Cardano Price Prediction: As ADA Hits 2.5-Year High, Whales Pump Another $320K Into Pepe Unchained Presale – Is Altcoin Season Here?
The Cardano price soared over 11% in the last 24 hours to trade at $0.8791 as of 7:28 a.m. EST as investors go long on the altcoin. With the recent surge, the ADA price was able to reach its highest point since May 2022. It is, however, still down over 72% from the all-time high of $3.10 it set on Sep. 2, 2021. Cardano Price Clears The $0.8381 Resistance 4-hour chart for ADA/USD (Source: GeckoTerminal ) The Cardano price rose above the resistance level at $0.8381 in the last few hours, according to GeckoTerminal data . If the altcoin closes the next 2 4-hour candles above this mark, it could have a solid technical foundation to rise off from and continue its ascent. Traders might subsequently push the Cardano price up to above the $0.9127 barrier in the short term. ADA’s bullish move could come to an end if traders decide to realize their profits from the crypto’s recent rally. Sell pressure has already started to enter the crypto’s price, which is evident by the...