Cardano (ADA) price is making a significant upward move and breaking above key levels amid various development activities on the Cardano network. The ADA price rose 6% in one day after the altcoin released Aiken, its programming language and toolset to simplify the development of smart contracts on the Cardano blockchain, in alpha phase.
Cardano Price Is Rapidly Moving Towards $1
ADA price hit a 24-hour high of $0.44 today. The price is currently trading at $0.448, up 2%. The daily chart action shows a strong upward move with higher tops, while the RSI shows strength as it climbs above 70 and ADA price is moving in the ascending channel.
ADA influencer Dan Gambardello says ADA price has risen above the October level where the price started to drop below the $0.33 key support level. stated.
On the weekly time frame, the Token price moves above the 50-week moving average (MA). Altcoins If the price stays above the 50-WMA by the end of the week, a massive rally will start. ADA has not closed above this level since November 2021.
ADA Price to $15
Whales are buying ADA in large quantities and a massive rally towards $1 is possible. A whale address added 560 million ADA tokens worth $218 million.
After Cardano surpassed the 4 million wallet milestone at the end of March, Dan Gambardello argued that Cardano is in a better position than Ethereum. Compared Ethereum and Cardano timelines. He predicted that the ADA price would reach $15 in the next bull market and its market cap would reach around $500 billion. Updates about Cardano Ethereum believes it is compatible with However, he thinks Cardano is a better blockchain.
You can follow the current market movements here.