{"id":554072,"date":"2023-10-04T13:00:41","date_gmt":"2023-10-04T13:00:41","guid":{"rendered":"https:\/\/ktsl888.com\/?p=554072"},"modified":"2023-10-04T11:31:20","modified_gmt":"2023-10-04T11:31:20","slug":"cardano-bullish-momentum-ada-targets-range-high-post-support-flip","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/cardano-bullish-momentum-ada-targets-range-high-post-support-flip\/","title":{"rendered":"Cardano Bullish Momentum: ADA Targets Range High Post Support Flip"},"content":{"rendered":"

Cardano (ADA) saw its market structure undergo a significant bullish transformation following a series of recent gains. This rally, which began in late September, has propelled ADA’s price up by more than 10% in just one week, measured from its lowest point to the recent peak. Although ADA experienced a retracement in the past few hours, it has managed to retain its overall bullish outlook.<\/span><\/p>\n

The initial signs weren’t entirely encouraging, as evidence from volume indicators hinted at dwindling buying pressure. Nevertheless, the bulls rallied with determination, successfully defending the critical $0.24 level.\u00a0<\/span><\/p>\n

As of the latest data, ADA is priced at $0.254 on <\/span>CoinGecko<\/span><\/a>, representing a marginal 3.1% decline over the past 24 hours. However, over the course of the last seven days, it has recorded a noteworthy gain of 5%.<\/span><\/p>\n

Related Reading: Is Dogecoin On Life Support? Analyzing Its Recent Price Downturn<\/a><\/div>\n

ADA Technical Indicators<\/strong><\/h2>\n

Analysts closely <\/span>monitoring ADA’s price action<\/span> have pointed toward a potential move to a range high of $0.28. For traders eyeing long positions, a lower timeframe bullish structure break could provide an entry point, targeting the range’s high.\u00a0<\/span><\/p>\n

The Relative Strength Index (RSI) has also made a promising climb back above the neutral 50 mark, while the On-Balance Volume (OBV) exhibits an encouraging uptick. The big question now looms: will the existing demand be sufficient to fuel a sustained rally? Whether this demand will be sufficient to fuel a sustained rally remains a subject of speculation.<\/span><\/p>\n

<\/p>\n

ADA market cap currently at $9.02 billion. Chart: TradingView.com<\/a><\/pre>\n

Cardano Potential Amidst Shifting Market Trends<\/strong><\/h2>\n

Meanwhile, Cardano has attracted the attention of a <\/span>separate analysis<\/span><\/a> as one of the altcoins with the potential to capitalize on short profit windows. This opportunity emerges in the wake of Bitcoin’s recent surge, which catapulted it above the $28,000 mark. Analysis suggests that ADA could possibly decouple from broader market trends, presenting traders with a unique opportunity to capitalize on market divergences and seek profit.<\/span><\/p>\n

\"Cardano\"<\/p>\n

Cardano seven-day price action. Source: Coingecko<\/pre>\n

ADA has exhibited resilience and determination in the face of fluctuating market dynamics. While initial signs pointed to a faltering of buying pressure, ADA has managed to pivot, defending the $0.24 level and setting its sights on the $0.28 mark.\u00a0<\/span><\/p>\n

Related Reading: Shiba Inu Investors Beware: 425 Billion Tokens On The Move \u2013 Is It A Sell-Out?<\/a><\/div>\n

The RSI and OBV indicators provide further encouragement to the bullish outlook. Moreover, the potential for ADA to break away from the larger market trends presents traders with an intriguing chance to capitalize on short-term profit opportunities. With the crypto market constantly evolving, Cardano’s resilience and ability to adapt to changing conditions make it an interesting asset to watch in the coming weeks.<\/span><\/p>\n

(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n

Featured image from iStock<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Cardano (ADA) saw its market structure undergo a significant bullish transformation following a series of recent gains. This rally, which began in late September, has propelled ADA’s price up by more than 10% in just one week, measured from its lowest point to the recent peak. Although ADA experienced a retracement in the past few hours, it has managed to retain its overall bullish outlook. The initial signs weren’t entirely encouraging, as evidence from volume indicators hinted at dwindling buying pressure. Nevertheless, the bulls rallied with determination, successfully defending the critical $0.24 level.\u00a0 As of the latest data, ADA is priced at $0.254 on CoinGecko, representing a marginal 3.1% decline over the past 24 hours. However, over the course of the last seven days, it has recorded a noteworthy gain of 5%. Related Reading: Is Dogecoin On Life Support? Analyzing Its Recent Price Downturn ADA Technical Indicators Analysts closely monitoring ADA’s price action have pointed toward a potential move to a range high of $0.28. For traders eyeing long positions, a lower timeframe bullish structure break could provide an entry point, targeting the range’s high.\u00a0 The Relative Strength Index (RSI) has also made a promising climb back above the neutral 50 mark, while the On-Balance Volume (OBV) exhibits an encouraging uptick. The big question now looms: will the existing demand be sufficient to fuel a sustained rally? Whether this demand will be sufficient to fuel a sustained rally remains a subject of speculation. ADA market cap currently at $9.02 billion. Chart: TradingView.com Cardano Potential Amidst Shifting Market Trends Meanwhile, Cardano has attracted the attention of a separate analysis as one of the altcoins with the potential to capitalize on short profit windows. This opportunity emerges in the wake of Bitcoin’s recent surge, which catapulted it above the $28,000 mark. Analysis suggests that ADA could possibly decouple from broader market trends, presenting traders with a unique opportunity to capitalize on market divergences and seek profit. Cardano seven-day price action. Source: Coingecko ADA has exhibited resilience and determination in the face of fluctuating market dynamics. While initial signs pointed to a faltering of buying pressure, ADA has managed to pivot, defending the $0.24 level and setting its sights on the $0.28 mark.\u00a0 Related Reading: Shiba Inu Investors Beware: 425 Billion Tokens On The Move \u2013 Is It A Sell-Out? The RSI and OBV indicators provide further encouragement to the bullish outlook. Moreover, the potential for ADA to break away from the larger market trends presents traders with an intriguing chance to capitalize on short-term profit opportunities. With the crypto market constantly evolving, Cardano’s resilience and ability to adapt to changing conditions make it an interesting asset to watch in the coming weeks. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from iStock<\/p>\n","protected":false},"author":557,"featured_media":554077,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[84005,142,1144,12332,8686,4735],"class_list":["post-554072","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ada-price","tag-altcoins","tag-btcusd","tag-cardano","tag-ethusd","tag-price-action"],"acf":[],"yoast_head":"\nCardano Momentum: ADA Targets Range High Post Support Flip<\/title>\n<meta name=\"description\" content=\"Cardano (ADA) saw its market structure undergo a significant bullish transformation following a series of recent gains. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/ktsl888.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Cardano Bullish Momentum: ADA Targets Range High Post Support Flip","url":"http:\/\/ktsl888.com\/news\/cardano-bullish-momentum-ada-targets-range-high-post-support-flip\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/cardano-bullish-momentum-ada-targets-range-high-post-support-flip\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/10\/a-13.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/10\/a-13.png?fit=1109%2C730"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ada price","altcoins","btcusd","cardano","ethusd","price action"],"dateCreated":"2023-10-04T13:00:41Z","datePublished":"2023-10-04T13:00:41Z","dateModified":"2023-10-04T13:00:41Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Cardano Bullish Momentum: ADA Targets Range High Post Support Flip\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/cardano-bullish-momentum-ada-targets-range-high-post-support-flip\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/cardano-bullish-momentum-ada-targets-range-high-post-support-flip\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/a-13.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/a-13.png?fit=1109%2C730\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ada price\",\"altcoins\",\"btcusd\",\"cardano\",\"ethusd\",\"price action\"],\"dateCreated\":\"2023-10-04T13:00:41Z\",\"datePublished\":\"2023-10-04T13:00:41Z\",\"dateModified\":\"2023-10-04T13:00:41Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/10\/a-13.png?fit=1109%2C730","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/554072"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=554072"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/554072\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/554077"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=554072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=554072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=554072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}