Cardano’s (ADA) $0.756 Support Could Unleash Explosive Rally, But This $0.035 Token Could Be The Next Crypto To Pump

Source Cryptopolitan

Cardano (ADA) is standing at a critical support level of $0.756, a point that may determine its next big move. The coin has been testing this threshold after trading near $0.787. Market watchers suggest that a rally toward $0.856 is possible if bulls defend this support. 

However, any slip below could send ADA sliding toward $0.713. As this possible rally gathers momentum, there is another token that is gradually establishing itself as the next crypto to go wild and this is Mutuum Finance (MUTM). 

Investors are closely tracking both assets, but the case for Mutuum Finance is growing even stronger as its presale surges ahead.

Cardano Testing Key Fibonacci Support

Cardano’s price action has been orbiting a make-or-break point. The Fibonacci retracement of 38.2% at $0.786 is also aligning with the Elliott Wave theory, and therefore the level at 0.756 is decisive. 

In case of the support, ADA will target a series of upside levels at $0.808, $0.820, $0.841 and lastly, at $0.856. All levels will contribute to incremental gains that might trigger bullishness across crypto charts once again.

On the other hand, a breakdown under $0.756 would be disruptive. Traders have been eyeing $0.713 and $0.700 as the next downside targets. Such a move would weaken Cardano’s bullish setup and reinforce questions like why is crypto down today. 

Consequently, investors are weighing whether ADA is the best crypto to buy now or if newer tokens with accelerating presale demand could deliver stronger returns.

Mutuum Finance Presale Momentum

Mutuum Finance (MUTM) is advancing through Phase 6 of its presale, selling at $0.035 per token. Since its first phase began at $0.01, the token price has jumped 250%, rewarding early participants with 3.5x paper gains. 

So far, $15,220,000 has been raised, and 15,880 holders have joined the project. Phase 6 is already selling out quickly, and after it is closed, Phase 7 will open at 0.04, which is a 14.3 percent price rise. 

At launch, MUTM is confirmed to list at $0.06, delivering between 300% and 500% in returns for current buyers.

In addition, the project has finalized its CertiK audit with a 95.00 security score, showing no vulnerabilities and no incidents in the past 90 days. Consequently, investor trust has been growing at a remarkable pace.

Expanding Ecosystem And Community Growth

Beyond the lending structure, Mutuum Finance (MUTM) is introducing an overcollateralized stablecoin system. The mechanism ensures stability by issuing tokens only when loans are active and burning them upon repayment. This design promotes sustainable crypto investing while reinforcing demand during periods of market uncertainty. 

Furthermore, a leaderboard dashboard has been launched to reward the top 50 token holders with bonuses, encouraging long-term holding behavior.

To expand community engagement, Mutuum Finance (MUTM) has announced its biggest giveaway yet. A total of $100,000 in MUTM tokens will be shared among 10 winners, each receiving $10,000. 

Moreover, a bug bounty has been introduced, in collaboration with CertiK, which offers up to $50,000 USDT in case of vulnerability detection in four levels of severity.

Why Mutuum Finance Could Be The Next Crypto To Explode

While ADA’s future depends on defending $0.756, Mutuum Finance (MUTM) is already showing sustained traction through its presale. Actually, the present-day crypto prices indicate the disparity between old tokens that are finding it difficult to stay at support levels and new crypto coins that are absorbing the capital inflows.

As the project approaches listing, momentum suggests that this may be the next big cryptocurrency that transforms early investment into long-term value.

For more information about Mutuum Finance (MUTM) visit the links below:

Website: https://mutuum.com/ 

Linktree: https://linktr.ee/mutuumfinance 

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
WTI Recovers from Multi-Month Low, Climbs above $76.00, Upside Potential Seems LimitedWTI edges higher on Friday, though any meaningful appreciating move still seems elusive.The worsening global economic outlook and demand concerns weigh on the commodity.
Author  FXStreet
Nov 10, 2023
WTI edges higher on Friday, though any meaningful appreciating move still seems elusive.The worsening global economic outlook and demand concerns weigh on the commodity.
placeholder
Crypto Market Outlook: Bitcoin, Ethereum, and XRP Tumble as BoJ Hawkishness Sparks Risk-Off RoutBitcoin slides below $87,000, Ethereum leans on $2,800 support and XRP hovers around $2.00 as December opens with a risk-off tone, leaving BTC eyeing $80,600–$74,508, ETH exposed to $2,111 and XRP to $1.90 unless buyers can turn key levels into a base for a rebound.
Author  Mitrade
Dec 01, Mon
Bitcoin slides below $87,000, Ethereum leans on $2,800 support and XRP hovers around $2.00 as December opens with a risk-off tone, leaving BTC eyeing $80,600–$74,508, ETH exposed to $2,111 and XRP to $1.90 unless buyers can turn key levels into a base for a rebound.
placeholder
Solana Price Forecast: ETF Demand and Derivatives Flows Fuel a Sharper ReboundSolana (SOL) trades above $140 after a 10% daily jump, as ETF inflows flip positive, futures open interest climbs 6.75% and on-chain TVL and stablecoin liquidity rise, setting up a potential double-bottom breakout toward the 50-day EMA at $158 if SOL can secure a daily close above $145.
Author  Mitrade
Dec 03, Wed
Solana (SOL) trades above $140 after a 10% daily jump, as ETF inflows flip positive, futures open interest climbs 6.75% and on-chain TVL and stablecoin liquidity rise, setting up a potential double-bottom breakout toward the 50-day EMA at $158 if SOL can secure a daily close above $145.
placeholder
Gold Price Forecast: XAU/USD flat lines near $4,200 ahead of US PCE inflation releaseGold price (XAU/USD) trades on a flat note near $4,205 during the early Asian trading hours on Friday. Rising US Treasury yields and upbeat US jobs data cap upside for the precious metal. Traders might prefer to wait on the sidelines ahead of the key US inflation data.
Author  FXStreet
Dec 05, Fri
Gold price (XAU/USD) trades on a flat note near $4,205 during the early Asian trading hours on Friday. Rising US Treasury yields and upbeat US jobs data cap upside for the precious metal. Traders might prefer to wait on the sidelines ahead of the key US inflation data.
placeholder
Bitcoin Pauses for Breath Above $92,000 as Bulls Weigh Next Run at $95,000Bitcoin consolidates above $92,000 and the 100-hour SMA as traders eye a breakout toward $96,450 or a potential retracement to $90,500 support.
Author  Mitrade
Dec 05, Fri
Bitcoin consolidates above $92,000 and the 100-hour SMA as traders eye a breakout toward $96,450 or a potential retracement to $90,500 support.
goTop
quote