{"id":644512,"date":"2024-09-25T23:30:05","date_gmt":"2024-09-25T23:30:05","guid":{"rendered":"https:\/\/wncen.com\/?p=644512"},"modified":"2024-09-25T10:51:59","modified_gmt":"2024-09-25T10:51:59","slug":"cardano-buy-parabolic-rally","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/cardano\/cardano-buy-parabolic-rally\/","title":{"rendered":"Crypto Analyst Identifies Cardano Buy Signal And Parabolic Rally To Send ADA Price To $5"},"content":{"rendered":"

As the altcoin season approaches, <\/span>Cardano (ADA) is gaining momentum<\/span><\/a>, having recorded more than a 14% increase in the past week, according to CoinMarketCap. Notably, a crypto analyst has identified a strong buy signal for ADA, suggesting that it could potentially set off a <\/span>parabolic rally<\/span><\/a> that might drive the price of Cardano to new all-time highs around $5.\u00a0\u00a0<\/span><\/p>\n

Cardano New Buy Signal To Trigger Rally To $5<\/h2>\n

On September 24, crypto analyst, TradingShot <\/span>published<\/span><\/a> a detailed analysis and report on Cardano\u2019s price movements, centering on key technical indicators to predict the <\/span>cryptocurrency\u2019s future price<\/span><\/a>. According to the analyst, Cardano is currently flashing one of the most powerful long-term <\/span>buy signals<\/span><\/a> possible on the weekly time frame.<\/span><\/p>\n

Related Reading: Shiba Inu Symmetrical Triangle Pattern Reappears, Why A 200% Rally Is Possible<\/a><\/div>\n

Based on this strong buy signal and other technical indicators, the crypto analyst predicts that <\/span>Cardano<\/span><\/a> could begin a new parabolic rally in the coming weeks. The expectation is that the higher highs trend line will set a resistance level for <\/span>ADA\u2019s price movements<\/span><\/a>, potentially catalyzing an increase to $5.\u00a0\u00a0<\/span><\/p>\n

Highlighting these technical indicators, TradingShot revealed that Cardano\u2019s 1W Logarithmic Moving Average Convergence Divergence (LMACD) is finally forming a bullish cross. In Cardano\u2019s case, this bullish cross is the first formed since October 9, 2023, and is currently signaling a strong buy signal that could <\/span>push ADA towards an uptrend<\/span><\/a>.\u00a0\u00a0<\/span><\/p>\n

Moving on, Cardano\u2019s Relative Strength Index (RSI), a momentum indicator that measures the speed and change of an asset\u2019s price movements, has been \u201cranging\u201d since May 2024. This means that the cryptocurrency has been trading below the 1W 50-period Moving Average (MA50) on the weekly chart.\u00a0<\/span><\/p>\n

Based on these key technical indicators, TradingShot has drawn a parallel between the previous crypto bull cycle and Cardano\u2019s recent price movements. He observed that <\/span>ADA\u2019s current market conditions<\/span><\/a> were almost the same as during the 2021 bull cycle. At the time, a bullish Megaphone appeared on a 1W LMACD bullish cross, followed by a bottom formation triggered by a 1W MA50\/MA100 bullish cross while the 1W RSI was in a consolidation phase.\u00a0\u00a0<\/span><\/p>\n

As a result, the analyst has suggested that these recurring technical indicators were a signal that Cardano may be gearing up for a <\/span>massive price rally<\/span><\/a>. He boldly forecasted that ADA would rise from its current price of $0.38 to $5, marking its next top for this bull cycle.\u00a0<\/span><\/p>\n

Analyst Says \u201cADA Will Hit $1 Before Christmas\u201d<\/h2>\n

In contrast to TradingShot\u2019s ambitious $5 <\/span>price prediction for ADA<\/span><\/a>, another crypto analyst, identified as \u2018Deezy.eth\u2019 on X (formerly Twitter), has <\/span>offered<\/span><\/a> a more conservative outlook for the cryptocurrency. Deezy.eth predicts that Cardano will hit $1 before December 25, 2024.\u00a0<\/span><\/p>\n

Related Reading: Bitcoin Prediction: Crypto Pundit Reveals Why $100,000 Is The Nominal Price Level For 2025<\/a><\/div>\n
\"Cardano\"
Source: X<\/figcaption><\/figure>\n

The analyst has grounded his optimistic projections on several factors which he considers <\/span>bullish propellants for Cardano<\/span><\/a>.This includes ADA\u2019s weekly time frame bullish divergence, the start of rate cuts after four years, the recent launch of the <\/span>Cardano Chang hard fork<\/span><\/a> and the reduced appeal of ADA\u2019s \u201clow float, and high FDV.\u201d\u00a0<\/span><\/p>\n

\"Cardano
ADA price at $0.38 | 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":"

As the altcoin season approaches, Cardano (ADA) is gaining momentum, having recorded more than a 14% increase in the past week, according to CoinMarketCap. Notably, a crypto analyst has identified a strong buy signal for ADA, suggesting that it could potentially set off a parabolic rally that might drive the price of Cardano to new all-time highs around $5.\u00a0\u00a0 Cardano New Buy Signal To Trigger Rally To $5 On September 24, crypto analyst, TradingShot published a detailed analysis and report on Cardano\u2019s price movements, centering on key technical indicators to predict the cryptocurrency\u2019s future price. According to the analyst, Cardano is currently flashing one of the most powerful long-term buy signals possible on the weekly time frame. Related Reading: Shiba Inu Symmetrical Triangle Pattern Reappears, Why A 200% Rally Is Possible Based on this strong buy signal and other technical indicators, the crypto analyst predicts that Cardano could begin a new parabolic rally in the coming weeks. The expectation is that the higher highs trend line will set a resistance level for ADA\u2019s price movements, potentially catalyzing an increase to $5.\u00a0\u00a0 Highlighting these technical indicators, TradingShot revealed that Cardano\u2019s 1W Logarithmic Moving Average Convergence Divergence (LMACD) is finally forming a bullish cross. In Cardano\u2019s case, this bullish cross is the first formed since October 9, 2023, and is currently signaling a strong buy signal that could push ADA towards an uptrend.\u00a0\u00a0 Moving on, Cardano\u2019s Relative Strength Index (RSI), a momentum indicator that measures the speed and change of an asset\u2019s price movements, has been \u201cranging\u201d since May 2024. This means that the cryptocurrency has been trading below the 1W 50-period Moving Average (MA50) on the weekly chart.\u00a0 Based on these key technical indicators, TradingShot has drawn a parallel between the previous crypto bull cycle and Cardano\u2019s recent price movements. He observed that ADA\u2019s current market conditions were almost the same as during the 2021 bull cycle. At the time, a bullish Megaphone appeared on a 1W LMACD bullish cross, followed by a bottom formation triggered by a 1W MA50\/MA100 bullish cross while the 1W RSI was in a consolidation phase.\u00a0\u00a0 As a result, the analyst has suggested that these recurring technical indicators were a signal that Cardano may be gearing up for a massive price rally. He boldly forecasted that ADA would rise from its current price of $0.38 to $5, marking its next top for this bull cycle.\u00a0 Analyst Says \u201cADA Will Hit $1 Before Christmas\u201d In contrast to TradingShot\u2019s ambitious $5 price prediction for ADA, another crypto analyst, identified as \u2018Deezy.eth\u2019 on X (formerly Twitter), has offered a more conservative outlook for the cryptocurrency. Deezy.eth predicts that Cardano will hit $1 before December 25, 2024.\u00a0 Related Reading: Bitcoin Prediction: Crypto Pundit Reveals Why $100,000 Is The Nominal Price Level For 2025 The analyst has grounded his optimistic projections on several factors which he considers bullish propellants for Cardano.This includes ADA\u2019s weekly time frame bullish divergence, the start of rate cuts after four years, the recent launch of the Cardano Chang hard fork and the reduced appeal of ADA\u2019s \u201clow float, and high FDV.\u201d\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":644537,"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-644512","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":"\nCrypto Analyst Identifies Cardano Buy Signal And Parabolic Rally To Send ADA Price To $5<\/title>\n<meta name=\"description\" content=\"As the altcoin season approaches, Cardano (ADA) is gaining momentum, having recorded more than a 14% increase in the past week.\" \/>\n<meta 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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":"Crypto Analyst Identifies Cardano Buy Signal And Parabolic Rally To Send ADA Price To $5","url":"http:\/\/wncen.com\/news\/cardano\/cardano-buy-parabolic-rally\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/cardano\/cardano-buy-parabolic-rally\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Cardano.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/09\/Cardano.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":"2024-09-25T23:30:05Z","datePublished":"2024-09-25T23:30:05Z","dateModified":"2024-09-25T23:30:05Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Crypto Analyst Identifies Cardano Buy Signal And Parabolic Rally To Send ADA Price To $5\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/cardano\\\/cardano-buy-parabolic-rally\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/cardano\\\/cardano-buy-parabolic-rally\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Cardano.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Cardano.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\":\"2024-09-25T23:30:05Z\",\"datePublished\":\"2024-09-25T23:30:05Z\",\"dateModified\":\"2024-09-25T23:30:05Z\"}<\/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\/09\/Cardano.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/644512"}],"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=644512"}],"version-history":[{"count":1,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/644512\/revisions"}],"predecessor-version":[{"id":644546,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/644512\/revisions\/644546"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/644537"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=644512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=644512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=644512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}