<p>Cardano’s native cryptocurrency ADA has been a notable participant in the 2024 altcoin market rally. The <a href="https://coingape.com/price/cardano/" target="_blank" rel="noopener noreferrer nofollow">Cardano (ADA) price</a> is currently trading at $0.7682, boasting a market cap of $27.2 billion. Additionally, Cardano has seen a significant surge in 24-hour trading volumes, climbing by 40% to $2 billion.</p>
<h3 id="cardano-ada-price-gears-up-for-parabolic-rally">Cardano (ADA) Price Gears Up for Parabolic Rally</h3>
<p>According to insights shared by crypto analyst Ali Martinez, Cardano ($ADA) appears to be replicating its previous bullish cycle. Martinez suggests that if this pattern persists, investors may anticipate a short-term correction before witnessing a significant uptrend toward the $10 mark for ADA. This means that the ADA price could rally another 2000% from the current levels.</p>
<p>Martinez’s analysis provides valuable insights for investors and enthusiasts tracking the performance of Cardano in the cryptocurrency market.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Cardano</a> seems to be mirroring its previous bullish cycle. If this pattern continues, we could witness a brief correction before <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ADA</a> goes parabolic toward $10! <a href="https://t.co/6kDxDhxsEg" rel="noopener noreferrer nofollow">pic.twitter.com/6kDxDhxsEg</a></p>
 <p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1764736034594545961?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 4, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Since late January, the Cardano (ADA) cryptocurrency has showcased a remarkable resurgence. After bottoming out at $0.444, the price has surged by 75% in just 41 days, reaching its current level of $0.783, offering a significant turnaround for investors. This opens up the gates for the ADA price to <a href="https://coingape.com/markets/cardano-price-escape-from-22-month-rally-1/" target="_blank" rel="noopener noreferrer nofollow">rally to $1</a> and beyond.</p>
<p>Furthermore, the recent ADA price surge comes on the backdrop of strong whale activity. According to crypto analyst <a rel="noopener noreferrer nofollow" href="https://twitter.com/ali_charts/status/1763928869705281810" target="_blank">Ali Martinez</a>, the uptrend in Cardano seems robust. There has been a significant increase in daily active addresses, transaction volume, and transactions from ADA whales. This surge in activity indicates a high level of network engagement and investor interest, suggesting positive signs for sustained growth.</p>
<h3 id="ada-price-action-ahead">ADA Price Action Ahead</h3>
<p>Cardano appears to be following an Elliot wave pattern, with the potential to surpass the crucial resistance level at $0.8 and target $0.9 in the coming weeks. The recent rebound from lows aligns with the 3rd wave of the Elliot wave theory, signaling a move toward local highs. The weekly stochastic RSI is on the rise, indicating further upward momentum, while the bullish trend is supported by the DMI as +Di &amp; -Di levels diverge. Additionally, the ADX nearing upper resistance suggests a possible trend reversal after reaching local milestones.</p>
<p><img decoding="async" class="aligncenter size-full wp-image-184117" src="https://coingape.com/wp-content/uploads/2024/03/ADAUSDT.png" alt="" width="1600" height="778" srcset="https://coingape.com/wp-content/uploads/2024/03/ADAUSDT.png 1600w, https://coingape.com/wp-content/uploads/2024/03/ADAUSDT-300x146.png 300w, https://coingape.com/wp-content/uploads/2024/03/ADAUSDT-1224x595.png 1224w, https://coingape.com/wp-content/uploads/2024/03/ADAUSDT-768x373.png 768w, https://coingape.com/wp-content/uploads/2024/03/ADAUSDT-1536x747.png 1536w, https://coingape.com/wp-content/uploads/2024/03/ADAUSDT-150x73.png 150w" sizes="(max-width: 1600px) 100vw, 1600px"></p>
<p>Moreover, increasing volume levels suggest heightened trader activity, implying potential volatility in the near term. As prices aim for the key resistance at $0.905, some bearish pressure may lead to consolidation between $0.92 and $0.96 for a period.</p>
<p>The post <a href="https://coingape.com/cardano-ada-price-gearing-for-2000-gains-to-10-as-per-historical-chart/" rel="noopener noreferrer nofollow">Cardano (ADA) Price Gears Up for 2000% Gains to $10 As Per Historical Chart</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.</p>

Cardano (ADA) Price Gears Up for 2000% Gains to $10 As Per Historical Chart

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