Cardano

<p>After dropping from its 2021 peak, Cardano has been in a consolidation phase since 2022 until now. Even in this phase, it saw a 31% price drop this year and a 1% drop last month. This situation is tough for even short-term traders and has caused lots of guesses about when the market will get better.</p>
<p>Analyst Ali Charts has <a href="https://twitter.com/ali_charts/status/1712453816497672274" target="_blank" rel="noopener noreferrer nofollow">found</a> a pattern in Cardano’s past price history and is using this to predict when the next big price jump, or breakout, might happen.</p>
<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="546" src="https://captainaltcoin.com/wp-content/uploads/2023/10/image-341-1024x546.png" alt="" class="wp-image-355217" srcset="https://captainaltcoin.com/wp-content/uploads/2023/10/image-341-1024x546.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-341-300x160.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-341-767x409.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-341-1536x819.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-341-2048x1092.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-341-281x150.png 281w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-341-100x53.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-341-656x350.png 656w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-341-788x420.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-341.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>Ali sees a strong similarity between Cardano’s current price trend and its past behavior, especially from 2018 to 2020. In that time, Cardano’s price stayed in a certain range, not going up or down much.</p>
<p>Now, we see a very similar pattern. Cardano’s price is moving within a certain range, causing lots of talk and theories in the crypto world. Ali suggests that if things go like before, <a class="wpil_keyword_link" href="https://captainaltcoin.com/cardano-ada-price-prediction/" title="Cardano" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">Cardano</a> might stay in this phase until July 2024.</p>
<h2 class="wp-block-heading" id="maybe-a-sooner-breakout">Maybe a Sooner Breakout?</h2>
<p>But the crypto market is known for surprises. Ali also presents another possible situation where, if no big bad events happen like the COVID-19 crash, Cardano might breakout as early as this December.</p>
<h2 class="wp-block-heading" id="factors-to-consider">Factors to Consider</h2>
<p>Several things could push this breakout. Cardano’s tech improvements, new partnerships, and moving into new markets could be triggers, pushing it into a bullish trend. Also, the overall mood and changes in the larger crypto market, new regulations, and big economic factors also help shape Cardano’s path.</p>
<p>Even though past data is useful, it doesn’t always predict the future. The crypto market can be affected by many unpredictable things. So, investors and traders should be careful, do lots of research, and maybe spread their investments to protect against big losses.</p>
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<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/here-is-when-to-expect-the-long-awaited-cardano-ada-breakout-its-not-close-top-analyst/">Here Is When to Expect the Long-Awaited Cardano (ADA) Breakout: It’s Not Close – Top Analyst</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Here Is When to Expect the Long-Awaited Cardano (ADA) Breakout: It’s Not Close – Top Analyst

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