Cardano (ADA) started a price correction phase that could bring its value down to the $0.344 level, leading many traders towards diversifying their crypto holdings. Despite this correction, the overall trend remains bullish, but the MACD histogram and lines suggest a short-term bearish sentiment.
Cardano (ADA) Has Price Correction – Is $0.5720 a Possibility?
Cardano (ADA) has recently experienced a price correction following its most recent surge in value. Then, the crypto saw a downward trend in the past days, suggesting that it can see a further decline to the 0.382 Fibonacci support level at approximately $0.344.
Despite the current Cardano price correction, there is a golden crossover on the chart, which is an indication that the overall trend remains bullish in the short- to medium-term. Other indicators like the MACD histogram, which was trending bearishly lower for three days, suggest a bearish sentiment in the short term.
Cardano is still up 26% on the monthly chart, and during the week, it saw its highest value at $0.39. According to the recent on-chart data, the Cardano price prediction puts it at $0.5720 by the start of 2024.
Bitcoin (BTC) ETF 90% Likely – Can the Coin Reach $43,000?
Bitcoin (BTC) experienced significant attention recently, as a major Bloomberg Analyst, Eric Balchunas, noted to his 163,000 followers that he has confidence in the approval of a Bitcoin exchange-traded fund (ETF) in slightly over a month.
According to the analyst, they are holding the line at 90% odds of approval by January 10. He also pointed out that a considerable amount of distraction surrounds less crucial aspects of the ongoing Bitcoin ETF debate.
During the past week, the Bitcoin crypto moved past the $38,000 price barrier, as it surged from $36,770.40 to a maximum point of value at $38,329.04. Throughout the past year, the total BTC price increase was by 123%. During the end of 2023, analysts project that Bitcoin can spike to $43,027.52.
Everlodge (ELDG) To Fuse AI With Real Estate Markets
Cardano will take some time to recover, and Bitcoin has a lot of excitement surrounding it, yet many are turning to Everlodge due to its innovative AI-driven approach.
● This is an upcoming platform that will enable anyone the opportunity to access multi-million dollar properties at luxury locations and get passive income. ● Traditionally, this asset class was only locked to the elite as people needed millions of dollars in upfront capital to get access to a full house, villa, or hotel. ● With Everlodge, they will get fractionalized and split into smaller pieces, all of which are worth $100. This way, anyone can diversify their holdings. ● Everlodge as a platform will also introduce AI elements to the industry by enabling a tool that can predict future geographical locations in which properties can explode in value.
This tool is used as a prediction system for undervalued markets and can see which markets can blow up in emerging locations but it is only available to token holders. During Stage 7, ELDG trades at just $0.025 but can spike as high as 100x at launch.
For more information about Everlodge (ELDG) please visit their website.
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
