Cardano

<ul class="news-points"> 
 <li><strong>Ali Martinez revealed that a descending triangle has formed on ADA’s 30 minute chart.</strong></li> 
 <li><strong>The analyst predicted that ADA could soon surge to $0.70.</strong></li> 
 <li><strong>Martinez added that ADA’s bullish momentum will be dampened if it shows weakness around $0.613.</strong></li> 
</ul> 
<p>Ali Martinez, a renowned cryptocurrency trader and analyst, revealed in an X post yesterday that a descending triangle has formed on the thirty minute chart for Cardano (ADA). Although this is a bearish pattern, the analyst predicted that it could lead to ADA soaring to $0.700 if it manages to sustain a position above $0.638.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Cardano</a> is forming a descending triangle on the lower time frames. A sustained close above $0.638 could trigger a bullish breakout, potentially propelling <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ADA</a> toward $0.700.<br><br>However, keep a close eye on the $0.613 support. Any weakness at this level could dampen the <a href="https://twitter.com/hashtag/ADA?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#ADA</a>… <a href="https://t.co/Z1FRNRXdQm" target="_blank" rel="nofollow">pic.twitter.com/Z1FRNRXdQm</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1735740572147515658?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">December 15, 2023</a>
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<p>Martinez did, however, urge traders to keep a close eye on the $0.613 support level. ADA showing any signs of weakness at this level may “dampen” ADA’s bullish momentum, added the analyst.</p> 
<p>Over the past 24 hours, <a href="https://coinmarketcap.com/currencies/cardano/" target="_blank" rel="nofollow">ADA</a> was trading slightly below the key…</p>
<p>The post <a href="https://coinedition.com/ada-may-be-gearing-up-for-a-bullish-move-analyst-targets-0-70/">ADA May Be Gearing Up for a Bullish Move, Analyst Targets $0.70</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

ADA May Be Gearing Up for a Bullish Move, Analyst Targets $0.70

Coin Edition

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