{"id":561208,"date":"2023-11-17T17:00:23","date_gmt":"2023-11-17T17:00:23","guid":{"rendered":"https:\/\/wncen.com\/?p=561208"},"modified":"2023-11-17T13:13:42","modified_gmt":"2023-11-17T13:13:42","slug":"cardano-breakout-1600-6-5","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/cardano\/cardano-breakout-1600-6-5\/","title":{"rendered":"Cardano Breakout Of Epic Proportions: Analyst Predicts 1600% Rally To $6.5"},"content":{"rendered":"

Crypto analyst Ali Martinez has noted <\/span>Cardano <\/span><\/a>(ADA) is open to an unprecedented rally. Price activity suggests that Cardano is moving into a state of consolidation, which coincides with a <\/span>moderate decline<\/span><\/a> in the general cryptocurrency market.\u00a0<\/span><\/p>\n

Nevertheless, the analyst is of the opinion that Cardano’s current consolidation is similar to one it had prior to a 2980% increase. If previous events are any indicator, we could see Cardano mirror this move and spike past its all-time high.\u00a0<\/span><\/p>\n

Recent Cardano Price Action<\/h2>\n

Cardano is <\/span>still up by 48.47%<\/span><\/a> in a 30-day timeframe, but it has lost 7.21% of its market value in the past 24 hours and is currently trading at $0.372. According to chart analysis by Ali Martinez, the current consolidation looks similar to the 2018-2020 consolidation phase without considering the COVID-19 crash.\u00a0<\/span><\/p>\n

Related Reading: Over 100 Million MATIC Incinerated In POLS Mint, But The Gold Rush Is Far From Over<\/a><\/div>\n

Following the conclusion of this phase, Cardano witnessed price surges in the first quarter of 2021, one of which was a price surge of nearly 100% in seven days in early February 2021. This marked the beginning of a prolonged bullish run that drove Cardano’s price up by more than 2980% and brought it to its <\/span>current all-time high<\/span><\/a> of $3.10 in September 2021.\u00a0<\/span><\/p>\n

\n

#Cardano<\/a>‘s current consolidation trend eerily mirrors the 2018-2020 phase without the COVID-19 crash!<\/p>\n

If so, $ADA<\/a> could break through the $0.45 resistance around the first week of December. The upswing could send #ADA<\/a> to $0.75 by late December.<\/p>\n

Looking to trade this setup? Head\u2026 pic.twitter.com\/u3KzOsZj2F<\/a><\/p>\n

\u2014 Ali (@ali_charts) November 16, 2023<\/a><\/p><\/blockquote>\n

If analyst Ali Martinez is right, Cardano is on the cusp of a massive breakout that could send the price of ADA skyrocketing in the same manner. A look through his price chart shared on social media estimates the price of Cardano surging past the $6.5 level, a surge of more than 1,600%.<\/span><\/p>\n

The journey to this price level is certainly not going to be a smooth one. ADA is going to face major resistance at the $0.45 level, which it has to break through to start with. This won\u2019t be easy, as the coin has already tried and failed to break through this barrier in April. It did go over to reach $0.4533 on April 16, but it fell 15% to 0.383 by April 22nd.<\/span><\/p>\n

Related Reading: Dogecoin Is Literally Going To The Moon: 100% DOGE Price Blast Expected<\/a><\/div>\n

According to the analyst, if a strong price spike were to occur now, ADA could break past $0.45 by the first week of December. If Cardano breaks $0.45, the next stop would be $0.75 by late December, a 66% increase from current levels.\u00a0<\/span><\/p>\n

According to Coinmarketcap’s Fear & Greed Index, the crypto market is now at a greed level of 71. For Cardano to mimic the 2021 bull run, the overall crypto market sentiment would need to maintain this very strong bullish and greed level. Interest in <\/span>altcoins would have to pick up<\/span><\/a>, and Cardano\u2019s progress on <\/span>key milestones<\/span><\/a> like smart contracts and DeFi would need to drive hype.<\/span><\/p>\n

\"Cardano<\/p>\n

ADA trending at $3.7 | Source: ADAUSD on Tradingview.com<\/a><\/pre>\n
Featured image from Forbes, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Crypto analyst Ali Martinez has noted Cardano (ADA) is open to an unprecedented rally. Price activity suggests that Cardano is moving into a state of consolidation, which coincides with a moderate decline in the general cryptocurrency market.\u00a0 Nevertheless, the analyst is of the opinion that Cardano’s current consolidation is similar to one it had prior to a 2980% increase. If previous events are any indicator, we could see Cardano mirror this move and spike past its all-time high.\u00a0 Recent Cardano Price Action Cardano is still up by 48.47% in a 30-day timeframe, but it has lost 7.21% of its market value in the past 24 hours and is currently trading at $0.372. According to chart analysis by Ali Martinez, the current consolidation looks similar to the 2018-2020 consolidation phase without considering the COVID-19 crash.\u00a0 Related Reading: Over 100 Million MATIC Incinerated In POLS Mint, But The Gold Rush Is Far From Over Following the conclusion of this phase, Cardano witnessed price surges in the first quarter of 2021, one of which was a price surge of nearly 100% in seven days in early February 2021. This marked the beginning of a prolonged bullish run that drove Cardano’s price up by more than 2980% and brought it to its current all-time high of $3.10 in September 2021.\u00a0 #Cardano‘s current consolidation trend eerily mirrors the 2018-2020 phase without the COVID-19 crash! If so, $ADA could break through the $0.45 resistance around the first week of December. The upswing could send #ADA to $0.75 by late December. Looking to trade this setup? Head\u2026 pic.twitter.com\/u3KzOsZj2F \u2014 Ali (@ali_charts) November 16, 2023 If analyst Ali Martinez is right, Cardano is on the cusp of a massive breakout that could send the price of ADA skyrocketing in the same manner. A look through his price chart shared on social media estimates the price of Cardano surging past the $6.5 level, a surge of more than 1,600%. The journey to this price level is certainly not going to be a smooth one. ADA is going to face major resistance at the $0.45 level, which it has to break through to start with. This won\u2019t be easy, as the coin has already tried and failed to break through this barrier in April. It did go over to reach $0.4533 on April 16, but it fell 15% to 0.383 by April 22nd. Related Reading: Dogecoin Is Literally Going To The Moon: 100% DOGE Price Blast Expected According to the analyst, if a strong price spike were to occur now, ADA could break past $0.45 by the first week of December. If Cardano breaks $0.45, the next stop would be $0.75 by late December, a 66% increase from current levels.\u00a0 According to Coinmarketcap’s Fear & Greed Index, the crypto market is now at a greed level of 71. For Cardano to mimic the 2021 bull run, the overall crypto market sentiment would need to maintain this very strong bullish and greed level. Interest in altcoins would have to pick up, and Cardano\u2019s progress on key milestones like smart contracts and DeFi would need to drive hype. ADA trending at $3.7 | Source: ADAUSD on Tradingview.com Featured image from Forbes, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":561223,"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":[12333,89347,84005,14643,79508,12332,89230,12329,6664,90172,14690],"class_list":["post-561208","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cardano","tag-ada","tag-ada-news","tag-ada-price","tag-adausd","tag-adausdt","tag-cardano","tag-cardano-news","tag-cardano-price","tag-crypto","tag-crypto-anallyst","tag-crypto-news"],"acf":[],"yoast_head":"\nCardano Breakout Of Epic Proportions: Analyst Predicts 1600% Rally To $6.5<\/title>\n<meta name=\"description\" content=\"Price activity suggests that Cardano is moving into a state of consolidation, 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Cardano Breakout Of Epic Proportions: Analyst Predicts 1600% Rally To $6.5","url":"http:\/\/wncen.com\/news\/cardano\/cardano-breakout-1600-6-5\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/cardano\/cardano-breakout-1600-6-5\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/Cardano.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/Cardano.jpg?fit=958%2C539"},"articleSection":"Cardano","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"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","adausd","adausdt","cardano","cardano news","cardano price","crypto","crypto anallyst","crypto news"],"dateCreated":"2023-11-17T17:00:23Z","datePublished":"2023-11-17T17:00:23Z","dateModified":"2023-11-17T17:00:23Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Cardano Breakout Of Epic Proportions: Analyst Predicts 1600% Rally To $6.5\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/cardano\\\/cardano-breakout-1600-6-5\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/cardano\\\/cardano-breakout-1600-6-5\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/Cardano.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/Cardano.jpg?fit=958%2C539\"},\"articleSection\":\"Cardano\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"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\",\"adausd\",\"adausdt\",\"cardano\",\"cardano news\",\"cardano price\",\"crypto\",\"crypto anallyst\",\"crypto news\"],\"dateCreated\":\"2023-11-17T17:00:23Z\",\"datePublished\":\"2023-11-17T17:00:23Z\",\"dateModified\":\"2023-11-17T17:00:23Z\"}<\/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.jpg?fit=958%2C539","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/561208"}],"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\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=561208"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/561208\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/561223"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=561208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=561208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=561208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}