Cardano Price Prediction as $300 Million Trading Volume Comes In – ADA to $3 Soon?
Cardano price prediction is bearish until it breaks out of a descending triangle pattern that provides resistance at $0.3445. Cardano's price has slipped by more than 4% in the last seven days.
On the lower side, Cardano is likely to gain immediate support near $0.4160 or $0.2915. Can we expect the Cardano price forecast to be bullish, and can Cardano reach $3 in November? Let's find out!
Cardano's current price is $0.3285, with a 24-hour trading volume of $271 million. In the last 24 hours, Cardano has dropped over 2%. CoinMarketCap currently ranks #8 with a live market cap of $ 11 billion.
There are 34,408,861,477 ADA coins in circulation, with a maximum supply of 45,000,000,000 ADA coins.
The ADA/USD pair opened at $0.3368 on November 16. ADA/USD is currently trading at $0.3344, having reached a high of $0.3443 and a low of $0.3334. Furthermore, the ADA/USD pair fell by more than 10% in the previous week.
The recent FTX-Alameda conflict had no impact on ADA pricing because it was not listed on the exchange platform. As a result, experts continue to have a strong forecast for the Ethereum rival.
Furthermore, Cardano has seen an increase in the number of wallets. According to statistics from Cardano Blockchain Insights, on November 7, there were 3,638,425 wallets on the decentralized finance (DeFi) network, and as of November 16, there were 3,690,261.
Additionally, according to information from the crypto intelligence platform Santiment, there has been a growth in the number of daily active addresses, weighted sentiment, and stakers.
Santiment claims that despite the sell-off caused by the FTX crash, whales have been adding ADA tokens to their wallets. In comparison to 130,000 addresses just one month ago, there are now
Read more on cryptonews.com
