Cardano Price Prediction for Today: ADA Technical Analysis – November 30
The Cardano price prediction is looking optimistic today, with ADA showing a 1.67% gain as it gears up for a bullish cross. Currently priced at $1.09, Cardano boasts a market cap of $38.06 billion and a circulating supply of 35.07 billion coins, securing its spot as the 9th largest cryptocurrency on Coinmarketcap.
Cardano (ADA) has seen an impressive growth of +6189.32% since its all-time low of $0.01735 in October 2017. While it’s currently trading between $1.04 and $1.15—well below its peak of $3.10 in September 2021—ADA remains a formidable player in the market. This journey highlights the significance of identifying and investing in promising projects early on to reap long-term growth benefits.
On the ADA/USD daily chart, we can see positive trading activity as the coin inches closer to breaking above the upper boundary of the channel. Currently, ADA is trading above the 9-day and 21-day moving averages, signifying an upward trend. The next key decision point for Cardano lies at the $1.15 resistance level; a failure to breach this level could result in a retracement towards $0.80, though the overall medium-term uptrend would likely remain intact. Bullish indicators suggest that even with minor pullbacks, ADA’s momentum is more likely to push it higher, potentially reaching a significant milestone at $1.35 upon breaking above $1.15.
Looking at the ADA/BTC pair, Cardano has shown resilience against Bitcoin despite facing resistance at 1188 SAT against USD. The ADA momentum remains strong against BTC, supported by an uptrend in relative strength. Consolidation patterns in the ADA/BTC chart suggest a potential breakout, although Bitcoin’s dominance and price fluctuations will influence future movements.
Take note that a breakout above the upper channel boundary could trigger intensified buying pressure, propelling ADA towards resistance levels of $1.50, $1.60, and $1.70. Conversely, a drop below the $1.00 support level may necessitate testing lower supports at $0.80, $0.75, $0.65, and $0.55 if selling volume increases.
As traders keenly watch Cardano, attention is also shifting towards an upcoming crypto sensation: Pepe Unchained ($PEPU). The project boasts unique features like a Layer 2 blockchain infrastructure designed for meme coins, along with a decentralized exchange, staking rewards, and developer grants. With significant interest during its presale—already raising $60 million with 13 days left before its potential exchange listing—Pepe Unchained is capturing the market’s attention. Investors seeking the next 100x cryptocurrency are urged not to miss this opportunity, as prices are anticipated to surge post-launch, gaining momentum from rising demand and anticipated tier-one exchange listings.
For those interested in Pepe Unchained, it’s crucial to secure your position early through the official link to avoid scams and maximize investment potential. Don’t miss out on this chance to ride the wave of this promising project.
