World Crypto Global Official Site | cardano bull run

Author: Scott Matherson

Why Cardano (ADA) Is A Top Altcoin Pick In The Next Bull Run

Dan Gambardello, the founder of Crypto Capital Venture, has laid out a bullish narrative for Cardano going into the next bull run. Based on his analysis, the crypto token has the potential to be one of the best-performing coins during that period. History Could Repeat Itself For Cardano In a video posted on his YouTube Channel, Gambardello mentioned how Cardano was currently in the same technical area it was in the last two market cycles before the Bitcoin Halving. He further noted that on those two occasions, ADA managed to surpass expectations and ended up clocking a new all-time high (ATH) in the process. Related Reading: Crypto Analyst Predicts Bitcoin To $100,000 But Says Cardano Is Dead, Heres Why Specifically, ADA is said to have seen a 2700% gain on its way to its current ATH of $3 after the 2020 Bitcoin Halving. Gambardello believes that this time will be no different despite ADA being significantly down from its ATH. Although he was trying to be cautious with his price predictions, he raised the possibility of Cardano seeing an 1800% gain on its way to $10 in the next bull run. Interestingly, that isnt the crypto analysts most bullish prediction so far. He once stated that ADA could rise to $11 at a market cap of $400 billion. Then, he hinted that ADA could enjoy a similar run as ETH did in the last bull run due to its DeFi functionalities. This time around, he once again made the ADA and ETH comparison, noting that the former hitting a market cap of $350 billion in the next bull run is still way less than ETHs market cap in the last bull run. ADA price at $0.54 | Source: ADAUSD on Tradingview.com Bitcoin Halving Is The Key To Unlocking The Next Bull Run Before now, Gambardello had hinted that the Bitcoin Halving was going to kickstart the next bull run. In his recent video, he once again suggested that the next bull run was going to start after the Halving in April, noting how the bull cycles always take place after this event. He further highlighted how the Bitcoin chart was also indicating that the next bull run is imminent. Related Reading: Chainlink Breeds New Whales As $49.9 Million Accumulation Spree Cause Prices To Surge According to the crypto analyst, a simple zoom out on a Bitcoin chart shows that there is so much to be bullish about. Altcoins are not left behind, as Gambardello also claimed that the charts of altcoins like ADA and ETH suggested that something was getting ready to happen, implying that a massive rally was on the horizon. Meanwhile, Gambardello wasnt only bullish on the crypto market from a technical analysis perspective. He alluded to fundamentals like recent developments around the Spot Bitcoin ETFs, which show increased demand for the flagship crypto token, Bitcoin. Featured image from CryptoNewsZ, chart from Tradingview.com

View Details

Cardano Must Hold Critical Support Around $0.67 To Sustain Bull Run Details

Author: Sebastian Villafuerte

United Kingdom

Source: NewsBTC

Feb 23, 2025 12:10

Cardano Must Hold Critical Support Around $0.67 To Sustain Bull Run Details

Cardano is trading above key demand levels after a volatile Friday that saw prices react sharply to the Bybit $1.5+ billion hack news. Bybit is a top cryptocurrency exchange. The market-wide panic took prices from local highs to critical demand zones, with Cardano dropping over 7% in less than six hours. Fear spread quickly, driving prices down as investors worried about further downside pressure. However, Bybits quick response and assurances have helped restore confidence, preventing a more aggressive selloff. Related Reading: Ethereum Holds Key Support Analyst Doubts Bears Can Defend $4K Anymore Despite the turbulence, Cardano remains above crucial support, suggesting that bulls are still in control as long as these levels hold. Top analyst Ali Martinez shared a technical analysis on X, revealing that the most critical support zone for Cardano (ADA) is between $0.67 and $0.80. This range serves as a strong demand area where accumulation has historically occurred. Holding this level is crucial for ADAs short-term outlook, as a breakdown below could trigger further selling pressure. With market sentiment stabilizing and key support levels intact, ADA could be positioned for a rebound. However, bulls need to reclaim lost ground quickly and push back above resistance levels to confirm a stronger recovery. All eyes remain on the broader market reaction following Bybits security breach. Cardano Bulls Holding Key Demand Cardano is trading at key demand levels that could serve as a strong base for a recovery rally. Bulls remain cautious as volatility and uncertainty continue to drive most altcoins into lower demand zones. The extreme selling pressure seen across the market since late December has shown no signs of stopping, leaving many investors on edge. Despite this, there is growing optimism that Cardano could soon reverse its bearish trend and begin a strong rally. Technical indicators suggest that ADA is at a critical point, where a sustained hold above key demand levels could set the stage for a significant move upward. Martinezs technical analysis on X highlights that the most critical support zone for Cardano is between $0.67 and $0.80. This price range has historically served as a strong accumulation zone, and as long as it holds, the broader bull run remains intact. If ADA successfully defends this range, bulls could regain confidence and push the price toward higher resistance levels. A breakout above key supply levels could accelerate buying pressure, triggering a move back toward previous highs. However, if selling pressure intensifies and ADA breaks below support, further downside could follow. Related Reading: On-Chain Metrics Reveal The Most Critical Resistance For Bitcoin Can BTC Break $97.5K? With market sentiment improving following Bybits security breach resolution, investors are watching closely for signs of strength in Cardanos price action. Those who have been accumulating during this consolidation phase could benefit from an eventual uptrend if bullish momentum returns. Holding above the $0.67$0.80 zone will be crucial in determining whether ADA can recover and reclaim lost ground in the coming weeks. Price Testing A Critical Level Cardano (ADA) is trading at $0.75 after another failed attempt to reclaim the $0.82 mark, a key resistance level that bulls have struggled to break. The short-term objective for bulls must be to push ADA above this level and hold it as support, signaling a shift in momentum toward the upside. A successful breakout would open the door for a test of the $0.85 level, which is aligned with the 4-hour 200 moving average (MA)a key indicator of short-term strength. For now, ADA remains in a consolidation phase, and bulls need to maintain control above the $0.73 level in the coming days. Holding this price range would confirm short-term strength and indicate a potential bullish recovery. If ADA fails to stay above $0.73, sellers could regain control and push the price lower, increasing the risk of a deeper correction. Related Reading: Solana Sweeps Lows But Recovers Can Bulls Reclaim $185 by Friday? Market conditions remain uncertain, but if bulls reclaim $0.82, a strong rally could follow, driving ADA toward higher resistance levels. Investors are watching closely to see if Cardano can establish a higher low and break the bearish trend that has persisted for weeks. Holding key support levels is essential for a sustainable recovery. Featured image from Dall-E, chart from TradingView

View Details

Cardano (ADA) To Break $8 In Bull Run: Analyst Predicts Timeline

Author: Keshav Verma

United Kingdom

Source: NewsBTC

Feb 17, 2024 12:05

Cardano (ADA) To Break $8 In Bull Run: Analyst Predicts Timeline

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

View Details

Cardano Could Be Heading For A 20% Correction Technical Data Signals Bearish Price Structure

Author: Sebastian Villafuerte

United Kingdom

Source: NewsBTC

Dec 03, 2024 12:05

Cardano Could Be Heading For A 20% Correction Technical Data Signals Bearish Price Structure

Cardano (ADA) has seen significant volatility in recent weeks, capturing the attention of investors and analysts alike. After reaching a local high of $1.15 on November 23, the price retraced significantly and recently failed to reclaim this key level. The inability to break above $1.15 has raised questions about whether ADAs bullish momentum can sustain its recent uptrend. Related Reading: Dogecoin Ready To Hit $1 Price Struggles To Break Above Major Resistance Top analyst and investor Ali Martinez has weighed in, highlighting the potential for a 20% correction if Cardano loses critical demand zones. His analysis suggests that ADAs current consolidation phase could either serve as a foundation for another rally or lead to further downside if key support levels fail to hold. The coming days will be pivotal for Cardano, as its price action will determine whether it can break above yearly highs or retreat to lower levels for consolidation. Investors closely monitor ADAs ability to hold crucial support zones, as losing them could signal a deeper retracement. Conversely, a decisive move above $1.15 could renew bullish optimism, setting the stage for further gains. Cardano remains at a critical juncture, with both risk and opportunity shaping the market outlook. Cardano Losing Strength Cardanos (ADA) price action has displayed weakening momentum as it struggles to maintain its upward trajectory. After failing to break above the key $1.15 resistance level decisively, ADAs bullish momentum appears to be fading. Analysts are now questioning whether Cardano can sustain its recent rally or is poised for a deeper correction. Analyst Ali Martinez shared a detailed technical analysis on X, highlighting key levels that could dictate ADAs next move. According to Martinez, a close below $1.10 would signal a potential trend shift, raising investor concerns. Furthermore, he notes that a drop below $1.03 would confirm a bearish breakout, potentially driving the price down to $0.88. Martinezs analysis emphasizes the significance of supply and demand zones, suggesting that these levels could trigger sharp price reactions in either direction. Despite the bearish outlook, there is still room for optimism. Cardano could recover and potentially push toward new highs if the broader cryptocurrency market resumes its bullish trend. However, any upside may lack the strong momentum seen earlier in the rally. Related Reading: Dogecoin Consolidates Below Key Supply Level Analyst Expects Rally Soon Cardano remains at a critical juncture, with its price hovering near key support levels. The next few days will determine whether ADA can reclaim its bullish footing or succumb to increased selling pressure. ADA Testing Support At Crucial Demand Level Cardano is currently trading at $1.08 after failing to sustain its recent bullish momentum above the previous high of $1.15. Despite briefly reaching a new local high of $1.19, the price could not maintain this level, slipping below the $1.15 thresholda key demand zone that now acts as resistance. This inability to hold above previous highs raises concerns about the strength of ADAs upward trend. The $1.15 level is pivotal for Cardanos near-term price action. If ADA manages to reclaim this level and establish it as a solid support, it could reinvigorate bullish sentiment and potentially pave the way for further gains. However, failure to do so increases the risk of a deeper correction, as the current price suggests a lack of sustained buying pressure. Related Reading: Shiba Inu Could Increase 75% If It Holds Current Level Analyst Shares Price Target Market participants are closely monitoring ADAs price behavior around this critical zone. A sustained move above $1.15 could signal renewed demand and spark another attempt to push toward $1.20 and beyond. Conversely, continued weakness at current levels might lead to further downside, with ADA testing lower supports. Featured image from Dall-E, chart from TradingView

View Details

Cardano Might See A Massive Pump Around November 18 Analyst Exposes 2020 Similarities

Author: Sebastian Villafuerte

United Kingdom

Source: NewsBTC

Oct 30, 2024 12:05

Cardano Might See A Massive Pump Around November 18 Analyst Exposes 2020 Similarities

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

View Details

Contact Info