Logo
Cardano Ecosystem

Watcher Guru

02/08/2024

·

33 views


Cardano (ADA) Could Rally 32% to $0.68: Predicts Analyst

The cryptocurrency market seems to be recovering from the recent sell-off. Bitcoin (BTC) has reclaimed the $44k level, rallying 3.6% in 24 hours, while other tokens follow BTC’s suit. Cardano (ADA) is also...

Cardano (ADA) Could Rally 32% to $0.68: Predicts Analyst

The cryptocurrency market seems to be recovering from the recent sell-off. Bitcoin (BTC) has reclaimed the $44k level, rallying 3.6% in 24 hours, while other tokens follow BTC’s suit. Cardano (ADA) is also gaining from BTC’s latest rally. ADA is up 4.2% in the daily charts, 3.9% in the weekly charts, and 8% in the last 14 days. However, the asset is down 4.3% over the previous month. Nonetheless, ADA has maintained some of its gains from 2023 and is up by almost 28% since January last year.

Source: CoinGecko

Also Read: Cardano: When Will ADA Reclaim Its All-Time High of $3.09?

Moreover, this might not be the end of ADA’s rally. According to Ali Charts, a prominent crypto analyst, ADA might be gearing up for another rally.

Cardano (ADA) to rally 32% to $0.68

Cardano
Source – R7

According to a recent X post by Ali Charts, ADA ‘shows signs of a descending triangle on its daily chart.’ The analyst predicts if ADA sustains a daily close above $0.53, it could lead to a 32% rally. The analyst highlights that a new rally could push ADA’s price to $0.68.

However, not everyone agrees with Ali Chart’s prediction. Changelly does not anticipate Cardano (ADA) to hit $0.60 in 2024. The platform anticipates ADA to hit a maximum price of $0.56 in May this year before heading down.

Also Read: Cardano: Can ADA Rally Over 100% and Reach $1 By Q2 2024?

Telegaon, on the other hand, is more bullish on ADA. The platform predicts ADA to hit a maximum price of $2.15 in 2024. However, Telegaon does not clarify when ADA may reach this maximum price.

CoinCodex predicts ADA’s price to drop to $0.46 on Feb. 13, 2024. The price fall would translate to a drop of about 9.8% from current levels.

Source: CoinCodex

Also Read: Cardano: Google Bard AI Predicts ADA Price After Bitcoin Halving

AD

TapTax - Cardano Crypto Taxes Made Simple. Available Now!

Simplify your Crypto Tax experience! From a passive holder, to day trader, to NFT project, we have your taxes covered.BUY NOW!


Read Original Article on Watcher Guru

ORIGINAL SOURCE

https://watcher.guru/news/cardano-ada-co...

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.


Genius Yields DEX Launched!

More from Watcher Guru

See more
Crypto news: le performance delle 10 top coin per market cap
Watcher Guru
Crypto news: le performance delle 10 top coin per market cap

last Friday at 12:06 PM

·

5 views

Related News

See more
Genius Yields DEX Launched!

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)