{"id":569783,"date":"2024-01-16T22:00:42","date_gmt":"2024-01-16T22:00:42","guid":{"rendered":"https:\/\/wncen.com\/?p=569783"},"modified":"2024-01-16T13:03:12","modified_gmt":"2024-01-16T13:03:12","slug":"cardano-future-very-bullish","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/cardano\/cardano-future-very-bullish\/","title":{"rendered":"Analyst Predicts Cardano Future Using Historic Trends, And It’s Very Bullish"},"content":{"rendered":"

A crypto analyst has <\/span>provided insights<\/span><\/a> into why this year will be \u201cmassive\u201d for <\/span>Cardano (ADA)<\/span><\/a> based on historical data. The analyst also highlighted how patience was key, as ADA could replicate a similar run like the one it did when it saw a gain of 8,288% following about two years of consolidation.\u00a0<\/span><\/p>\n

2024 Could Be Another Breakout Year For Cardano<\/h2>\n

In a recent <\/span>video<\/span><\/a>, the analyst behind the Crypto ZX YouTube channel alluded to ADA\u2019s history as he provided a bullish narrative for the crypto token in this new year. He spoke about how Cardano launched at the peak of the <\/span>2018 bull market<\/span><\/a> but didn\u2019t make any significant gains until two years later.\u00a0<\/span><\/p>\n

Related Reading: Bitcoin To Reach $1 Million In Days To Weeks, Crypto Analyst<\/a><\/div>\n

ADA is said to have broken below the $0.11 support months after its launch and ranged within that time frame from around <\/span>August 2018<\/span><\/a> to June 2020. After that, things began to pick up for the crypto token as it went up by 8,288% on its way to hitting its all-time of $3 in 2021.<\/span><\/p>\n

Based on this, the analyst urged <\/span>ADA investors<\/span><\/a> to be patient as he expects ADA to <\/span>break out anytime soon<\/span><\/a> and enjoy a parabolic move. He warned these investors against being like those who currently have regrets about not holding when ADA was at its lowest, considering that some of those who held made millions.\u00a0<\/span><\/p>\n

\"Cardano<\/p>\n

ADA price at $0.53 | Source: ADAUSD on Tradingview.com<\/a><\/pre>\n
One Last Chance To Accumulate Before The Next Bull Run<\/h2>\n
The Crypto ZX analyst mentioned that the bear market cycle ends at the 78.6 <\/span>Fibonacci retracement level<\/span><\/a>. However, he noted that ADA is currently struggling to break that level as the selling pressure around that range is huge, and there is not enough demand for ADA. Going by previous cycles, he stated that \u201cexplosions\u201d could come by May or June.<\/span><\/p>\n
Related Reading: Crypto Analyst Says A Solana Price Will Climb To $750, Here\u2019s When<\/a><\/div>\n
In his opinion, though, he believes that Cardano could get to that Fibonacci level before those months. However, he doesn\u2019t expect \u201cmassive moves\u201d until May at least. With this in mind and the fact that there could be another \u201cshake-off\u201d before <\/span>Bitcoin Halving<\/span><\/a>, the analyst believes this is a great opportunity to accumulate as many ADA tokens as possible.\u00a0<\/span><\/p>\n
Meanwhile, the \u201cexciting times\u201d will be in the third and fourth quarter of the year, as that is where this crypto analyst is personally targeting (possibly to take profits). He also predicted that this bull market would be the biggest of all time as he believes that <\/span>other cryptocurrencies<\/span><\/a>, including Cardano, could get their <\/span>Spot ETF<\/span><\/a>.\u00a0<\/span><\/p>\n
At the time of writing, ADA is trading at around $0.532, down in the last 24 hours, according to <\/span>data<\/span><\/a> from CoinMarketCap.\u00a0<\/span><\/p>\n
Featured image from Daily Hodl, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
A crypto analyst has provided insights into why this year will be \u201cmassive\u201d for Cardano (ADA) based on historical data. The analyst also highlighted how patience was key, as ADA could replicate a similar run like the one it did when it saw a gain of 8,288% following about two years of consolidation.\u00a0 2024 Could Be Another Breakout Year For Cardano In a recent video, the analyst behind the Crypto ZX YouTube channel alluded to ADA\u2019s history as he provided a bullish narrative for the crypto token in this new year. He spoke about how Cardano launched at the peak of the 2018 bull market but didn\u2019t make any significant gains until two years later.\u00a0 Related Reading: Bitcoin To Reach $1 Million In Days To Weeks, Crypto Analyst ADA is said to have broken below the $0.11 support months after its launch and ranged within that time frame from around August 2018 to June 2020. After that, things began to pick up for the crypto token as it went up by 8,288% on its way to hitting its all-time of $3 in 2021. Based on this, the analyst urged ADA investors to be patient as he expects ADA to break out anytime soon and enjoy a parabolic move. He warned these investors against being like those who currently have regrets about not holding when ADA was at its lowest, considering that some of those who held made millions.\u00a0 ADA price at $0.53 | Source: ADAUSD on Tradingview.com One Last Chance To Accumulate Before The Next Bull Run The Crypto ZX analyst mentioned that the bear market cycle ends at the 78.6 Fibonacci retracement level. However, he noted that ADA is currently struggling to break that level as the selling pressure around that range is huge, and there is not enough demand for ADA. Going by previous cycles, he stated that \u201cexplosions\u201d could come by May or June. Related Reading: Crypto Analyst Says A Solana Price Will Climb To $750, Here\u2019s When In his opinion, though, he believes that Cardano could get to that Fibonacci level before those months. However, he doesn\u2019t expect \u201cmassive moves\u201d until May at least. With this in mind and the fact that there could be another \u201cshake-off\u201d before Bitcoin Halving, the analyst believes this is a great opportunity to accumulate as many ADA tokens as possible.\u00a0 Meanwhile, the \u201cexciting times\u201d will be in the third and fourth quarter of the year, as that is where this crypto analyst is personally targeting (possibly to take profits). He also predicted that this bull market would be the biggest of all time as he believes that other cryptocurrencies, including Cardano, could get their Spot ETF.\u00a0 At the time of writing, ADA is trading at around $0.532, down in the last 24 hours, according to data from CoinMarketCap.\u00a0 Featured image from Daily Hodl, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":569792,"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":[12333,89347,84005,14643,79508,167,12332,91195,89230,12329,6664,26263,14690],"class_list":["post-569783","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-analyst","tag-cardano","tag-cardano-forecast","tag-cardano-news","tag-cardano-price","tag-crypto","tag-crypto-analyst","tag-crypto-news"],"acf":[],"yoast_head":"\nAnalyst Predicts Cardano Future Using Historic Trends, And It's Very Bullish<\/title>\n<meta name=\"description\" content=\"A crypto analyst has provided insights into why this year will be \u201cmassive\u201d for Cardano (ADA) based on historical 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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":"Analyst Predicts Cardano Future Using Historic Trends, And It’s Very Bullish","url":"http:\/\/wncen.com\/news\/cardano\/cardano-future-very-bullish\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/cardano\/cardano-future-very-bullish\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/Cardano-Small.jpeg?resize=200%2C188","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/Cardano-Small.jpeg?fit=320%2C188"},"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","analyst","cardano","cardano forecast","cardano news","cardano price","crypto","crypto analyst","crypto news"],"dateCreated":"2024-01-16T22:00:42Z","datePublished":"2024-01-16T22:00:42Z","dateModified":"2024-01-16T22:00:42Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Analyst Predicts Cardano Future Using Historic Trends, And It’s Very Bullish\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/cardano\\\/cardano-future-very-bullish\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/cardano\\\/cardano-future-very-bullish\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/Cardano-Small.jpeg?resize=200%2C188\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/Cardano-Small.jpeg?fit=320%2C188\"},\"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\",\"analyst\",\"cardano\",\"cardano forecast\",\"cardano news\",\"cardano price\",\"crypto\",\"crypto analyst\",\"crypto news\"],\"dateCreated\":\"2024-01-16T22:00:42Z\",\"datePublished\":\"2024-01-16T22:00:42Z\",\"dateModified\":\"2024-01-16T22:00:42Z\"}<\/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\/2024\/01\/Cardano-Small.jpeg?fit=320%2C188","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/569783"}],"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=569783"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/569783\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/569792"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=569783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=569783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=569783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}