Cardano

altFINS

Secure

Echoes

Router Protocol

<p>Crypto trader <strong>Ali</strong> <a href="https://twitter.com/ali_charts/status/1744508532488065346" target="_blank" rel="noopener noreferrer nofollow">draws</a> attention to Cardano’s intriguing price action, suggesting a resemblance to its 2018–2020 pattern. The trend prompts speculation of ADA consolidating around current levels until April, potentially paving the way for a resumption of the bull run.</p>
<p>Cardano’s price action draws parallels with the pattern witnessed between 2018 and 2020. If this historical echo persists, the expectation is that ADA could undergo a consolidation phase, maintaining current levels until April. Such a scenario could set the stage for a bullish resurgence.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="524" src="https://captainaltcoin.com/wp-content/uploads/2024/01/image-242-1024x524.png" alt="" class="wp-image-417136" srcset="https://captainaltcoin.com/wp-content/uploads/2024/01/image-242-1024x524.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-242-300x154.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-242-768x393.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-242-1536x786.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-242-2048x1048.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-242-293x150.png 293w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-242-100x51.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-242-684x350.png 684w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-242-788x403.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-242.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p><em>altFINS</em> provides a detailed technical analysis, offering insights into the near-term outlook, pattern type, and trade setup for <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>.</p>
<ul>
 <li><strong>Near Term Outlook:</strong> Bullish</li>
 <li><strong>Pattern Type:</strong> Pullback in Uptrend</li>
 <li><strong>Pattern Stage:</strong> Emerging</li>
</ul>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Don’t Sleep on this Explosive Crypto Airdrop!&nbsp; <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>Install the <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="Getgrass" href="https://captainaltcoin.com/go/getgrass/" data-shortcode="true"><strong>GetGrass extension</strong></a> ASAP – the more points you score, the bigger your free crypto payoff! This red-hot airdrop could set you up for the future, but only if you <strong><a href="https://captainaltcoin.com/go/getgrass/" target="_blank" rel="noopener noreferrer nofollow">take action</a></strong> right now!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p>Despite a bearish breakout from an Ascending Triangle pattern, Cardano’s price remains in an overall uptrend. The recent pullback near the $0.46 support level presents an attractive entry point for swing traders, with a potential upside target of $0.65.</p>
<p>The recommended Stop Loss (SL) is set at $0.43, with traders advised to set a price alert for timely action.</p>
<ul>
 <li><strong>Trend:</strong> Downtrend in the Short-Term; Uptrend in the Medium- and Long-Term</li>
 <li><strong>Momentum:</strong> Bearish (MACD Line below MACD Signal Line, RSI below 45)</li>
 <li><strong>Nearest Support Zone:</strong> $0.46 (previous resistance), followed by $0.40 – $0.42</li>
 <li><strong>Nearest Resistance Zone:</strong> $0.65, then $0.75</li>
</ul>
<p>The cautious optimism from Ali’s observation, coupled with altFINS’ detailed analysis, provides a comprehensive view of the Cardano price.</p>
<p>You may also be interested in:</p>
<ul>
 <li><a href="https://captainaltcoin.com/router-protocol-bullish-following-matics-early-success-why-route-will-secure-coinbase-listing-this-year/" target="_blank" rel="noopener noreferrer nofollow">Router Protocol Bullish Following MATIC’s Early Success: Why ROUTE Will Secure Coinbase Listing This Year</a></li>
 <li><a href="https://captainaltcoin.com/bitcoin-hits-46000-for-first-time-in-over-two-years-on-etf-approval-hopes/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin Hits $46,000 For First Time In Over Two Years On ETF Approval Hopes</a></li>
 <li><a href="https://captainaltcoin.com/holders-from-pepe-pepe-dogecoin-doge-and-uniswap-uni-rush-to-jump-into-early-stages-of-pushd-pushd-presale/" target="_blank" rel="noopener noreferrer nofollow">Holders From Pepe (PEPE), Dogecoin (DOGE), and Uniswap (UNI) Rush To Jump Into Early Stages Of Pushd (PUSHD) Presale</a></li>
</ul>
<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="noopener noreferrer nofollow"> <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-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <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="noopener noreferrer nofollow"> 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-price-action-echoes-its-2018-2020-pattern-analyst-says-ada-could-consolidate-at-current-levels-till-this-date-if-the-trend-continues/" rel="noopener noreferrer nofollow">Cardano Price Action Echoes Its 2018-2020 Pattern, Analyst Says ADA Could Consolidate At Current Levels Till This Date If The Trend Continues</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Cardano Price Action Echoes Its 2018-2020 Pattern, Analyst Says ADA Could Consolidate At Current Levels Till This Date If The Trend Continue...

Table of Contents

CaptainAltcoin

Other articles published on Jan 9, 2024

SEC Comments on Bitcoin ETF Applications Suggest Possible Delays – Here’s What to Expect

XRP Forecasted to Double in Value; Injective (INJ) and InQubeta (QUBE) Brace for an Upcoming Rally

Avalanche (AVAX) Sees a Solid Year Amidst Partnerships and Price Fluctuations

$JTC Network, a New Layer 1 Blockchain Focused on Legal Enforcement, To List On BitMart Exchange

Generative AI and LLMs: Transforming Healthcare and Bridging the Gap

Analyst Predicts Major Corrections for Bitcoin and Ethereum After Recent Rallies

Join our free newsletter for daily crypto updates!