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Technical analysis revealed that a surge beyond $0.457 is only a matter of time for ADA.

The price of Cardano (ADA) is taking a breather at the moment, a correction that becomes imminent after a period of epic rally. While the coin remains in the spotligh as one of the best performers in the past week, it's future growth outlook has sparked a new bout of analysis.

Cardano (ADA) is seeing a strong upward trend in the cryptocurrency market, making it one of the top-performing digital assets recently. The price of ADA has climbed more than 30% since November 5, marking an impressive recovery after weeks of relatively flat performance.

Crypto analyst Babenski predicted the Cardano price would enjoy a parabolic rally above $5 and revealed when this could happen. This comes amid ADA's recent rally, which could mark the beginning of its bull run, having underperformed for most of the year.

This week in crypto, BeInCrypto unpacks everything from Donald Trump's historic election, its impacts on Bitcoin and SEC Chair Gary Gensler, to new XRP ETF applications amidst institutional support, and a major new upgrade for Cardano.

The price of Cardano (ADA) has started an uptrend by breaking through the overhead resistance at $0.40.

Cardano founder Charles Hoskinson recently returned to social media with a compelling message that outlines his vision for Cardano and its potential.

This week, we examine Ethereum, Ripple, Cardano, Solana, and Dogecoin in greater detail. Ethereum (ETH) Ethereum concludes a strong week with an impressive 21% price increase which brings it above $3,000.

Cardano (ADA) is up 15% in the past 24 hours to lead top gainers among the 100 largest crypto coins by market cap. Meanwhile, as Bitcoin price eyes the potential to flip to new highs after hitting $77k. Elsewhere, several altcoins look poised to tap the upside momentum.

The cryptocurrency has recently surged to remarkable new heights, and now its RSI (Relative Strength Index) is displaying a flattening effect at the top. This pattern is comparable to a double-top pattern in conventional RSI analysis, in which the RSI reaches comparable high levels, twice forming a ceiling of sorts.

Cardano (ADA) has made a comeback in the market, gaining significant attention from the crypto community due to its impressive performance over the past few days. ADA's performance has not only attracted investors and institutions but has also outperformed major cryptocurrencies such as Tron (TRX) and Toncoin (TON).

Cardano's ADA token surged as a top chief to Cardano founder Charles Hoskinson said there's a "high likelihood" he could become Trump's crypto advisor. Plus, France's gambling regulator is examining the operations of Polymarket and WonderFi's CEO has been released after being abducted.

Cardano's Charles Hoskinson may become the crypto advisor to President Donald Trump when he assumes office. Stake Pool Operator (SPO) Rick McCracken kickstarted the discussion on X on what to expect in crypto under the Trump-Vance administration.

Bitcoin hit a new all-time high at $77,000, boosting buying in several altcoins, which have also broken above their respective resistance levels.

Speculation has arisen regarding Charles Hoskinson, the co-founder of Ethereum (CRYPTO: ETH) and Cardano (CRYPTO: ADA), potentially serving as a cryptocurrency policy advisor in the administration of president Donald Trump. What Happened: This speculation comes on the heels of recent posts and statements from various figures within the crypto community, hinting at a possible alignment of interests between Hoskinson and the Trump campaign, particularly with Trump's recent ventures into the cryptocurrency space.

Based on chart indicators, the Cardano price has just broken through a key resistance, sparking the promise of a potential uptrend. While the cryptocurrency is gearing up for a possible bullish rally, a crypto analyst has also shared the downside risks Cardano could experience if it fails to hold crucial support levels.

In a notable development, Cardano's ADA has reentered the top 10 cryptocurrencies by market capitalization, propelled by a substantial double-digit rally on Nov. 8 as the broader crypto market gathered momentum following Donald Trump's win in the U.S. 2024 presidential election.

Cardano price upside has seen it gain more than 32 percent in the last four days, outperforming the wider crypto market, including Bitcoin.

TL;DR Cardano made significant updates to its protocol, improving core technology, scalability, and governance to optimize its platform. The update from node v.10.1.1 to v.10.1.2 and the DB Sync version 13.6.0.0 improve stability and user experience. ADA experiences an increase in adoption and decentralization, with significant growth in delegators and delegated votes.

The development team behind Cardano (ADA) recently performed major upgrades to the protocol. The upgrades made this week are aimed at enhancing the platform, ensuring smooth operations for users.

The trading volume of derivatives linked to the popular cryptocurrency Cardano (ADA) saw an abnormal spike of 251% today, according to data from CoinGlass. In the last 24 hours, the total turnover of perpetual futures on the ADA token reached a high of $1.45 billion.

Investors often monitor the buying patterns of crypto whales, as these large players can heavily influence market prices. The first week of November 2024 has been no exception, with whales funneling substantial funds into several altcoins.

Cardano (ADA) is once again capturing the crypto market's attention, trading at $0.44 after an impressive 18% surge in the last 24 hours and a 23.29% gain over the past week.

Polygon joined Cardano as a top performer, gaining 7.9%.