Cardano

Bitcoin

Read

<p class="is-style-lead">A popular YouTube crypto analyst known as LuckSide Crypto believes Cardano has entered a new bullish era and is poised for significant gains in the coming years.</p> 
<p>In a video posted on Nov. 30, the analyst pointed to Cardano’s (ADA) price chart, noting that it has broken out above a long-term bearish trendline that had been in place since August 2022. He said ADA has shown sustainability trading above this level over the past week, even retesting it as support.</p> 
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
 <div class="wp-block-embed__wrapper"> <iframe title="CARDANO ADA - WE FINALLY DID IT!!! A NEW ERA BEGINNING!" width="1020" height="574" src="https://www.youtube.com/embed/kHwfsZKvjZo?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
 </div>
</figure> 
<blockquote class="wp-block-quote"> 
 <p>ADA’s on the very bullish side of things right now. We’re above that 20-day moving average. We’ve seen very bullish crosses over the last, what, five weeks?</p> 
</blockquote> 
<p> You might also like: <a href="https://crypto.news/analyst-likens-upcoming-xrp-run-to-bitcoin/"> Analyst likens upcoming XRP run to Bitcoin </a> </p> 
<p>The analyst highlighted bullish moving average crosses on the 20-day, 50-day, 100-day, and 200-day timeframes as technical indicators all flipping positive. He believes this signals the start of a new uptrend in ADA.</p> 
<p>The price of Bitcoin (<a href="https://crypto.news/price/bitcoin/">BTC</a>) also remains key, according to the video, as the overall crypto market tends to trade in correlation with it. The analyst noted that Bitcoin had just printed a new yearly high around $38,400. He believes if Bitcoin can close the year out strong, it could provide momentum for altcoins like ADA as well.</p> 
<p>Additionally, the analyst cited several potential bullish catalysts on the horizon that could fuel crypto gains. These included a Bitcoin spot ETF, conclusion of the Ripple (<a href="https://crypto.news/price/xrp/">XRP</a>) lawsuit, and continuing cryptocurrency adoption.</p> 
<p>The trader believes prices seen during this year’s bear market will be “nothing” compared to next year’s if the bull run resumes as expected. While short-term pullbacks are still possible, he says the chances of revisiting the cycle lows under 20 cents are increasingly unlikely at this stage.</p> 
<p> Read more: <a href="https://crypto.news/will-ustc-stay-bullish-analyst-weighs-in/"> Will USTC stay bullish? Analyst weighs in </a> </p>

Analyst: Bull run incoming for ADA

crypto.news

2023년 11월 30일에 게재된 다른 기사

AI Portrait Generators: Next-Gen Technology for Art and Photography

@NFT Account Makes Resounding Return to Instagram (30 Nov)

Decentralized mining pool OCEAN by Jack Dorsey joins Bitcoin hash rate surge

Top Meme Coins Await The Next Bull Run: DOGE, SHIB and PEPE Price Analysis

What is Prometeus Coin?

Flare Labs Begins Testing FAssets on Coston Testnet Paving Way for Non-Smart Contracts to Flare

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!