Cardano Price Analysis: ADA swiftly spikes above $1.40 overnight, targets $1.50 next?

Cardano (ADA) has been one of the top performing cryptocurrencies over the past few months, with its price climbing from the $0.1 USD mark all the way to the $0.3 USD mark, and today the cryptocurrency has seen a sharp increase in price, as the price moved above the $1.40 USD mark for the first time.

The cryptocurrency Cardano (ADA) has been on the rise in recent days, surging nearly 40% in the past week. Currently trading at $1.40, Cardano is up around 65% over the past month, which isn’t shabby. In fact, if you compare Cardano’s current price to the price it was trading at a year ago, it’s a whopping 800% increase.

The cryptocurrency Cardano has been successful in keeping up with the rest of the market this week. After a small dip on Monday, ADA has been climbing steadily over the past few days. Today, the coin has broken past the $1.40 handle and looks set to continue its rise to new heights.. Read more about cardano $100 and let us know what you think.

TL;DR Summary

  • Yesterday, ADA stabilized below the $1.40 resistance level.
  • Cardano was pushed over $1.40 overnight by bulls.
  • The next goal for ADA/USD is $1.50.

Cardano price analysis for today is positive, as prior resistance at $1.40 was broken overnight, and the market has been rallying since then. As a result, we see ADA/USD moving towards the next resistance level of $1.50 later today.

Heat map of cryptocurrencies. Coin360 is the source of this information.

Over the past 24 hours, the cryptocurrency market has seen a significant increase. Bitcoin, the market leader, is up 7.27 percent, while Ethereum is up 8.54 percent. With a gain of more than 19 percent, VeChain (VET) is one of the top performers.

In the past 24 hours, the price of Cardano has risen: Cardano smashes over the $1.40 barrier level.

Over the past 24 hours, ADA/USD has traded in a range of $1.36 to $1.45, showing high volatility. The overall trading volume has risen by 25.8% to $2.16 billion. Meanwhile, the overall market capitalization is approximately $46.3 billion, giving it a 5th place ranking.

ADA/USD 4-hour chart: Is $1.50 next for ADA?

The Cardano price is continuing to rise on the 4-hour chart, with the $1.50 barrier being the next objective.

Cardano Price Analysis: ADA swiftly spikes above $1.40 overnight, targets $1.50 next?4-hour chart of the ADA/USD currency pair. TradingView is the source of this information.

Cardano’s price is continuing to rise despite a brief pause earlier this week. ADA/USD has risen more over 40% to the current high of $1.45 from the previous swing low at $1.02, which was established on July 20th.

Cardano consolidated below the $1.40 barrier yesterday, suggesting a market indecisiveness. Bulls drove ADA/USD above the $1.40 barrier overnight, so we may anticipate further gains later today.

Overall, this market movement suggests that the Cardano price will next test the $1.50 resistance level. ADA will most certainly retrace and make another higher low from there.

Conclusion of the Cardano Price Analysis 

Cardano price outlook for the next 24 hours is positive, as bulls pushed ADA higher after breaking over the $.140 barrier level. As a result, we anticipate further gains over the weekend.

Read our articles on investing in PayPal Bitcoin, Bitcoin trusts, and Dogecoin as a smart investment while you wait for Cardano to go forward.

Disclaimer: The material on this website is not intended to be trading advice, assumes no responsibility for any investments made as a result of the information on this page. Before making any financial choices, we highly advise doing independent research and/or consulting with a competent expert.

Cryptocurrency is an exciting new market that promises to revolutionize the world of finance. Bitcoin has firmly established itself as the king of the cryptocurrency world, with many people believing it will soon be a household name. However, for all of the excitement surrounding the world of crypto, there is still an air of mystery around it.. Read more about ada tradingview and let us know what you think.

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