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Here’s the Timeline for a Cardano Run to $3 After Golden Cross Pattern
The post Here’s the Timeline for a Cardano Run to $3 After Golden Cross Pattern appeared on BitcoinEthereumNews.com. Cardano has observed the formation of a golden cross, with its 50-period moving average moving above the 200-period moving average. Historical Rally After Previous Signal According to market analyst Crypto Deezy, the last time ADA formed this golden cross was in December 2024. After this, it rallied about 237% in 27 days. That move lifted the price from below $0.40 to more than $1.40. Notably, data from TradingView corroborates this value, showing a move of 0.92746 in value. Analyst expects ADA at $3 Meanwhile, at press time, ADA is trading at $1.01, gaining more than 19% and 35.4% in the past day and month, respectively. – Advertisement – Deezy noted that applying the same percentage increase as the 2024 rally would bring ADA close to $3 in the next 27 days. The chart’s second measurement box supports this projection, showing a potential move of 2.03371 points in value, or roughly 236%. A rally to this price will bring ADA close to its all-time high of $3.10 recorded in 2021. What’s Next for Cardano? Data from TradingView highlights that Cardano is showing strong bullish momentum after breaking market structure to the upside and reclaiming the Point of Control (POC) on the 2-day chart. Cardano triple bottom ADA has now moved above its value-area low and is targeting the higher-timeframe resistance at $1.19, with the swing high at $1.3264 as a potential next objective. The chart highlights a triple-bottom formation at the $0.49 support zone, confirming it as a key level for bulls to defend. Holding above the POC and value-area high could pave the way for continued upside, while a drop back below $0.49 would invalidate the bullish outlook. How High Can Cardano Go? In a separate disclosure, prominent analyst Ali Martinez said Cardano could reach $1.50 if the price clears…
The post Here’s the Timeline for a Cardano Run to $3 After Golden Cross Pattern appeared on BitcoinEthereumNews.com.
Cardano has observed the formation of a golden cross, with its 50-period moving average moving above the 200-period moving average. Historical Rally After Previous Signal According to market analyst Crypto Deezy, the last time ADA formed this golden cross was in December 2024. After this, it rallied about 237% in 27 days. That move lifted the price from below $0.40 to more than $1.40. Notably, data from TradingView corroborates this value, showing a move of 0.92746 in value. Analyst expects ADA at $3 Meanwhile, at press time, ADA is trading at $1.01, gaining more than 19% and 35.4% in the past day and month, respectively. – Advertisement – Deezy noted that applying the same percentage increase as the 2024 rally would bring ADA close to $3 in the next 27 days. The chart’s second measurement box supports this projection, showing a potential move of 2.03371 points in value, or roughly 236%. A rally to this price will bring ADA close to its all-time high of $3.10 recorded in 2021. What’s Next for Cardano? Data from TradingView highlights that Cardano is showing strong bullish momentum after breaking market structure to the upside and reclaiming the Point of Control (POC) on the 2-day chart. Cardano triple bottom ADA has now moved above its value-area low and is targeting the higher-timeframe resistance at $1.19, with the swing high at $1.3264 as a potential next objective. The chart highlights a triple-bottom formation at the $0.49 support zone, confirming it as a key level for bulls to defend. Holding above the POC and value-area high could pave the way for continued upside, while a drop back below $0.49 would invalidate the bullish outlook. How High Can Cardano Go? In a separate disclosure, prominent analyst Ali Martinez said Cardano could reach $1.50 if the price clears…
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