Near the top of the Bitcoin bull market in 2018, Cardano (ADA) was dominating. Everything. Aside from a few select altcoins in Ethereum, XRP, and BCH, ADA was at the top of the market, rallying on a seemingly strong team and the promise of Cardano becoming the next leading blockchain that could service everything and everyone.
But, since then, the cryptocurrency has seen quite the fall from grace. Per TradingView data (seen below), the cryptocurrency has collapsed by 96.74% against the U.S. dollar since the all-time high well above $1.
Against Bitcoin, the cryptocurrency has collapsed too, dropping by dozens of percent against the leading digital. Despite this, a top analyst recently laid out a case for a massive explosion in the price of ADA against Bitcoin (ADA/BTC).
Related Reading: Bitcoin Signal That Preceded 288% Rally About to Flash, and It’s Huge for Bulls
Three Technical Reasons Suggest Cardano (ADA) Surge On Horizon
Josh Olszewicz, the cryptocurrency analyst at Brave New Coin, recently noted that the chart of ADA/BTC is looking prime for an explosion higher from a technical analysis perspective. He specifically looked at three factors:
Firstly, the trading pair has seen nearly six months of accumulation in a relatively tight range, with ADA failing to break below key support levels but also failing to move above resistance. The strong accumulation pattern near the lows could suggest a rebound is forming.
Secondly, the daily Ichimoku Cloud, which is a sort of all-in-one indicator tracking key price levels and market trends, has turned bullish for Cardano against Bitcoin. A bullish cloud predicted Bitcoin’s price explosion from the low-$7,000s to $9,200 which we just saw.
And lastly, should ADA make an end-to-end Ichimoku Cloud move as the pair moves above key resistances, the price of the cryptocurrency could more than double within a few months’ time.
fundamentals aside, $ADA looks absolutely bonkers to me
– nearly 6 month accum– daily cloud turning bull– high TF e2e = 2x+ pic.twitter.com/cexF7z0KwX
— Josh Olszewicz (@CarpeNoctom) January 22, 2020
Related Reading: This Reason Is Why Analysts are Worried About Ripple’s XRP Despite 35% Rally
Bearish Long-Term Outlook for Alts; Bullish Long-Term Outlook for Bitcoin
Although ADA is looking extremely bullish from the technical perspective laid out, the long-term outlook for the altcoin class of crypto assets seems to be decisively bearish.
Per previous reports from this very outlet, a Reddit user found that by diversifying a $1,000 portfolio into the top 10 crypto assets (Bitcoin, Ethereum, XRP, etc.) at 10% for each coin, his portfolio gained 1.7% in an entire year. During that same time span, Bitcoin gained 95% in and of itself and traditional asset classes gained dozens of percent and saw near-record gains.
Not to mention, analyst Ceteris Paribus recently noted that the launch of the CME’s Bitcoin options could be bearish for altcoins: “If it isn’t obvious, the more we see products like this get offered the more bearish it is for the majority of alts,” they wrote.
Related Reading: Here’s Why Wall Street Veteran Thinks Bitcoin Isn’t a Viable Money, Yet
Featured Image from Shutterstock The post appeared first on NewsBTC. origin »
Big news for Cardano fans – ADA just got listed on Coinbase. This means more people and big companies can now buy it. Could this make ADA price shoot up, or are there risks we should know about? Kris Does Crypto, who has over 11,000 YouTube subscribers, thinks several things point to ADA growing a […]
The post Will These Bullish Indicators Skyrocket Cardano in 2025? ADA Price Prediction appeared first on CaptainAltcoin.
Cardano (ADA), currently priced at $0. 71, has long been a staple in the crypto market, boasting a history of steady development and major price surges. However, a rising competitor priced at just $0.
Cardano continued to trade within the range and saw consolidation near the range lows.
The hesitance to bid ADA near the $0.7 support meant the bulls were too weak to force a recovery.
CardaThe post Cardano: Weak momentum becomes an issue for ADA - Will $0.7 hold? appeared first on AMBCrypto.
Cardano's price may be stuck in a tight range, but increasing holding time and low realized losses signal growing bullish sentiment. As pressure mounts, ADA eyes a breakout above $0.75.
The post Cardano Holders Refuse to Sell—Here’s What This Means for ADA Prices appeared first on BeInCrypto.
Cardano (ADA) has experienced a significant surge in positive sentiment across social media platforms following recent regulatory developments. According to Santiment, the cryptocurrency’s community has driven bullishness to its highest level in over four months, largely influenced by the SEC’s recognition of ADA’s use case for “smart contracts for government services.
As Cardano (ADA) gets drowned in a sea of selloffs, this altcoin finds itself between a rock and hard place since it could drop below the lucrative top-ten crypto position. This can be acknowledged by the fact that ADA is trading 75.
The cryptocurrency market is always shifting, and recently, Cardano (ADA) has been experiencing significant price drops, with the token falling by 25. 67%. As Cardano (ADA) struggles to maintain its value, Coldware (COLD), dubbed the “Solana 2.
ADA has dropped 23. 8% in a week, nearing a key support zone between $0. 56 and $0. 51.
Declining whale transactions and network activity suggest investor caution, but a historical rebound patternThe post Cardano rejected at $1.
Cardano’s ADA skyrocketed above $1 after Trump’s crypto reserve news but quickly reversed. Will buyers step in, or is a deeper dip next?
The post Cardano’s Trump-Fueled Surge Fades as ADA Slips Below $1 appeared first on BeInCrypto.
ADA dipped by 10% in 48 hours as it approached a key flag support.
Whale activity has seen an 8.24% decline in the last 24 hours, adding to the bearish sentiment
Cardano's [ADA] sharp 10% prThe post Cardano's bearish pressure continues - Will ADA dip below $0.6? appeared first on AMBCrypto.
Cardano led the market with double-digit gains as Bitcoin's dominance stumbled ahead of the CPI data
Is this just a relief rally – or the start of ADA’s big comeback?
After a week of FUDThe post Cardano surges 11% in 24 hours – Could ADA ignite a major breakout? appeared first on AMBCrypto.
Crypto analyst Mitchell Bouchard, known as Crypto Moose, suggests that Cardano (ADA) may be poised to hit $5 soon. In a YouTube video, Bouchard discussed multiple elements that might drive ADA’s price increase, such as macroeconomic trends, regulatory transparency, and technical advancements within Cardano’s ecosystem.
Whale activity remains flat after shedding 180M ADA, signaling a wait-and-see stance post-hard fork.
Cardano's DeFi TVL holds steady at $500M, with investor focus on governance adoption and futThe post Cardano's Plomin Hard Fork goes live – ADA holders now control on-chain governance appeared first on AMBCrypto.
As it moves through a dynamic crypto market and recent watershed moments become crystallized, Cardano (ADA) finds itself more and more at a point of potentially great significance. In this transitional moment, it has introduced decentralized governance, and what that really means is that ADA holders now have the power to effectively vote on major [...]
Cardano slipped below $1 for the first time in a month as bearish sentiment grows. Can ADA reclaim $0.99, or is $0.85 the next stop?
The post Cardano Diverges from Bitcoin: Is ADA’s Weakening Correlation a Red Flag? appeared first on BeInCrypto.
Cardano (ADA), the native governance token of the proof-of-stake layer-1 network of the same name, recently lept back above the $1 threshold – indicating robust buying momentum. Like other major cryptocurrencies, ADA has enjoyed the latest Trump-spurred upsurge, largely due to its parent company, Input Output Global (IOG) being a U.
Cardano whales bought 10 million ADA tokens in 24 hours.
ADA has declined by 8. 82% over the past day.
After experiencing a strong uptrend over the past week, Cardano [ADA] has retraced.
Cardano just had a big price breakout after consolidating in a bull pennant. Crypto expert Ali pointed this out on X, saying, “Cardano $ADA is breaking out of a bull pennant, targeting $3!” When you look at the technical signals, it looks like ADA’s upward movement might keep going.
In a notable show of strength amid an otherwise subdued market, Cardano (ADA) has climbed above the psychologically significant $1 mark today, January 3. Over the past 24 hours, ADA has surged by more than 11%, outpacing the mostly flat performances of other top cryptocurrencies, including Bitcoin.
Cardano (ADA) has surged past the 100-day Simple Moving Average (SMA), marking a pivotal moment in its price action and reigniting bullish optimism in the market. This critical breakout signals a shift in momentum as ADA eyes higher targets, with the $1.
Cardano is finally catching some wind in its sails again as fresh ‘new year’ zeal kicks in.
Could this be the start of a strong recovery for ADA?
In a bullish 24 hours, most altcoins hThe post Cardano’s 10% jump sparks hope – But can ADA break above $1? appeared first on AMBCrypto.
Cardano’s $0.74–$0.98 zone can be seen as a prime entry point before the next bullish surge
Charles Hoskinson has emphasized on governance transparency and $600M ADA treasury challenges forThe post Cardano to $3 in 2025? Here's how ADA's latest correction can end! appeared first on AMBCrypto.
Cardano (ADA) демонстрирует рекордный рост за последние 15 месяцев. Скачок цены начался 4 ноября и совпал с переизбранием Дональда Трампа. Это укрепило оптимизм инвесторов. На недельном графике криптовалюта продолжает формировать более высокие максимумы и минимумы.
Cardano (ADA) has faced a challenging period, experiencing a sharp 42% correction since reaching a multi-year high of $1. 32 in early December. This significant decline reflects the broader market uncertainty, with increased selling pressure and cautious investor sentiment weighing heavily on ADA’s price.
Cardano (ADA) experienced extremely low volatility on Sunday as the market stabilized after a rough week. ADA saw a significant 15% drop in value over the past seven days. However, recent price movements suggest a potential bullish reversal despite this decline.
ADA's Long/Short Ratio stood at 1. 04, indicating a strong bullish sentiment among traders.
Cardano (ADA) could soar by 25% to reach the $1. 24 mark if it closes a daily candle above $1.
ADA bounced back above key $1 support, signaling the potential for a bullish breakout
Whale accumulation at lower levels sparked optimism for ADA’s future price recovery
Cardano [ADA] has The post Cardano whales re-enter at $0.
Cardano whales purchased 80 million ADA tokens
ADA declined by 8. 51% over the past week as bearish sentiment persists.
Since hitting a high of $1. 327, Cardano [ADA] has struggled to maintaThe post Cardano: Whales bet 80M ADA to reclaim $1.
An analysis from YouTuber Crypto Moose examines Cardano’s (ADA) market performance and ecosystem developments. The analysis covers ADA’s price movements, technological advancements, and potential investment opportunities within the Cardano network.
Cardano’s ADA has risen to new highs and garnered global interest. People are speculating on its possibility of reaching above $2. Given market conditions and technical signals, ADA may fall before rising to its all-time high.
Large-scale Cardano (ADA) investors have shown confidence in the market by accumulating a substantial number of tokens. Analyst CryptosRus noted that whale wallets acquired over 100 million ADA within a day.
Cardano (ADA) has surged 25%, pushing past $1. Despite retail profit-taking, the altcoin faces critical resistance at $1. 30. If ADA holds this level, it may continue its rally, targeting $1. 50.
Cardano could rally by 15% to reach the $1. 24 level if it closes a four-hour candle above the $1. 07 level.
ADA's Spot Inflow/Outflow data showed that exchanges have experienced a significant ouThe post Cardano breaks THIS bullish pattern, Is $1.
After crossing $1, ADA witnessed a 6% correction in the past 24 hours.
Rising active addresses and a few other metrics hinted at a bullish reversal.
Cardano [ADA] has been witnessing a mThe post Cardano's network activity reaches 2023 highs: ADA to $1.5 next? appeared first on AMBCrypto.
Cardano (ADA) dips below $1, but with rising exchange outflows and a bullish chart pattern, ADA might be ready for a price surge.
The post Cardano Bulls Withdraw $100 Million from Exchanges, Hint at Fresh ADA Surge appeared first on BeInCrypto.
Cardano (ADA) continued to exhibit strength over the weekend after surging past the critical $1 resistance level on Friday, following a week of intense buying pressure.
Cardano (ADA) price surged 41% in a week, backed by strong bullish indicators. Consolidation suggests challenges as $1 remains within reach.
The post This Is What Is Holding Cardano (ADA) Price Below $1 appeared first on BeInCrypto.
Cardano’s (ADA) price trajectory has interested crypto enthusiasts lately. Tweets from Lucid and CryptosRus outline compelling factors driving ADA’s rise. These factors include its decentralized nature, capped supply, and potential collaborations.
ADA’s Open Interest (OI) has increased by 6. 9%, indicating strong traders' participation.
ADA’s on-chain metrics suggested that bulls were dominating the asset.
In the ongoing bullish maThe post Cardano: Why $0.
Cardano's ADA surged above $0.60, fueled by Charles Hoskinson’s U.S. crypto policy stance, but market signals suggest an imminent pullback.
The post This is Why Cardano (ADA) May Struggle to Maintain $0.60 Level appeared first on BeInCrypto.
In a notable development, Cardano’s ADA has reentered the top 10 cryptocurrencies by market capitalization, propelled by a substantial double-digit rally.
Cardano large transactions surged by 32% over the past 24 hours.
ADA has surged by 14.72% over the past day.
After a sustained period of consolidation, Cardano [ADA] has seen a change in forThe post Cardano gains as whale transactions surge: A look at ADA's future appeared first on AMBCrypto.
Bitcoin’s (BTC) recent 30% correction has shaken market sentiment, but VanEck’s latest outlook report suggests that the pullback is part of a broader reset rather than a sign of structural weakness.
The outlook for Bitcoin (BTC) is showing signs of improvement as stablecoin liquidity increases and key market indicators signal a potential reversal of the recent deep correction. CryptoQuant highlighted a significant expansion in the market capitalization of Tether USD (USDT), which usually leads to rising Bitcoin prices.
Bitcoin (BTC) could see a turnaround this weekend after six consecutive weekends of negative returns, according to Standard Chartered head of digital assets research Geoffrey Kendrick. In a research note shared with CryptoSlate on Feb.
Bitwise CIO Matt Hougan sees a significant opportunity in the disconnect between retail and institutional sentiments toward crypto. In a recent letter to investors, Hougan painted a bullish picture for the crypto sector, emphasizing that while retail investors remain skeptical, institutional capital continues to flow into the market at record pace.
Arthur Hayes, former CEO of BitMEX, predicted in a Jan. 27 blog post that Bitcoin (BTC) is likely to correct to the zone between $70,000 and $75,000 before reaching $250,000 by the end of 2025. Hayes argued that Bitcoin’s historical volatility makes a 30% correction plausible within this bull market.
Digital asset prices are expected to face continued short-term volatility due to a lack of policy clarity from the new US administration, but medium-term opportunities could deliver significant gains, according to a report by Standard Chartered.
Bitcoin (BTC) registered a significant recovery in the past week, jumping from the $90,000 price area to a new all-time high at $109,357. 07 on Jan. 20. However, a new Bitfinex Alpha report warns that BTC’s upward momentum faces potential headwinds, as “sell-the-news” trading behavior looms large.
