Cardano

Cryptocurrency

Rally

when

Captain

<p>Cryptocurrency expert <a href="https://x.com/CryptoFaibik/status/1806953268435964409" target="_blank" rel="noopener noreferrer nofollow">Captain Faibik</a> has seen a bullish pattern in Cardano price action. The technical analyst suggests that Cardano could be ready to spike 80%.</p>
<p>His analysis shows a falling wedge pattern on Cardano’s daily chart, which has been in place for some weeks. The pattern has been serving as resistance to price as the price has continued to fall.&nbsp;</p>
<p>A falling wedge pattern is made of two descending trendlines one serving as support and the other as resistance. When the price breaks above the resistance, it usually signals the beginning of a long bullish run. However, the length of the move could depend on other fundamental and on-chain factors.&nbsp;</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="493" src="https://captainaltcoin.com/wp-content/uploads/2024/06/image-1198-1024x493.png" alt="" class="wp-image-518522" srcset="https://captainaltcoin.com/wp-content/uploads/2024/06/image-1198-1024x493.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-1198-300x144.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-1198-767x369.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-1198-1536x739.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-1198-2048x985.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-1198-312x150.png 312w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-1198-100x48.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-1198-727x350.png 727w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-1198-788x379.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-1198.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>As seen in the chart, converging lines of the formation also signal that the pattern is getting weakened and a breakout is imminent. With this in place, the analyst sees the price breaking out soon. He stated:&nbsp;</p>
<p><em>&nbsp;“ADA Falling Wedge formation on the Daily timeframe Chart..!! Expecting Breakout soon, So Keep an eye on it.”</em></p>
<h2 class="wp-block-heading" id="price-target-suggests-substantial-gains">Price Target Suggests Substantial Gains</h2>
<p>Based on Captain Faibik’s chart, the price could spike to around $0.7, which is around an 80% spike from its current point.</p>
<p>Although such analysis could keep the community hopeful about a coming rally, Cardano’s price action has been slow. The sluggishness is similar to <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">XRP</a> Price action, which responds slowly to bullish trends but is always quick to fall when the market turns bearish.</p>
<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">
   New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
  </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><strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">Milei Moneda</a></strong> is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president&nbsp;known for his libertarian and pro-Bitcoin stance. You have an opportunity with the <strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">ongoing low presale price</a></strong> to get in early!</p>
    <p><em>Sponsored</em></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><strong><em>Also Read: <a href="https://captainaltcoin.com/where-the-kaspa-kas-price-is-headed-next/" target="_blank" rel="noopener noreferrer nofollow">Where The Kaspa (KAS) Price Is Headed Next</a></em></strong></p>
<h2 class="wp-block-heading" id="short-term-consolidation-may-delay-breakout">Short-Term Consolidation May Delay Breakout</h2>
<p>Another factor to consider when trying to take a bullish stance on ADA is that the price has been trading sideways between $0.36 and $0.4 for close to 2 weeks.</p>
<p>The price may need to break above this consolidation first before traders start to look at ways to exploit the upcoming move.</p>
<p><em><strong>Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<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/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" 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-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </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/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/crypto-analyst-predicts-cardano-ada-price-to-rally-80/" rel="noopener noreferrer nofollow">Crypto Analyst Predicts Cardano (ADA) Price To Rally 80%</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Crypto Analyst Predicts Cardano (ADA) Price To Rally 80%

Table of Contents

CaptainAltcoin

Autres articles publiés le 30 juin 2024

Hamster Kombat and PixelTap Could Mirror Notcoin Listing Success, Traders Expect Significant Gains

Solana Just Dethroned Ethereum in This Key Metric

Signing Up for the Best Presale in July 2024? Investors Of Floki Inu And Stacks Make The Move To ...

Altcoins Set for 100% Profits Next Week!

Crypto Colosseum: Polkadot Plummets, Kaspa Charges, MoonBag Reigns Supreme With the Top Crypto Pr...

Analysts Say: BlockDAG’s 30,000x ROI Rockets Past Cardano and Polygon’s Bearish Blues!

Join our free newsletter for daily crypto updates!