{"id":567259,"date":"2023-12-28T15:30:10","date_gmt":"2023-12-28T15:30:10","guid":{"rendered":"https:\/\/wncen.com\/?p=567259"},"modified":"2023-12-28T13:05:32","modified_gmt":"2023-12-28T13:05:32","slug":"crypto-analyst-predicts-major-price-shift-for-cardano-ada","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/cardano\/crypto-analyst-predicts-major-price-shift-for-cardano-ada\/","title":{"rendered":"Crypto Analyst Predicts Major Price Shift For Cardano (ADA)"},"content":{"rendered":"

LuckSide, a crypto analyst, has weighed in on the price action of <\/span>Cardano (ADA)<\/span><\/a>, giving an analysis of the near-term price performance of the crypto asset.\u00a0<\/span><\/p>\n

Cardano (ADA) Poised For Bullish Or Bearish Trajectory<\/span><\/h2>\n

The crypto analyst recently <\/span>shared<\/span><\/a> his predictions for Cardano (ADA) with the crypto community during one of his YouTube videos. In the YouTube video – \u201cCARDANO ADA \u2013 MOMENT OF TRUTH!,\u201d LuckSide asserted that ADA is at a critical crossroads.<\/span><\/p>\n

Related Reading: Crypto Analyst Predicts Cardano (ADA) Price Will Rise 1700% To $11, Gives Reasons Why<\/a><\/div>\n

The analyst revealed a technical projection that indicates <\/span>ADA<\/span><\/a> is about to undergo a major price shift. According to him, this is either a bullish or a bearish trajectory in the near future.<\/span><\/p>\n

LuckSide finds signals that are pointing in the direction of a significant price shift, after analyzing ADA’s price charts. This analysis is centered on the significant price gap in the Cardano native token.<\/span><\/p>\n

\"Cardano\"
ADA chart suggests potential price move | Source: LuckSide on Youtube<\/a><\/figcaption><\/figure>\n

LuckSide asserted that the gap is “where the highest concentration of liquidity is located for ADA.” This is marked by ongoing selling pressure at the resistance level between “$0.60 and $0.67,” in sharp contrast to a $0.40 level.\u00a0<\/span><\/p>\n

This gap denotes an unexplored area and suggests a potential strong move, given ADA’s price history. He noted that Cardano could either rise to test the resistance level around $0.70 or drop to the $0.40 support level.<\/span><\/p>\n

The crypto expert also pointed out signs of robustness and strength of ADA in his video. The stability of pivotal support levels and moving averages underscores the strength of the crypto asset.<\/span><\/p>\n

The larger market indicators, such as the volatility and price stability of <\/span>Bitcoin (BTC)<\/span><\/a>, further support this resiliency. The analyst also attributed the market’s movement to the impending <\/span>Bitcoin Halving<\/span><\/a> event in Mid-2024, due to its market impact.\u00a0<\/span><\/p>\n

However, LuckSide notes that unforeseen circumstances have the potential to change ADA’s direction while conceding the unpredictability of the market. He further added that although, a decline to $0.40 “might create opportunities to buy the token at a lesser price.”<\/span><\/p>\n

The Network’s Growth Is Similar To Bitcoin<\/span><\/h2>\n

Charles Hoskinson<\/span><\/a>, the founder of Cardano recently <\/span>underscored<\/span><\/a> the network’s growth, acknowledging that it mimics the natural growth of Bitcoin. The founder took to X (formerly Twitter) to celebrate the network’s performance with the community.<\/span><\/p>\n

Related Reading: Insights On ADA\u2019s Security Concerns: Cardano Founder And Ripple CTO Exchange Views<\/a><\/div>\n

In the X post, Hoskinson stated that he has been observing with “glee as some people worry about Cardano’s blocks filling up.” He further reminded the community about the criticism of the network being a useless “ghost chain,” with no liquidity.<\/span><\/p>\n

Hoskinson has assured the community that “Cardano is designed to handle these loads.” He noted a “huge design space” that optimizes the network and DApps for greater scalability in the short and long term.<\/span><\/p>\n

In addition, he has highlighted the network’s victories without Venture Capital (VCs), the media, or influencers.\u00a0<\/span><\/p>\n

\"Cardano\"
ADA trading at $0.634 on the 1D chart | Source: ADAUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image from iStock, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

LuckSide, a crypto analyst, has weighed in on the price action of Cardano (ADA), giving an analysis of the near-term price performance of the crypto asset.\u00a0 Cardano (ADA) Poised For Bullish Or Bearish Trajectory The crypto analyst recently shared his predictions for Cardano (ADA) with the crypto community during one of his YouTube videos. In the YouTube video – \u201cCARDANO ADA \u2013 MOMENT OF TRUTH!,\u201d LuckSide asserted that ADA is at a critical crossroads. Related Reading: Crypto Analyst Predicts Cardano (ADA) Price Will Rise 1700% To $11, Gives Reasons Why The analyst revealed a technical projection that indicates ADA is about to undergo a major price shift. According to him, this is either a bullish or a bearish trajectory in the near future. LuckSide finds signals that are pointing in the direction of a significant price shift, after analyzing ADA’s price charts. This analysis is centered on the significant price gap in the Cardano native token. LuckSide asserted that the gap is “where the highest concentration of liquidity is located for ADA.” This is marked by ongoing selling pressure at the resistance level between “$0.60 and $0.67,” in sharp contrast to a $0.40 level.\u00a0 This gap denotes an unexplored area and suggests a potential strong move, given ADA’s price history. He noted that Cardano could either rise to test the resistance level around $0.70 or drop to the $0.40 support level. The crypto expert also pointed out signs of robustness and strength of ADA in his video. The stability of pivotal support levels and moving averages underscores the strength of the crypto asset. The larger market indicators, such as the volatility and price stability of Bitcoin (BTC), further support this resiliency. The analyst also attributed the market’s movement to the impending Bitcoin Halving event in Mid-2024, due to its market impact.\u00a0 However, LuckSide notes that unforeseen circumstances have the potential to change ADA’s direction while conceding the unpredictability of the market. He further added that although, a decline to $0.40 “might create opportunities to buy the token at a lesser price.” The Network’s Growth Is Similar To Bitcoin Charles Hoskinson, the founder of Cardano recently underscored the network’s growth, acknowledging that it mimics the natural growth of Bitcoin. The founder took to X (formerly Twitter) to celebrate the network’s performance with the community. Related Reading: Insights On ADA\u2019s Security Concerns: Cardano Founder And Ripple CTO Exchange Views In the X post, Hoskinson stated that he has been observing with “glee as some people worry about Cardano’s blocks filling up.” He further reminded the community about the criticism of the network being a useless “ghost chain,” with no liquidity. Hoskinson has assured the community that “Cardano is designed to handle these loads.” He noted a “huge design space” that optimizes the network and DApps for greater scalability in the short and long term. In addition, he has highlighted the network’s victories without Venture Capital (VCs), the media, or influencers.\u00a0 Featured image from iStock, chart from Tradingview.com<\/p>\n","protected":false},"author":608,"featured_media":567260,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16896],"tags":[12333,14643,79508,428,8856,1119,12332,1623,91006,4355,4363,12413],"class_list":["post-567259","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cardano","tag-ada","tag-adausd","tag-adausdt","tag-bitcoin","tag-bitcoin-halving","tag-btc","tag-cardano","tag-dapps","tag-luckside","tag-vc","tag-venture-capital","tag-youtube"],"acf":[],"yoast_head":"\nCrypto Analyst Predicts Major Price Shift For Cardano (ADA)<\/title>\n<meta name=\"description\" content=\"LuckSide, a prominent cryptocurrency 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I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They\u2019ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won\u2019t trade them for anything else in this world. I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments. When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency. Trust me, I\u2019ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that\u2019s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets. My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies. Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people - people who make an impact in my life no matter how little it is. One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I'm so good at it. I am also very good at singing, dancing, acting, fashion and others. I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone's life. I don't chase illusions, I chase dreams. I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I\u2019m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top. I aspire to be a boss someday, having people work under me just as I\u2019ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.","sameAs":["https:\/\/x.com\/NFTwerey"],"url":"https:\/\/wncen.com\/author\/godspowerowie\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Crypto Analyst Predicts Major Price Shift For Cardano (ADA)","url":"http:\/\/wncen.com\/news\/cardano\/crypto-analyst-predicts-major-price-shift-for-cardano-ada\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/cardano\/crypto-analyst-predicts-major-price-shift-for-cardano-ada\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/12\/iStock-1336958377.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/12\/iStock-1336958377.jpg?fit=2121%2C1414"},"articleSection":"Cardano","author":[{"@type":"Person","name":"Godspower Owie"}],"creator":["Godspower Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ada","adausd","adausdt","bitcoin","bitcoin halving","btc","cardano","dapps","luckside","vc","venture capital","youtube"],"dateCreated":"2023-12-28T15:30:10Z","datePublished":"2023-12-28T15:30:10Z","dateModified":"2023-12-28T15:30:10Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Crypto Analyst Predicts Major Price Shift For Cardano (ADA)\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/cardano\\\/crypto-analyst-predicts-major-price-shift-for-cardano-ada\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/cardano\\\/crypto-analyst-predicts-major-price-shift-for-cardano-ada\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/iStock-1336958377.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/iStock-1336958377.jpg?fit=2121%2C1414\"},\"articleSection\":\"Cardano\",\"author\":[{\"@type\":\"Person\",\"name\":\"Godspower Owie\"}],\"creator\":[\"Godspower Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ada\",\"adausd\",\"adausdt\",\"bitcoin\",\"bitcoin halving\",\"btc\",\"cardano\",\"dapps\",\"luckside\",\"vc\",\"venture capital\",\"youtube\"],\"dateCreated\":\"2023-12-28T15:30:10Z\",\"datePublished\":\"2023-12-28T15:30:10Z\",\"dateModified\":\"2023-12-28T15:30:10Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/12\/iStock-1336958377.jpg?fit=2121%2C1414","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/567259"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/608"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=567259"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/567259\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/567260"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=567259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=567259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=567259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}