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With crypto markets turning volatile, Qubetics gains momentum as the best crypto presale to join in May 2025. Explore how it compares to Cronos and Cardanos recent developments.
The post Amid Volatile Crypto Markets, Qubetics Emerges as the Best Crypto Presale to Join In May 2025 appeared first on Kanalcoin.
An analyst has explained that if history repeats for Cardano (ADA), its price could break $8. Here’s when this might happen for the asset. Cardano Has Been Mirroring Past Price Pattern Recently In a new post on X, analyst Ali has discussed a potential breakout happening in the weekly price of Cardano. ADA has appeared to have surged above a long parallel consolidation channel in this latest breakout. Related Reading: These Are The Altcoins Drawing Whale Interest, Santiment Reveals Below is the chart shared by the analyst that shows this recent pattern in the price of cryptocurrency. The pattern that the ADA weekly price has been displaying recently | Source: @ali_charts on X As the graph shows, ADA had been moving inside a parallel channel until the recent surge toward the upside came. In technical analysis, a “parallel channel” refers to the region enclosed by two parallel trendlines. This pattern forms when the asset trades sideways inside a specific range. The upper line of the channel can be a source of resistance for the asset; thus, reversals towards the downside can likely take place after retests of it. Similarly, the lower line can be a probable point for bottoms to take form. However, breaks out of either of these lines imply a potential strong continuation of the trend in that direction. This means an escape above the channel can be a bullish signal for the price, while a drawdown under it can be a bearish predictor. During 2019-2020, Cardano was also stuck in consolidation inside a parallel channel similar to the one witnessed recently, as Ali highlighted in the chart. In this previous period, the cryptocurrency had eventually managed to break above the channel, leading to the 2021 bull run. In total, the asset enjoyed a rally of 3,200% back then. The coin’s trajectory inside the latest channel ended up being similar to that one, and recently, the ADA price has also broken beyond the channel in a fashion that has been reminiscent of the break of the previous one. After the previous break, the coin rallied for a bit and then returned to retest the upper level of the channel, which has been repeated this time as well. The difference this time, however, is that Cardano appears to be heading up now, which took a bit more time to happen last time around. Related Reading: Bitcoin Signal That Has Held Since December Says Its Time To Sell “The Cardano breakout may come earlier than expected!” notes the analyst. “Still, if history repeats itself, we are anticipating ADA to rise to $0.80, retrace to $0.60, and then enter a bull run toward $8 by January 2025!” If the cryptocurrency follows this path set by history, the rally toward the $8 level would mean a total uplift of more than 1,200% from the coin’s current price. ADA Price Cardano has enjoyed a surge of more than 11% in the past week and has risen to the $0.60 mark. Looks like the price of the coin has been rapidly moving up in the last few days | Source: ADAUSD on TradingView Featured image from Shutterstock.com, charts from TradingView.com
Cardano (ADA) has demonstrated impressive resilience, holding firmly above the critical $1.15 level since Monday despite an aggressive market shakeout triggered by Bitcoins volatility. While many cryptocurrencies struggled under selling pressure, ADAs ability to maintain this support showcases its strength amid uncertain market conditions. Top analyst Ali Martinez highlighted bullish signs for Cardano, sharing data that points to a significant increase in whale activity. This uptick in large transactions indicates growing interest from institutional investors and high-net-worth individuals, often a precursor to substantial price movements. Related Reading: Dont Fade Dogecoin! Analyst Says DOGE Is About To Rally As Bitcoins shakeout ripples across the market, ADAs stability above $1.15 becomes a focal point for traders and investors. If Cardano can sustain this level, it could pave the way for a bullish continuation, potentially targeting new highs. Conversely, losing this support would signal increased downside risk and likely lead to a broader consolidation phase. With ADA showing relative strength against broader market turbulence, all eyes are on its next move. Will increased whale activity and bullish sentiment drive Cardano to new heights, or will market uncertainty prevail? The coming days will be crucial in determining ADAs direction and potential to outperform in a challenging market environment. Big Players Keep Buying Cardano Cardano has consistently set new highs and retraced to hold previous highs as support. This bullish behavior signals strong market confidence in ADAs potential to deliver significant gains in the current cycle. Whale activity has been a key driver of this momentum, with large-scale holders of ADA significantly increasing their positions. Analyst Ali Martinez shared data on X revealing that Cardano whales have accumulated over 100 million ADA in the last 24 hours alone, valued at approximately $115 million. This surge in accumulation is a highly bullish indicator, suggesting that influential investors are positioning themselves for further upside. This activity coincides with increasing chatter about the arrival of an “alt-season,” a period when altcoins typically outperform Bitcoin and experience massive price rallies. Cardanos solid fundamentals and growing network activity position it as a prime candidate for significant gains in such a market environment. Related Reading: SUI About To Break ATH Again Can Bulls Target $4.20 This Week? The combination of whale accumulation, robust price action, and broader market trends indicates that ADA is ready to capitalize on the potential for massive gains this cycle. Cardano appears well-prepared to stand out as the market looks to altcoins for the next big moves. Whether it can sustain this momentum will be a critical question in the coming weeks. Price Holding Above Key Level Cardano (ADA) is trading at $1.16 following a 15% pullback from its recent local highs of $1.32. Despite this decline, the price remains above a crucial support level at $1.15, which could determine its next move. Holding above this level is essential for ADA to maintain its bullish momentum and signal the possibility of a renewed rally. If ADA sustains support at $1.15 in the coming days, a push toward higher supply zones is expected, potentially targeting a retest of the $1.32 level and beyond. This level has become a key battleground for bulls aiming to regain control and drive higher prices. Such a move would confirm the pullback was a healthy retracement within an ongoing uptrend. Related Reading: Dogecoin Is Ready To Run Again Analyst Expects 60% Rally However, failing to hold the $1.15 support could signal weakness and extend ADA’s current consolidation phase. This scenario might see the price oscillating in a range, delaying any significant upward movement. Traders and investors closely monitor this level as the broader market dynamics remain uncertain. ADAs ability to stay above $1.15 will likely shape its short-term trajectory, making this a pivotal moment for the altcoins price action. Featured image from Dall-E, chart from TradingView
Cardano (ADA) faced a 23% retrace from its local highs yesterday, following a volatile day that saw many altcoins lose ground. Despite the correction, ADA has been one of the top-performing altcoins since November 5, showcasing its resilience amid market fluctuations. Investors remain optimistic that Cardano will continue outperforming as the broader crypto market gains momentum. Related Reading: PEPE Whales Increased Their Holdings By $1.4 Billion Yesterday Details Top analyst Ali Martinez shared a technical analysis on X, highlighting striking similarities between ADAs current price chart and its 2020 performancea year marked a bullish phase for altcoins. According to Martinez, this resemblance suggests Cardano might be gearing up for another significant rally. However, the next few weeks will be critical for confirming this trajectory, particularly as Bitcoin continues to drive the market with its strong upward momentum. The interplay between Bitcoins performance and altcoin activity will be pivotal in shaping ADAs price action. If Bitcoin sustains its bullish cycle, altcoins like Cardano will likely “wake up” and follow suit. For ADA, holding above key support levels and breaking back toward its recent highs will be essential to sustain investor confidence and set the stage for a potential breakout as the market evolves. Cardano Rally Could Continue Cardano has delivered an extraordinary performance since November 5, surging over 300% in under a month. This impressive rally has captured the attention of investors and analysts, making ADA one of the standout performers in the altcoin market. However, the recent sharp drop has sparked concerns about the potential for a deeper correction, leaving many investors on edge. Analyst and investor Ali Martinez recently shared an optimistic perspective on ADA’s trajectory via X. According to Martinez, Cardano’s current price action mirrors its behavior during 2020, preceding a massive bull run. Martinez acknowledges the possibility of a dip to $0.76 but views it as a buying opportunity, underscoring his confidence by stating his plans to book profits between $4 and $6. His analysis suggests that the current pullback is a natural part of ADAs larger bullish cycle rather than a signal of weakness. Related Reading: Dogecoin Pressing Range Highs Can Bulls Push DOGE To ATH? Despite the recent retrace, key metrics and positive market sentiment support the case for ADAs upward trajectory. Cardanos robust performance over the past month highlights its resilience, and many investors remain optimistic about its long-term potential. As the crypto market evolves, ADA’s ability to hold key support levels and regain momentum will be critical in determining its next move. Price Holding Above Key Level Cardano (ADA) is trading at $1.01 after experiencing a sharp 20% dip yesterday. Despite this significant pullback, ADA has demonstrated resilience, holding firm above the critical support level of $0.87. This level has proven to be a strong foundation for ADAs price action, suggesting that the asset remains well-positioned for further upward momentum. For ADA to continue its bullish trajectory, it must maintain its position above $0.90 in the coming days, solidifying investor confidence. However, the next critical milestone lies at the $1.25 resistance level. Breaking above this threshold will be crucial for ADA, as it would signal renewed buying interest and a potential continuation of its rally. Related Reading: Dogecoin Sees Quiet Breakout As Data Signals Rally Continuation Should ADA successfully hold above $0.90 and breach the $1.25 mark, the stage will be set for a massive continuation in its price. Such a move could attract more investors and further solidify ADA’s position as a top-performing altcoin. With the broader crypto market showing signs of strength, the coming weeks will be pivotal for ADA as it attempts to recover from recent volatility and push toward new highs. Featured image from Dall-E, chart from TradingView
The crypto market is heating up, with Bitcoin on the brink of all-time highs and anticipating a major breakout across assets. Cardano (ADA) is also at a critical juncture, showing striking similarities to its price action in 2020a year that saw ADA skyrocket by over 4,000% in under 12 months. Related Reading: If Dogecoin Breaks Above Key Resistance We Could See A 25% Rally Top Analyst Renowned analyst Ali Martinez recently shared a technical analysis comparing ADAs current market structure to November 2020. According to Martinez, ADAs recent consolidation around key levels could set the stage for a significant upward surge, particularly following the upcoming U.S. election. Martinezs analysis highlights Cardanos pattern of explosive growth after periods of accumulation and points to the potential for a strong rally if Bitcoin breaks new highs. Investors are now closely watching ADAs price movement, eager to see if it can replicate its historic bull run. As the market prepares for a possible shift, Cardanos performance in the coming weeks could offer insight into broader altcoin momentum in this cycle. The next moves could be decisive, making ADA one to watch in the rapidly evolving crypto landscape. Cardano Following 2020 Bullish Pattern Cardano has captured the attention of analysts and investors who see its current consolidation as a possible signal of accumulation, hinting at a strong move up ahead. Well-known analyst Ali Martinez recently shared a technical analysis on X, comparing Cardanos current price behavior and its pattern in 2020a year in which ADA experienced an extraordinary 4,000% surge. According to Martinez, Cardano’s price action is displaying a similar setup, suggesting the possibility of a breakout around November 18, roughly two weeks after the U.S. elections. This timeline aligns with historical patterns, where ADA consolidates before explosive upward moves. Martinezs analysis points to a long-term bullish target of $6.30, representing a potential 2,000% increase from current levels. He anticipates that if it materializes, this rally could lead to a market top for Cardano around September 2025. This prediction is based on ADAs cyclical price trends, where significant rallies have historically followed periods of low volatility and accumulation, driven by market sentiment and broader crypto adoption. Related Reading: GOAT Outpaces PEPE Growing To $900M Market Cap In 2 Weeks Details Many investors are now watching ADA closely, as such a rally would not only be significant for Cardano but could signal a broader bullish momentum across altcoins. Cardanos current price level has attracted a mix of institutional and retail investors seeking opportunities before what could be a substantial move. With both on-chain data and technical indicators supporting a bullish outlook, ADAs upcoming price action may set the tone for the altcoin market in the coming months. If history repeats, Cardano could be primed for one of its most powerful surges, attracting new interest and capital into the ecosystem. ADA Technical Levels Cardano is trading at $0.346 after experiencing a clear rejection from the 4-hour 200 exponential moving average (EMA) at $0.351. This key level has been pivotal, as a break above it and holding it as support would signal a potential shift toward a short-term uptrend. For bulls aiming to regain control over ADAs price action, establishing a firm foothold above the 200 EMA is essential, as it would likely attract buying interest and strengthen upward momentum. Additionally, the $0.37 supply zone presents another significant hurdle for ADA, as bulls have struggled to reclaim this level since early October. This resistance zone has repeatedly capped price action, indicating that substantial buying pressure is necessary to break through and sustain gains beyond this mark. A bullish trend could gain traction if ADA breaches the 200 EMA and the $0.37 supply zone. Related Reading: Bitcoin Short Positions Face Serious Risk Above $68,500 Details However, if these levels remain unclaimed, ADAs price is likely to continue consolidating sideways in the near term. Such a pattern would allow the market to stabilize and potentially attract fresh demand before attempting another breakout, though it may delay any significant upward movement for ADA. Featured image from Dall-E, chart from TradingView
Cardano (ADA) is crucial following days of heightened volatility and excitement among crypto investors. While other altcoins have experienced significant pumps, Cardano has yet to see the same breakout, leaving analysts and traders searching for confirmation of a bullish trend. Despite the lack of a major move, optimism remains high for ADA as market watchers await a signal to ignite the rally. Related Reading: Strong Buy Signal For DogWifHat (WIF) Key Indicator Hints At Rally To $4 Top analyst and investor Carl Runefelt recently shared a technical analysis suggesting that Cardano could be on the verge of a bullish rally, potentially pushing ADA to $0.54. This prediction has generated excitement within the Cardano community, but the next few days will be critical in determining whether ADA can follow through with a breakout. As the market remains volatile, traders will closely monitor Cardanos price action for signs of a confirmed uptrend. Cardano Holding Above Key Level Cardano is trading above a key resistance level at $0.33, sparking optimism among analysts and investors. This crucial price point could be the springboard that propels ADA to new highs. Analysts in the crypto community believe that Cardano is poised for a breakout, and some expect a rally in the coming days. Prominent investor and analyst Carl Runefelt recently shared a technical analysis on X, highlighting a bullish pattern forming on Cardanos chart. According to Runefelt, if ADA manages to break this pattern to the upside, the next target could be as high as $0.54, representing a potential 58% gain from current levels. This prediction has generated excitement, as ADA holders are looking for signs of a sustained upward trend after a period of consolidation. However, not all scenarios point to a smooth ride for Cardano. If ADA fails to break above this pattern, further consolidation or a potential correction could be on the horizon. Related Reading: Solana Targets $160 Resistance As TVL Hits New Yearly Highs The $0.33 level is now a key marker for traders and investors to watch closely in the coming days, as it could signal the beginning of a major price moveor the continuation of a more uncertain path for Cardano. ADA Technical Analysis Cardano’s (ADA) price action has been underwhelming compared to other altcoins. Currently trading at $0.34, ADA has seen a 7% decline from its recent high of $0.37 set on Tuesday. Despite some volatility, the price remains below the critical 200-day exponential moving average (EMA) at $0.40, following a failed breakout attempt in late September. For the bulls to regain control, ADA must reclaim the $0.40 level and push toward setting a new local high above $0.41. A breakout above these levels would signal a potential momentum shift and spark renewed optimism among investors. Related Reading: On-Chain Metrics Reveal Bitcoin Demand Is Growing Can BTC Break ATHs In Q4? However, exceeding the $0.34 mark could lead to further downside pressure. If this level is lost, a correction to lower demand areas around $0.30 is expected. Traders are watching closely, as this level could determine whether Cardano will continue to underperform or regain its footing in the market. Featured image from Dall-E, chart from TradingView
Cardano (ADA) has recently sparked interest in the cryptocurrency market, with analysts noting a potential price rally above $1.7. Ali Martinez reports that whales have bought an additional 30 million ADA in the last 24 hours, signaling growing institutional interest. The latest analysis by crypto analyst TheMoonCarl highlights a bullish setup for Cardano, particularly in […]
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