Cardano Price Prediction: ADA Soars 9% As Traders Rush To Buy Pepe Unchained Presale With Time Running Out

Cardano Price Surges

Cardano's price has surged 9% in the past 24 hours, reaching $1.06 as of 7:05 a.m. EST, despite a 10% decline in trading volume to $2.1 billion.

Bullish Channel Intact

Cardano (ADA) continues to trend upwards, currently trading at $1.06363. The price has remained within an ascending channel, indicating bullish momentum.

Resistance is present at $1.33226, while support is provided by the 50-period Moving Average (MA) at $0.9819. The 200-period MA at $0.6193 serves as long-term support.

Technical Indicators Support Uptrend

Moving Average Convergence Divergence (MACD) shows a positive divergence, indicating strengthening bullish momentum. The MACD line (0.0209) is above the signal line (0.0146), suggesting buying pressure.

The Relative Strength Index (RSI) is at 64.62, signaling strong buying momentum. It remains below overbought levels, indicating potential for further upside.

Pepe Unchained Presale Success

As Cardano price rises, the Pepe Unchained (PEPU) presale has surpassed $58.4 million in funding raised. Analysts predict a 100X potential for PEPU at launch.

PEPU aims to provide a Layer 2 blockchain for faster and cheaper transactions compared to Ethereum. Major exchange listings are anticipated, including Binance and Coinbase.

The official PEPU launch is scheduled for December 13, with less than 14 days remaining for presale participation. PEPU tokens are available for purchase at $0.01295 each, with staking options offering a 59% annual percentage yield.

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