{"id":626277,"date":"2024-06-25T11:00:28","date_gmt":"2024-06-25T11:00:28","guid":{"rendered":"https:\/\/wncen.com\/?p=626277"},"modified":"2024-06-25T10:38:59","modified_gmt":"2024-06-25T10:38:59","slug":"cardano-next-move-12000-50","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/cardano\/cardano-next-move-12000-50\/","title":{"rendered":"Analysts Battle Over Cardano\u2019s Next Move: 12,000% Rally Or 50% Crash?"},"content":{"rendered":"

Crypto analysts have given varying opinions on the <\/span>Cardano (ADA) future trajectory<\/span><\/a>. One analyst predicts that the crypto token could enjoy an <\/span>unprecedented price rally<\/span><\/a>. On the other hand, another analyst holds a bearish view and predicts that Cardano could experience a significant price crash.\u00a0<\/span><\/p>\n

Cardano To Enjoy A 12,000% Rally<\/h2>\n

In a <\/span>post<\/span><\/a> on Tradingview, crypto analyst Fiery Trading raised the possibility of <\/span>Cardano<\/span><\/a> rising to as high as $40 and even higher. The analyst highlighted a parallel channel and noted that Cardano could reach the top of this channel in the <\/span>coming bull run<\/span><\/a>, which would cause the crypto token to rise to $40.\u00a0<\/span><\/p>\n

Related Reading: SkyBridge Capital\u2019s Scaramucci Says Bitcoin Will Reach $250,000 Is This US Presidential Candidate Wins<\/a><\/div>\n
\"Cardano\"
Source: Tradingview.com<\/figcaption><\/figure>\n

Fiery Trading admitted that Cardano rising to $40 is not a \u201clikely outcome\u201d but claimed that the risk-reward ratio is worth the risk. He added that <\/span>Cardano\u2019s current price<\/span><\/a> is the \u201centry of a lifetime\u201d and advised crypto investors not to miss out on it.\u00a0<\/span><\/p>\n

In another <\/span>post<\/span><\/a>, Fiery Trading again hammered on Cardano\u2019s current price level as an entry of a lifetime. He claimed that this entry is a \u201cno-brainer\u201d as long as <\/span>Cardano<\/span> keeps trading within that channel. Meanwhile, the crypto analyst highlighted more conservative price targets, pointing out $25 as another price level Cardano could reach, while he mentioned $3 as a target for \u201cmore defensive traders.\u201d<\/span><\/p>\n

ADA Could Drop To As Low As $0.24<\/h2>\n

Crypto analyst Swallow Premium gave a <\/span>bearish outlook for ADA<\/span><\/a>. He noted that the crypto token has finally broken the liquidity zone at around $0.40 and now risks dropping to as low as $0.24. The crypto analyst predicted that Cardano could drop to that price level within a week or two.\u00a0<\/span><\/p>\n

However, <\/span>crypto analyst Sebastian<\/span><\/a> suggested that Cardano might not drop below its current price range. He <\/span>stated<\/span><\/a> that the dump was over and that Cardano and the broader crypto market should enjoy a bounce from their current price level. He noted that the magnitude of the bounce will determine whether or not there may be more downside for ADA.\u00a0<\/span><\/p>\n

The crypto analyst further stated that the next move the market should look forward to is seeing higher lows and higher highs. He claimed that the next target for <\/span>Cardano is $0.40<\/span><\/a> and that the crypto token needs to rise above it and stay there.\u00a0<\/span><\/p>\n

Related Reading: Shiba Inu Enters Accumulation Zone Amid 493% In Shibarium Transaction Fees<\/a><\/div>\n

Crypto analyst Trend Rider<\/span><\/a> also noted that there are \u201cquite a few bounce signals\u201d on Cardano\u2019s daily chart. He stated that Bitcoin needs to stop bleeding for ADA to recover. Bitcoin\u2019s recent drop below $60,000 contributed to the significant declines that altcoins like Cardano experienced.\u00a0<\/span><\/p>\n

At the time of writing, Cardano is trading at around $0.38, up almost 4% in the last 24 hours according to <\/span>data<\/span><\/a> from CoinMarketCap.\u00a0<\/span><\/p>\n

\"Cardano
ADA price at $0.39 | Source: ADAUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Crypto analysts have given varying opinions on the Cardano (ADA) future trajectory. One analyst predicts that the crypto token could enjoy an unprecedented price rally. On the other hand, another analyst holds a bearish view and predicts that Cardano could experience a significant price crash.\u00a0 Cardano To Enjoy A 12,000% Rally In a post on Tradingview, crypto analyst Fiery Trading raised the possibility of Cardano rising to as high as $40 and even higher. The analyst highlighted a parallel channel and noted that Cardano could reach the top of this channel in the coming bull run, which would cause the crypto token to rise to $40.\u00a0 Related Reading: SkyBridge Capital\u2019s Scaramucci Says Bitcoin Will Reach $250,000 Is This US Presidential Candidate Wins Fiery Trading admitted that Cardano rising to $40 is not a \u201clikely outcome\u201d but claimed that the risk-reward ratio is worth the risk. He added that Cardano\u2019s current price is the \u201centry of a lifetime\u201d and advised crypto investors not to miss out on it.\u00a0 In another post, Fiery Trading again hammered on Cardano\u2019s current price level as an entry of a lifetime. He claimed that this entry is a \u201cno-brainer\u201d as long as Cardano keeps trading within that channel. Meanwhile, the crypto analyst highlighted more conservative price targets, pointing out $25 as another price level Cardano could reach, while he mentioned $3 as a target for \u201cmore defensive traders.\u201d ADA Could Drop To As Low As $0.24 Crypto analyst Swallow Premium gave a bearish outlook for ADA. He noted that the crypto token has finally broken the liquidity zone at around $0.40 and now risks dropping to as low as $0.24. The crypto analyst predicted that Cardano could drop to that price level within a week or two.\u00a0 However, crypto analyst Sebastian suggested that Cardano might not drop below its current price range. He stated that the dump was over and that Cardano and the broader crypto market should enjoy a bounce from their current price level. He noted that the magnitude of the bounce will determine whether or not there may be more downside for ADA.\u00a0 The crypto analyst further stated that the next move the market should look forward to is seeing higher lows and higher highs. He claimed that the next target for Cardano is $0.40 and that the crypto token needs to rise above it and stay there.\u00a0 Related Reading: Shiba Inu Enters Accumulation Zone Amid 493% In Shibarium Transaction Fees Crypto analyst Trend Rider also noted that there are \u201cquite a few bounce signals\u201d on Cardano\u2019s daily chart. He stated that Bitcoin needs to stop bleeding for ADA to recover. Bitcoin\u2019s recent drop below $60,000 contributed to the significant declines that altcoins like Cardano experienced.\u00a0 At the time of writing, Cardano is trading at around $0.38, up almost 4% in the last 24 hours according to data from CoinMarketCap.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":626282,"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":[12333,89347,84005,14643,79508,167,12332,89230,12329,6664,26263,14690],"class_list":["post-626277","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-news","tag-cardano-price","tag-crypto","tag-crypto-analyst","tag-crypto-news"],"acf":[],"yoast_head":"\nAnalysts Battle Over Cardano\u2019s Next Move: 12,000% Rally Or 50% Crash?<\/title>\n<meta name=\"description\" content=\"Crypto analysts have given varying opinions on the Cardano (ADA) future trajectory, predicting a surge or a crash.\" \/>\n<meta name=\"robots\" content=\"index, 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. 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":"Analysts Battle Over Cardano\u2019s Next Move: 12,000% Rally Or 50% Crash?","url":"http:\/\/wncen.com\/news\/cardano\/cardano-next-move-12000-50\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/cardano\/cardano-next-move-12000-50\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Cardano_f05747.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Cardano_f05747.jpeg?fit=1792%2C1024"},"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 news","cardano price","crypto","crypto analyst","crypto news"],"dateCreated":"2024-06-25T11:00:28Z","datePublished":"2024-06-25T11:00:28Z","dateModified":"2024-06-25T11:00:28Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Analysts Battle Over Cardano\\u2019s Next Move: 12,000% Rally Or 50% Crash?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/cardano\\\/cardano-next-move-12000-50\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/cardano\\\/cardano-next-move-12000-50\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/Cardano_f05747.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/Cardano_f05747.jpeg?fit=1792%2C1024\"},\"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 news\",\"cardano price\",\"crypto\",\"crypto analyst\",\"crypto news\"],\"dateCreated\":\"2024-06-25T11:00:28Z\",\"datePublished\":\"2024-06-25T11:00:28Z\",\"dateModified\":\"2024-06-25T11:00:28Z\"}<\/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\/06\/Cardano_f05747.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/626277"}],"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=626277"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/626277\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/626282"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=626277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=626277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=626277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}