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12/11/2023

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Top Analyst Identifies Trend That Can Push Cardano to $33

Prominent market analyst Tyler Strejilevich has speculated that Cardano (ADA) could be poised for a tremendous surge in the coming weeks. In a recent tweet, Strejilevich left his over 89K followers stunned...

Top Analyst Identifies Trend That Can Push Cardano to $33

Prominent market analyst Tyler Strejilevich has speculated that Cardano (ADA) could be poised for a tremendous surge in the coming weeks.

In a recent tweet, Strejilevich left his over 89K followers stunned after he revealed that ADA, the ninth-largest cryptocurrency by market capitalization, could surge as high as 6,000% over the next 66 weeks.

Bullish Weekly Cross Appears for ADA

Strejilevich speculated that this could become ADA’s reality following the appearance of a bullish weekly cross on the crypto asset’s chart.

According to the famous crypto analyst and YouTuber, the last time ADA saw this bullish weekly cross was over three years ago, in November 2020. During that period, the price of ADA surged 6,000% over the next 66 weeks, Strejilevich said.

#ADA is about to get a bullish weekly cross for the first time since JUNE 2020

The last time this happened it pumped 6,000% over the next 66 weeks#cardano pic.twitter.com/xQvvbf3b1O

— Tyler Strejilevich (@TylerSCrypto) December 9, 2023

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If the same scenario continues after the re-appearance of the bullish weekly cross, ADA could surge as high as $33.55 over the next 66 weeks. Consequently, this suggests that ADA could reach the projected price of $33.55 by March 15, 2025.

For context, ADA was changing hands at $0.55 at the time of writing this line, down 6.2% over the past 24 hours. Notably, ADA’s surge to $33.55 represents a 985.76% surge from the coin’s previous all-time high of $3.09.

ADA’s Bullish Performance in 2023

It bears mentioning that ADA has recorded significant gains since the beginning of the year, rallying 125% year-to-date (YTD).

According to CoinGecko data, ADA experienced a tremendous rally yesterday, surging to an 18-month high of $0.595. However, the coin plunged nearly 7.56% to $0.55 after Bitcoin retraced below $41,000 in the early hours of today.

ADA to Hit $1 By 2025

While Strejilevich expects ADA to surge 6,000% over the next 66 weeks, a group of analysts recently released their forecast for the ninth-largest cryptocurrency.

Their prediction for ADA looks a bit bearish compared to Strejilevich’s forecasts. As reported earlier, the analysts predicted that ADA will only hit the $1 mark by 2025.

Per the analysts, ADA’s average price for 2025 could be around $1.01, while the coin’s maximum and minimum prices were pegged at $1.16 and $0.97, respectively.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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