Bitcoin Short Positions Face Serious Risk Above $68,500 \u2013 Details<\/a><\/div>\nHowever, if these levels remain unclaimed, ADA\u2019s price is likely to continue consolidating sideways in the near term. Such a pattern would allow the market to stabilize and potentially attract fresh demand before attempting another breakout, though it may delay any significant upward movement for ADA.<\/span><\/p>\nFeatured image from Dall-E, chart from TradingView<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"The crypto market is heating up, with Bitcoin on the brink of all-time highs and anticipating a major breakout across assets. Cardano (ADA) is also at a critical juncture, showing striking similarities to its price action in 2020\u2014a year that saw ADA skyrocket by over 4,000% in under 12 months.\u00a0 Related Reading: If Dogecoin Breaks Above Key Resistance \u2018We Could See A 25% Rally\u2019 \u2013 Top Analyst Renowned analyst Ali Martinez recently shared a technical analysis comparing ADA\u2019s current market structure to November 2020. According to Martinez, ADA\u2019s recent consolidation around key levels could set the stage for a significant upward surge, particularly following the upcoming U.S. election. Martinez\u2019s analysis highlights Cardano\u2019s pattern of explosive growth after periods of accumulation and points to the potential for a strong rally if Bitcoin breaks new highs. Investors are now closely watching ADA\u2019s price movement, eager to see if it can replicate its historic bull run. As the market prepares for a possible shift, Cardano\u2019s performance in the coming weeks could offer insight into broader altcoin momentum in this cycle. The next moves could be decisive, making ADA one to watch in the rapidly evolving crypto landscape. Cardano Following 2020 Bullish Pattern\u00a0 Cardano has captured the attention of analysts and investors who see its current consolidation as a possible signal of accumulation, hinting at a strong move up ahead. Well-known analyst Ali Martinez recently shared a technical analysis on X, comparing Cardano\u2019s current price behavior and its pattern in 2020\u2014a year in which ADA experienced an extraordinary 4,000% surge.\u00a0 According to Martinez, Cardano’s price action is displaying a similar setup, suggesting the possibility of a breakout around November 18, roughly two weeks after the U.S. elections. This timeline aligns with historical patterns, where ADA consolidates before explosive upward moves. Martinez\u2019s analysis points to a long-term bullish target of $6.30, representing a potential 2,000% increase from current levels. He anticipates that if it materializes, this rally could lead to a market top for Cardano around September 2025. This prediction is based on ADA\u2019s cyclical price trends, where significant rallies have historically followed periods of low volatility and accumulation, driven by market sentiment and broader crypto adoption. Related Reading: GOAT Outpaces PEPE Growing To $900M Market Cap In 2 Weeks \u2013 Details Many investors are now watching ADA closely, as such a rally would not only be significant for Cardano but could signal a broader bullish momentum across altcoins. Cardano\u2019s current price level has attracted a mix of institutional and retail investors seeking opportunities before what could be a substantial move.\u00a0 With both on-chain data and technical indicators supporting a bullish outlook, ADA\u2019s upcoming price action may set the tone for the altcoin market in the coming months. If history repeats, Cardano could be primed for one of its most powerful surges, attracting new interest and capital into the ecosystem. ADA Technical Levels\u00a0 Cardano is trading at $0.346 after experiencing a clear rejection from the 4-hour 200 exponential moving average (EMA) at $0.351. This key level has been pivotal, as a break above it and holding it as support would signal a potential shift toward a short-term uptrend. For bulls aiming to regain control over ADA\u2019s price action, establishing a firm foothold above the 200 EMA is essential, as it would likely attract buying interest and strengthen upward momentum. Additionally, the $0.37 supply zone presents another significant hurdle for ADA, as bulls have struggled to reclaim this level since early October. This resistance zone has repeatedly capped price action, indicating that substantial buying pressure is necessary to break through and sustain gains beyond this mark. A bullish trend could gain traction if ADA breaches the 200 EMA and the $0.37 supply zone. Related Reading: Bitcoin Short Positions Face Serious Risk Above $68,500 \u2013 Details However, if these levels remain unclaimed, ADA\u2019s price is likely to continue consolidating sideways in the near term. Such a pattern would allow the market to stabilize and potentially attract fresh demand before attempting another breakout, though it may delay any significant upward movement for ADA. Featured image from Dall-E, chart from TradingView<\/p>\n","protected":false},"author":617,"featured_media":650480,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16896],"tags":[12333,79508,12332,15138,16039,16145,12552,90627,90095,89230],"class_list":["post-650479","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cardano","tag-ada","tag-adausdt","tag-cardano","tag-cardano-ada-price","tag-cardano-ada-price-analysis","tag-cardano-ada-technical-chart","tag-cardano-analysis","tag-cardano-break","tag-cardano-bull-run","tag-cardano-news"],"acf":[],"yoast_head":"\n
Cardano Might See A Massive Pump Around November 18 \u2013 Analyst Exposes 2020 Similarities<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n