Key Takeaways
- The price of Cardano has increased on the weekly and monthly timeframes.
- The cryptocurrency is currently aiming for resistance at the 200-SMA ($0.5822).
- Sssebi forecasted Cardano’s value could rally to $1.40 if Trump emerged as US president.
Cardano (ADA) Price Pumps on Weekly and Monthly Charts
As the new upswing in the crypto market begins, experts predict that the ADA price will penetrate the $0.5 – $0.6 range in the next few days. However, the cryptocurrency has remained in this range for over three months now.
Fortunately, the recent rally has woken up Cardano (ADA) bulls into action. The Cardano coin has been trading at a value of $0.5822 in the weekly timeframe, according to data obtained from CoinMarketCap.
It has also gone up by 71% on the biweekly chart and 68% on the monthly basis. The cryptocurrency rose from $0.33 to $0.58. Because of the uptrend, the Cardano price has gone above the resistance level of the 50-SMA, which was at $0.355856. .
At the moment, most of the altcoin’s technical indicators are bullish and support this uptick. The 14-day RSI, for instance, has crossed the midline and is heading for the overbought region.
Analysts Share Bullish Predictions for Cardano (ADA)
Reacting to the upsurge, a top analyst called Zayk Charts noted that the Cardano crypto has broken out of a falling wedge breakout on the 1-day chart. Zayk Charts expects the value of Cardano (ADA) to rise by 60-70% to $0.6100 in the coming weeks.
Other analysts like Sssebi are also optimistic about the DeFi cryptocurrency. They forecast that the price of ADA could surge to $1.40 if Donald Trump wins the US presidential election. Trump emerged as the winner on November 6th.
Currently, investors are attentively observing Cardano’s (ADA) behavior near key resistance levels since the ability to overcome these levels could lead to more price growth.
Investors Attracted To Lunex Network (LNEX) Presale Performance
Lunex Network (LNEX) is one of the new altcoins that has attracted investors’ attention with its presale. The price of its native token climbed from $0.0012 to $0.002. Analysts predict an 18x price increase in the coming months. Lunex Network is currently creating an exchange for trading and exchanging cryptocurrencies at a low cost across different blockchains like Ethereum and Solana.
This multi-chain capability makes swapping faster and cheaper. Additionally, the platform compensates LNEX token holders who stake their tokens in the Lunex Network. Users can lock their coins on the platform for 30 days and receive 18% APY, which would make a great passive income source for the users.
Meanwhile, Lunex Network has a service called Lunex Pro. This is the paid version of this platform with more advanced features of trading tools and analytical support for making the right decisions to encourage both beginners and professional traders.
Beyond individual users, Lunex Network is designed with institutional investors in mind. Its B2B merchant payment gateway enables businesses to accept crypto payments, which can be instantly converted to fiat if needed.
Additionally, with over 65 free RPC nodes, Lunex supports Web3 development, attracting businesses and developers looking for a reliable, blockchain-friendly infrastructure. With these features, Lunex Network is designed to be an outlier in the DeFi market, providing both high efficiency and high returns for today’s active crypto users.
You can find more information about Lunex Network (LNEX) here:
Website: Lunex Network
Telegram: Join Lunex’s Growing Community
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