Cryptocurrencies PYTH and Cardano (ADA) have made their holders happy over the past week by showing bullish momentum. PYTH saw a price pump of over 20%, while Cardano’s price broke out an important level yesterday.
PYTH's Price Gains 20%
Crypto analyst World of Charts shared with his 34,000 followers on Twitter about the significant growth of PYTH's price, noting that the token is moving towards targets with over 20% profit. PYTH’s price broke out from a descending channel, showing a bullish reversal known as a descending broadening wedge. The current resistance level for PYTH is around $0.70, while support is around $0.30.
Cardano's Price Reaches $1 Target
Cardano’s price action has also sparked market interest. According to World of Charts, ADA has confirmed its breakout, with the next target set at $1. The breakout occurred from a descending channel, a pattern that typically leads to strong upward movement once resistance is cleared. Cardano’s chart shows that the next significant barrier lies at the $1 level.
Key Levels to Watch
Both tokens are navigating well-defined support and resistance levels. For PYTH, the current support level stands at $0.30, while resistance is projected at $0.70. For Cardano, support is held by the $0.35 level with a $1 target ahead.
The overall bullish momentum in the cryptocurrency market supports interest in PYTH and Cardano tokens. Investors continue to monitor key levels to determine their next actions.
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