Ethereum

Cardano

Dogecoin

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 Ethereum (ETH) competitor Cardano (ADA) could surge by more than 20% if it convincingly breaks a key supply level, according to a popular crypto trader.
 Crypto analyst Ali Martinez tells his nearly 45,000 followers on the social media platform X that ADA “faces a formidable obstacle” in the $0.54 and $0.56 price range.
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 According to Martinez, nearly 50,000 addresses purchased approximately 2 billion ADA between these price points, suggesting that the holders may sell their Cardano troves just to get out at break-even prices.
 However, the trader notes that Cardano may witness a burst to the upside if ADA bulls manage to clear the heavy supply level.
 “Overcoming this resistance could pave the way for a bullish move toward $0.68!”&nbsp;&nbsp;
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GGFKbQ5X0AA2w1M?format=jpg&amp;name=4096x4096" alt="Image" width="2340" height="860">
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 Source: Ali Martinez/X
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 ADA is trading around $0.558 at time of writing. The ninth-ranked crypto asset by market cap is up more than 3% in the past 24 hours.
 Last week, Martinez predicted that the price of ADA could go up based on the cryptocurrency’s descending triangle chart pattern.
 A descending triangle is generally considered a bearish signal as a continuation pattern in an established downtrend, but a breakout in the opposite direction known as a reversal pattern is bullish.
 Says Martinez,
 “A sustained daily close above $0.53 could lead to the start of a 32% rally, potentially pushing $ADA up to $0.68!”&nbsp;
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GFy6fj2XgAAo6kt?format=jpg&amp;name=4096x4096" alt="Image" width="2233" height="1452">
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 Source: Ali Martinez/X
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 Martinez also notes that top memecoin Dogecoin (DOGE) has witnessed a downtick in transaction volume and whale transaction count, which typically indicates lower trading activity.
 “This could be a sign that fewer people are buying, selling, or transferring DOGE, possibly due to reduced interest or confidence in it!”
 <figure style="width: 100%" class="wp-caption aligncenter"><img loading="lazy" decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GGH5sRWWIAAz45b?format=jpg&amp;name=4096x4096" alt="Image" width="2856" height="1296">
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 Source: Ali Martinez/X
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 At time of writing, DOGE is worth $0.082.
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/cardano-could-witness-over-20-rally-if-it-breaks-2-000-000-000-ada-supply-level-according-to-crypto-analyst-tbt79714.html">https://thebittimes.com/cardano-could-witness-over-20-rally-if-it-breaks-2-000-000-000-ada-supply-level-according-to-crypto-analyst-tbt79714.html</a>

Cardano Could Witness Over 20% Rally if It Breaks 2,000,000,000 ADA Supply Level, According to Crypto Analyst

TheBitTimes

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