{"id":17737,"date":"2023-02-16T22:27:15","date_gmt":"2023-02-16T22:27:15","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/cardano-price-prediction-ada-breaks-above-0-4\/"},"modified":"2023-02-16T22:27:15","modified_gmt":"2023-02-16T22:27:15","slug":"cardano-price-prediction-ada-breaks-above-0-4","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/cardano-price-prediction-ada-breaks-above-0-4\/","title":{"rendered":"Cardano price prediction: ADA breaks above $0.4"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1676584241377-4a6c300c-577b-4bf1-9a25-850d33f24406-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1676584241377-4a6c300c-577b-4bf1-9a25-850d33f24406-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1676584241377-4a6c300c-577b-4bf1-9a25-850d33f24406-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1676584241377-4a6c300c-577b-4bf1-9a25-850d33f24406-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Cardano price reached an intraday high of $0.42 on Thursday.<\/li>\n<li dir=\"ltr\">The price of ADA token is up more than 63% in 2023 at current levels.<\/li>\n<li dir=\"ltr\">On-chain metrics and other factors suggest ADA could continue higher, especially is wider sentiment remains positive.<\/li>\n<\/ul>\n<p dir=\"ltr\">ADA, the native token of the Cardano blockchain ecosystem, was flat around 4 pm ET on Thursday as the market appeared to cool off following a strong showing that started with Bitcoin\u2019s greatest performance of 2023 so far.<\/p>\n<p dir=\"ltr\">While the <a href=\"https:\/\/coinjournal.net\/cardano\/\">Cardano price<\/a> shows a sideways outlook, ADA bulls did have a great break when they pierced resistance at $0.40. Indeed, the cryptocurrency\u2019s value rose as high as $0.42 on leading crypto exchanges. Cardano\u2019s token is up roughly 16% over the past month, with current prices last seen in the first week of February.<\/p>\n<h2 dir=\"ltr\">What helped ADA prices get higher in recent weeks?<\/h2>\n<p dir=\"ltr\">After a brutal 2022 for ADA, Cardano has had a great start in 2023. In fact, ADA\/USD is 63% year-to-date at current levels above $0.40.<\/p>\n<p dir=\"ltr\">What then has helped the Cardano price to surge to today\u2019s highs? Mostly, it\u2019s been down to the bullish sentiment experienced across crypto so far in 2023 \u2013 even with the slight derailment seen earlier in the week amid a stablecoin crackdown.<\/p>\n<p dir=\"ltr\">However, talk of revisiting algorithmic stablecoins, including Cardano based DJED particularly <a href=\"https:\/\/coinjournal.net\/news\/cardano-bullish-sentiment-as-bitrue-plans-to-list-djed-and-shen\/\">buoyed ADA<\/a> markets.\u00a0<\/p>\n<p dir=\"ltr\">Data also shows there has also been massive whale activity around ADA in the past two weeks. \u00a0On-chain metrics highlight average daily transactions above 1,700, while large investors (whales and sharks) continued to scoop ADA throughout the last three or so months.<\/p>\n<p dir=\"ltr\">As Santiment researchers noted recently, addresses with 10,000 to 10 million ADA had accumulated nearly 660 million tokens approximately worth $235 million since the price crash that followed the collapse of the FTX crypto exchange.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udcca <a href=\"https:\/\/twitter.com\/hashtag\/Cardano?src=hash&amp;ref_src=twsrc%5Etfw\">#Cardano<\/a>&#8216;s brutal 2022 is far from a distant memory, even with a nice +45% rally here in 2023. Our latest insight looks at the <a href=\"https:\/\/twitter.com\/hashtag\/onchain?src=hash&amp;ref_src=twsrc%5Etfw\">#onchain<\/a> upside that is peeking, including a major rise in whale activity, trader losses that lessen future risk, and more. <a href=\"https:\/\/t.co\/sZPBdzQYyf\">https:\/\/t.co\/sZPBdzQYyf<\/a> <a href=\"https:\/\/t.co\/SvK9Sx5HjS\">pic.twitter.com\/SvK9Sx5HjS<\/a><\/p>\n<p>\u2014 Santiment (@santimentfeed) <a href=\"https:\/\/twitter.com\/santimentfeed\/status\/1625331212251443200?ref_src=twsrc%5Etfw\">February 14, 2023<\/a><\/p>\n<\/blockquote>\n<p dir=\"ltr\">Additionally, sentiment is this week more upbeat after Cardano developer Input Output HK <a href=\"https:\/\/twitter.com\/InputOutputHK\/status\/1625864595289038849\" rel=\"noopener noreferrer\" target=\"_blank\">announced<\/a> a key upgrade to the network had successfully gone live. According to the firm, the SECP upgrade adds scalability, and enhances cross-chain interoperability. As such, Cardano now supports more cross-chain dApps.<\/p>\n<p dir=\"ltr\">Are these metrics good for Cardano price? Likely. Indeed ADA bull Dan Gambardello suggests ADA\/USD has formed an inverse head &amp; shoulders pattern and predicts the next target could be $0.65.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Cardano. Inverse head &amp; shoulders. .65 target.<a href=\"https:\/\/twitter.com\/hashtag\/Cardano?src=hash&amp;ref_src=twsrc%5Etfw\">#Cardano<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ADA<\/a> <a href=\"https:\/\/t.co\/p6PA8JareX\">pic.twitter.com\/p6PA8JareX<\/a><\/p>\n<p>\u2014 Dan Gambardello (@cryptorecruitr) <a href=\"https:\/\/twitter.com\/cryptorecruitr\/status\/1626076954599346176?ref_src=twsrc%5Etfw\">February 16, 2023<\/a><\/p>\n<\/blockquote>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/cardano-price-outlook-what-next-for-ada-after-bulls-break-0-4\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Cardano price reached an intraday high of $0.42 on Thursday. The price of ADA token is up more than 63% in 2023 at current levels. On-chain metrics and other factors suggest ADA could continue higher, especially is wider sentiment remains positive. ADA, the [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":17738,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/17737"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=17737"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/17737\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/17738"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=17737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=17737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=17737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}