Hi there,
Fundamental Overview
Cardano (ADA) experienced a significant rise of nearly 18%, while Polygon (POLY) saw an impressive 26% increase. BNB and XRP also had decent gains of over 10% and nearly 9% respectively. This positive news continued to fuel the market rally.
After the recent market-wide correction, Cardano has impressed with a strong recovery. ADA rallied by 10% over the weekend and its momentum suggests a new yearly high is likely. Despite the market setback, there is prevailing optimism and enthusiasm that points towards a bullish comeback.
During the weekend, Cardano, along with Bitcoin and other altcoins, displayed renewed strength and momentum, indicating a potential breakthrough. Investors are eagerly anticipating this breakthrough, which could propel several tokens, including ADA, to new yearly highs in the upcoming week.
Technical Analysis
In terms of technical analysis, the price of ADA is facing resistance at 0.4000. There is a possibility of a pullback near 0.3800 before continuing in a positive direction towards the target of 0.4200 as the price maintains above the 50 EMA.
Fundamental Overview
Cardano (ADA) experienced a significant rise of nearly 18%, while Polygon (POLY) saw an impressive 26% increase. BNB and XRP also had decent gains of over 10% and nearly 9% respectively. This positive news continued to fuel the market rally.
After the recent market-wide correction, Cardano has impressed with a strong recovery. ADA rallied by 10% over the weekend and its momentum suggests a new yearly high is likely. Despite the market setback, there is prevailing optimism and enthusiasm that points towards a bullish comeback.
During the weekend, Cardano, along with Bitcoin and other altcoins, displayed renewed strength and momentum, indicating a potential breakthrough. Investors are eagerly anticipating this breakthrough, which could propel several tokens, including ADA, to new yearly highs in the upcoming week.
Technical Analysis
In terms of technical analysis, the price of ADA is facing resistance at 0.4000. There is a possibility of a pullback near 0.3800 before continuing in a positive direction towards the target of 0.4200 as the price maintains above the 50 EMA.