Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»EXCHANGE NEWS»Are you on the verge of a breakthrough? Analysts expect Cardano (ADA) to hit a new annual record.
EXCHANGE NEWS

Are you on the verge of a breakthrough? Analysts expect Cardano (ADA) to hit a new annual record.

By Crypto FlexsNovember 28, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Are you on the verge of a breakthrough?  Analysts expect Cardano (ADA) to hit a new annual record.
Share
Facebook Twitter LinkedIn Pinterest Email

Market analyst Ali Charts recently shared insights on the Cardano (ADA) market trajectory. Looking at recent trends, ADA appears to be in a bearish phase.

Over the past 24 hours, the asset has fallen primarily by 2.8%, bringing its trading price down to $0.37. However, despite the current decline, Ali proposal The optimistic outlook suggests that Cardano is poised for a significant price surge and could possibly reach its peak this year.

Analysts’ Positive Outlook on ADA: Understanding the Demand Area

In an Analysts recorded significant buying activity in this range, with over 166,470 wallets purchasing ADA at this level.

Ali says this strong demand indicates a strong level of support at that price point. If resistance is minimal, Ali’s analysts suggest ADA could increase, potentially pushing it past the yearly high of $0.4518.

In particular, the analyst notes that the current buying trend in the demand zone is a positive indicator of ADA’s strength, while warning investors to remain cautious. Failure to hold support in this zone could lead the price of ADA to fall to lower levels, such as $0.34.

#Cardano It is located in the key demand zone between $0.37 and $0.38. Here, 166,470 wallets won 4.88 billion. $ADA.

If there is minimal resistance ahead and solid support below, staying above this area can pave the way for the next one. $ADA Achieves a new annual high. Be careful though… pic.twitter.com/GDjhspFSVr

— Ali (@ali_charts) November 27, 2023

Cardano (ADA) latest price action

ADA has been on a downtrend recently, losing nearly 5% of its value over the past week. This downward trend has led to a 2.5% drop over the last 24 hours, reaching a trading price of around $0.378. This price range is important as it coincides with a strong support level identified by analyst Ali.

Cardano (ADA) price is moving sideways on the 4-hour chart. Source: ADA/USDT on TradingView.com

As highlighted above, a drop below this support level could potentially lead to further declines to around $0.34, according to Ali. Conversely, if ADA stabilizes or rebounds from this level, it could set the stage for a rise to new annual highs.

Although ADA has faced a bearish phase recently, the outlook is more positive when viewed from a broader perspective. ADA has shown a 29% increase over the past month and maintains a 3.2% increase even considering the past two weeks.

Meanwhile, the asset’s daily trading volume has been trending downward over the past few weeks. In the past 24 hours, ADA’s daily trading volume was $255 million, a sharp drop from $600 million in mid-month.

Featured image by Unsplash, chart by TradingView

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Cardano (ADA) Signal Recovery -Is there a strong rise?

September 15, 2025

The price of Etherrium surges beyond $ 4,500. -Main level for monitoring more profits

September 12, 2025

Bitcoin Price Struggle $ 113K -Will Bulls take a break?

September 9, 2025
Add A Comment

Comments are closed.

Recent Posts

Green Hood Contracts Thanksgiving Summary -Ackee Blockchain

September 17, 2025

BetFury Is At SBC Summit Lisbon 2025: Affiliate Growth In Focus

September 17, 2025

FED Mining’s Cloud Mining Platform Is Helping Users Earn $8,800 Per Day, And XRP’s Growth Is Driving Market Enthusiasm.

September 17, 2025

Stablecoin Holdings Drop As Investors Pivot To SOL, XRP, And Altcoins

September 17, 2025

Flipster Partners With WLFI To Advance Global Stablecoin Adoption Through USD1 Integration

September 17, 2025

Zircuit Launches $495K Grants Program To Accelerate Web3 Super Apps

September 16, 2025

Kintsu Launches SHYPE On Hyperliquid

September 16, 2025

New Cryptocurrency Mutuum Finance (MUTM) Raises $15.8M As Phase 6 Reaches 40%

September 16, 2025

How XRP Enthusiasts Can Earn $15k/Day

September 16, 2025

Bringing 1R0R To R0AR Chain Unlocks New Incentives

September 16, 2025

As the Air drop recipient is sold, the infinite price is 46% conflict after Binance listing.

September 16, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Green Hood Contracts Thanksgiving Summary -Ackee Blockchain

September 17, 2025

BetFury Is At SBC Summit Lisbon 2025: Affiliate Growth In Focus

September 17, 2025

FED Mining’s Cloud Mining Platform Is Helping Users Earn $8,800 Per Day, And XRP’s Growth Is Driving Market Enthusiasm.

September 17, 2025
Most Popular

Peanut the Squirrel (PNUT) soared 269% after Musk gave the hint.

November 16, 2024

Bitcoin feelings are low to 2023, but ‘risks for the environment’ can trigger the BTC Price Rally.

April 4, 2025

The latest technology news in cryptocurrency and blockchain

December 7, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.