CandleFocus Cardano Surpasses The Famous $1.18 Barrier
2024-12-06
Author: Content Editor
The price of Cardano (ADA) has experienced a bullish rise, breaking above resistance at $0.76 and the moving average lines. However, it has faced resistance at $1.18, a historical price level from March 21, 2022. Overcoming this resistance could lead to a rise to $1.40, but it is expected to fall back to its current high afterwards. Cardano has reached the overbought zone, indicating selling pressure. The price bars on the 4-hour chart suggest a likely range-bound move. Key resistance zones for Cardano are $1.20, $1.30, and $1.40, while key support zones are $0.90, $0.80, and $0.70. The altcoin's bullish trend will begin when it breaks above the 21-day SMA and breaches the resistance at $1.30. This analysis and forecast are personal opinions and not a recommendation to buy or sell cryptocurrency. Readers should conduct their own research before investing.
Related News
Exclusive: co-founder Frederieke Ernst on building Gnosis and bringing cypherpunk ideals to real life Elon Musk trolls Sam Altman following Sacks’ nomination as crypto and AI Czar How High Solana Price Could Rally by December End? SEC rejecting Solana ETFs is Gensler's 'parting gift' to crypto industry – Bloomberg analyst Ethereum ‘impulse breakout’ will lead to $15K ETH price in 2025 — Analyst SEC Claims Secondary Trading of BNB and These 10 Tokens Qualifies as Securities Under Howey Test Magic Eden Airdrop Guide: How to Claim Magic Eden Token Ethereum Hits 3-Year High as ETFs See Record $752 Million Weekly Inflows Truflation Partners with Levitate Labs to Launch Inflation Tracker for India Ending the Treasury Department’s Regulatory Overreach on Crypto Mixer Tornado Cash 2 reasons MSTR stock fell as Bitcoin price rallied Future Bitcoin price dips to $90K ‘routine profit taking’ — Why BTC traders keep buying Over 400 million crypto wallets have a non-zero balance — Chainalysis Cardano (ADA) Poised for 30% Rally, Here’s Why 2024 saw crypto markets dramatically mature Dogecoin Price Analysis: Ascending Triangle On 2-Hour Chart Shows DOGE Is Still Very Bullish Talus and Tria Collaborate to Simplify Cross-Chain Interactions Ethereum (ETH) Reclaims $4K After Months of Consolidation Kraken listing FWOF, GOAT, and SPX next week, starting DYDX migration Has a Massive Bubble Formed in Bitcoin? Analyst Evaluates the Possibility and Gives His Answer Emerging markets, AI, and crypto: insights from Ryze Labs’ Matthew Graham XRP Price Prediction: Is XRP Price DOWN just a Correction? Nansen will provide analysis for Galxe’s Gravity blockchain Bitcoin aims for $100K as analyst sees record BTC price daily close 3 New Cryptos Launched This Week to Keep an Eye On Will Shiba Inu Price Hit ATH By 2025? Ether poised to outperform Bitcoin: Bybit Price analysis 12/6: BTC, ETH, XRP, SOL, BNB, DOGE, ADA, AVAX, TON, SHIB Trump’s new crypto czar called OpenAI a ‘piranha, for-profit company’ US jobs data points to likely rate cut in December — Grayscale Stablecoins are taking the US dollar global — but for how long? Coinbase-Backed Yellow Card Seeks Nigerian License After South African Regulatory Win SEC Crypto Litigation Releases: November 2024 Bitcoin ‘spinning top’ candle targets $115K after recent 15% BTC flash crash Bolivian Attorneys Spearhead USDT Index Proposal to Energize a Dollar-Starved Economy Ripple (XRP) Price Uptrend Could Fade Following 333% Rally in a Month 21Shares CEO points to 'inflection point in the global order' as crypto hits mainstream popularity Potential charges Haliey Welch could face if SEC probes HAWK launch Trump's crypto agenda could spur further international digital asset regulation, say Emergence panelists How Bitcoin shapes the future economy GRVT Secures Class M License to Revolutionize DeFi Compliance Analysts say altcoins’ resilience amid heightened Bitcoin volatility signals potential decoupling Ethereum hits 4K as weekly ETF inflows exceed $1 billion Bitcoin Price Bounces Back Above $100K Following Liquidation Bloodbath Ripple’s stablecoin launch delayed but still possible by year-end 'Eve Frontier' Studio Offering Early Access to Ethereum Survival Game The Joule Paradox: Energy sets the value of bitcoin and bitcoin sets the value of energy Do New FDIC Letters Really Prove the Existence of Anti-Crypto Operation Chokepoint 2.0? Why These Altcoins Are Trending Today — December 6 Norwegian news site accused of creating crypto holder ‘hit list’ Crypto Whales Bought These Altcoins in the First Week of December 2024 Do DAO grants really work to stimulate growth? Yellen Says Crypto Poses Risk to Financial System Did Hawk Tuah Crypto Debacle Eclipse Bitcoin's $100K Moment? Two Senior Federal Reserve Officials Make Hot Statements About Bitcoin and Interest Rate Cuts Analyst il Capo Reveals What to Expect Next in Bitcoin Price! Is a Correction Coming? What to Expect in Altcoins? Shiba Inu Coin Community Set For 250M Token Burn, Huge Rally This Christmas BlackRock Publishes Outlook Report for 2025: Here’s What They Think About Bitcoin’s Future Is Polygon Co-founder Dumping POL (MATIC) Tokens To Binance? JUST IN: This Altcoin Offered to Sell All of Its Own Tokens in Its Treasury and Buy Bitcoin and These Altcoins Instead! Pudgy Penguins To Issue A Token Called PENGU This Year On Solana Cosmos-Based Noble Is The First To Launch Its Own Stablecoin Using Crypto Dollar Infrastructure From Startup M^0 Leap of Faith: Auction to Benefit Children's Cancer Research Attracts Major Crypto Artists NEAR Protocol’s AI Integration and Market Momentum Suggest Potential Breakout Towards $10 Breakout Alert! XRP Set to Soar Again Top Meme Cryptos PEPE, DOGE, SHIB in Deep Red JUST IN: Platform That Sparked a Massive Altcoin and Memecoin Rally Banned in the UK – Could Allegedly Be Shut Down For Good! As Bitcoin tops $100k analysts prepare for volatility and correction fears XRP ETFs: Big Firms Bet on the Future of Crypto Investments Ether Hits $4,000 as Coinbase Premium and Ethereum Active Addresses Surge How high can Jasmy price rise by December 31? AI predicts SUI price for year-end Top 3 Artificial Intelligence (AI) Coins of the First Week of December 2024 Former NY Fed President Argues Bitcoin Could Undermine USD, Suggests Prioritizing Regulatory Framework Bitcoin Miner Balance Sees 85,503 BTC Drop in 48 Hours Solana TPS - Will Solana Handle 600,000 Transactions per Second Soon? Bitcoin Exchange OKX Announces 26th Burn of Its Native Token! Ripple CEO Names Important Date for XRP Holders Ex-Fed Chair Believes Bitcoin Reserve Might Not Be Good Idea: Details Shiba Inu (SHIB) Decouples From Bitcoin (BTC): All-Time High Next? Why South Korea’s Crypto Market Belongs to Altcoins Will Uniswap (UNI) Find Its Momentum Again? ? Ethereum Soared: Finally Above $4,000 – Here’s What to Know Bitcoin Enters High-Risk Zone: Struggles to Sustain Surge Above $100,000 JASMY Celebrates Major Price Barrier Breakthrough and Sets Trend Top of $0.05, Major Pump Action Ahead Users report Coinbase restrictions – Here’s what can lead to account flagging John Bollinger Asks What Top Cryptocurrencies Right Now Are Former FED Chairman Talked About Bitcoin (BTC), Gave Advice to Trump! Analyst Says Shiba Inu is Filling Bullish Pattern, Targets a Surge to $0.000040 Cardano Constitutional Convention: A Defining Moment for Blockchain Governance Worldcoin in the Midst of 50% Growth—Can WLD Hit $10 in 2024? Bitcoin price can hit $200k in 2025, but crossing $122k will be crucial Ripple CLO Issues Statement on Future of Industry With Crypto Czar Best Way to Protect Yourself Against Crypto Scams Named by SHIB Team Bitcoin Hits $100K Briefly Before Retracing: CBD Metric Reveals Key Levels AERO price steady as smart money accumulates, Nansen data shows How Does ORDI Coin Enhance Bitcoin’s Utility? Ripple’s XRP Drops 5%: Why Long-Term Indicators Remain Renta Network Joins Forces with RWA Inc to Transform Asset Ownership in Web3 Ethereum (ETH) Completes First 2024 Golden Cross: Details This Week in Meme Coins: Mog Coin, Snek hit All-Time Highs, Gigachad Rallies U.S. Added 227K Jobs in November, Topping Estimates for 200K LUNC Price Eyes 60% Rally As Terra Classic Forms Bullish Pattern U.S. Regulator Told Banks to Lay Off Crypto, Letters Obtained by Coinbase Reveal Raoul Pal Says Dogecoin in a Similarly Bullish Position as XRP, Expects Uptrend After Wedge Breakout XRP News: Trump's AI and Crypto Czar David Sacks Favors Ripple in SEC Lawsuit ADA Whales Are Buying: Can Cardano Price Soar 165% Solana eyes transaction boost with proposed block compute increase Prediction markets set Bitcoin price for year-end 'Cardano CEO' Revealed by Charles Hoskinson 22,018,660 XRP Stun World's Largest Crypto Exchange Ethereum Realized Cap Hits All-Time High, Suggests Trouble for ETH Bears $1.9B Cap Kaia Coin Notched 100% Surge in Days: What’s Behind the Rally? Bitcoin sees massive pump and dump in 24 hours, around $100k mark $BTC Leads the Charge to $104k – See Who Else Hit ATHs! Mantle (MNT) Eyes $2 Amidst a Bullish Surge Analyst Reveals the Real Danger Awaiting Ripple (XRP) Bulls! 11 Trillion Shiba Inu (SHIB) in 24 Hours: What to Expect On-Chain Metrics Revealed Warning Signs Before the 10% Crypto Market Dip New store of value? Bitcoin's dominance over gold hits largest margin in history Floki Strengthens Presence in Canada with New Coinsquare Listing and Increased Market Access US voters gave a ‘pro-crypto’ mandate—what happens now? | Opinion Cardano Crosses 100 Million Transactions in Epic November Growth Why is MicroStrategy nowhere close to its all-time high, unlike bitcoin? ORCA and ACX Skyrocket Upon Binance Listing Announcement Bernstein names this Bitcoin-related stock as its best idea for 2025 SnapX Partners with Ave.ai to Boost Trading Experience dYdX (DYDX) Emerges as Top Performing Altcoin with 30% Rally — More Upside Ahead? Coinbase Expands With Baht and Peso Stablecoins in Southeast Asia Can Solana Price Rise To $300 In The Next 30 Days? The Ultimate 'I Told You So': Community Celebrates $100K Bitcoin Milestone FTT Token Hits 2024 Highs on Bankruptcy Plans and NFT Speculation What is a crypto rug pull? How to stay safe from rug pulls Trump’s crypto czar is Solana bull and Multicoin Capital investor Elon Musk shares a simple idea to fix US economy and trade deficit after D.O.G.E Day on the Hill Crypto firm Zama launches tool to build private apps on any EVM chain What’s Next for Solana (SOL) After Daily Volume Jumps Back to $13 Billion Florida Plans Strategic Bitcoin Reserve Using $1.85B from Pension Fund Hong Kong to Submit Stablecoin Bill to Legislative on Dec18 XRP Price Will Hit $10,000, One User's Calculation Shows PNUT Memecoin Soars 13,000x: Trader Turns $450k to $8M Newly Appointed White House Crypto Czar’s XRP Ruling Remarks Resurface Regulation compliance key to India’s crypto future — Bitget COO VeChain’s New Era: Protocol Updates Paving the Way for Global Adoption Bitcoin’s surge signals potential market ‘overshoot,’ BofA strategist warns XRP News : Is RLUSD a Threat to XRP? Here’s What Experts Are Saying Former US Treasury Secretary calls the national Bitcoin reserve ‘crazy’ Bitcoin price metric 'bearish since October' warns analyst amid $10K dip M3 DAO Collaborate with Bitgert to Drive Blockchain and Web3 Innovation Jasmy price prediction: 2 reasons why ‘Japan’s Bitcoin’ surged DYDX rallies 35% amid reports of backing by Trump’s new crypto czar NFT market rebounds with 22% volume surge in November despite declining sales, data shows Is DOGE Set to Soar? Analyst Calls $0.72 as Next Target Binance P2P launches three merchant program tiers HIO Music Team Shares Its Vision for Decentralized Streaming, Launches 2nd Launchpad Raise on Fjord Foundry Bitcoin Exchange OKX Announces Listing of a New Altcoin Trading Pair for Margin Trading! Bitcoin (BTC) Price Turmoil Wipes Out $1 Billion in Liquidations Michael Saylor Reveals How 80% Bitcoin Crash Could Be Possible: Details Bitcoin Crossing $100,000 is Proof of Our Evolving Humanity 90% of token unlocks drive prices down, declines begin a month ahead 3 Cryptocurrencies That Reached All-Time Highs Today — December 6 Bitcoin Exchange Binance Announces Listing of Two New Altcoin Trading Pairs! XRP Price to Plunge $2? As Rising Bitcoin Dominance Could Crush XRP Bulls Ex-ARK Invest analyst warns against overhyping $10t crypto market cap targets Bitcoin Gained 31.31% in Last Month and is Predicted to Reach $ 106,822 By Dec 11, 2024 Crypto Markets Have Benefited From a Positive Environment Since U.S. Election: Citi Macro Guru Raoul Pal Says Top Ethereum Rival Has a Massively Bullish Chart and Will Accelerate After Breakout Are Bears Gaining Control as Bitcoin Drops Below $100K? Can Meteora kill Pump.fun with its stealth token launch? Whales Deploy Over $110M to Accumulate Cardano: Is a Fresh Pump Coming? Bitcoin ETF trading volume spikes 50% amid BTC drop below 100k Will Ethereum (ETH) Surge Past $4K Soon? Expert Commented on What’s Next for Bitcoin Price After $100,000 Hurdle Atomic 3 and Cardano Join Forces to Tokenize Lithium and Democratize Natural Resources Expert Unveils Possible Meaning Behind XRP 589 Figure, But There’s a Catch Novogratz Doesn't Think Satoshi Is Alive Binance Futures Announces It Will Delist Three Altcoin Trading Pairs! Here Are The Details Market Analyst Says Time is Approaching for Cardano to Flip Dogecoin FBI Cracks $8.3M Crypto Fraud: Launderer Sentenced to Prison and $2.3M Repayment Top-10 Altcoin That’s Exploded Over 400% in a Month Could Rally Into New All-Time High, According to Trader COZ releases Neo N3 Ledger app v0.5.0 with UX updates XRP Price Steadies Above Support: Preparing for the Next Move? BONK Finds Stability At $0.00004002, Can Bulls Spark A Comeback? Cardano Surpasses The Famous $1.18 Barrier Renowned Economist Talked About the Future of Bitcoin: “BTC Will Never…” Aark Labs Launches AI and RWA Assets to Advance Web3 Usage Mt. Gox Makes New Transfers After Bitcoin Plunges to $92K Nearly $3 Billion in Bitcoin and Ethereum Options Expire Today Amid Mixed Market Sentiment Who is David Sacks? Trump’s pick for White House AI and Crypto Czar is a Bitcoin holder Cardano Price Prediction Today: Breakout of Breakdown? Cardano Faces Crucial Test: Resistance at $1.20 Threatens Ongoing Rally SEC signals it would reject spot Solana ETF filings and pause new crypto ETF approvals Sui’s Bullish Trend Puts Avalanche on Notice: What’s Ahead XRP bulls could face ‘bloodbath’ if Bitcoin dominance rises: Analyst BTC Nosedive to 92K Hits DOGE, XRP Futures Hardest as Liquidations Climb to $1B FOMO Traders Beware, Bitcoin's 'High-Wave' Price Action Points to Confusion: Godbole Theta Labs and FlyQuest launch AI esports chatbot Chainlink looks for gains: Will these 2 factors propel LINK higher? Aerodrome Finance rises 39% in 7 days – Can AERO flip $2 to support? BlackRock, MARA Holdings, whale buy nearly 10K Bitcoin as price retreats Memecoins Reach $140B Market Cap and Gain Ground in Crypto Economy Bitcoin's Road to $1 Million: The Seventh Wonder of the Financial World Makes History Bitcoin flash crashes to $90,200 causing over $885 million in liquidations XRP Wobbles but Won’t Fall: Weekly Gains and Prediction Buzz Persist Putin Confirms Digital Ruble Integration in Russia's Federal Budget DC Wallet Partners with Indian Government-Owned Firm to Promote Digital Rupee Adoption How $100K Bitcoin impacts the wealth gap in the digital age Investors pile a record $432M into Ether ETFs amid 9 days of inflows Bitcoin Price Rebounds to $97K: CIFDAQ Founder Predicts Continued Volatility in the Crypto Market SEC signals it would reject spot Solana ETF filings and pause new crypto ETF approvals DePIN Project Spacecoin to Launch Decentralized Satellite for Global 5G Access SOL’s Cup and Handle Projects 47% Gain Amid $1.18B Inflows XRP Price Prediction For December 6 Analysts foresee upside potential for Bitcoin beyond $100k despite some red flags CARV Join Forces with Mind Network to Transform Privacy and Security in Decentralized Ecosystems Bitcoin’s aggressive $100K rise will bring out the ‘Holiday Effect’ Bitcoin Slips Back to $97K; Crypto related Stocks Fall SEC vs Crypto : Gary’s Final Strike on Crypto Before Departure Australia to crack down on crypto ATM providers, citing money laundering risk Top NFT Brand Pudgy Penguins to Release PENGU Token James Howells Fights to Recover Lost Bitcoin Worth $800 Million Public Company Worksport to Invest $5 Million in Bitcoin and XRP For Treasury Bitcoin Breaks Records with $1.1775B Hourly Trading Surge UK government found to have billions of dollars Bitcoin: Arkham Bitcoin drop to $97k as the market liquidated $565 million Trump names podcaster David Sacks as ‘AI and crypto czar’ Bitcoin Plunges $6K in Minutes, Recovers to $98K as Crypto Liquidations Top $1 Billion Robinhood CEO Vlad Tenev Comments On BTC Rally & Paul Atkins’ Nomination Is OpenSea Hinting a Possible Token Launch in Its Cryptic Social Media Post? XRP Drops: Why Is It Bullish? Dogecoin (DOGE) Delivers Crucial Signal, Shiba Inu (SHIB) Boom Turns to Bust Bitcoin dips below $92K as 24-hour liquidations hit $1 billion Financial Times issues ’apology’ to Bitcoiners after 13 years of criticism Bitcoin Crashes Below $95,000; Party Over? Fibonacci Analysis Predicts Bitcoin Price Target After $100k Breakout - CryptoNewsZ Ripple Lawsuit: SEC's Next Move as January 15 Deadline Nears