{"id":560431,"date":"2023-11-13T23:00:44","date_gmt":"2023-11-13T23:00:44","guid":{"rendered":"https:\/\/wncen.com\/?p=560431"},"modified":"2023-11-13T13:21:59","modified_gmt":"2023-11-13T13:21:59","slug":"8800-35-cardano-ada","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/8800-35-cardano-ada\/","title":{"rendered":"Analyst Predicts 8800% Ascent to $35 Cardano (ADA), Here\u2019s When"},"content":{"rendered":"

Crypto analyst Fiery Trading has revealed a very bullish outlook<\/a> for the Cardano (ADA) price. The digital asset which has been having a reasonably good run over the last few weeks is expected to shatter expectations as the analyst puts the price at $35.<\/p>\n

Crypto Analyst Predicts 8800% Climb To $35 For ADA<\/h2>\n

Fiery Trading\u2019s latest Cardano (ADA) prediction<\/a> right be one of the most bullish for the digital asset<\/a> this year. ADA, the native token of the Cardano network, is currently trading at $0.388 and if the crypto analyst\u2019s prediction proves true, then it\u2019ll be an 8,800% rise to $35.<\/p>\n

Related Reading: Top 5 Meme Coins That Are Outperforming The Altcoin Rally<\/a><\/div>\n

The analyst presents the argument that ADA had already bottomed out last month and this is why the price has been in an uptrend. They place the bottom for the price downtrend at the bottom support of the parallel channel which happened right before the price recovery started.<\/p>\n

\"Cardano<\/p>\n

Source: Tradingview.com<\/a><\/pre>\n
As the analyst explains, \u201cThe parallel channel is formed by drawing a line between the two bull-market tops, and copying that exact line towards the Corona dump’s bottom.\u201d So with this, ADA has confirmed the pattern, which is very bullish for the digital asset.<\/p>\n
Fiery Trading explains that it is this trend that could drive the Cardano price toward the new all-time high of $35. However, this is not happening soon as the crypto analyst expects that the next market top for ADA during the bull market<\/a> will happen sometime in 2025. Nevertheless, the analyst expects ADA to follow this pattern and ride it all the way above $35.<\/p>\n
\"Cardano<\/p>\n
ADA bears gains upper hand | Source: ADAUSD on Tradingview.com<\/a><\/pre>\n
Cardano Bullishness Spreads<\/h2>\n
Fiery Trading\u2019s prediction above $30 is not the first to emerge for the Cardano price. Another analyst Lucid had also presented a similar argument that the ADA price could climb above $30<\/a>. However, where Fiery Trading used the parallel channel confirmation as a basis for their analysis, Lucid argued that Cardano had the potential to surge to $30 if \u201ceven Ethereum with all its issues hit $500 billion!\u201d<\/p>\n
Related Reading: Shiba Inu Burn Rate Flatlines With 99.35% Drop, Here\u2019s Why<\/a><\/div>\n
Investors seem to agree with this outlook as they have increased their accumulation over the last month. Notably, Cardano whales spent over $600 million to buy 1.89 billion ADA<\/a> in one month. These large investors also increased the frequency of their transactions and the fact that the price continued to climb amid this suggested that they were buying rather than selling.<\/p>\n
This growing confidence from investors and the fact that Cardano remains one of the top networks<\/a> in terms of developments suggests that it is primed for an intense breakout. It also means that the digital asset is well-positioned to do well in the bull run.<\/p>\n
Follow Best Owie on X (formerly Twitter)<\/a> for market insights, updates, and the occasional funny tweet\u2026 Featured image from Coinpedia, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Crypto analyst Fiery Trading has revealed a very bullish outlook for the Cardano (ADA) price. The digital asset which has been having a reasonably good run over the last few weeks is expected to shatter expectations as the analyst puts the price at $35. Crypto Analyst Predicts 8800% Climb To $35 For ADA Fiery Trading\u2019s latest Cardano (ADA) prediction right be one of the most bullish for the digital asset this year. ADA, the native token of the Cardano network, is currently trading at $0.388 and if the crypto analyst\u2019s prediction proves true, then it\u2019ll be an 8,800% rise to $35. Related Reading: Top 5 Meme Coins That Are Outperforming The Altcoin Rally The analyst presents the argument that ADA had already bottomed out last month and this is why the price has been in an uptrend. They place the bottom for the price downtrend at the bottom support of the parallel channel which happened right before the price recovery started. Source: Tradingview.com As the analyst explains, \u201cThe parallel channel is formed by drawing a line between the two bull-market tops, and copying that exact line towards the Corona dump’s bottom.\u201d So with this, ADA has confirmed the pattern, which is very bullish for the digital asset. Fiery Trading explains that it is this trend that could drive the Cardano price toward the new all-time high of $35. However, this is not happening soon as the crypto analyst expects that the next market top for ADA during the bull market will happen sometime in 2025. Nevertheless, the analyst expects ADA to follow this pattern and ride it all the way above $35. ADA bears gains upper hand | Source: ADAUSD on Tradingview.com Cardano Bullishness Spreads Fiery Trading\u2019s prediction above $30 is not the first to emerge for the Cardano price. Another analyst Lucid had also presented a similar argument that the ADA price could climb above $30. However, where Fiery Trading used the parallel channel confirmation as a basis for their analysis, Lucid argued that Cardano had the potential to surge to $30 if \u201ceven Ethereum with all its issues hit $500 billion!\u201d Related Reading: Shiba Inu Burn Rate Flatlines With 99.35% Drop, Here\u2019s Why Investors seem to agree with this outlook as they have increased their accumulation over the last month. Notably, Cardano whales spent over $600 million to buy 1.89 billion ADA in one month. These large investors also increased the frequency of their transactions and the fact that the price continued to climb amid this suggested that they were buying rather than selling. This growing confidence from investors and the fact that Cardano remains one of the top networks in terms of developments suggests that it is primed for an intense breakout. It also means that the digital asset is well-positioned to do well in the bull run. Follow Best Owie on X (formerly Twitter) for market insights, updates, and the occasional funny tweet\u2026 Featured image from Coinpedia, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":560440,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83371,16896,3],"tags":[12333,89347,84005,86092,14643,79508,167,12332,84164,89230,12329,16230,6664,26263,14690],"class_list":["post-560431","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ada","category-cardano","category-news","tag-ada","tag-ada-news","tag-ada-price","tag-ada-price-prediction","tag-adausd","tag-adausdt","tag-analyst","tag-cardano","tag-cardano-network","tag-cardano-news","tag-cardano-price","tag-cardano-price-prediction","tag-crypto","tag-crypto-analyst","tag-crypto-news"],"acf":[],"yoast_head":"\nAnalyst Predicts 8800% Ascent to $35 Cardano (ADA), Here\u2019s When<\/title>\n<meta name=\"description\" content=\"Crypto analyst Fiery Trading 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This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/wncen.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Analyst Predicts 8800% Ascent to $35 Cardano (ADA), Here\u2019s When","url":"http:\/\/wncen.com\/news\/8800-35-cardano-ada\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/8800-35-cardano-ada\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/Cardano-ADA-price-1.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/Cardano-ADA-price-1.jpeg?fit=1200%2C628"},"articleSection":"ADA","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ada","ada news","ada price","ada price prediction","adausd","adausdt","analyst","cardano","cardano network","cardano news","cardano price","cardano price prediction","crypto","crypto analyst","crypto news"],"dateCreated":"2023-11-13T23:00:44Z","datePublished":"2023-11-13T23:00:44Z","dateModified":"2023-11-13T23:00:44Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Analyst Predicts 8800% Ascent to $35 Cardano (ADA), Here\\u2019s When\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/8800-35-cardano-ada\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/8800-35-cardano-ada\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/Cardano-ADA-price-1.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/Cardano-ADA-price-1.jpeg?fit=1200%2C628\"},\"articleSection\":\"ADA\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ada\",\"ada news\",\"ada price\",\"ada price prediction\",\"adausd\",\"adausdt\",\"analyst\",\"cardano\",\"cardano network\",\"cardano news\",\"cardano price\",\"cardano price prediction\",\"crypto\",\"crypto analyst\",\"crypto news\"],\"dateCreated\":\"2023-11-13T23:00:44Z\",\"datePublished\":\"2023-11-13T23:00:44Z\",\"dateModified\":\"2023-11-13T23:00:44Z\"}<\/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\/11\/Cardano-ADA-price-1.jpeg?fit=1200%2C628","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/560431"}],"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\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=560431"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/560431\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/560440"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=560431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=560431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=560431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}