Based

Cardano

2024

Coin

<ul class="news-points">
 <li><strong>The Aroon indicator signaled a possible rise to $0.60 in the short term.</strong></li>
 <li><strong>ADA formed a descending triangle, indicating a possible stop to the lower highs.</strong></li>
 <li><strong>ADA’s price pulled back from $0.53 but the bullish bias has not been invalidated.</strong></li>
</ul>
<p>According to crypto analyst Ali Martinez, <a href="https://coinedition.com/cardano-ada-price-stuck-at-0-48-amid-bull-bear-battle/" rel="noopener noreferrer nofollow">Cardano (ADA)</a> could be ready to make a 32% rally to $0.68. Martinez mentioned this in a post dated February 8. The analyst gave reasons for his prediction using the trend displayed on the ADA/USDT daily chart.</p>
<p>Based on the chart he shared, Cardano has formed a descending triangle that could close above $0.53. He added that if the price does not drop below the said value, ADA could climb to $0.68 in the short term.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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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="noopener noreferrer nofollow">#Cardano</a> shows signs of a descending triangle formation on its daily chart. A sustained daily close above $0.53 could lead to the start of a 32% rally, potentially pushing <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ADA</a> up to $0.68! <a href="https://t.co/DoizuVPiRI" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/DoizuVPiRI</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1755483608163184775?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">February 8, 2024</a>
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  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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</figure>
<h3 class="wp-block-heading" id="h-will-the-downtrend-end"><a></a><strong>Will the Downtrend End?</strong></h3>
<p>The above-mentioned descending triangle implied that ADA had formed a bearish pattern characterized by a descending upper trendline and lower highs that were horizontal.</p>
<p>This pattern usual…</p>
<p>The post <a href="https://coinedition.com/cardano-ada-to-0-68-is-the-price-increase-possible/" rel="noopener noreferrer nofollow">Cardano (ADA) to $0.68? Is the Price Increase Possible?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Cardano (ADA) to $0.68? Is the Price Increase Possible?

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