{"id":656463,"date":"2024-12-03T15:30:44","date_gmt":"2024-12-03T15:30:44","guid":{"rendered":"https:\/\/ktsl888.com\/?p=656463"},"modified":"2024-12-03T11:14:55","modified_gmt":"2024-12-03T11:14:55","slug":"cardano-next-in-line-after-xrp","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/cardano\/cardano-next-in-line-after-xrp\/","title":{"rendered":"Cardano Next In Line After XRP? ADA Price Targets $4.88 In Epic Breakout"},"content":{"rendered":"

Cardano could be the next to surge after XRP, as the ADA price shows signs of an <\/span>imminent market recovery<\/span><\/a>. A crypto analyst has projected that the ADA price could <\/span>experience an epic breakout<\/span><\/a> to $4.88 this bull cycle. The analyst has grounded his bullish prediction on the Cardano price action, providing insights into its potential future movements based on technical analysis and current market conditions.<\/span><\/p>\n

ADA Price Set Sights On $4.88<\/h2>\n

Alan Santana, a prominent TradingView analyst, has released a <\/span>report<\/span><\/a> declaring that <\/span>additional price growth for Cardano<\/span><\/a> is possible in this bull cycle. Sharing a detailed price chart of Cardano\u2019s movements from 2021 to the present and its future price trajectory, the analyst projected a significant rise to $4.88 by 2026.\u00a0<\/span><\/p>\n

Related Reading: Fantom Price Breakout: Analyst Shares Anatomy Of FTM\u2019s 18,000% Move To $150 By 2025<\/a><\/div>\n
\"Cardano
Source: TradingView<\/figcaption><\/figure>\n

Alan Santana revealed that the ADA price has been in a long consolidation phase for 915 days since May 2022. Surprisingly, the popular altcoin had <\/span>broken out of this range earlier this month<\/span><\/a>, producing the highest bullish volume ever seen.\u00a0<\/span><\/p>\n

Cardano\u2019s current market position indicates that it is steadily emerging from a <\/span>market bottom<\/span><\/a>, a development that often precedes a sustained upward trend. Alan Santana has underscored that <\/span>Cardano\u2019s recent trend shift<\/span><\/a> is only the beginning, as the cryptocurrency has more room for growth in this bull cycle.<\/span><\/p>\n

Furthermore, the analyst revealed that the primary focus of his technical chart analysis is not to predict a new all-time high or determine <\/span>how far up Cardano will reach by 2025<\/span><\/a>. Instead, the analysis aims to highlight Cardano\u2019s short-term price action based on a long-term chart.\u00a0<\/span><\/p>\n

Looking at his price chart, Alan Santana has pinpointed the 0.8875 Fibonacci level as the main support level for Cardano. This support was initially a resistance level ADA had conquered during last month\u2019s bullish breakout. The analyst underscored that the <\/span>breakout signified the highest level<\/span><\/a> the ADA price had reached since May 2022.<\/span><\/p>\n

Alan Santana has predicted that if Cardano can break above the main support at 0.8875, the market sentiment will remain \u201csuper bullish,\u201d and additional price growth should be expected. On the other hand, if Cardano fails to break the 0.8875 level, it could drop to a secondary support level at 0.6330.\u00a0<\/span><\/p>\n

If <\/span>Cardano faces a retracement<\/span><\/a> to 0.6330, the TradingView analyst has emphasized that the cryptocurrency’s overall market structure will still remain strong. These solid fundamentals have prompted the analyst to forecast a <\/span>major rally to $2<\/span><\/a> for\u00a0 ADA, if it can maintain a price above the 1.30 Fibonacci level.\u00a0\u00a0<\/span><\/p>\n

Related Reading: Bitcoin Price At $245,000? Here\u2019s When You Should Be Expecting It<\/a><\/div>\n

Will Cardano Mirror XRP Price Surge?\u00a0<\/span><\/h2>\n

Cardano is currently exhibiting potential that mirrors XRP, as the optimism surrounding the ongoing bull market could ignite a <\/span>price surge for the ADA price<\/span><\/a>. Since the beginning of the year, Cardano\u2019s price has been stuck in a consolidated and declining state. This underperformance led to growing concerns among crypto members, with many <\/span>labeling ADA a dead coin<\/span><\/a>.<\/span><\/p>\n

However, with new signs of a <\/span>potential price rally<\/span><\/a>, Cardano could achieve XRP-like gains if market sentiment shifts in its favor. As of this writing, the <\/span>price of XRP<\/span><\/a> has been trading at $2.6 after surging by more than 428% in the past month.\u00a0\u00a0<\/span><\/p>\n

\"Cardano
ADA price holds $1.2 | Source: ADAUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Cardano could be the next to surge after XRP, as the ADA price shows signs of an imminent market recovery. A crypto analyst has projected that the ADA price could experience an epic breakout to $4.88 this bull cycle. The analyst has grounded his bullish prediction on the Cardano price action, providing insights into its potential future movements based on technical analysis and current market conditions. ADA Price Set Sights On $4.88 Alan Santana, a prominent TradingView analyst, has released a report declaring that additional price growth for Cardano is possible in this bull cycle. Sharing a detailed price chart of Cardano\u2019s movements from 2021 to the present and its future price trajectory, the analyst projected a significant rise to $4.88 by 2026.\u00a0 Related Reading: Fantom Price Breakout: Analyst Shares Anatomy Of FTM\u2019s 18,000% Move To $150 By 2025 Alan Santana revealed that the ADA price has been in a long consolidation phase for 915 days since May 2022. Surprisingly, the popular altcoin had broken out of this range earlier this month, producing the highest bullish volume ever seen.\u00a0 Cardano\u2019s current market position indicates that it is steadily emerging from a market bottom, a development that often precedes a sustained upward trend. Alan Santana has underscored that Cardano\u2019s recent trend shift is only the beginning, as the cryptocurrency has more room for growth in this bull cycle. Furthermore, the analyst revealed that the primary focus of his technical chart analysis is not to predict a new all-time high or determine how far up Cardano will reach by 2025. Instead, the analysis aims to highlight Cardano\u2019s short-term price action based on a long-term chart.\u00a0 Looking at his price chart, Alan Santana has pinpointed the 0.8875 Fibonacci level as the main support level for Cardano. This support was initially a resistance level ADA had conquered during last month\u2019s bullish breakout. The analyst underscored that the breakout signified the highest level the ADA price had reached since May 2022. Alan Santana has predicted that if Cardano can break above the main support at 0.8875, the market sentiment will remain \u201csuper bullish,\u201d and additional price growth should be expected. On the other hand, if Cardano fails to break the 0.8875 level, it could drop to a secondary support level at 0.6330.\u00a0 If Cardano faces a retracement to 0.6330, the TradingView analyst has emphasized that the cryptocurrency’s overall market structure will still remain strong. These solid fundamentals have prompted the analyst to forecast a major rally to $2 for\u00a0 ADA, if it can maintain a price above the 1.30 Fibonacci level.\u00a0\u00a0 Related Reading: Bitcoin Price At $245,000? Here\u2019s When You Should Be Expecting It Will Cardano Mirror XRP Price Surge?\u00a0 Cardano is currently exhibiting potential that mirrors XRP, as the optimism surrounding the ongoing bull market could ignite a price surge for the ADA price. Since the beginning of the year, Cardano\u2019s price has been stuck in a consolidated and declining state. This underperformance led to growing concerns among crypto members, with many labeling ADA a dead coin. However, with new signs of a potential price rally, Cardano could achieve XRP-like gains if market sentiment shifts in its favor. As of this writing, the price of XRP has been trading at $2.6 after surging by more than 428% in the past month.\u00a0\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":574248,"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-656463","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":"\nCardano Next In Line After XRP? 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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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