CandleFocus Cardano Price Prediction For November 21: 43% ADA Rally on Cards Today
2024-11-21
Author: Content Editor
Cardano's ADA has experienced an impressive 35% increase in the last seven days, with analysts predicting that it will soon reach the $1 mark. The altcoin is currently trading near $0.77 levels and is facing resistance at the 50% Fibonacci retracement level. A breakout above $0.83 could push the price towards higher targets between $1.12 and $1.23. ADA is forming a bullish continuation pattern known as a symmetrical triangle, suggesting potential further upward movement. In comparison to Bitcoin, Cardano has shown strong bullish momentum and is bouncing off a key support level on the ADA/BTC chart. A bullish divergence is forming, indicating the potential end of a long bear market against Bitcoin. Confirmation of Cardano entering a new bull market would require a higher low or higher high on the chart.
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