Cardano

Rally

bullish

Coin

Divergence

<ul class="wp-block-list news-points">
 <li>Nick Valdez signals a possible Cardano (ADA) rally due to bullish divergence on the ADA-BTC chart.</li>
 <li>Macroeconomic trends, including a high likelihood of an interest rate cut, could boost ADA’s appeal.</li>
 <li>The launch of the Snake.Fun platform in the Cardano ecosystem may further drive investor excitement.</li>
</ul>
Cardano (ADA) may be gearing up for a major price surge, according to analyst Nick Valdez. In a <a href="https://youtu.be/WIGlS4MpHcI?si=GJ68otAFcegY7HcN" target="_blank" rel="noopener noreferrer nofollow">podcast</a>, Valdez outlined three key factors suggesting Cardano could see substantial gains in the coming months: historical chart patterns, macroeconomic conditions, and the launch of a new project on the Cardano network.
<h2 class="wp-block-heading" id="h-bullish-divergence-signals-major-upside-potential">Bullish Divergence Signals Major Upside Potential</h2>
Valdez’s analysis centers around a rare bullish divergence on the ADA-BTC daily chart. According to Valdez, the last time this pattern occurred in 2020, Cardano rallied over 1,000% against Bitcoin. This divergence, where prices are dropping but the relative strength index indicator is rising, suggests that despite the price declines, momentum is building.
Notably, this analysis comes at a time when ADA investors are facing significant losses. ADA is down over 19.2% in the last 90 days and 42.26% …
The post <a href="https://coinedition.com/analyst-predicts-mega-rally-for-cardano-ada-cites-key-3-catalysts/" rel="noopener noreferrer nofollow">Analyst Predicts Mega Rally for Cardano (ADA), Cites Key 3 Catalysts</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Analyst Predicts Mega Rally for Cardano (ADA), Cites Key 3 Catalysts

Table of Contents

Coin Edition

Other articles published on Sep 10, 2024

Trader Predicts Major Bitcoin Price Movement Next Month

Neiro Ethereum Price Prediction: NEIRO Jumps 24% As This PEPE 2.0 ICO Rockets Towards $13 Million

Crypto Analysts Predict Bitcoin’s Potential Dips and Rises

Is It Really Possible to Earn on the Crypto Market Easily, Simply, Without Investment and Risks Now?

Will US Election Affect XRP Price?

Crypto Analysts Share Bold Predictions for 2025 Bitcoin, Ethereum, and Solana Prices

Join our free newsletter for daily crypto updates!