Based

Cardano

when

Rise

<a href="https://bitcoinist.com/cardano-1800-price-explosion-12/" rel="nofollow">Crypto analyst Trend Rider</a> has drawn Cardano (ADA) holders’ attention to the crypto token’s potential to experience a significant price rally soon enough. Based on Trend Rider’s analysis, <a href="https://bitcoinist.com/cardano-addresses-in-loss-barrels-past-57-amid-market-crash/" rel="nofollow">Cardano</a> could rise to as high as $3 when this happens.&nbsp; 
<h2 id="cardano-to-rise-to-3-if-history-repeats-itself">Cardano To Rise To $3 If History Repeats Itself</h2> 
Trend Rider mentioned in an X (formerly Twitter) <a href="https://x.com/TrendRidersTR/status/1780054558372225236" rel="nofollow">post</a> that if history repeats itself, Cardano might be on the brink of its “ultimate support test” before it makes a parabolic move to the upside. He further suggested that the crypto token could soar to $3, considering the same happened in October 2020 when Cardano’s price dipped to $0.10 and <a href="https://bitcoinist.com/crypto-analyst-sets-5-target-for-cardano-price-how/" rel="nofollow">skyrocketed to $3</a> afterwards.&nbsp;&nbsp; 
The crypto analyst also revealed that <a href="https://bitcoinist.com/cardano-war-chest-growing-why-is-ada-dropping/" rel="nofollow">Cardano</a> was currently experiencing a bullish <a href="https://bitcoinist.com/bitcoin-weekly-relative-strength-more-powerful-than-record-2017-rally/" rel="nofollow">Relative Strength Index</a> (RSI) crossover and retest, which could mean it was indeed gearing up for another parabolic move. This RSI crossover is an indicator that “perfectly predicts bull and bear markets for ADA.” 
<img loading="lazy" decoding="async" class="alignnone wp-image-603854 aligncenter" src="https://www.newsbtc.com/wp-content/uploads/2024/04/Cardano_406842.png?w=460&amp;resize=653%2C366" alt="Cardano" width="653" height="366" srcset="https://www.newsbtc.com/wp-content/uploads/2024/04/Cardano_406842.png?w=512 512w, https://www.newsbtc.com/wp-content/uploads/2024/04/Cardano_406842.png?w=460&amp;resize=653%2C366 460w" sizes="(max-width: 653px) 100vw, 653px" data-recalc-dims="1"> 
Meanwhile, in an earlier <a href="https://x.com/TrendRidersTR/status/1779988276876640344" rel="nofollow">X post</a>, Trend Rider explained how crucial it was for Cardano to hold its current support level. According to him, ADA’s price is “right now at an extremely critical level, and if it fails to hold its current support zone, then it could fall quickly to $0.25.” However, if Cardano manages to hold above this support level, then this could be the “exact bottom right now” before it rises to $1, Trend Rider claimed.&nbsp; 
Trend Rider further elaborated that Cardano’s next move will depend “entirely” on what Bitcoin does. He predicts that altcoins like Carano will experience a “monstrous bounce” if the flagship crypto <a href="https://bitcoinist.com/bitcoin-takes-a-hit-as-fed-puts-rate-cuts-on-hold/" rel="nofollow">rises above $65,000</a> after its current price dip. However, if Bitcoin’s price continues to dip, then it is “bear market mode,” Trend Rider added.&nbsp; 
<h2 id="cardano-won-t-be-in-the-red-forever">Cardano Won’t Be In The Red Forever&nbsp;</h2> 
<a href="https://bitcoinist.com/cardano-recovery-time-to-moon/" rel="nofollow">Crypto analyst Alan Santana</a> has provided some form of optimism to ADA holders, <a href="https://www.tradingview.com/chart/ADAUSD/UODjYu4K-Cardano-Enters-Long-Term-Buy-Zone-For-2025-Bull-Run/" rel="nofollow">stating</a> that the crypto token won’t be red forever. He made this statement while acknowledging that Cardano has maintained a <a href="https://www.newsbtc.com/news/cardano/cardano-crashing-to-0-4/">bearish outlook</a>, having been in the red for seven weeks now. Despite that, he remains bullish on the <a href="https://www.newsbtc.com/news/cardano/cardano-price-about-to-explode/#:~:text=Gambardello%20mentioned%20in%20a%20video,time%20ADA%20made%20a%20breakout.">crypto token’s future trajectory</a> as he predicts that Cardano will experience a “big green” in the “latter part of 2024 and most of 2025.” 
Santana also noted that this was an excellent time to accumulate for those who intend to enjoy the “entire bullish wave.” For those looking to invest in ADA long-term, the crypto analyst highlighted the price range of $0.40 and $0.45 as a good “buy zone.” That is also the price area Santana had <a href="https://www.newsbtc.com/news/cardano/ada-price-0-34-cardano-founder/#:~:text=Cardano%20Founder%20Is%20Bullish%20On%20ADA&amp;text=Hoskinson's%20statement%20came%20in%20response,were%20a%20%E2%80%9Cfair%20vote.%E2%80%9D">previously predicted</a> Cardano could drop to in its bid to find support. 
At the time of writing, Cardano is trading at around $0.45, down almost 2% in the last 24 hours, according to <a href="https://coinmarketcap.com/currencies/cardano/" rel="nofollow">data</a> from CoinMarketCap.&nbsp; 
<img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/kZWtZVS8/" alt="Cardano price chart from Tradingview.com" width="3286" height="1530">

Crypto Analyst Predicts Cardano Rally To $3 As Price Reaches ‘Ultimate Support Test’

Table of Contents

NewsBTC

Other articles published on Apr 18, 2024

Bitcoin longs lead $247m in liquidations as markets lull

Are cyberattacks about to increase?

Ethereum Price: ICO Whale Dumps ETH, A Further Dip Ahead?

PlayStation 5 Pro: Assessing the Potential Impact

Bitcoin’s post halving history – All the highs BTC’s price can and cannot hit

Is Fiat Failing? Analyst Claims Bitcoin Offers Millennials a Financial Lifeline

Join our free newsletter for daily crypto updates!