Cardano Imminent Breakout to $1: Pundit Predicts 100% ‘Santa Claus Rally’ For ADA

Cardano Imminent Breakout to $1: Pundit Predicts 100% ‘Santa Claus Rally’ For ADA
фото показано с : zycrypto.com

2023-11-18 14:49

Cryptocurrency analyst Ali Martinez has pointed out that the current consolidation trend of Cardano suggests that ADA could break the $0.45 resistance around the first week of December.

Martinez explained that the current movement of ADA could mark the end of the consolidation period that emerged after the fall of Bitcoin and in 2022 due to the collapse of Terra Luna and its stablecoin UST.

#Cardano's current consolidation trend eerily mirrors the 2018-2020 phase without the COVID-19 crash!

If so, $ADA could break through the $0.45 resistance around the first week of December. The upswing could send #ADA to $0.75 by late December.

Looking to trade this setup? Head… pic.twitter.com/u3KzOsZj2F

— Ali (@ali_charts) November 16, 2023 Where is the price of Cardano (ADA) heading?

According to Martinez, if ADA establishes a short-term bullish trend, it could reach $0.75 by the end of December as it heads to the $1 price. Currently, ADA remains in a price range between $0.25 and $0.47, which it has been unable to surpass since September 2022.

Similarly, Martinez highlighted that ADA’s weekly chart shows consolidation similar to the period of 2018-2020 without the crisis, which caused a significant drop in all financial markets, leading ADA to lows of approximately $0.015.

However, after the pandemic Crash, ADA increased by 2,984% to a maximum of $3.10, a price it couldn’t sustain for long due to the fall of BTC and the rampant financial crisis in the U.S., which continues to wreak havoc this day.

If Martinez’s projection comes right, ADA could double its current value in a few weeks. At the time of writing this note, the price of ADA is trading at $0.3665, 88% below its historical maximum.

Cardano’s adoption remains unstoppable amid the crypto winter

As reported by ZyCrypto, the rise of Cardano (ADA) is accompanied by various positive news about the project and increased adoption. Recently, Santiment reported that Cardano recorded the highest movement in old ADA wallets since April 2022.

According to DefiLlama data, the total number of addresses with ADA is very close to its historical maximum of 4.46 million. The count of active addresses and transaction volume has also increased, while the total value locked (TVL) has surpassed $262.08 million, a level not seen since March 2022.

Therefore, both technical analysis and on-chain indicators point to continuous growth for Cardano in the coming months.

Will ADA be able to break the streak it has been experiencing since 2022?

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Cardano (ADA) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.576
Капитализация $0 Rank 99999
Цена в час новости $ 0.3588 (-100%)

ada mark could consolidation period fall emerged

Источник: zycrypto.com

ada mark → Результатов: 54


Фото:

Cardano On The Verge Of Making Much Needed Comeback As ADA Wallets Skyrocket Past 2 Million

The official community monitoring page of the Cardano blockchain network has just announced that active wallets of its native token ADA have crossed two million unique addresses. The announcement bears a mark of celebration for the blockchain network that was recently ranked third but has fallen two places to now be the fifth among blockchains […]

2021-11-3 00:14


Cardano (ADA) sets price highs ahead of smart contract update

Input-Output Hong Kong (IOHK), a blockchain infrastructure research and engineering company behind the development of the proof-of-stake Cardano (ADA) platform is on track with completing its smart contract mission as the announcement of the hard fork date, which will mark the downing of the new era, boosted the token’s price to its record high of […] The post Cardano (ADA) sets price highs ahead of smart contract update appeared first on CryptoSlate.

2021-8-22 09:08


Фото:

Cardano (ADA) surges 32% as it approaches the $0.50 mark

Cardano’s (ADA) price broke out of sideways consolidation as it surged by more than 15% on 1 February. The bullish momentum is still present as ADA gained over 20% in the past 24 hours. What’s next in store for Cardano and should you buy ADA at the moment? Fundamental analysis: Cardano’s active developer base made […] The post Cardano (ADA) surges 32% as it approaches the $0.50 mark appeared first on Invezz.

2021-2-3 22:18


дальше еще 5 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

MrBeast faces allegations of crypto insider trading

MrBeast allegedly made $23 million from insider trading in crypto projects. He reportedly used 50 wallets to promote and dump tokens, misleading investors. Evidence includes a publicly shared Ethereum address linked to $13 million in trades.

Bitrue gets Virtual Asset Service Provider approval in Lithuania

Bitrue has received VASP approval in Lithuania to offer crypto exchange services. The company aims for EU expansion by pursuing the Markets in Crypto-Assets license. Lithuania plans regulatory changes to reduce the presence of crypto firms in the country.

Bitpanda eyeing a potential initial public offering (IPO)

Bitpanda is considering a potential IPO in Frankfurt, backed by Peter Thiel. The company reported €100 million in Q1 2024 revenue, rebounding from previous losses. Discussions are ongoing, with a possible timeline for the IPO set for 2025.