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10/30/2024

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Analyst Shares New Date For Cardano (ADA) Price Hike: ADA To Rise Soon

Cardano (ADA) has yet to experience bullish momentum, a noteworthy bullish path that pushes the crypto to new price levels. Despite boasting massive community support, ADA has long struggled to gain firmer...

Analyst Shares New Date For Cardano (ADA) Price Hike: ADA To Rise Soon

Cardano (ADA) has yet to experience bullish momentum, a noteworthy bullish path that pushes the crypto to new price levels. Despite boasting massive community support, ADA has long struggled to gain firmer ground.

As Bitcoin scales to $70K, investors cannot help but wonder when ADA will spike to new price levels, and we may have a new answer to this question, thanks to a notable cryptocurrency analyst.

Also Read: Here’s How High Bitcoin (BTC) May Soar This Weekend After Acing $70K

Analyst Reveals New Date For Cardano To Adapt To A New Bullish Pace

Cardano
Source – Zipmex

Notable cryptocurrency analyst Ali has shared a new update on X. Talking briefly about Cardano, Ali shared how the token is up for a massive price run very soon. Cardano has had a rough year trading at lower levels, unable to break past the critical price barriers of $0.30-$0.40.

ADA is at $0.35 at press time, up 3% in the last 24 hours. Cardano has noted a modest spike in the current period, primarily due to Bitcoin’s spike to $70K, as the market momentum turned green for the altcoins to bank on.

I believe #Cardano $ADA is following a similar pattern to 2020. If history repeats, we might see a pump around November 18—about two weeks after the US elections—and a potential market top by September 2025. pic.twitter.com/GgKWBqzYXU

— Ali (@ali_charts) October 29, 2024

Similarly, Ali shared how Bitcoin’s momentum may grow stronger after the US election. The analyst drew a compelling analysis, adding that ADA may follow a similar pattern that it had followed in 2020. ADA may note a sudden price surge around November 18, two weeks after the US elections.

The analyst later shared how ADA may also experience a remarkable pump and a noteworthy price top by September 2025.

“I believe #Cardano $ADA is following a similar pattern to 2020. If history repeats, we might see a pump around November 18—about two weeks after the US elections—and a potential market top by September 2025.”

Also Read: IBM: Will It Be Worth More Than Microsoft (MSFT) By 2035?

The Token’s Price Forecast for November

However, for now, ADA’s November forecast still predicts a series of modest price spikes. Per CoinCodex, ADA may soar 16% to a new price level of $0.42.

Image: CoinCodex

“According to our current Cardano price prediction, the price of Cardano is predicted to rise by 16.87% and reach $0.420521 by November 29, 2024. Per our technical indicators, the current sentiment is neutral, while the Fear & Greed Index is showing 69 (greed). Cardano recorded 14/30 (47%) green days with 3.01% price volatility over the last 30 days. Based on the Cardano forecast, it’s now a good time to buy Cardano.”

Also Read: JetBlue Airways (JBLU) Stock Falls After Lower Revenue Forecast

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Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


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