Over the last two weeks, Cardano has created a base of support at $1.2 and has broken through the $1.3 range, which has provided significant resistance to the price recently. A longer-term trendline resistance, which dates back to early November, was also broken during this advance.
The market capitalization of ADA increased by 5.02 percent, bringing it to $48.5 billion. With a current market rank of 6, the coin has a 2.03 percent market share. After being pushed upward by 20.85%, the 24-hour trading volume supported the price behaviour of the ADA coin price.
Cardano Price 580% Rally!
Cardano (ADA) may surpass its previous all-time high (ATH) as part of a bigger altcoin rally, according to a popular crypto trader Capo
The pseudonymous crypto analyst, keeps his Twitter followers up to date on Cardano, a smart contract platform whose price action he’s been following since December 2020.
He says if ADA holds above this level, $3-4 (previous ATH) should be next, and if it consolidates above that, it will definitely reach $10.
When ADA was about $0.15, Capo predicted it would reach the $0.36-$0.39 area in his original tweet from late last year. Since then, ADA has increased 20-fold, reaching a high of almost $3.00 in September.
Cardano has risen roughly 10 times since Capo’s first estimate and is trading for $1.43 at the time of writing, despite a few rocky months.
ADA Wallets Skyrocket!
Cardano ($ADA) wallets have increased by more than 1,200 percent year over year, from 190,000 to 2.5 million.
According to data provided by the Cardano Foundation, the number of ADA wallets has increased by over 1,200 percent since last Christmas. Even after plummeting from an all-time high near $3 to $1.44 at the time of writing, the price of the cryptocurrency has gained about 780 percent during the same period, according to accessible data.