Cardano Price Prediction for Today, November 30 – ADA Technical Analysis

Cardano Price Prediction: Bullish Momentum

The Cardano price analysis shows a 1.67% increase, indicating a bullish trend as the coin prepares for a positive crossover.

Cardano Statistics Data:

• Current Price: $1.09
• Market Cap: $38.06 billion
• Circulating Supply: 35.07 billion
• Total Supply: 44.99 billion
• CoinMarketCap Ranking: #9

Cardano's Historical Growth:

Cardano (ADA) has witnessed significant growth since its inception, with a substantial +6189.32% increase since October 2017. Despite currently trading below its all-time high, ADA maintains its strong position in the market.

ADA/USD Market Analysis:

Key Levels:

• Resistance: $1.50, $1.60, $1.70
• Support: $0.75, $0.65, $0.55

ADA/USD is trading in the green zone, approaching a bullish crossover. The daily chart shows an upward trend, but a slide below the 9-day MA could indicate a potential southward movement, supported by the $1.05 level.

Cardano Price Prediction:

ADA is trading above the 9-day and 21-day moving averages. Failure to break above $1.15 could result in a retracement towards $0.80. However, the bullish momentum suggests a temporary pullback before a sustained upward movement. If ADA breaches $1.15, it could target $1.35, solidifying its bullish outlook.

ADA/BTC Market Analysis:

Key Levels:

• Resistance: 1188 SAT
• Support: 850 SAT

ADA/BTC shows resilience against Bitcoin despite its increasing dominance. The current resistance at 1188 SAT presents a challenge, and a bearish move could lead to support at 850 SAT. However, ADA's bullish fundamentals suggest resilience and a potential breakout above the channel resistance towards 1400 SAT.

Cardano Alternatives:

The Cardano price faces a pivotal point, with a bullish bias in the medium term. Pepe Unchained ($PEPU) has emerged as a notable crypto, garnering significant attention during its presale. Its unique infrastructure, including a Layer 2 blockchain, decentralized exchange, and staking rewards, has attracted investors. Early adopters have the potential for substantial gains as the project continues to grow.