Cardano Ready For 15x Move, Crypto Analyst Reveals The Major Drivers

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,362,401,348,506	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

1,362,401,348,506

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	276.75	0.40%	69,379.77	69,379.77	69,379.78

Price Change

Price Change %

Current Price

Bid Price

Offer

276.75

0.40%

69,379.77

69,379.78

High Price	Low Price	Open Price	Prev. Close	52 Week Range
70,066.95	69,000.00	69,217.46	69,103.02	24,750.00 - 73,835.57

High Price

Low Price

Open Price

Prev. Close

52 Week Range

70,066.95

69,000.00

69,217.46

69,103.02

24,750.00 - 73,835.57

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	14:25:37	0.000144	69,379.77	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

14:25:37

0.000144

69,379.77

USD

Price x Volume	Volume	Base Symbol	Related Pairs
324,148,696.02	4,659.27	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

324,148,696.02

4,659.27

Cardano Ready For 15x Move, Crypto Analyst Reveals The Major Drivers

11/05/2024 11:00pm

NEWSBTC

Cardano (ADA) looks primed to make that move to the upside, with crypto analyst Javon Marks revealing what could make the crypto token see a 15x increase in its price. Marks’ analysis comes amidst recent price predictions, which paint a bullish outlook for Cardano. How Cardano Could See A 15x Increase In Its Price Marks mentioned in an X (formerly Twitter) post that ADA has shown “major progress since breaking the resisting trend.” The crypto analyst also noted that the crypto token attempted to move over 200% toward the first target at $2.77709 and claimed that the recent pullback Cardano faced could strengthen it to achieve an even more parabolic rise. Related Reading: Bitcoin Short Term NUPL Value Turns Negative, What This Means For Price Source: X This development is why Marks believes Cardano could rise to as high as $7.80 from its current price, representing a 1,500% increase for the crypto token. A rise to that level looks more feasible, considering that crypto analyst Altcoin Daily also recently predicted that Cardano will rise to $9 in this bull run. Meanwhile, crypto analyst Ali Martinez made an ultra-bullish case for Cardano, noting that the crypto token was currently mirroring its price action from 2019, when it made a price gain of over 4,000%. While Martinez acknowledged that history might not repeat itself, he suggested that Cardano could still make an impressive move similar to 2019. For Cardano to experience such parabolic moves, the crypto token needs to see a reversal in its current downtrend. Crypto analyst Trend Rider hinted that could happen soon, noting that ADA was still holding its support level. According to him, if Cardano can hold on to this support for 1 to 2 weeks, the bears will tire, and the crypto token will bounce from its current price level. Analyzing Cardano’s Bull Run Dan Gambardello, the founder of Crypto Capital Venture, again suggested that Cardano’s price action in this bull run will likely mirror Ethereum’s in the last bull run. He noted that the former is currently around the level that Ethereum was at around the 2020 Bitcoin halving. As such, he expects Cardano to enjoy a similar success to the one Ethereum enjoyed in the last bull run. Related Reading: Crypto Analyst Says XRP Price Can Break Out From Falling Pennant, But Can It Reach $1? The crypto analyst also assured that Cardano was still on track for its bull run, stating that it was also down over 90% from its all-time high (ATH) months after Bitcoin halved in the last bull run. As such, he still expects Cardano to make a run soon enough, just like it did in 2021. The crypto analyst hinted that Cardano’s bull run would likely begin during the Altcoin Season. However, he wasn’t sure when this Altcoin season would likely start since Bitcoin hit a new ATH before the halving (which has never happened before). He added that this Altcoin season might not come until December. For now, the analyst noted that patience is the name of the game. ADA bulls struggle to hold $0.44 | Source: ADAUSDT on Tradingview.com Featured image from LinkedIn, chart from Tradingview.com

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