Cardano

Bitcoin

Rise

Crypto analyst Tyler Strejilevich has speculated what could be another tremendous bullish run for <a href="https://bitcoinist.com/cardano-founder-unintentionally-promotes-a-memecoin/" rel="nofollow">Cardano (ADA)</a>. Cardano <a href="https://www.newsbtc.com/news/cardano-rises-56-to-dominate-weekends-top-10-roster-details/">has already done a 132% gain</a> for its holders since the beginning of the year, but according to a discovery by this analyst, <a href="https://www.newsbtc.com/news/cardano-profitability-on-the-rise-1-7-million-addresses-hit-2-year-high/">the token might just be getting started</a>. In fact, if Strejilevich is right, ADA could skyrocket by an incredible 6000% from today’s price to $33 in the next year. 
<h2 id="crypto-analyst-tyler-strejilevich-spots-bullish-signal-for-cardano">Crypto Analyst Tyler Strejilevich Spots Bullish Signal For Cardano</h2> 
Crypto analyst Tyler Strejilevich made his discovery known in a post on the social media platform X. In the post, he noted how ADA is currently at a similar crossroads which it found itself in July 2020.&nbsp; 
Using his analysis of the ADA price chart he shared, Strejilevich noted how the token is now at a bullish cross on moving averages on the weekly timeframe. The last time this happened, ADA went on to form many consecutive bullish candles, going from $0.041 to its current all-time high of $3.09 in 66 weeks.&nbsp; 
A repeat would see Cardano reaching $33 by January 2025. A less optimistic <a href="https://changelly.com/blog/cardano-ada-price-predictions/" rel="nofollow">prediction by Changelly</a> puts a $1 prediction by the end of 2025.&nbsp; 
<blockquote class="twitter-tweet"> 
 <a href="https://twitter.com/hashtag/ADA?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow">#ADA</a> is about to get a bullish weekly cross for the first time since JUNE 2020 
 The last time this happened it pumped 6,000% over the next 66 weeks<a href="https://twitter.com/hashtag/cardano?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow">#cardano</a> <a href="https://t.co/xQvvbf3b1O" rel="nofollow">pic.twitter.com/xQvvbf3b1O</a> 
 — Tyler Strejilevich (@TylerSCrypto) <a href="https://twitter.com/TylerSCrypto/status/1733286733788107151?ref_src=twsrc%5Etfw" rel="nofollow">December 9, 2023</a>
</blockquote> 
The bullish crossover is yet to happen, and the token still has a few weeks to see how this would play out. Of course, in the volatile world of cryptocurrencies, there’s no guarantee the price will move as predicted. Nevertheless, <a href="https://www.newsbtc.com/news/cardano/cardano-rally-0-75-late-december-analyst-explains/">Cardano is poised for a major rally</a> that could extend into the coming year.&nbsp; 
<img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/nc6fGNal/" alt="Cardano ADA price chart from Tradingview.com" width="3266" height="1530"> 
<h2 id="current-bullish-performance-of-ada">Current Bullish Performance Of ADA</h2> 
Network activity, increase in DeFi TVL, and other factors point to Cardano continuing on its current bull run. It’s important to note that the last time Cardano went on this 6000% price gain, its blockchain network was still behind on smart contract functionality. However, the network has changed since then, with Cardano now <a href="https://bitcoinist.com/analyst-cardano-ada-rise-to-10/" rel="nofollow">one of the fastest-growing blockchains</a> in terms of smart contracts.&nbsp; 
Cardano is currently trading at $0.5754, up by 48.43% in a 7-day timeframe amidst a larger crypto market green week. The crypto <a href="https://bitcoinist.com/cardano-price-sharp-pullback-after-h-18-month-high/" rel="nofollow">briefly touched the $0.6 level</a> on December 9, reaching $0.6323 for the first time this year. It has now formed a minor support at $0.53 and is on its way to revisiting $0.6. 
On the other hand, the total crypto market cap has dropped by 5.75% in the past 24 hours, as Bitcoin <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-holds-support-40k/">inflows slowed down.</a> <a href="https://x.com/ali_charts/status/1734126623492817146?s=20" rel="nofollow">According to a chart shared</a> by crypto analyst Ali Martinez, Bitcoin miners have sold around 1,000 BTC worth $44 million since Friday. At the time of writing, Bitcoin is down by 0.5% in the past 24 hours and 6% from its <a href="https://www.newsbtc.com/bitcoin-news/bitcoin-washout-completed-btc-ready-for-48000/">yearly high of $44,500</a>.

Crypto Analyst Predicts Cardano Price Will Rise 6000% To $33, Here’s The Timeline

Table of Contents

NewsBTC

Other articles published on Dec 12, 2023

XRP Showdown: Will it Weather the Storm or Succumb to the Market

Crypto Prices Crash – Dogecoin Millionaire Predicts 30% Down, Best Altcoins To Buy The Dip

Growing Momentum: Will Cardano Break the $0.60 Barrier? NuggetRush Becomes December’s Best ICO

SSV Network’s Mainnet Launch Redefines Ethereum Staking

How Over-Leveraged Derivatives Degens Caused Another Bitcoin Crash

The Dawn of Distributed Validator Technology: SSV Network’s Impact on Ethereum

Join our free newsletter for daily crypto updates!