{"id":596002,"date":"2024-03-02T15:30:13","date_gmt":"2024-03-02T15:30:13","guid":{"rendered":"https:\/\/wncen.com\/?p=596002"},"modified":"2024-03-02T14:24:08","modified_gmt":"2024-03-02T14:24:08","slug":"crypto-analyst-predicts-parabolic-rally-for-cardano-heres-the-timeline","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/cardano\/crypto-analyst-predicts-parabolic-rally-for-cardano-heres-the-timeline\/","title":{"rendered":"Crypto Analyst Predicts Parabolic Rally For Cardano – Here\u2019s The Timeline"},"content":{"rendered":"

Several analysts have expressed optimism, suggesting that Cardano (ADA) is poised for a bullish market surge<\/a> in the near term.<\/p>\n

ADA recently went on an <\/span>impressive spike<\/span><\/a> on the last day of February, registering a 14% gain to push its price above $0.7 for the first time since May 2022.\u00a0<\/span><\/p>\n

Related Reading: BNB Barrels Past $400, As Binance TVL Nears $5 Billion \u2013 Details<\/a><\/div>\n

Despite these gains, there have been concerns from some investors of ADA potentially falling behind in its performance relative to Bitcoin in the last bull cycle. Popular crypto analyst Dan Gambardello addressed some of these concerns in a <\/span>recent video<\/span><\/a> posted on X. He mentioned that Cardano is currently within a typical trend and that a bull indicator which is expected to welcome a parabolic price spike would soon be triggered.<\/span><\/p>\n

Parabolic Rally For Cardano<\/b><\/h2>\n

Gambardello’s recent video analysis came mostly to address concerns about ADA’s <\/span>underperformance <\/span><\/a>in this bull cycle. Particularly, parallels were made to the last time Bitcoin reached $60,000 in March and ADA was trading around $1.30 to $1.98. <\/span><\/p>\n

However, this hasn’t repeated itself and traders are beginning to wonder if ADA will attract the same bullish sentiment. Bitcoin has <\/span>now broken past<\/span><\/a> the $60,000 mark again and ADA finds itself in the $0.66 to $0.7 region.\u00a0<\/span><\/p>\n

Gambardello emphasized <\/span>Ethereum’s past action<\/span><\/a> as a comparison, noting that the cryptocurrency is one cycle ahead of Cardano. In that context, when Bitcoin neared its former all-time high of $17,000 in the last cycle in 2021, Ethereum was at $500. This seemingly underperformed its previous performance without raising a cause for concern from investors, as ETH was at $700 when BTC reached an all-time high of $17,000 in 2017.\u00a0<\/span><\/p>\n

He remarked that since ADA is currently mirroring Ethereum’s last cycle, the current price movement is normal. He also noted that most altcoins are getting ready to power through.\u00a0<\/span><\/p>\n

Ultimately, the analyst noted that a bullish break of structure just occurred on ADA’s weekly chart. The last time this happened in 2021, ADA went on a price surge from $0.15 to $1.5.\u00a0\u00a0\u00a0\u00a0<\/span><\/p>\n

<\/p>\n

Bitcoin is now trading at $61.777. Chart: TradingView.com<\/a><\/pre>\n
Current State Of Cardano<\/strong><\/h2>\n
Gambardello noted in his analysis that while the break of structure indicator got triggered above $0.7, ADA saw a minor correction shortly after. In light of this, he made the observation that a significant disruption of structure might take place within the next three days.<\/span><\/p>\n
Remarkably, ADA has in fact broken out of the $0.7 price level since the analyst posted his video online. At the time of writing, ADA is trading at $0.74, up by 10% in the past 24 hours. Particularly, ADA reached above $0.76 in the past 24 hours.\u00a0<\/span><\/p>\n
Related Reading: Dogwifhat What? Memecoin Barges Into 86th Spot With 320% Rally \u2013 What\u2019s Going On?<\/a><\/div>\n
The Cardano blockchain recently <\/span>crossed over<\/span><\/a> 10 million blocks. ADA is now on its way to <\/span>continue on massive gains<\/span><\/a> along with the rest of the crypto market.\u00a0<\/span><\/p>\n
Featured image from Pexels, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Several analysts have expressed optimism, suggesting that Cardano (ADA) is poised for a bullish market surge in the near term. ADA recently went on an impressive spike on the last day of February, registering a 14% gain to push its price above $0.7 for the first time since May 2022.\u00a0 Related Reading: BNB Barrels Past $400, As Binance TVL Nears $5 Billion \u2013 Details Despite these gains, there have been concerns from some investors of ADA potentially falling behind in its performance relative to Bitcoin in the last bull cycle. Popular crypto analyst Dan Gambardello addressed some of these concerns in a recent video posted on X. He mentioned that Cardano is currently within a typical trend and that a bull indicator which is expected to welcome a parabolic price spike would soon be triggered. Parabolic Rally For Cardano Gambardello’s recent video analysis came mostly to address concerns about ADA’s underperformance in this bull cycle. Particularly, parallels were made to the last time Bitcoin reached $60,000 in March and ADA was trading around $1.30 to $1.98. However, this hasn’t repeated itself and traders are beginning to wonder if ADA will attract the same bullish sentiment. Bitcoin has now broken past the $60,000 mark again and ADA finds itself in the $0.66 to $0.7 region.\u00a0 Gambardello emphasized Ethereum’s past action as a comparison, noting that the cryptocurrency is one cycle ahead of Cardano. In that context, when Bitcoin neared its former all-time high of $17,000 in the last cycle in 2021, Ethereum was at $500. This seemingly underperformed its previous performance without raising a cause for concern from investors, as ETH was at $700 when BTC reached an all-time high of $17,000 in 2017.\u00a0 He remarked that since ADA is currently mirroring Ethereum’s last cycle, the current price movement is normal. He also noted that most altcoins are getting ready to power through.\u00a0 Ultimately, the analyst noted that a bullish break of structure just occurred on ADA’s weekly chart. The last time this happened in 2021, ADA went on a price surge from $0.15 to $1.5.\u00a0\u00a0\u00a0\u00a0 Bitcoin is now trading at $61.777. Chart: TradingView.com Current State Of Cardano Gambardello noted in his analysis that while the break of structure indicator got triggered above $0.7, ADA saw a minor correction shortly after. In light of this, he made the observation that a significant disruption of structure might take place within the next three days. Remarkably, ADA has in fact broken out of the $0.7 price level since the analyst posted his video online. At the time of writing, ADA is trading at $0.74, up by 10% in the past 24 hours. Particularly, ADA reached above $0.76 in the past 24 hours.\u00a0 Related Reading: Dogwifhat What? Memecoin Barges Into 86th Spot With 320% Rally \u2013 What\u2019s Going On? The Cardano blockchain recently crossed over 10 million blocks. ADA is now on its way to continue on massive gains along with the rest of the crypto market.\u00a0 Featured image from Pexels, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":596004,"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":[12333,12332,2888,3505],"class_list":["post-596002","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cardano","tag-ada","tag-cardano","tag-market-analysis","tag-price-analysis"],"acf":[],"yoast_head":"\nCrypto Analyst Predicts Parabolic Rally For Cardano<\/title>\n<meta name=\"description\" content=\"Several analysts have expressed optimism, suggesting that Cardano (ADA) is poised for a bullish market surge in the near term. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Crypto Analyst Predicts Parabolic Rally For Cardano – Here\u2019s The Timeline","url":"http:\/\/wncen.com\/news\/cardano\/crypto-analyst-predicts-parabolic-rally-for-cardano-heres-the-timeline\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/cardano\/crypto-analyst-predicts-parabolic-rally-for-cardano-heres-the-timeline\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/a_f2162b.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/a_f2162b.jpg?fit=6187%2C4125"},"articleSection":"Cardano","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ada","cardano","market analysis","price analysis"],"dateCreated":"2024-03-02T15:30:13Z","datePublished":"2024-03-02T15:30:13Z","dateModified":"2024-03-02T15:30:13Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Crypto Analyst Predicts Parabolic Rally For Cardano – Here\\u2019s The Timeline\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/cardano\\\/crypto-analyst-predicts-parabolic-rally-for-cardano-heres-the-timeline\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/cardano\\\/crypto-analyst-predicts-parabolic-rally-for-cardano-heres-the-timeline\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/a_f2162b.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/a_f2162b.jpg?fit=6187%2C4125\"},\"articleSection\":\"Cardano\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ada\",\"cardano\",\"market analysis\",\"price analysis\"],\"dateCreated\":\"2024-03-02T15:30:13Z\",\"datePublished\":\"2024-03-02T15:30:13Z\",\"dateModified\":\"2024-03-02T15:30:13Z\"}<\/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\/03\/a_f2162b.jpg?fit=6187%2C4125","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/596002"}],"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\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=596002"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/596002\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/596004"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=596002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=596002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=596002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}