{"id":203344,"date":"2023-11-30T06:41:48","date_gmt":"2023-11-30T01:11:48","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=203344"},"modified":"2023-11-30T06:41:48","modified_gmt":"2023-11-30T01:11:48","slug":"cardano-could-print-new-2023-highs-as-over-1800000000-in-ada-accumulates-at-current-levels-trader-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/cardano-could-print-new-2023-highs-as-over-1800000000-in-ada-accumulates-at-current-levels-trader-crypto-news\/","title":{"rendered":"Cardano Could Print New 2023 Highs As Over $1,800,000,000 in ADA Accumulates at Current Levels: Trader – Crypto News"},"content":{"rendered":"

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Ethereum (ETH<\/a>) competitor Cardano (ADA<\/a>) is currently sitting in a \u201ckey demand zone,\u201d says crypto analyst Ali Martinez.<\/p>\n

Martinez tells<\/a> his 33,800 followers on the social media platform X that 166,470 wallets acquired 4.88 billion ADA worth more than $1.85 billion while the asset has been trading between $0.37-0.38.<\/p>\n

\u201cWith minimal resistance ahead and solid support below, remaining above this zone could pave the way for ADA to climb to new yearly highs. Still, watch out, as losing this support level could trigger a brief correction to $0.34.\u201d<\/em><\/p>\n

Source: Ali Martinez\/X<\/figcaption><\/figure>\n

Martinez also notes that the Tom DeMark (TD) Sequential indicator presented a sell signal on ADA\u2019s weekly chart. The TD Sequential indicator is used by traders to predict potential trend reversals based on the closing prices of the 13 previous bars or candles.<\/p>\n

Explains<\/a> the analyst,<\/p>\n

\u201cLosing the $0.37 level as support could trigger a correction toward $0.34 or $0.33. ADA must close above $0.40 to advance toward $0.46!\u201d<\/em><\/p>\n

\"\"
Source: Ali Martinez\/X<\/figcaption><\/figure>\n

Martinez also says<\/a> the indicator is flashing a short-term bullish signal, however.<\/p>\n

\u201cLook how the 100-EMA (exponential moving average) on the four-hour chart has acted as a rebound zone for ADA while the $0.396 level acts as a stiff resistance.<\/em><\/p>\n

The TD Sequential now presents a buy signal within this time frame around the 100-EMA, anticipating another rebound. However, you must pay attention to a four-hour candlestick close above the $0.396 resistance or below the 100-EMA to confirm the direction of ADA trend.\u201d<\/em><\/p>\n

ADA is trading at $0.381 at time of writing.<\/p>\n

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n

Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Ethereum (ETH) competitor Cardano (ADA) is currently sitting in a \u201ckey demand zone,\u201d says crypto analyst Ali Martinez. Martinez tells his 33,800 followers on the social media platform X that 166,470 wallets acquired 4.88 billion ADA worth more than $1.85 billion while the asset has been trading between $0.37-0.38. \u201cWith minimal resistance ahead and solid […]<\/p>\n","protected":false},"author":2,"featured_media":203345,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-203344","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/203344","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=203344"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/203344\/revisions"}],"predecessor-version":[{"id":203347,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/203344\/revisions\/203347"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/203345"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=203344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=203344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=203344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}