Is It Too Late To Buy ADA? Cardano Price Soars 18% To Flip TRON As 9th-Largest Crypto, And This Might Be The Next Crypto To Explode

The
Cardano
price
has
soared
18%
in
the
last
24
hours

to
trade
at
$0.4305
as
of
3:20
a.m.
EST
on
a
100%
pump
in
trading
volume
to
$1.2
billion.

The
ADA
pump
enabled
Cardano
to
overtake
TRON
as
the
9th-largest
crypto
with
a
market
capitalization
of
$14.9
billion.
TRON’s
market
cap
stands
at
$13.9
billion.

Cardano
Price
Indicates
More
Bullish
Momentum

The
ADA/USD
1-hour
chart
shows
a
strong
bullish
trend,
with
the
current
price
around
$0.4307
after
reaching
a
recent
high
of
$0.4329
and
a
low
of
$0.4293.

The
price
is
moving
within
a
well-defined
upward
channel,
known
as
a
bullish
channel,
indicating
sustained
buying
interest
and
the
possibility
of
further
gains
if
it
remains
within
these
boundaries.
Adding
to
this
bullish
outlook
is
a
parabolic
curve,
suggesting
accelerating
price
momentum,
although
this
pattern
also
hints
at
a
potential
correction
if
momentum
fades.

ADAUSD
Analysis
Source:


Dextools.io

Moving
averages
further
confirm
the
bullish
sentiment.
The
50-period
moving
average
(currently
around
$0.3786)
reflects
short-term
momentum
and
sits
significantly
below
the
current
price,
emphasizing
the
strength
of
the
uptrend.

The
200-period
moving
average
at
$0.3518
provides
long-term
support,
and
the
price
has
been
trading
above
this
level,
reinforcing
the
overall
bullish
outlook.
A
“Golden
Cross”
has
also
occurred,
where
the
50
MA
has
crossed
above
the
200
MA,
which
is
traditionally
a
strong
bullish
indicator
pointing
toward
continued
upward
momentum.

Cardano
Price:
Bullish
Technicals
Signal
A
Short-Term
Correction

The
MACD
(Moving
Average
Convergence
Divergence)
indicator
aligns
with
this
bullish
view,
as
the
MACD
line
(0.00239)
is
positioned
above
the
signal
line
(0.01326)
in
positive
territory.
This
arrangement
generally
shows
the
upward
momentum
for
the
Cardano
price,
though
the
proximity
of
the
two
lines
indicates
that
the
pace
of
gains
may
slow
in
the
near
term.

However,
the
RSI
(Relative
Strength
Index)
is
currently
at
85.30,
which
places
it
well
into
the
overbought
zone
(typically
above
70).
Such
a
high
RSI
suggests
that
ADA/USD
may
be
overextended
and
could
be
due
for
a
short-term
pullback
or
consolidation
phase.

This
overbought
condition
serves
as
a
cautionary
signal
for
traders,
as
it
might
imply
an
impending
price
correction
or
sideways
movement
before
any
further
gains.

Flockerz
Presale
Blasts
Past
$1.3
Million
–
Next
Crypto
To
Explode?

As
the
Cardano
price
soars,
traders
are
also
rushing
to
buy
a
new
meme
coin
called

Flockerz
(FLOCK),
which
has
quickly
raised
over
$1.3
million
in
its
presale.

Flockerz
aims
to
bring
a
new
level
of
decentralization
to
meme
coins
by
empowering
its
community,
known
as
“The
Flock,”
to
shape
the
project’s
future.

According
to
99Bitcoins,
a
popular
YouTube
crypto
channel
with
over
706K
subscribers,
$FLOCK
has
the
potential
to
soar
100x
after
launch.

At
Flockerz’
core
is
FlockTopia,
a
platform
where
every
holder
has
a
voice
and
can
earn
rewards
through
an
innovative
vote-to-earn
(V2E)
system.
Put
simply,
every
time
tokens
holders
vote,
they
earn
FLOCK
as
rewards.

In
addition
to
V2E
rewards,
FLOCK
offers
a
huge
annual
return
of
1,609%
for
staking
its
tokens.

The
gains
are
calling
and
the
flock
is
answering
????????

pic.twitter.com/lHZeAdb6Q7

—
Flockerz
(@FlockerzToken)

November
5,
2024

To
join
the
presale,
you
can
buy
$FLOCK
for
$0.0059571
per
token
using
BNB,
ETH,
USDT,
or
even
a
bank
card.

For
the
best
deal,

buy
FLOCK
tokens
on
the
official
website
before
a
price
hike
in
less
than
1
day.

Related
Articles