Analytics

Cardano Price Can Rally To $0.45 If This Key Resistance Yields

22.08.2024

Cardano price is currently surging as it seeks to reclaim 11th place ahead of Justin Sun’s Tron Network (TRON), which Sun believes can reach $4 billion in revenue with his new strategy. ADA bulls have returned in full force, driving the price up 8.1% in the last 24 hours to $0.3719. On-chain analysis shows a rise in active addresses on the network, a typical precursor to a price increase. Additionally, trader sentiment has turned bullish, with more investors rushing to purchase the asset. Cardano now faces a critical resistance zone, and its next upward move will depend on how it performs at this key milestone.

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22.08.2024
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