ADA Price Prediction – 10% Surge In Two Days, Bulls Aim For $0.35

Nov 3, 2023 08:00 am Cryptocurrency 131

Cardano (ADA) started a fresh increase above the $0.30 resistance. ADA is outperforming Bitcoin and might aim for a move toward the $0.35 resistance.

ADA price regained strength for a move above the $0.265 and $0.280 levels against the US dollar.

The price is trading above $0.30 and the 100 simple moving average (4 hours).

There is a key bullish trend line forming with support near $0.3050 on the 4-hour chart of the ADA/USD pair (data source from Kraken).

The pair must stay above the $0.308 support to start a fresh increase in the near term.

Cardano Price Regains Strength

After a couple of swing moves, Cardano was able to gain strength for a move above the $0.28 resistance. It rallied above the $0.30 resistance to move further into a positive zone. It is up over 10% in two days, outperforming Bitcoin and Ethereum.
Support the originator by clicking the read the rest link below.