The long-term Cardano price prediction is strongly bullish and the token is set to climb past $1, but could see volatility in the coming days
has rallied 38% over the past week and is up by 146.7% since the lows set on Monday the 4th of November.has rallied 5%. It could be due for a minor dip toward $90k over the weekend that traders could use to go long on Cardano.The weekly chart showed that Cardano had set a new high for 2024 last week. At press time, it appeared set to continue to uptrend.
On the weekly chart, the RSI was at 79.25 to indicate intense upward momentum. A bearish divergence was not seen on the weekly chart but has formed on the daily chart.A minor dip to $0.705 was possible. Meanwhile, the OBV has been rising swiftly in November to reflect increased demand for the token.A price dip into this area can sweep a sizeable quantity of liquidation levels and could potentially lead to a deeper slump toward $0.726.
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