Cardano

Ignite

Polkadot

Rekt

<p>Cardano (ADA) has seen significant upside momentum over the past two weeks, rallying over 60% after breaking out of its accumulation range, <a href="https://newsletter.rektcapital.co/altcoin-newsletter-157/" target="_blank" rel="nofollow">according</a> to market analyst Rekt Capital. On December 1st, Rekt Capital had noted how ADA was pressing up against resistance of its accumulation range. </p> 
<p>Now, ADA has successfully broken out and quickly rallied to test the next resistance level.</p> 
<p>As Rekt Capital points out, <a class="wpil_keyword_link" href="https://captainaltcoin.com/cardano-ada-price-prediction/" title="ADA" data-wpil-keyword-link="linked" target="_blank">ADA</a> perfectly followed the projected path in orange, rallying to test the next resistance level before pulling back to retest the breakout level as new support. With this successful retest complete, ADA appears poised to continue marching higher.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="726" src="https://captainaltcoin.com/wp-content/uploads/2023/12/image-438-1024x726.png" alt="" class="wp-image-399758" srcset="https://captainaltcoin.com/wp-content/uploads/2023/12/image-438-1024x726.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-438-300x213.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-438-767x544.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-438-1536x1089.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-438-2048x1452.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-438-140x100.png 140w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-438-212x150.png 212w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-438-100x71.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-438-494x350.png 494w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-438-788x558.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-438.png 1786w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>The strong rally comes amid an overall market upswing, with ADA outperforming many major cryptocurrencies. Over the past week alone, ADA has gained 15%. If bullish momentum continues, ADA could soon challenge $1 resistance.</p> 
<h2 class="wp-block-heading" id="polkadot-follows-predicted-path-after-55-breakout-rally">Polkadot Follows Predicted Path After 55% Breakout Rally</h2> 
<p>Polkadot (DOT) has also been surging higher over the past few weeks, rallying 55% since its October breakout, notes Rekt Capital. After breaking out of its previous trading range, DOT successfully retested prior resistance as new support—a textbook confirmation of its trend change.</p> 
<p>Now, as Rekt Capital points out, DOT has perfectly followed the projected path higher, turning prior resistance into new support. This successful backtest of the $6 level has opened the doors for DOT to continue rallying within its new uptrend.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="726" src="https://captainaltcoin.com/wp-content/uploads/2023/12/image-439-1024x726.png" alt="" class="wp-image-399766" srcset="https://captainaltcoin.com/wp-content/uploads/2023/12/image-439-1024x726.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-439-300x213.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-439-767x544.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-439-1536x1089.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-439-2048x1452.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-439-140x100.png 140w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-439-212x150.png 212w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-439-100x71.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-439-494x350.png 494w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-439-788x558.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-439.png 1786w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>Sure enough, DOT has already gained 7% just this week as its upside momentum accelerates. With DOT holding above key support levels, analysts are turning bullish on its outlook. More upside appears likely as DOT trends higher towards next big resistance level at $10.</p> 
<p>The recent price action for both ADA and DOT underscores their status as market leaders during this latest crypto upswing. As two of the strongest performing major altcoins, further rallies could be ahead for both. Their trajectories will be important to watch as a barometer of overall market sentiment.</p> 
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style=""> 
 <div class="col_wrap_two mb0"> 
  <div class="offerbox_big_wrap flowhidden"> 
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"> <a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a> 
   </div> 
   <div class="product-summary col_item mobileblockdisplay"> 
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-nofollow-sponsored-span-we-recommend-etoro-span-a"> <a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> <span>We recommend eToro</span> </a> </h3> 
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     <strong>74% of retail CFD accounts lose money.</strong>
    </div> 
    <div class="buttons_col mb25 rh_big_btn_inline"> 
     <div class="priced_block clearfix"> 
      <div> <a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="nofollow sponsored"> Visit eToro Now </a> 
      </div> 
     </div> 
    </div> 
    <div class="bigofferdesc">
     <i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. 
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy thetrades of leading traders, for free.
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<p>The post <a href="https://captainaltcoin.com/cardano-ada-and-polkadot-dot-ignite-fresh-crypto-rally-gaining-over-50-each-what-analysts-are-saying/">Cardano (ADA) and Polkadot (DOT) Ignite Fresh Crypto Rally, Gaining Over 50% Each: What Analysts Are Saying</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Cardano (ADA) and Polkadot (DOT) Ignite Fresh Crypto Rally, Gaining Over 50% Each: What Analysts Are Saying

Table of Contents

CaptainAltcoin

Other articles published on Dec 15, 2023

Shiba Inu's Shibarium Boosted by Exciting Wallet Connect Feature

Significant Network Interruption on Ethereum’s Layer-2 Arbitrum One

GRT Price Tests $0.17 Barrier, Eyes 40% Breakout Rally!

Bonk Airdrop Fuels Frenzied Demand for Solana Smartphone

Blockchain Life 2024 will gather a record 8000 attendees in Dubai

First Trust seeks SEC approval for Bitcoin ‘Buffer ETF’ to safeguard investors

Join our free newsletter for daily crypto updates!