BTC $21135.25 (-0.1%)
ETH $1197.87 (-1.0%)
USDT $0.99 (0.01%)
BCH $113.34 (-3.0%)
BSV $63.88 (-0.1%)
LTC $58.19 (5.01%)
BNB $233.76 (-1.3%)
ADA $0.48 (-2.2%)
DOGE $0.06 (0.10%)
BTC $21135.25 (-0.1%)
ETH $1197.87 (-1.0%)
USDT $0.99 (0.01%)
BCH $113.34 (-3.0%)
BSV $63.88 (-0.1%)
LTC $58.19 (5.01%)
BNB $233.76 (-1.3%)
ADA $0.48 (-2.2%)
DOGE $0.06 (0.10%)

Cardano Preps to Smash $1, Is It Time to Buy Now?

Cardano_bulls_target_$1_resistance_level_before_massive_ADA_rally Cardano News
  • ADA Cardano may reach $1.21 in a while.
  • Cardano surges to over +30% in the past week.
  • ADA trades to almost $1 as it is on its way to break this limit in no time.

Cardano set the crypto space on fire as it successfully recorded a price surge of over +30% in the past 7 days. This aggressive performance of the crypto created a craze and excitement across its community in the space. Hence, investors and traders outside the crypto world are now closely monitoring Cardano’s movement.

Source: TradingView

Despite the ongoing tension between Russia and Ukraine that caused stock and crypto markets to crash, Cardano recorded a price surge. As seen in the chart above, ADA was able to uplift its position from $.75 to $.90, leaving the bearish territory. This performance positions the crypto near its resistance level of $1. If this trend continues, there might be a chance that ADA will break $1 in no time.

Furthermore, Cardano successfully created a huge growth rate surge of +31% in the past days. If Cardano can do this price pump once again, the price of ADA may reach the bullish price of $1.21. Indeed, this price level will make the fans of Cardano all around the world go crazy. However, all this price forecast of Cardano still depends on the performance of the bullish market.

At the time of writing, Cardano trades at a high price of over $.90 per crypto with a huge market cap of almost $31 billion. So what can you say about the recent market standing of Cardano? Do you think this is the right time to buy Cardano?

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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A dedicated market analyst focused on the highs and lows of the cryptocurrency market. With a background in Business Administration, he tries to unfold his financial perspective to global readers.