Cardano Price Prediction: $ADA Price Hints Rally To $0.50 In Uptober? - CoinPedia Analytics

Irma - Sep 24 - - Dev Community

Bitcoin stabilizing above $63,000 has fueled altcoin growth, with Cardano (ADA) breaking key levels. ADA gained ~13% in the past week, retesting its $0.330 support. The token is up 5.06% in 24 hours with $266.54M trading volume, and holds a $13.39B market cap, ranking 13th.

ADA has been close to its $0.330 support since August, forming a strong base. The Simple Moving Average (SMA) indicator suggests a positive outlook, while the Relative Strength Index (RSI) nears overbought, signaling further gains.

If momentum continues, ADA could test resistance at $0.4075 and potentially hit $0.50 soon. However, a bearish reversal might push the price back to $0.330.

In a stronger bearish scenario, ADA could drop to $0.2410.

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