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Cardano Price Prediction: Is ADA’s 5% CPI Rally Already Done or Just Getting Started?

6h ago
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  • ADA closed up 5%+ on July 15, its largest single-day move since July 4, after CPI came in at 3.5% versus an expected 3.8%
  • Cardano Foundation joined X402 as an associate member alongside Visa, Google, MasterCard, Circle, Coinbase, and Stripe
  • Ouroboros Leos mainnet is scheduled for November, targeting 10 to 65 times Cardano’s current transaction throughput

Cardano trades at $0.1644 on July 16, down 0.36%, consolidating just below the 20-day EMA after its largest single-session gain since July 4. The Cardano Foundation’s addition to the X402 payment network alongside Visa, Google, and MasterCard arrived in the same week ADA mounted its most credible technical recovery since the June lows, keeping bulls cautiously engaged despite the modest pullback.

ADA Reclaimed Its 20-Day EMA On The CPI Surge: Can It Hold?

ADA 1D Price Action (Source: TradingView)

The daily ch…

Read The Full Article Cardano Price Prediction: Is ADA’s 5% CPI Rally Already Done or Just Getting Started? On Coin Edition.

6h ago
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