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The Cardano price has pumped 16% in the last 24 hours to trade at $0.6513 as of 12:04 a.m. EST.
Cardano is now en route to retesting the $0.7 level, said Rekt Capital on X.
Cardano is now dipping into the orange level in an effort to enable the black path
This retest attempt is part of the process in ultimately reaching the green resistance above
Needs to hold here for the black path to stay alive#ADA #Crypto #Cardano https://t.co/bMNRYjp0Df pic.twitter.com/1cxaKQOCq1
— Rekt Capital (@rektcapital) December 11, 2023
Cardano Price Prediction: Will ADA Flip The $0.7 Level
The 2-hour ADA/USD charts show that the Relative Strength Index indicator is moving North as it approaches re-entry into the overbought region. This shows bullish momentum on Cardano as it looks to pump in the short term.
The 50-period moving average has also exceeded the 200-period moving average, showing buying pressure on Cardano.
The Cardano price is volatile, as shown by the Bollinger Bands, which are currently diverging from each other. This can be attributed to increasing trading activities that have seen Cardano’s trading volume jump by 63% in the last 24 hours.
ADA 2-hour chart | Source: TradingView
Looking at the long term, the Cardano price could see a pump, as shown by the increasing total value locked in Cardano.
ADA TVL Chart | Source: DefiLlama
Meanwhile, as the Cardano price pumps, yPredict’s YPRED token could hold offer bigger profits on listing. Investor investor has fired YPRED’s presale to over $5.4 million out of the targeted $6.5 million.
Cardano Price Prediction: Is YPRED A Better Investment Than ADA?
Crypto asset management incorporating AI and predictive analytics is changing the game for investors.
By providing AI-driven predictive analytical solutions, yPredict hopes to capitalize on these advances and create a new era of accurate cryptocurrency price projections by combining big data, quantitative modeling, and AI.
🚀 Explore the future of crypto trading with #YPredict! 🤖
Harnessing AI and ML, we empower traders with data-driven insights for smarter decisions and bigger profits. Our platform invites AI enthusiasts to monetize predictive models too. 💰
Pattern recognition, sentiment… pic.twitter.com/mKyf59qM6z
— yPredict.ai (@yPredict_ai) October 11, 2023
The asset has been selling like hotcakes, with 80% of the token supply sold so far, as investors eagerly await its launch on major crypto platforms. I
Beyond the usual returns on decentralized finance (DeFi) systems, token holders also profit from a 12-15% annual percentage dividend on staked tokens.
After successfully raising close to $5.5 million, yPredict’s YPRED token presale is in its final eighth round.
The current presale price per token is $0.11.
When the maximum amount is met, yPredict will launch with an initial token price of $0.12.
The industry’s acknowledgment of AI’s revolutionary potential in defining the future of cryptocurrency investment and the rising demand for advanced crypto analytics are mirrored in yPredict’s presale success. So, as you watch out for the Cardano price, remember to check out yPredict.
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