Why Is Cardano Pumping This Week?
$ADA has been one of the quiet winners of the past seven days. The Cardano price bounced from around $0.22 on September 20 to a weekly high just above $0.26, and it is currently trading near $0.2565. That is a gain of roughly 16% in a week, at a time when most large caps have been moving sideways.
ADA Chart in USDThe move was not one big spike. ADA climbed in steps, pulled back to $0.235 on September 24, then pushed straight back up. Buyers stepped in on every dip, which is exactly the kind of price action you want to see at the start of a trend.
ADA Price Analysis: Cardano Price Action is Bullish
The daily chart explains why traders are paying attention. Cardano closed above its 200-day EMA at $0.2395 for the first time since April, and it also cleared the $0.245 level that capped the price during spring. Both now act as support.
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