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Bitcoin, ETH, XRP Slide While Cardano Breaks Ahead

1d ago
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Bitcoin, ETH, XRP Slide While Cardano Breaks Ahead
  • Cardano’s ADA is up about 3% while most top cryptocurrencies have declined.
  • Grayscale ranks ADA second among its top 10 crypto assets with high one-week returns.
  • Analyst Ali Martinez predicts ADA’s breakout potential with $1.50 as the next target.

Bitcoin, Ethereum, Solana and most top cryptocurrencies have fallen over the last 24 hours, but Cardano’s ADA has been a rare exception. The token has gained about 3% in the same period and is currently trading near $0.95. Recently, ADA managed to cross the $1 mark before easing back slightly. Importantly, it continues to hold above strong support levels, showing resilience even while the broader market is under pressure.

Additionally, Grayscale has placed Cardano (ADA) in the second spot on its list of Top 10 crypto assets based on one-week returns. Crypto analyst Ali Martinez has said that Cardano is showing early signs of a breakout after months of sideways movement. His latest chart shows that ADA has cleared important resistance zones and may be preparing for its next leg upward. 

Source: AliCharts

If trend continues and the market does not break down further, ADA could be on its way toward the $1.50…

The post Bitcoin, ETH, XRP Slide While Cardano Breaks Ahead appeared first on Coin Edition.

1d ago
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