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    Cardano Price Prediction: ADA Jumps 2% Ahead of Chang Hard Fork as Traders Rush to Hot DOGE That Offers Last Chance to Buy

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    Cardano Price

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    Cardano price is up 2.5% in the last 24 hours To trade at $0.3575 As of 3:00 AM ET, trading volume was down 5% to $360 million.

    This price increase comes with Cardano The network is preparing for the Changpong hard fork, a major upgrade that is set to introduce significant changes to the mainnet. The upgrade includes mechanisms for user participation in blockchain governance, and is scheduled to go live on September 1.

    Cardano Price Index Hits Strong Support Zone

    the Cardano The price is moving within a well-defined downward channel on the hourly chart, which is characterized by lower highs and lower lows, indicating a downtrend.

    However, as the price approached the lower bound of this channel, it found support at an important level, forming a double bottom pattern. This pattern is usually seen as a bullish reversal signal, indicating that the downtrend may be losing momentum and that an upward move may be on the horizon.

    ADAUSDT Analysis Source: Tradingview

    Additionally, the chart includes two moving averages: the 50-period simple moving average at $0.3720 and the 200-period simple moving average at $0.3562. The current price is below both moving averages, which generally indicates a downtrend.

    Furthermore, the Relative Strength Index (RSI) is currently trading at 58.35, moving higher from a recent low of 49.16. This RSI move supports the idea of ​​a potential bullish breakout, as the index is now above the 50 level, which is often seen as a bullish signal.

    While the price remains below the major simple moving averages, the combination of a double bottom pattern, increasing volume, and a rising RSI suggests that Cardano (ADA) may be ready for a reversal. This could be a potential entry point for a long-term position, provided there is confirmation of the breakout.

    Cardano price momentum turns bullish

    The formation of a double bottom pattern near the support level, coupled with a possible breakout from the descending channel, indicates a potential shift in ADA’s momentum.

    ADA price could rise between the $0.3750 and $0.3800 range. This target represents the reward zone, where traders may aim to take profits. Moreover, trading volume has increased as the price approaches support, indicating increased interest from buyers, possibly accumulating in anticipation of an upward move.

    Playdoge’s initial sales exceed $6.5 million as it nears completion

    As traders increasingly turn their attention to ADA in anticipation of the upcoming hard fork, investors are actively buying the new Play-to-Earn meme coin. Play Dogwhich recently rose to over $6.5 million.

    This enthusiasm has led one analyst and crypto user on the YouTube channel 99 Bitcoins to predict that PLAY could explode 100x upon launch.

    PlayDoge stands out by blending the nostalgic appeal of 90s virtual pets, like Tamagotchis, with blockchain technology.

    The project focuses on creating a platform where users can earn rewards by participating in various gaming activities while leveraging the viral popularity of the Doge meme. Players adopt, care for, and train virtual Doge pets to keep them happy and healthy.

    Besides entertainment, players earn play tokens by caring for their pets and participating in in-game activities. The game features classic 8-bit side-scrolling adventures, quests, and puzzles, providing multiple ways to earn tokens and enhance the gaming experience.

    Last Chance: Play for 68% Annual Return

    Additionally, players can stake their PLAY tokens for an impressive 68% annual return. You can buy PLAY tokens on the project’s official website and purchase tool, with each token priced at $0.00532. There is still a 45-minute window for investors to secure the best deal before the presale ends.

    Buy PLAY tokens here with ETH USDT and bank card.

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