Cardano (ADA) Could See Massive Gains in the Coming Weeks, Analyst Predicts
A highly regarded crypto analyst has suggested that the smart contract platform Cardano (ADA) is poised for significant growth in the upcoming weeks. In a recent strategy session, trader Ali Martinez shared his insights with his 107,500 followers on X, indicating that if ADA follows a similar pattern to its previous cycle, it could experience a remarkable surge of up to 266%.
“ADA is shaping up like it did last cycle, making me think a big move is near. A push to $4 might happen within a few weeks!”
Currently, ADA is trading at $1.09, marking a 13.5% increase over the last 24 hours.
Moving on to the leading cryptocurrency by market cap, Martinez also analyzed Bitcoin (BTC) and highlighted the potential for its next breakout.
“BTC remains at a critical point. This might just be a retest of the 50-day moving average before a potential move lower. A sustained close above the 50-day MA is essential to signal the end of the correction and confirm bullish momentum.”
At present, Bitcoin is trading at $98,625, reflecting a 1.7% increase for the day.
Concluding his analysis with the use of the Tom Demark (TD) Sequential indicator, Martinez pointed out bullish signals for the privacy-focused project Worldcoin (WLD) and the modular blockchain Celestia (TIA).
Worldcoin (WLD) and Celestia (TIA) are currently trading at $2.40 and $5.44, respectively.
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