has surged nearly 24% in the past 24 hours. 

As the market cap crosses the $37 billion mark, the underlying sentiments present the next price target at $2.00. Will the ongoing rally result in a 100% surge in ADA price in this bull market? Let’s find out in Coinpedia’s latest Cardano price analysis. 

Cardano Price Analysis

In the daily chart, the ADA price trend shows exponential gains in a parabolic manner. Starting from the $0.32 mark, the altcoin has now surged by nearly 235%. The bullish influence has resulted in a golden crossover and a positive crossover between the 100-day and 200-day EMA lines. 

Cardano Price Analysis 23rd Nov 2024
Cardano Price Analysis 23rd Nov 2024

Tradingview

Moreover, the MACD and signal lines experience a new uptick as the bullish momentum grows. With six consecutive bullish candles, the altcoin has increased by nearly 60% this week. 

Speaking of the entire bull run, the altcoin has registered only two negative candles over the past 19 days and has surged by 235%. 

Will Cardano Hit $2?

Based on the Fibonacci levels, the exponential rally has crossed the 1.272 Fibonacci level at $0.9928 and is now heading to challenge the 1.618 level. The next Fibonacci resistance level is $1.35, and the current price trend will likely continue within this range. 

A bullish breakout will increase the likelihood of reaching the $1.92 mark. On the flip side, the $0.9928 remains a crucial support. A breakdown below this will challenge the $0.8669 and $0.7757.

Will Cardano reach $10? Find out NOW in Coinpedia’s Cardano price prediction, and subscribe to us for the latest crypto updates. 

FAQs

What caused Cardano (ADA) to cross the $1 mark?

Cardano’s exponential rally, supported by a golden crossover and strong bullish momentum, helped it break the $1 mark during the ongoing crypto bull run.

What are Cardano’s next price targets?

Based on Fibonacci levels, ADA’s next resistance is at $1.35, with a bullish breakout potentially leading to $1.92 or even $2.00.

What happens if ADA fails to sustain current levels?

A breakdown below the key support at $0.9928 could push ADA to retest lower levels at $0.8669 or $0.7757.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Cardano Consolidates In Symmetrical Triangle – Analyst Sets Bull/Bear Price Targets

Cardano has surged more than 40% from its early April lows, signaling renewed bullish interest across the altcoin space As the broader crypto market faces macroeconomic uncertainty and consolidates

Bitcoin Network Activity Hits 6-Month High – Is Demand Back?

Bitcoin is trading just below the psychological $100K mark, facing a critical test as bulls attempt to sustain the recovery rally After weeks of strong upside momentum, the market has now entered a

Bitcoin Price Watch: Support Holds Near $95K Amid Volume Drop

Bitcoin was priced at $95,426 on May 4, 2025, with a market capitalization of $1895 trillion Over the past 24 hours, it recorded a trade volume of $13546 billion and fluctuated within a narrow

Kyrgyzstan Partners With Binance to Advance Digital Asset Sector and Enhance Financial Literacy

Binance has signed a Memorandum of Understanding (MoU) with the National Agency for Investments under the President of Kyrgyzstan to foster collaboration in advancing the digital-asset sector in the

Bitcoin At $100K? $3 Billion In Shorts Are On The Line

Bitcoin is red hot again Price reached $97,500 before dipping slightly lower to $97,000, and the markets are abuzz Sellers anticipating Bitcoin’s upswing might be in for trouble Figures reveal

Why DeFi agents need a private brain

The following is a guest post and opinion of Matej Janež, Head of Partnerships at Oasis At EthDenver earlier this year, one topic kept coming up again and again: AI and autonomous AI Agents That