{"id":603848,"date":"2024-04-18T22:00:30","date_gmt":"2024-04-18T22:00:30","guid":{"rendered":"https:\/\/ktsl888.com\/?p=603848"},"modified":"2024-04-18T12:07:43","modified_gmt":"2024-04-18T12:07:43","slug":"cardano-rally-to-3-support","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/cardano\/cardano-rally-to-3-support\/","title":{"rendered":"Crypto Analyst Predicts Cardano Rally To $3 As Price Reaches \u2018Ultimate Support Test\u2019"},"content":{"rendered":"

Crypto analyst Trend Rider<\/span><\/a> has drawn Cardano (ADA) holders\u2019 attention to the crypto token\u2019s potential to experience a significant price rally soon enough. Based on Trend Rider\u2019s analysis, <\/span>Cardano<\/span><\/a> could rise to as high as $3 when this happens.\u00a0<\/span><\/p>\n

Cardano To Rise To $3 If History Repeats Itself<\/h2>\n

Trend Rider mentioned in an X (formerly Twitter) <\/span>post<\/span><\/a> that if history repeats itself, Cardano might be on the brink of its \u201cultimate support test\u201d before it makes a parabolic move to the upside. He further suggested that the crypto token could soar to $3, considering the same happened in October 2020 when Cardano\u2019s price dipped to $0.10 and <\/span>skyrocketed to $3<\/span><\/a> afterwards.\u00a0\u00a0<\/span><\/p>\n

Related Reading: Crypto Exchanges Bitcoin Supply Can Only Last For 9 Months, ByBit Report<\/a><\/div>\n

The crypto analyst also revealed that <\/span>Cardano<\/span><\/a> was currently experiencing a bullish <\/span>Relative Strength Index<\/span><\/a> (RSI) crossover and retest, which could mean it was indeed gearing up for another parabolic move. This RSI crossover is an indicator that \u201cperfectly predicts bull and bear markets for ADA.\u201d<\/span><\/p>\n

\"Cardano\"<\/p>\n

Source: X<\/pre>\n
Meanwhile, in an earlier <\/span>X post<\/span><\/a>, Trend Rider explained how crucial it was for Cardano to hold its current support level. According to him, ADA\u2019s price is \u201cright now at an extremely critical level, and if it fails to hold its current support zone, then it could fall quickly to $0.25.\u201d However, if Cardano manages to hold above this support level, then this could be the \u201cexact bottom right now\u201d before it rises to $1, Trend Rider claimed.<\/span>\u00a0<\/span><\/p>\n
Trend Rider further elaborated that Cardano\u2019s next move will depend \u201centirely\u201d on what Bitcoin does. He predicts that altcoins like Carano will experience a \u201cmonstrous bounce\u201d if the flagship crypto <\/span>rises above $65,000<\/span><\/a> after its current price dip. However, if Bitcoin\u2019s price continues to dip, then it is \u201cbear market mode,\u201d Trend Rider added.\u00a0<\/span><\/p>\n
Cardano Won\u2019t Be In The Red Forever\u00a0<\/span><\/h2>\n
Crypto analyst Alan Santana<\/span><\/a> has provided some form of optimism to ADA holders, <\/span>stating<\/span><\/a> that the crypto token won\u2019t be red forever. He made this statement while acknowledging that Cardano has maintained a <\/span>bearish outlook<\/span><\/a>, having been in the red for seven weeks now. Despite that, he remains bullish on the <\/span>crypto token\u2019s future trajectory<\/span><\/a> as he predicts that Cardano will experience a \u201cbig green\u201d in the \u201clatter part of 2024 and most of 2025.\u201d<\/span><\/p>\n
Related Reading: Historical Trends Show What To Expect For Bitcoin Price Following The Halving<\/a><\/div>\n
Santana also noted that this was an excellent time to accumulate for those who intend to enjoy the \u201centire bullish wave.\u201d For those looking to invest in ADA long-term, the crypto analyst highlighted the price range of $0.40 and $0.45 as a good \u201cbuy zone.\u201d That is also the price area Santana had <\/span>previously predicted<\/span><\/a> Cardano could drop to in its bid to find support.<\/span><\/p>\n
At the time of writing, Cardano is trading at around $0.45, down almost 2% in the last 24 hours, according to <\/span>data<\/span><\/a> from CoinMarketCap.\u00a0<\/span><\/p>\n
\"Cardano<\/p>\n
ADa price struggles to hold $0.45 | Source: ADAUSDT on Tradingview.com<\/a><\/pre>\n
Featured image from The Daily Hodl, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Crypto analyst Trend Rider has drawn Cardano (ADA) holders\u2019 attention to the crypto token\u2019s potential to experience a significant price rally soon enough. Based on Trend Rider\u2019s analysis, Cardano could rise to as high as $3 when this happens.\u00a0 Cardano To Rise To $3 If History Repeats Itself Trend Rider mentioned in an X (formerly Twitter) post that if history repeats itself, Cardano might be on the brink of its \u201cultimate support test\u201d before it makes a parabolic move to the upside. He further suggested that the crypto token could soar to $3, considering the same happened in October 2020 when Cardano\u2019s price dipped to $0.10 and skyrocketed to $3 afterwards.\u00a0\u00a0 Related Reading: Crypto Exchanges Bitcoin Supply Can Only Last For 9 Months, ByBit Report The crypto analyst also revealed that Cardano was currently experiencing a bullish Relative Strength Index (RSI) crossover and retest, which could mean it was indeed gearing up for another parabolic move. This RSI crossover is an indicator that \u201cperfectly predicts bull and bear markets for ADA.\u201d Source: X Meanwhile, in an earlier X post, Trend Rider explained how crucial it was for Cardano to hold its current support level. According to him, ADA\u2019s price is \u201cright now at an extremely critical level, and if it fails to hold its current support zone, then it could fall quickly to $0.25.\u201d However, if Cardano manages to hold above this support level, then this could be the \u201cexact bottom right now\u201d before it rises to $1, Trend Rider claimed.\u00a0 Trend Rider further elaborated that Cardano\u2019s next move will depend \u201centirely\u201d on what Bitcoin does. He predicts that altcoins like Carano will experience a \u201cmonstrous bounce\u201d if the flagship crypto rises above $65,000 after its current price dip. However, if Bitcoin\u2019s price continues to dip, then it is \u201cbear market mode,\u201d Trend Rider added.\u00a0 Cardano Won\u2019t Be In The Red Forever\u00a0 Crypto analyst Alan Santana has provided some form of optimism to ADA holders, stating that the crypto token won\u2019t be red forever. He made this statement while acknowledging that Cardano has maintained a bearish outlook, having been in the red for seven weeks now. Despite that, he remains bullish on the crypto token\u2019s future trajectory as he predicts that Cardano will experience a \u201cbig green\u201d in the \u201clatter part of 2024 and most of 2025.\u201d Related Reading: Historical Trends Show What To Expect For Bitcoin Price Following The Halving Santana also noted that this was an excellent time to accumulate for those who intend to enjoy the \u201centire bullish wave.\u201d For those looking to invest in ADA long-term, the crypto analyst highlighted the price range of $0.40 and $0.45 as a good \u201cbuy zone.\u201d That is also the price area Santana had previously predicted Cardano could drop to in its bid to find support. At the time of writing, Cardano is trading at around $0.45, down almost 2% in the last 24 hours, according to data from CoinMarketCap.\u00a0 ADa price struggles to hold $0.45 | Source: ADAUSDT on Tradingview.com Featured image from The Daily Hodl, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":603862,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16896],"tags":[12333,89347,84005,14643,79508,167,12332,89230,12329,6664,26263,14690],"class_list":["post-603848","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cardano","tag-ada","tag-ada-news","tag-ada-price","tag-adausd","tag-adausdt","tag-analyst","tag-cardano","tag-cardano-news","tag-cardano-price","tag-crypto","tag-crypto-analyst","tag-crypto-news"],"acf":[],"yoast_head":"\nCrypto Analyst Predicts 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. 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