ADABitcoinCryptocurrency EducationNEARNews

Cardano (ADA) Could See 80% Surge as Pattern Points to $0.70

1 Mins read

Amid what has been a highly volatile start to the year, Cardano (ADA) could be facing an 80% surge as one pattern is pointing to a price increase to $0.70. Currently, the asset is down less than 1%, trading at $0.50 and facing a crucial resistance level, according to CoinMarketCap.

Crypto analyst Ali Martinez has highlighted one specific pattern that could have massive gains in store for the token. Moreover, he predicts an eventual climb past the $0.55 mark, with a higher upside near the $0.90 level. Alternatively, positive sentiment surrounding Spot Bitcoin ETF approvals could help propel it the rest of the way.

Cardano (ADA) could be on its way to an 80% surge according to one crypto analyst, with the price set to eye the $0.70 price in the near term

Cardano Could Be Catapulted More Than 80% If This Signal Rings True

Only ten days into 2024, the digital asset market has seen some interesting fluctuations. Indeed, facing massive developments in the form of pending Spot Bitcoin ETF applications, many are anxiously awaiting to see how the market shapes out throughout this week. For one asset, huge gains could be in store.

Cardano (ADA) could be on the verge of 80% gains as one pattern is siginally a climb to the $0.70 level. Specifically, crypto analyst Ali Martinez highlighted a signal emerging on the token’s daily chart. Moreover, he noted a “recent touch of the 0.618 Fibonacci retracement Level” for ADA.

Martinez noted that if the signal holds, the asset could be set to break through the $0.55 resistance level. From there, it would target even larger gains in terms of value. Subseuqlety, the eighth largest cryptocurrency by market cap, would be set to climb toward the $0.69 mark and eventually headed for $0.93.

Additionally, Cardano has some positive developments that could inform an impending rise. Specifically, CoinShares noted that digital asset investment products saw more than $150 million in inflows in 2024’s first week.

Moreover, $3.7 million of those were headed to Cardano. A perfect storm could be forming for Cardano. Ultimately, working to help propel the asset to heights that could certainly set the tone for 2024.


1409 posts

About author
Harry is a crypto enthusiast and experienced trader with a track record of success. With a deep understanding of blockchain technology, he has analyzed market trends and identified profitable opportunities, resulting in impressive returns. Harry 's expertise lies in developing effective trading strategies that leverage the potential of cryptocurrencies. Through his articles, guides, and educational resources, he shares his insights and knowledge, helping individuals make informed trading decisions. With a keen eye for market patterns, Harry has navigated the volatile crypto landscape with confidence. Stay tuned for valuable perspectives and expert advice from Harry as he contributes to the Ailtra platform.
Related posts

Indonesia's presidential elections pose uncertainty for the thriving cryptocurrency industry

1 Mins read
Indonesia, has emerged as a formidable player in the global cryptocurrency space in recent years. However, the nation’s upcoming general elections in…

Understanding the Cryptocurrency Boom - Dogecoin Climbs Due to X Payment Integration, While Stellar and BNB Also Experience Growth

1 Mins read
The cryptocurrency market has been experiencing notable gains over the past few days. This is led by an unexpected and surprising spike…

Crypto Entrepreneur Charged with Defrauding Investors Out Of $150 Million Through Marketing Scheme

1 Mins read
Federal prosecutors have charged a German businessman with securities fraud, wire fraud and money laundering for allegedly scamming over 150 investors out…

🚀 Ailtra Crypto Bot Earned $8.9M Million in 7 Months with 0% Loss!

🚀 Ailtra generated $7.4 in 7 months only!

Unlock 20-75% Monthly Returns & Get $100 FREE!

Meet Ailtra Bot! Launching on 31st March an AI Crypto Bot boasting 20%-75% monthly gains and $7.5M earnings in 7 months. 💸Secure a FREE $100 bonus and up to $20K potential via referrals every month. 🎉Only 1,000 spots are available in first phase – claim yours fast! 🔥 will not disclose your account information to any 3rd parties.