ADA Explodes 30% in New Bull Run—$1.22 Breakout Looms
The post ADA Explodes 30% in New Bull Run—$1.22 Breakout Looms appeared on BitcoinEthereumNews.com. Cardano price jumps nearly 30% in one week, hitting a high of $0.777 before facing key resistance at the 200-day M.A. point. Cardano founder hints at massive capital inflow into altcoins, fuelling hopes of a continued rally toward $1.22. Cardano (ADA) price is gaining strong attention after rising sharply this past week. The coin has jumped by nearly 30%, reaching a recent high of $0.777. Traders are now watching closely to see if it can break through the next key level and move towards $1.22. Cardano Climbs Toward Resistance After Hitting $0.777 On-chain data shows that Cardano, the tenth biggest cryptocurrency by market cap, has jumped 30% over the past week. This move comes as the general crypto market shows signs of recovery. At the time of writing, ADA price was trading at $0.7556, up by 2.55% in the last 24 hours. It is worth noting that the price recently tested the 200-day simple moving average (SMA), which is now acting as a key resistance point around $0.749. This level is crucial because it often signals a shift in trend when broken. ADA briefly crossed it on Friday, reaching a high of $0.777, but it could not hold above and pulled back shortly after. Traders are watching this level closely. If Cardano can break through and stay above the 200-day SMA, it may open the way for a stronger push toward $0.90 and $1.20. According to crypto analyst Ali Martinez, the setup is showing signs of strength, and a breakout could be close. As mentioned in our earlier report, the Cardano Foundation has officially launched Reeve, an ecosystem update fueling the price rally. Reeve is a financial reporting tool designed for enterprises. CNF also reported that Cardano is rolling out visual governance tools. This marks a strategic shift toward inclusive,…
The post ADA Explodes 30% in New Bull Run—$1.22 Breakout Looms appeared on BitcoinEthereumNews.com.
Cardano price jumps nearly 30% in one week, hitting a high of $0.777 before facing key resistance at the 200-day M.A. point. Cardano founder hints at massive capital inflow into altcoins, fuelling hopes of a continued rally toward $1.22. Cardano (ADA) price is gaining strong attention after rising sharply this past week. The coin has jumped by nearly 30%, reaching a recent high of $0.777. Traders are now watching closely to see if it can break through the next key level and move towards $1.22. Cardano Climbs Toward Resistance After Hitting $0.777 On-chain data shows that Cardano, the tenth biggest cryptocurrency by market cap, has jumped 30% over the past week. This move comes as the general crypto market shows signs of recovery. At the time of writing, ADA price was trading at $0.7556, up by 2.55% in the last 24 hours. It is worth noting that the price recently tested the 200-day simple moving average (SMA), which is now acting as a key resistance point around $0.749. This level is crucial because it often signals a shift in trend when broken. ADA briefly crossed it on Friday, reaching a high of $0.777, but it could not hold above and pulled back shortly after. Traders are watching this level closely. If Cardano can break through and stay above the 200-day SMA, it may open the way for a stronger push toward $0.90 and $1.20. According to crypto analyst Ali Martinez, the setup is showing signs of strength, and a breakout could be close. As mentioned in our earlier report, the Cardano Foundation has officially launched Reeve, an ecosystem update fueling the price rally. Reeve is a financial reporting tool designed for enterprises. CNF also reported that Cardano is rolling out visual governance tools. This marks a strategic shift toward inclusive,…
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