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...
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.
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Analyst Reveals New Date For Cardano To Adapt To A New Bullish Pace
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.
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.”
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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.
“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.”
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