Cardano

Rally

Parabolic

Bitcoin ETF

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<ul>
 <li>An analyst predicts a 4,000% rally for Cardano (ADA) based on historical data.</li>
 <li>The recent 50% drop in ADA’s price is viewed as a strategic buying opportunity.</li>
 <li>Current ADA trading reveals modest gains, with the $0.5 mark representing a critical pivot point for a bullish trend.</li>
</ul>
<p>Prominent crypto analyst Ali Martinez is stirring excitement in the Cardano (ADA) community with bold predictions of a potential parabolic bull run for the cryptocurrency. He suggests that ADA’s recent 50% price drop presents a golden opportunity for investors keen on capitalizing on past trends.</p>
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Cardano</a> seems ready for a parabolic bull run! Observing historical trends, the 50% price drop <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ADA</a> faced in the past month could be a golden opportunity. <br><br>Let's unpack the details and see why now might be the right time to buy the <a href="https://twitter.com/hashtag/ADA?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ADA</a> dip!</p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1786323540045668405?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 3, 2024</a>
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<p>Notably, he references the year 2019 when ADA consolidated within a parallel channel, signaling the end of a bearish period. Subsequently, the cryptocurrency broke out of this channel, experiencing a substantial 75% increase in value. However, this surge was followed by a 56% correction before ADA embarked on a remarkable 4,095% bull market.</p>
<p>Martinez further emphasizes resemblances with ADA’s price movements in 2023, noting a striking pattern where ADA surged by 72% after breaking out of a parallel channel, followed by a 50% correction. Drawing from these parallels, Martinez expresses optimism regarding ADA’s potential for a staggering 4,000% rally in the near future.&nbsp;</p>
<p>Transitioning to the current trading scenario for ADA, recent data indicates positive albeit nuanced movements. ADA is currently trading at $0.4627, exhibiting a modest 1.86% increase in the past day. The cryptocurrency’s market capitalization has also experienced a slight uptick of 1.9%, totaling $16.5 billion. However, trading volume has decreased by 26.4% to $333 million, signaling a reduction in selling pressure from investors.</p>
<p>With the $0.5 mark looming as a significant barrier, both technically and psychologically, ADA’s ability to surpass this level could serve as a pivotal indicator of a bullish trajectory.</p>
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 <li><a href="https://cryptonewsland.com/how-cardanos-path-to-3-is-reshaping-the-crypto-landscape-in-q4-2023/" rel="noopener noreferrer nofollow">How Cardano’s Path to $3 Is Reshaping the Crypto Landscape in Q4 2023</a></li>
 <li><a href="https://cryptonewsland.com/cardano-set-to-soar-expert-predicts-rally-to-1-5/" rel="noopener noreferrer nofollow">Cardano Set to Soar: Expert Predicts Rally to $1.5</a></li>
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<p>The post <a href="https://cryptonewsland.com/expert-predicts-cardano-set-for-parabolic-surge-following-price-drop/" rel="noopener noreferrer nofollow">Expert Predicts Cardano Set for Parabolic Surge Following Price Drop</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Expert Predicts Cardano Set for Parabolic Surge Following Price Drop

Crypto News Land

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