Logo
Cardano Ecosystem

TodayNFTNews

12/14/2023

·

182 views


Pundit Envisions Cardano 6,000% Super Bullish Rocket To '$33 ADA Price'

Cardano (ADA), a perennial subject of speculative fervour, has once again seized the spotlight in the cryptocurrency sphere following a bold prediction from analyst Tyler Strejilevich. Strejilevich, a...

Pundit Envisions Cardano 6,000% Super Bullish Rocket To '$33 ADA Price'

Cardano Now ‘Better Than Ever,’ Declares Ecosystem Dev Who Warned Of Catastrophic Testnet Issues

Cardano (ADA), a perennial subject of speculative fervour, has once again seized the spotlight in the cryptocurrency sphere following a bold prediction from analyst Tyler Strejilevich. Strejilevich, a reputable figure known for his astute market analysis, recently unveiled via his official X page (formerly Twitter) the resurgence of a bullish trend reminiscent of a historical ADA price surge.

The crux of Strejilevich’s assertion centres on the reappearance of a bullish weekly cross, echoing patterns witnessed in June 2020 when ADA soared by an astonishing 6,000%. His latest revelation has set the stage for fervent anticipation among cryptocurrency enthusiasts, hinting at a potential meteoric rise in ADA’s value.

Strejilevich’s analysis highlights ADA’s historical connection with the emergence of a bullish weekly cross, a pattern that previously triggered an extended period of upward momentum lasting over a year. A similar trend’s imminent appearance has sparked stakeholders’ curiosity, speculating whether ADA might replicate its previous surge.

With ADA currently trading at $0.63, Strejilevich’s prediction suggests a staggering 6,000% surge, potentially propelling ADA’s value to approximately $33.55, eclipsing its previous all-time high of $3.09.

Cardano Green Candle Rally Outpaces Top Cryptos

ADA/USDT chart, source: TradingView

In a striking display of resilience, ADA surged over 41% as it entered this week’s crypto market fray. Despite a recent correction that led ADA to lose more than 17% of its value, the digital asset is staging a remarkable comeback.

AdvertisementCoinbase   

The swift rebound showcases Cardano’s attractiveness to investors and traders, outpacing its key counterparts in the top 10 cryptocurrencies. This surge follows a broader market correction, underscoring ADA’s momentum.

One noteworthy development during this rally is the significant data on liquidations provided by CoinGlass. Bearish traders holding short positions on Cardano faced market bullishness, with total liquidations on these positions exceeding $1.23 million, constituting 2.5% of all market liquidations.

December has proven euphoric for Cardano enthusiasts, marking its most successful month in seven years. ADA remains a compelling asset despite recent fluctuations, boasting a 70% surge since the month’s start.

However, the question looms: will Cardano’s rally sustain its upward trajectory, or is this surge a prelude to a potential downtrend? As the ADA community watches, the token stands as both an enticing prospect and a subject of speculation for investors.

AD

SNEKbot by DexHunter on CARDANO

Cardano's Telegram Trading Bot live on Cardano mainnet!TRADE NOW!


Read Original Article on TodayNFTNews

ORIGINAL SOURCE

https://zycrypto.com/pundit-envisions-ca...

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 TodayNFTNews

See more
Charts Show ADA Ready For 1,700% Eruption To $8 Price As Stars Align For Cardano Monster Bull Run
TodayNFTNews
Charts Show ADA Ready For 1,700% Eruption To $8 Price As Stars Align For Cardano Monster Bull Run

02/05/2024

·

97 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)