ADA Up 11% In 30 Days: How High Can Cardano Go?

Cardano ADA/USD is up 11% in 30 days, sparking bullish sentiment on social media.

Trader Notes: Crypto trader AllinCrypto explained that Cardano is in a great spot based on a technical and fundamental analysis. The trader predicts a 10x spike soon as the cycle continues. 

Another trader predicts a rally if there is a breakout on high volume. 

Crypto chart analyst Ali Martinez noted that Cardano is stuck in a channel. The next major move will be triggered by a breakout above $0.77 or a breakdown below $0.69.

Statistics: IntoTheBlock data shows Cardano large transaction volume down 8.2% in a single day. Daily active addresses edged up 0.2% higher. On the other hand, Coinglass data shows liquidations in the past 24 hours stand at $1.6 million, with the majority being long liquidations at $1.3 million.

Community News: The Cardano Foundation announced that Latin American bank Nubank has expanded its crypto offerings by adding four altcoins to its portfolio, Cardano being one of them.

With this addition, the banks total crypto offerings have increased to 20.

Read Next: 

• XRP Slides Another 2%: What Is Going On?

Image: Shutterstock