With a trading volume of $400 million, the $12.9 billion crypto ecosystem is holding strong in the 8th position. ADA, the token powering Cardano, is up 52% in 30 days and has a bullish outlook.
The launch of Djed, the first stablecoin on the Cardano blockchain, may eventually trigger a rally as investors embrace the new addition. Cardano’s price has been facing resistance at $0.40 but with a strong uptrend over the past three weeks, reaching above $0.40 would unlock the bullish potential.
📈 Traders should be on the lookout for the MACD’s incoming flip potential into the positive region. Such a move would be highly bullish for Cardano price as it will tap freshly created momentum for gains eying $1 in the medium-term and $3 in the long term.
Are you ready to invest in Cardano? With its strong outlook, it could be a wise choice! Don’t miss out on this opportunity to potentially see gains in the medium and long term.