{"id":411908,"date":"2020-01-22T09:28:18","date_gmt":"2020-01-22T09:28:18","guid":{"rendered":"https:\/\/ktsl888.com\/?p=411908"},"modified":"2024-06-11T13:40:52","modified_gmt":"2024-06-11T13:40:52","slug":"3-factors-show-cardano-ada-soon-explode-100-higher","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/3-factors-show-cardano-ada-soon-explode-100-higher\/","title":{"rendered":"Top Crypto Analyst Lays This Case for 100% Cardano (ADA) Price Surge"},"content":{"rendered":"

Near the top of the Bitcoin bull market in 2018, Cardano<\/a> (ADA) was dominating. Everything. Aside from a few select altcoins in Ethereum, XRP, and BCH<\/a>, 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.<\/p>\n

But, since then, the cryptocurrency has seen quite the fall from grace. Per TradingView<\/a> data (seen below), the cryptocurrency has collapsed by 96.74% against the U.S. dollar since the all-time high well above $1.<\/p>\n

<\/p>\n

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).<\/p>\n

Related Reading: Bitcoin Signal That Preceded 288% Rally About to Flash, and It\u2019s Huge for Bulls<\/a><\/h6>\n

Three Technical Reasons Suggest Cardano (ADA) Surge On Horizon<\/strong><\/h2>\n

Josh Olszewicz, the cryptocurrency analyst at Brave New Coin, recently noted<\/a> that the chart of ADA\/BTC is looking prime for an explosion higher from a technical analysis perspective. He specifically looked at three factors:<\/p>\n

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  • 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.<\/li>\n
  • 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.<\/li>\n
  • 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.<\/li>\n<\/ul>\n
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    fundamentals aside, $ADA<\/a> looks absolutely bonkers to me<\/p>\n

    – nearly 6 month accum
    – daily cloud turning bull
    – high TF e2e = 2x+     pic.twitter.com\/cexF7z0KwX<\/a><\/p>\n

    — #333kByJuly2025 (@CarpeNoctom) January 22, 2020<\/a><\/p><\/blockquote>\n