For four days running, Cardano (ADA) has seen an uptick, as the larger crypto market recovers following Bitcoin‘s recent revisit to $100K. In the last 24 hours alone, ADA’s price climbed nearly 7%, positioning it for further growth. Technical analysis suggests a cup-and-handle pattern on a three-day chart and an inverse head-and-shoulder configuration on a 4-hour chart, both of which could signal another rally for ADA.
Should You Sell Ethereum (ETH) for Cardano (ADA)
As a crypto investor, I’ve been keeping a close eye on the performance of Cardano (ADA) and Ethereum (ETH) in the recent 17-day stretch of 2025. Interestingly, while Ethereum has barely managed to eke out Year-to-Date (YTD) gains just above 1%, Cardano has surged a substantial 31%. This stark difference between the two digital tokens could potentially lead many investors to reconsider their allegiance to Ethereum and opt for Cardano instead.
According to the technical analysis, Cardano appears to be developing two highly optimistic patterns which could lead to significant price increases, potentially rising by up to 80% from its current levels. Consequently, it’s quite possible that investors might favor ADA over ETH during this ongoing bull market.
In an unfortunate turn of events, Ethereum boasts an ETF listing, whereas Cardano does not. Remarkably, despite this apparent edge for Ethereum, its price performance remains underwhelming.
Although Year-to-Date (YTD) profits differ significantly, let’s delve into the reasons behind Cardano price analysis and consider why investing in ADA might provide a more profitable return compared to Ethereum.
Cardano Price Analysis: Why ADA Will Outperform ETH
Each day’s graph indicates that the price of Cardano is shaping like a “cup-and-handle” structure, which typically signals an upward breakout. In this pattern, the “cup” represents a rounded base or accumulation phase, followed by a slight pullback or “handle.” This pattern often precedes a surge in value.
To find the goal for this pattern, we first determine the depth of the cup and then add that value to 1.21 (the neckline). Using this method of theoretical prediction, we arrive at a target price of approximately $2.20.
On the 4-hour ADA/USDT chart, there appears an inverted head and shoulders formation. The neckline at $1.15 is crucial as it serves as a potential barrier to price increase. If this level is breached and closed above, it might trigger a significant surge, pushing Cardano’s price towards the projected target of around $1.48, which aligns with the pattern’s estimated goal based on its measured move.
What next for ADA?
Over a three-day period, Cardano (ADA) is exhibiting a bullish pennant formation, suggesting a possible price surge. If ADA manages to breach its significant resistance level, it might reach an approximate target of $1.58, given the 42% height measurement. Additionally, positive trends in RSI and MACD are indicating a strong upward trend for Cardano.
To summarize, the price of Cardano appears to be displaying optimistic trends, aiming for a range between $1.50 and $2.20, suggesting possible surges. According to Cardano’s forecast, ADA might reach $2.50 by 2025, fueled by high investor trust, outperforming Ethereum (ETH) during the current bull market with solid technical markers.
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2025-01-17 11:49