{"id":137345,"date":"2023-04-17T11:35:27","date_gmt":"2023-04-17T11:35:27","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=137345"},"modified":"2023-04-19T09:59:57","modified_gmt":"2023-04-19T09:59:57","slug":"cardano-rallies-50-in-5-weeks-ada-may-retest-0-52","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/cardano-rallies-50-in-5-weeks-ada-may-retest-0-52\/","title":{"rendered":"Cardano Rallies 50% in 5 Weeks, ADA May Retest $0.52"},"content":{"rendered":"<p style=\"text-align: justify\"><strong>Cardano is one of the top-performing assets, looking at the daily chart on April 17. ADA is up 15% in the last week of trading and an impressive 50% from mid-March 2023. <\/strong><!--more--><\/p>\n<p style=\"text-align: justify\">ADA broke above February highs and completely reversed losses occasioned by the FTX collapse in November 2022. Despite the contraction on April 17, the uptrend remains.<\/p>\n<p style=\"text-align: justify\"><strong>Despite the current correction, the coin has support at $0.42, flashing with the highs of April 13. Therefore, provided traders maintain prices above this line, the bullish breakout pattern will be valid in the sessions ahead.<\/strong><\/p>\n<h2 style=\"text-align: justify\">Crypto Revival, Release of Lace, and Integration of Charlie3<\/h2>\n<p style=\"text-align: justify\">The revival from late last week, following Ethereum&#8217;s Shanghai upgrade, <strong>appeared to have provided the necessary impulse. <\/strong><\/p>\n<p style=\"text-align: justify\">Note that ADA, like the coins of most smart contracting platforms, including Solana, is firm. To illustrate, ADA is up 15%, Ethereum is up 13%, while <a href=\"https:\/\/crypto-economy.com\/solana\/\" target=\"_blank\" rel=\"noopener\">Solana<\/a> has soared 25% in the last week of trading and is back to 10th.<\/p>\n<p style=\"text-align: justify\">The revival of ADA and Cardano is amid the launch of Lace, <b>a non-custodial wallet native to the smart contracting platform<\/b>.<\/p>\n<p style=\"text-align: justify\">Like MetaMask, it allows users to interact with the Cardano ecosystem, enabling quick and secure access to various dApps. Besides supporting fungible tokens like ADA, users can securely store non-fungible tokens (NFTs).<\/p>\n<p style=\"text-align: justify\"><strong>This news is days after Cardano integrated Charli3, an oracle that functions like Chainlink.<\/strong><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83c\udf89INTEGRATION\ud83c\udf89<a href=\"https:\/\/twitter.com\/liqwidfinance?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@liqwidfinance<\/a> is Charli3&#39;s, and Cardano&#39;s, first Oracle integrator! championing the way to full <a href=\"https:\/\/twitter.com\/hashtag\/decentralization?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#decentralization<\/a> for the <a href=\"https:\/\/twitter.com\/hashtag\/CardanoCommunity?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#CardanoCommunity<\/a> <br \/>SHEN\/USD and ADA\/USD. more feeds to follow for Liqwid markets.<a href=\"https:\/\/t.co\/Zb1jm8X6CB\" target=\"_blank\">https:\/\/t.co\/Zb1jm8X6CB<\/a><\/p>\n<p>&mdash; Charli3 Oracles \ud83d\udccdlive FREE ADA\/USD feeds (@Oraclecharli3) <a href=\"https:\/\/twitter.com\/Oraclecharli3\/status\/1643991955045507072?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">April 6, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: justify\">Liqwid, a decentralized money market on Cardano, <strong>was the first to integrate the oracle<\/strong>.<\/p>\n<h2 style=\"text-align: justify\">Cardano Price Analysis<\/h2>\n<p style=\"text-align: justify\"><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-137346 size-full\" src=\"https:\/\/crypto-economy.com\/wp-content\/uploads\/2023\/04\/Cardano-ADA-Daily-Chart-for-April-17.png\" alt=\"Cardano ADA Daily Chart for April 17\" width=\"1147\" height=\"851\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2023\/04\/Cardano-ADA-Daily-Chart-for-April-17.png 1147w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2023\/04\/Cardano-ADA-Daily-Chart-for-April-17-300x223.png 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2023\/04\/Cardano-ADA-Daily-Chart-for-April-17-1024x760.png 1024w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2023\/04\/Cardano-ADA-Daily-Chart-for-April-17-768x570.png 768w\" sizes=\"(max-width: 1147px) 100vw, 1147px\" \/><\/p>\n<p style=\"text-align: justify\"><strong>ADA is within a bullish breakout formation<\/strong>, reading from the candlestick arrangement in the daily chart.<\/p>\n<p style=\"text-align: justify\">Even with the rejection of higher prices today, the uptrend firm and bull bars align with the upper BB. As such, <strong>traders can look for opportunities to buy on dips above support. Support lies at $0.42, coinciding with February highs and April 13 bull bar.<\/strong><\/p>\n<p style=\"text-align: justify\">Notice that with bars along the upper BB and the divergence from the middle BB, ADA volatility is high. Moreover, trading volumes are expanding, meaning participation is also high, a net positive for buyers.<\/p>\n<p style=\"text-align: justify\"><strong>Therefore, aggressive traders can look to buy, targeting September and August 2022 highs of $0.52 and $0.58, respectively.<\/strong><\/p>\n<p style=\"text-align: justify\">This preview is valid as long as prices are above $0.42. Any sharp drop below this level, at the back of expanding volumes, will cancel this outlook.<\/p>\n<p style=\"text-align: justify\"><strong><em>Technical charts courtesy of <\/em><\/strong><a href=\"http:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener\"><strong><em>Trading View<\/em><\/strong><\/a><\/p>\n<p style=\"text-align: center\"><em><strong>Disclaimer: The opinions expressed do not constitute investment advice. If you wish to make a purchase or investment we recommend that you always conduct your research.<\/strong><\/em><\/p>\n<hr \/>\n<div class=\"gb-container gb-container-2246dbe3\">\n<div class=\"gb-inside-container\">\n<div class=\"dynamic-entry-content\">\n<div class=\"td_block_wrap tdb_single_content td_uid_54_61419039a1883_rand td-pb-border-top td_block_template_1 td-post-content tagdiv-type\" data-td-block-uid=\"td_uid_54_61419039a1883\">\n<div class=\"tdb-block-inner td-fix-index\" style=\"text-align: justify\"><strong><em>If you found this article interesting, here you can find more\u00a0<a class=\"keychainify-checked\" href=\"https:\/\/crypto-economy.com\/cryptocurrencies\/cardano-news\/\" target=\"_blank\" rel=\"noopener\">Cardano News<\/a>.<\/em><\/strong><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"gb-container gb-container-276f0303\">\n<div class=\"gb-inside-container\"><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Cardano is one of the top performing assets, rallying over 50% in 5 weeks. In a bullish breakout, there could be more gains ahead for ADA.<\/p>\n","protected":false},"author":11,"featured_media":137378,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[87,74],"tags":[4632],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/137345"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=137345"}],"version-history":[{"count":0,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/137345\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/137378"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=137345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=137345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=137345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}