Cardano

Shiba Inu

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 <p>Crypto analyst and trader Ali Martinez is expressing bullish sentiment on Cardano (ADA) and one low-cap altcoin.</p>
 <p>Starting with the eighth-largest crypto asset by market cap, Martinez tells his 35,700 followers on the X social media platform that “with no significant resistance barriers in sight, the path looks clear for ADA to move higher”.</p>
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 <p>According to Martinez, the key resistance levels that lie ahead for Cardano are $0.80 and $1 and once overcome, will open a “window for ADA to shine”.</p>
 <p>Per a chart citing data from blockchain analytics platform IntoTheBlock, about 90.76% of Cardano holders that bought the crypto asset at between $0.553 and $0.754 are in profit at an earlier ADA price of $0.653.</p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GBTDmbxXYAAI2o7?format=jpg&amp;name=small" alt="" width="1063" height="499">
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   Source: Ali Martinez/X
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 <p>Cardano is trading at $0.645 at time of writing.</p>
 <p>Turning to the iris biometric cryptocurrency project Worldcoin (WLD), Martinez says that the 162nd-largest digital asset by market cap could be on the cusp of a bullish move.</p>
 <p><i>“A massive exchange outflow of 3.6 million WLD has coincided with a spike in whale transactions. This may indicate WLD whales are gearing up for a big price move.”</i></p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GBTHsxYXYAAU5IW?format=jpg&amp;name=small" alt="" width="1063" height="499">
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   Source: Ali Martinez/X
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 <p>Worldcoin is trading at $2.66 at time of writing.</p>
 <p>Next up is Shiba Inu (SHIB). Martinez says that the 18th-largest crypto asset by market cap has traded for about 15 months in a descending parallel channel, a pattern that is typically bearish. According to Martinez, Shiba Inu is now attempting to break out of the descending parallel channel.</p>
 <p><i>“A decisive weekly close above this level [$0.000011] could signal a bullish breakout, propelling SHIB towards $0.000014. However, if it faces rejection here, we might see a pullback to $0.000008 before the bullish breakout.”</i></p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img loading="lazy" decoding="async" class="wp-image-190710 size-full" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GBVQW-bW4AA9AkE?format=jpg&amp;name=small" alt="" width="1063" height="499">
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   Source: Ali Martinez/X
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 <p>Shiba Inu is trading at $0.00000992 at time of writing.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/trader-says-path-looks-clear-for-cardano-to-move-higher-predicts-big-price-move-for-controversial-altcoin-tbt73887.html">https://thebittimes.com/trader-says-path-looks-clear-for-cardano-to-move-higher-predicts-big-price-move-for-controversial-altcoin-tbt73887.html</a></p>

Trader Says Path Looks Clear for Cardano To Move Higher, Predicts ‘Big Price Move’ for Controversial Altcoin

TheBitTimes

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