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TRON (TRX) may have surpassed Cardano (ADA) in market cap rankings, but their price charts are painting a different picture. Meanwhile, Rollblock's crypto casino has delivered an impressive 121% ROI to early investors and shows huge potential for 100x returns in 2024!
Cardano (ADA) has slipped out of the crypto Top 10 list despite posting gains of 5.78% over the last seven days. As of press time, ADA is ranked 11th by market cap.
Cardano is currently trading at $0.3548 after an intra-day surge of 4.02%, signaling a potential recovery. However, ADA is still down 88.2% from its September 2021 all-time high of $3.09.
On the daily chart, Cardano is trading below its 50-, 100-, and 200-day EMAs, suggesting strong bearish pressure. As a result, ADA could continue to face resistance at the $0.360 level.
On the other hand, with the upcoming Chang hard fork, Cardano is expected to make big strides with its transition to decentralized governance.
According to the ADA/USD 4-hour chart, Cardano appears to be gaining momentum, with its MACD level flashing a strong buy signal.
To enter bullish territory, Cardano needs to break above the crucial resistance at $0.360 in the upcoming weeks.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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