CandleFocus Cardano (ADA) Targets $1: Bitcoin Could Make or Break It
2024-11-22
Author: Content Editor
Cardano (ADA) has reached highs of $0.919 and is aiming to reach the $1 mark as Bitcoin approaches $100,000. Altcoins, including Cardano, are experiencing rapid growth in market caps as capital rotates away from Bitcoin. Cardano has gained 15% in the last 24 hours and its market valuation has risen to $30.8 billion. Its potential growth is tied to Bitcoin maintaining a support level of around $95,000. If ADA closes in green today, it will have gained for five consecutive days. Bulls are targeting $1 next, but if the price falls below $0.8, it could drop to $0.58.
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