Cardano ‘flashing the strongest buy signal’ in a month, targets $5
After months of consolidating below the $1 mark, an analyst has observed that Cardano (ADA) could be primed for a potential parabolic rally based on the token’s technical setup. In this context, ADA has triggered one of the most powerful buy signals on its weekly time frame, targeting price levels around $5, as observed by TradingShot in a TradingView post on September 24. According to the Analysis , Cardano’s one-week Logarithmic Moving Average Convergence Divergence (1W LMACD) has formed a bullish cross for the first time since October 2023. This signal marks a significant shift for ADA, suggesting that a major upward move could be on the horizon. Picks for you Ripple sells over $200 million of XRP in September's selling spree 2 hours ago ...