{"id":640189,"date":"2024-09-06T10:30:52","date_gmt":"2024-09-06T10:30:52","guid":{"rendered":"https:\/\/ktsl888.com\/?p=640189"},"modified":"2024-09-06T05:09:36","modified_gmt":"2024-09-06T05:09:36","slug":"cardano-bull-sees-ada-jumping-1000-in-an-insane-rally","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/cardano-bull-sees-ada-jumping-1000-in-an-insane-rally\/","title":{"rendered":"Cardano Bull Sees ADA Jumping 1,000% In An ‘Insane’ Rally"},"content":{"rendered":"

Cardano has been in the limelight lately, not only because it has slightly increased in price but also due to its forecasted surge. According to predictions, ADA may surge up 16% and reach as high as $0.37 by October 2024<\/a>. But what really drew interest was the bold statement of Cardano analyst Dan Gambardello, that ADA could rally a whopping 1,000% against Bitcoin.<\/p>\n

Related Reading: Monero (XMR) Unfazed By Market Jitters, Climbs 13% \u2013 Details<\/a><\/div>\n

Gambardello’s forecast is based on a very similar setup to the bullish divergence in 2020 that indeed triggered a strong price ascent. In fact, despite this optimism, overall sentiment in the market for Cardano remains conservative.<\/p>\n

Although the price gain since then is insufficient to offset the 9% losses investors have suffered this week, it may provide a limited indication of increasing momentum for the coin. ADA has just recorded a modest gain in price of 2.5% to $0.3263.<\/p>\n

Analyst’s Bullish Case<\/strong><\/h2>\n

Gambardello is optimistic based on ADA\/BTC’s technical chart. He pointed to a bullish divergence<\/a> where the price of ADA keeps making lower lows, while the RSI and MACD are making higher lows-a sign that the downward momentum could be weakening and a reversal might occur very soon. Anyone who has followed crypto price movements knows this has been the precursor to many major rallies.<\/p>\n

\n

\ud83d\udea8 Insane bullish divergence on the ADA\/BTC daily chart.<\/p>\n

Last time this happened 4 years ago, Cardano rallied over 1,000% against Bitcoin. pic.twitter.com\/cR0uqkIcTe<\/a><\/p>\n

\u2014 Dan Gambardello (@cryptorecruitr) September 5, 2024<\/a><\/p><\/blockquote>\n

And he’s rather outspoken about his bold forecast, too. In a recent X post, Gambardello pinpointed how similar conditions were set back in 2020: ADA was also struggling then, but the bullish divergence set off a major rally against Bitcoin that took ADA to new all-time highs. If history repeats itself, we might well be looking at an “insane” price rally for ADA once again.<\/p>\n

\"\"<\/p>\n

Market Sentiment: Bearish Or Bullish?<\/strong><\/h2>\n

It is not all moonbound, though, for Cardano. If Gambardello’s rosy projection were anything to go by, the opposite might be said by the wider market. Market sentiment at the moment is without a doubt bearish.<\/a><\/p>\n

The Fear & Greed Index, one of the major barometers of investor confidence, rests at 22, indicating “Extreme Fear.” This in effect means most investors are still very skeptical about making a big move in ADA and risk appetite remains very low.<\/p>\n

Cardano market cap currently at $11.9 billion. Chart: TradingView<\/a><\/figcaption><\/figure>\n

Over the last 30 days, ADA has experienced some relatively moderate turbulence; only 53% of its days are in the green. The price action hasn’t really been consistent, and this kind of downward volatility could as well scare away many potential investors in search of some more durable pricing momentum.<\/p>\n

While the forecast for a rise by October 2024 is 16.24%, the current environment doesn’t really stand to inspire much confidence. One would be somewhat reasonable at being hesitant, given the temperamental nature currently governing the markets.<\/p>\n

\"\"
Source: CoinCodex<\/a><\/figcaption><\/figure>\n
Related Reading: Aptos (APT) Dips 15% As New Innovations Fail To Spark Momentum<\/a><\/div>\n

ADA Price Forecast<\/strong><\/h3>\n

That leaves the investors to decide on a difficult matter. On one side, the technicals Gambardello presents show a possible breakout. Conversely, the state of the market is somewhat erratic, and generally the vibe is simply not optimistic. Maybe investors would be better off waiting for more persuasive proof of ADA’s next action and treading gently for now.<\/p>\n

The next few weeks are going to be crucial for Cardano. And though Gambardello’s prediction did manage to raise hope, the general market still seems to weigh down any immediate bullish momentum. For the time being, caution might be the best approach, but the moment ADA starts breaking out of its range, things can change pretty fast.<\/p>\n

Featured image from Medium, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Cardano has been in the limelight lately, not only because it has slightly increased in price but also due to its forecasted surge. According to predictions, ADA may surge up 16% and reach as high as $0.37 by October 2024. But what really drew interest was the bold statement of Cardano analyst Dan Gambardello, that ADA could rally a whopping 1,000% against Bitcoin. Related Reading: Monero (XMR) Unfazed By Market Jitters, Climbs 13% \u2013 Details Gambardello’s forecast is based on a very similar setup to the bullish divergence in 2020 that indeed triggered a strong price ascent. In fact, despite this optimism, overall sentiment in the market for Cardano remains conservative. Although the price gain since then is insufficient to offset the 9% losses investors have suffered this week, it may provide a limited indication of increasing momentum for the coin. ADA has just recorded a modest gain in price of 2.5% to $0.3263. Analyst’s Bullish Case Gambardello is optimistic based on ADA\/BTC’s technical chart. He pointed to a bullish divergence where the price of ADA keeps making lower lows, while the RSI and MACD are making higher lows-a sign that the downward momentum could be weakening and a reversal might occur very soon. Anyone who has followed crypto price movements knows this has been the precursor to many major rallies. \ud83d\udea8 Insane bullish divergence on the ADA\/BTC daily chart. Last time this happened 4 years ago, Cardano rallied over 1,000% against Bitcoin. pic.twitter.com\/cR0uqkIcTe \u2014 Dan Gambardello (@cryptorecruitr) September 5, 2024 And he’s rather outspoken about his bold forecast, too. In a recent X post, Gambardello pinpointed how similar conditions were set back in 2020: ADA was also struggling then, but the bullish divergence set off a major rally against Bitcoin that took ADA to new all-time highs. If history repeats itself, we might well be looking at an “insane” price rally for ADA once again. Market Sentiment: Bearish Or Bullish? It is not all moonbound, though, for Cardano. If Gambardello’s rosy projection were anything to go by, the opposite might be said by the wider market. Market sentiment at the moment is without a doubt bearish. The Fear & Greed Index, one of the major barometers of investor confidence, rests at 22, indicating “Extreme Fear.” This in effect means most investors are still very skeptical about making a big move in ADA and risk appetite remains very low. Over the last 30 days, ADA has experienced some relatively moderate turbulence; only 53% of its days are in the green. The price action hasn’t really been consistent, and this kind of downward volatility could as well scare away many potential investors in search of some more durable pricing momentum. While the forecast for a rise by October 2024 is 16.24%, the current environment doesn’t really stand to inspire much confidence. One would be somewhat reasonable at being hesitant, given the temperamental nature currently governing the markets. Related Reading: Aptos (APT) Dips 15% As New Innovations Fail To Spark Momentum ADA Price Forecast That leaves the investors to decide on a difficult matter. On one side, the technicals Gambardello presents show a possible breakout. Conversely, the state of the market is somewhat erratic, and generally the vibe is simply not optimistic. Maybe investors would be better off waiting for more persuasive proof of ADA’s next action and treading gently for now. The next few weeks are going to be crucial for Cardano. And though Gambardello’s prediction did manage to raise hope, the general market still seems to weigh down any immediate bullish momentum. For the time being, caution might be the best approach, but the moment ADA starts breaking out of its range, things can change pretty fast. Featured image from Medium, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":640195,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[12333,142,428,12332,6664],"class_list":["post-640189","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ada","tag-altcoins","tag-bitcoin","tag-cardano","tag-crypto"],"acf":[],"yoast_head":"\nCardano Bull Sees ADA Jumping 1,000% in an 'Insane' Rally<\/title>\n<meta name=\"description\" content=\"Cardano has been in the limelight lately, not only because it has slightly increased in price but also due to its forecasted surge. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/ktsl888.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Cardano Bull Sees ADA Jumping 1,000% In An ‘Insane’ Rally","url":"http:\/\/ktsl888.com\/news\/cardano-bull-sees-ada-jumping-1000-in-an-insane-rally\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/cardano-bull-sees-ada-jumping-1000-in-an-insane-rally\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/a_3588f6.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/a_3588f6.jpg?fit=1140%2C641"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ada","altcoins","bitcoin","cardano","crypto"],"dateCreated":"2024-09-06T10:30:52Z","datePublished":"2024-09-06T10:30:52Z","dateModified":"2024-09-06T10:30:52Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Cardano Bull Sees ADA Jumping 1,000% In An ‘Insane’ Rally\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/cardano-bull-sees-ada-jumping-1000-in-an-insane-rally\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/cardano-bull-sees-ada-jumping-1000-in-an-insane-rally\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/a_3588f6.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/a_3588f6.jpg?fit=1140%2C641\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ada\",\"altcoins\",\"bitcoin\",\"cardano\",\"crypto\"],\"dateCreated\":\"2024-09-06T10:30:52Z\",\"datePublished\":\"2024-09-06T10:30:52Z\",\"dateModified\":\"2024-09-06T10:30:52Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/09\/a_3588f6.jpg?fit=1140%2C641","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/640189"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=640189"}],"version-history":[{"count":5,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/640189\/revisions"}],"predecessor-version":[{"id":640197,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/640189\/revisions\/640197"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/640195"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=640189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=640189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=640189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}