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»ALTCOIN NEWS»Cardano’s bullish breakout? This time the ADA price is $1 or $0.40.
ALTCOIN NEWS

Cardano’s bullish breakout? This time the ADA price is $1 or $0.40.

By Crypto FlexsMay 9, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Cardano’s bullish breakout?  This time the ADA price is  or alt=
Share
Facebook Twitter LinkedIn Pinterest Email
  • The price of ADA has risen by more than 4% in the last 24 hours.
  • Most surface sand investor sentiment seemed bullish on ADA.

Cardano (ADA) Its performance over the past few hours has been one of the best among the top 10 cryptocurrencies. This pushed the price of ADA to serious levels right before breaking out of the bullish pattern.

Cardano prepares for a rally

Renowned cryptocurrency analyst World Of Charts recently posted the following: Twitter Highlights the bullish pattern formed on the ADA chart. According to the tweet, the price of ADA has reached the upper trendline of a bullish flag pattern.

A successful break above this level could result in explosive growth. In fact, the tweet mentioned that ADA could reach $1 in the coming weeks if a breakout occurs.

ADA’s price action supported this possibility as it was one of the best gains among the top 10 cryptocurrencies. According to CoinMarketCapCardano is up more than 4% in the last 24 hours.

At the time of this writing, ADA is trading at $0.4603, with a market capitalization of over $16.4 billion, making it the 10th largest cryptocurrency.

The token’s trading volume also surged 74% along with its price, which is generally a positive sign.

AMBCrypto then looked at Santiment’s data to see if the indicators supported this price rise. On May 9, we saw a slight decrease in ADA’s funding rate.

This was optimistic, as prices typically move in the opposite direction of funding rates.

It was faster, meaning ADA was used more often for transactions within a set time frame. Another bullish indicator was the MVRV ratio, which improved sharply thanks to ADA’s recent price rise.

Cardano’s MVRV ratio has improved.

Source: Santiment

What’s next for the ADA?

In addition to this, investor confidence in Cardano has also increased over the past few hours. Looking at Santiment’s data, the ADA’s Weighted Sentiment is in positive territory.

This means that optimistic sentiment towards the token has increased.

Social volume also surged, reflecting the token’s growing popularity in the cryptocurrency space.

ADA's weighted sentiment has improved.ADA's weighted sentiment has improved.

Source: Santiment

Some technical indicators also looked optimistic. For example, MACD has a bullish lead in the market.

The Relative Strength Index (RSI) is on the rise, indicating further price upside, which could allow ADA to break out of its bullish pattern.


read Cardano (ADA) Price Prediction 2023-24


If a breakout occurs, ADA’s first test will be near the immediate resistance at $0.518.

However, Chaikin Money Flow (CMF) recorded a sharp decline, suggesting that ADA’s rally may not last and that ADA may plummet to the $0.43 support level.

Source: TradingView

Next: Bitcoin rises amid yen crisis: ‘Nothing can stop this train’

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The method of transforming ASTER WHALES into panic is as follows.

September 25, 2025

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025

‘Fat Apps’ can lead the cryptographic story in the next few months.

September 11, 2025
Add A Comment

Comments are closed.

Recent Posts

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025

LYS Labs Moves Beyond Data And Aims To Become The Operating System For Automated Global Finance

September 26, 2025

Dexari Unveils $1M Cash Prize Trading Competition

September 26, 2025

How to solve the XPL perp defect

September 26, 2025

Detect the full execution bug with the induction pursing of Wake

September 25, 2025

KuCoin Appeals FINTRAC Decision, Reaffirms Commitment To Compliance

September 25, 2025

Phemex Revamps Blog To Deliver Deeper Insights And Enhanced Reader Experience

September 25, 2025

T-REX Launches Intelligence Layer To Fix Web3’s Value Distribution Problem

September 25, 2025

Are you doing a fair deal?

September 25, 2025

The method of transforming ASTER WHALES into panic is as follows.

September 25, 2025

Hyperliquid launches USDH Stablecoin issued by Native Markets

September 25, 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

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025

LYS Labs Moves Beyond Data And Aims To Become The Operating System For Automated Global Finance

September 26, 2025

Dexari Unveils $1M Cash Prize Trading Competition

September 26, 2025
Most Popular

Three reasons why Bitcoin prices cannot account for $ 90K resistance level

March 28, 2025

Protect everything you love in Web3 with Vault12

November 27, 2023

Ethereum price is in a rut, but poised for an interesting uptrend

June 5, 2024
  • 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.