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»Has Cardano’s rally begun? This time, let’s see if ADA can reach $1.
ALTCOIN NEWS

Has Cardano’s rally begun? This time, let’s see if ADA can reach $1.

By Crypto FlexsApril 21, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Has Cardano’s rally begun?  This time, let’s see if ADA can reach .
Share
Facebook Twitter LinkedIn Pinterest Email
  • A low NVT ratio indicates that the token has reached a mid-term bottom.
  • Technical analysis predicted ADA to surge to $0.82.

Signs from the adjusted 90-day NVT ratio suggest that Cardano (ADA) may be on the verge of nailing the bear in the coffin. For those unfamiliar, NVT stands for Network Value to Transaction.

A high NVT ratio means that the cryptocurrency has a high network value, but its network activity is unimpressive. In seasons like these, investor sentiment can be weak and prices can fall.

However, Cardano’s NVT obtained from Messari was -1.23. A low value like this indicates that the project’s trading volume is growing faster than its market capitalization.

Cardano’s NVT shows potential for ADA price increase.

Source: Messari

The ADA prefers cups with handles.

For ADA, the decline was a bullish signal that could herald a higher value for the token. However, AMBCrypto did not find it surprising that trading volume exceeded market capitalization.

We recently reported how ADA almost dropped out of the top 10 after other cryptocurrencies flipped their rankings. But that may no longer be the case.

At press time, the price of ADA was $0.48. This value has increased by 2.01% over the past 24 hours, thanks to the recovery of altcoins following the Bitcoin (BTC) halving.

We checked the information from a technical perspective and found that the NVT signal is valid. On the 4-hour ADA/USD chart, the token formed a cup and handle pattern from April 15th to 20th.

Here the bulls held the support at $0.44 and allowed the Cardano native token to break above the resistance at $0.47. Once the cup and handle are formed, the ADA can be integrated for some time.

This potential consolidation is verified by the Relative Strength Index (RSI). At the time of writing, RSI is down from its previous upward trend, indicating that the token is losing bullish momentum.

However, the 4.236 Fibonacci extension may rise to $0.82 in the medium term. First, the price may reach $0.76 (3.618 Fib level) before breaking above the psychological resistance of $0.80.

According to Cardano analysis, the price could reach $0.82.According to Cardano analysis, the price could reach $0.82.

Can I get 1 dollar this time?

Last year, Cardano failed to reach expected levels. So reaching that point could open the door to higher valuations than last seen in the 2021 bull cycle.

Meanwhile, the total number of ADA holders remained at 4.47 million at the time of reporting. The last time the indicator increased significantly was on April 8th, when 100,000 new addresses purchased tokens.


Read Cardano (ADA) price prediction for 2024-2025


If the number of holders holds steady over the next few days, the price of ADA may trade sideways. During that period, the value could be between $0.46 and $0.51.

Data Shows Potential Price Increase for ADAData Shows Potential Price Increase for ADA

Source: TradingView

However, demand for ADA may increase in the coming months. In this case, 1 to 1 dollar worth of ADA may be available. But for the time being, Cardano may sit on the sidelines.

Next: BOME price rises, but you should not sell just yet. Here’s why:

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025

Keepsolid launches KS COIN: Loyalty encryption through actual utility token benefits

August 14, 2025

XRP struggles for $ 3: Do Whale Offroads attract it lower?

August 7, 2025
Add A Comment

Comments are closed.

Recent Posts

Cardano founder says Chainlink quotes ‘ridiculous price’ to them.

September 3, 2025

Acurast launches ‘Staked Compute’ and challenges AWS, Azure and Google Cloud using the distributed smartphone network.

September 3, 2025

Solana-packee blockchain manually spreads

September 3, 2025

Bybit Card Launches In Europe With Unmatched 20% Cashback

September 3, 2025

GiftlyCard.com Recognized As Verified And Secure By Independent Review Sites

September 3, 2025

Embodying “Simple Mining, Smart Gains” For Effortless Crypto Accumulation

September 3, 2025

TOKEN2049 Singapore stops all records with the world’s largest Web3 event with 25,000 attendees in unprecedented demand.

September 3, 2025

Simultaneously Mine Dogecoin (DOGE), Ripple (XRP), And SOL

September 3, 2025

Simultaneously Mine Dogecoin (DOGE), Ripple (XRP), And SOL

September 3, 2025

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 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

Cardano founder says Chainlink quotes ‘ridiculous price’ to them.

September 3, 2025

Acurast launches ‘Staked Compute’ and challenges AWS, Azure and Google Cloud using the distributed smartphone network.

September 3, 2025

Solana-packee blockchain manually spreads

September 3, 2025
Most Popular

Cipher, Coinbase, MicroStrategy Lead Crypto Stock Surge as Bitcoin Rebounds

July 15, 2024

What is SEI? – Bitfinex Blog

February 8, 2024

Do you want to specify options as startup flags for Bitcoin Core or in a conf file?

February 15, 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.