As a seasoned researcher with over two decades of market analysis under my belt, I find the recent predictions for Cardano (ADA) intriguing. Having closely observed various bull and bear markets throughout my career, I can’t help but be drawn to the “insane bullish divergence” pattern that Dan Gambardello has identified in the ADA/BTC price chart.
The cost of Cardano (ADA) might be preparing for a significant surge towards record-breaking prices, according to a crypto analyst who’s spotted an extraordinary bullish divergence in the ADA/BTC chart. This unusual technical configuration has fueled speculation about a possible 10X price increase for ADA.
Why Cardano Price Could Surge 10X
Dan Gambardello, a well-known cryptocurrency expert, has expressed his positive predictions about the price of ADA, the token from the Cardano network. Upon examining the ADA/BTC price graph, Gambardello detected a bullish divergence pattern, indicating that a potential price increase for ADA could be coming soon.
As a researcher studying the cryptocurrency market, I frequently encounter a phenomenon known as a bullish divergence, like the one I’ve noticed with Cardano (ADA). In this instance, while ADA’s price reached a fresh low, surprisingly, its Relative Strength Index (RSI) didn’t follow suit. This unexpected discrepancy might indicate that the downward pressure on ADA is starting to wane, perhaps signaling the beginning of a bullish price reversal and an uptrend.
Gambardello’s graph comparing ADA and BTC prices shows how the value of Cardano has changed in relation to Bitcoin over time. This analysis points out that a comparable bullish divergence pattern appeared in the ADA/BTC chart approximately 4 years back.
At a particular point, Cardano saw an extraordinary surge of more than 1,000% compared to Bitcoin, paving the way for it to reach unprecedented peaks of $3.10 in September 2021. Given this repeated historical trend, Gambardello proposes that the current upward trend in ADA‘s value relative to Bitcoin could potentially indicate another significant price rise for Cardano.
In simple terms, if the predicted historical pattern holds true, it’s possible that the value of ADA could skyrocket by as much as ten times its current price ($0.319), potentially reaching around $3 or more during this bullish market period.
Analyst Sees ADA Revisiting All-Time High Price
On September 5, The DApp Analyst, a market research and marketing expert specializing in DeFi projects within the Cardano system, shared insights on the possible future trajectory of ADA. The analyst’s assessment was built upon multiple economic indicators and past market tendencies related to ADA.
Based on The DApp Analyst’s predictions, the value of ADA could experience a massive surge, potentially increasing as much as 860% to reach previous peak prices above $3. In the first quarter of 2025, they believe that the Federal Reserve (FED) might shift towards a more accommodative monetary policy, which may involve lower interest rates and an expansion in the money supply.
As an analyst, I’ve come to view Cardano as a more credible investment option, moving away from its earlier label as a speculative asset. Interestingly, I’ve observed a correlation between falling U.S. 1-year Treasury bond yields and increasing ADA prices. In the past, when bond yields decreased, Cardano’s value rose substantially, sometimes even surpassing Bitcoin’s performance.
Based on past patterns, it’s predicted by the analyst that the year 2025 could mark a boom for altcoins, potentially leading to substantial price surges and expansion for cryptocurrencies such as ADA.
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2024-09-07 14:41