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The Cardano price surged 3% in the last 24 hours to trade at $0.3437 as of 04:05 a.m. EST on trading volume that jumped 35% to $252 million.
This came as Tron (TRX) surpassed Cardano’s ADA to become the 10th biggest crypto by market capitalization, according to CoinMarketCap.
TRX currently has a market cap of $12.04 billion, while Cardano’s market cap sits at $11.89 billion.
Cardano Price To Continue Surging – Bulls Aim For A Breakout
The Cardano price has been in a consolidation phase in the last two weeks, as the bulls continue to struggle to breach the $0.3460 resistance, according to data from GeckoTerminal.
ADA has now surpassed the 50-day Simple Moving Average (SMA), which supports the current ADA uptrend in the short term. If the uptrend continues, the price of Cardano could surge over the sideways pattern, to the 200-day SMA at $0.372.
Furthermore, the Relative Strength Index (RSI) is on a rebound from the 50-midline level, as it closes in on the 70-overbought region, currently at 61. This is an indication that the asset is under intense buying pressure.
The bullish prospects are supported by the Moving Average Convergence Divergence (MACD), as it crosses above the neutral line.
According to the ADA/USD chart analysis on the 4-hour chart, ADA is currently on a bullish trend, as the bulls aim to breach the upper boundary of the sideways pattern. If the trend continues, the price of Cardano could soar, with the bulls targeting $0.40.
However, if the bears take control of the token at this level, ADA could plunge to the $0.30 support.
Meanwhile, investors are piling into the new meme token PlayDoge (PLAY), which has already amassed over $6.1 million, with just days left until its presale ends.
An analyst from 99Bitcoins, a popular YouTube channel with over 706K subscribers, predicts that PLAY could potentially surge 10X after its launch.
PlayDoge Garners Over $6.1 Million – Last Chance To Buy
Exci͏te͏ment is ͏building͏ a͏s PlayDoge’͏s͏ ͏high͏ly͏ ͏a͏nt͏icipated presal͏e near͏s͏ i͏t͏s conclusi͏on o͏n Au͏gust 26th͏.
PlayDoge bring͏s the bel͏oved͏ Dog͏e meme t͏o life in a͏ nostalgic Tamagotchi-͏st͏yle mo͏bile ga͏me. ͏This in͏no͏vative p͏lay-to-earn platform͏ allows users to earn͏ ͏c͏ryp͏to whil͏e ͏enj͏oy͏ing ret͏ro 2D a͏dventu͏res.
B͏y s͏e͏cur͏ing $͏P͏LAY token͏s͏ in th͏e presale, in͏vestors can jo͏in th͏is e͏xciting ͏f͏usio͏n of ͏g͏am͏ing͏ ͏and block͏chain͏ technology.
Introducing #PlayDoge – the only #P2E Doge companion! 🐶
Inspired by the legacy of #Tamagotchi, feed, train and play with your 2D Doge to earn $PLAY. 💰
Don't neglect your doge, his life's on the line 😲💀
Join the #Presale Now ⬇️https://t.co/JT0VEofqf2 pic.twitter.com/RoJYXLS1FH
— PlayDoge (@PlayDogeGame) June 3, 2024
In ͏Pl͏ayDoge’s vibrant 8-bi͏t wor͏ld, your digit͏al com͏panion thrive͏s on care ͏a͏nd att͏en͏t͏i͏on.͏ Play͏ers͏ mus͏t fe͏e͏d, train, and p͏lay with their virtual pets͏ t͏o k͏e͏ep t͏hem ha͏pp͏y. A͏s you na͏viga͏te th͏rough ch͏arming retro ga͏me͏s, you’ll͏ ea͏rn͏ $PLAY tokens to help pamper your loya͏l friend.
Apart from earning through P2E, token holders can also earn passively by staking $PLAY for an impressive 75% annual yield (APY).
You can buy $PLAY tokens now for $0.00531 each. With the presale set to end in less than 6 days, secure your position in this innovative project before it’s too late.
To join the presale, buy $PLAY from the official website here using BNB, USDT, or a bank card.
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