Cardano

Rally

bullish

Coin

Divergence

<ul class="wp-block-list news-points">
 <li>Nick Valdez signals a possible Cardano (ADA) rally due to bullish divergence on the ADA-BTC chart.</li>
 <li>Macroeconomic trends, including a high likelihood of an interest rate cut, could boost ADA’s appeal.</li>
 <li>The launch of the Snake.Fun platform in the Cardano ecosystem may further drive investor excitement.</li>
</ul>
Cardano (ADA) may be gearing up for a major price surge, according to analyst Nick Valdez. In a <a href="https://youtu.be/WIGlS4MpHcI?si=GJ68otAFcegY7HcN" target="_blank" rel="noopener noreferrer nofollow">podcast</a>, Valdez outlined three key factors suggesting Cardano could see substantial gains in the coming months: historical chart patterns, macroeconomic conditions, and the launch of a new project on the Cardano network.
<h2 class="wp-block-heading" id="h-bullish-divergence-signals-major-upside-potential">Bullish Divergence Signals Major Upside Potential</h2>
Valdez’s analysis centers around a rare bullish divergence on the ADA-BTC daily chart. According to Valdez, the last time this pattern occurred in 2020, Cardano rallied over 1,000% against Bitcoin. This divergence, where prices are dropping but the relative strength index indicator is rising, suggests that despite the price declines, momentum is building.
Notably, this analysis comes at a time when ADA investors are facing significant losses. ADA is down over 19.2% in the last 90 days and 42.26% …
The post <a href="https://coinedition.com/analyst-predicts-mega-rally-for-cardano-ada-cites-key-3-catalysts/" rel="noopener noreferrer nofollow">Analyst Predicts Mega Rally for Cardano (ADA), Cites Key 3 Catalysts</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Analyst Predicts Mega Rally for Cardano (ADA), Cites Key 3 Catalysts

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