Rally

Cardano

Notable

<p>Most altcoins are showing green this week as Bitcoin’s price hovers just below its March ATH. One of these altcoins is Cardano, with the ADA price now up 4.5% today, trading above $0.36.</p>
<p>Analyst “CryptoBull_360” shared his <a href="https://captainaltcoin.com/is-cardano-mirroring-2020-heres-when-ada-price-could-peak/" target="_blank" rel="noopener noreferrer nofollow">ADA price forecast</a> with his 30,000 followers on X, formerly Twitter.</p>
<p>The analyst’s chart reveals ADA moving within a<a href="https://corporatefinanceinstitute.com/resources/career-map/sell-side/capital-markets/descending-triangle/#:~:text=A%20descending%20triangle%20refers%20to,is%20lower%20than%20the%20first." target="_blank" rel="noopener noreferrer nofollow"> descending triangle pattern,</a> where the price has been making lower highs while maintaining support around the $0.30-$0.32 range. This pattern, though typically bearish to neutral, appears to be nearing its conclusion, suggesting an imminent breakout.</p>
<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="534" src="https://captainaltcoin.com/wp-content/uploads/2024/10/image-1154-1024x534.png" alt="" class="wp-image-574704" srcset="https://captainaltcoin.com/wp-content/uploads/2024/10/image-1154-1024x534.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1154-300x156.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1154-767x400.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1154-1536x801.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1154-2048x1068.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1154-288x150.png 288w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1154-100x52.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1154-671x350.png 671w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-1154-788x411.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><em><strong>Source: <a href="https://x.com/CryptoBull_360/status/1851444605717553640" target="_blank" rel="noopener noreferrer nofollow">X/@CryptoBull_360</a></strong></em>
 </figcaption>
</figure>
<p>The analysis points to a potential upward move targeting the $0.44 level, which would represent a 20-25% gain from current prices near $0.35. This target zone, marked by a green box on the <a class="wpil_keyword_link" href="https://captainaltcoin.com/cardano-ada-price-prediction/" title="ADA" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">ADA</a> chart, coincides with previous resistance levels where significant selling occurred.</p>
<p>Supporting this potential move is an increase in trading volume, which often precedes significant price action. ADA’s trading volume in the last 24 hours is around $300 million.</p>
<p>The Cardano chart shows strong support at $0.32, where ADA has previously found buying interest. The immediate resistance sits at $0.37, aligned with the descending trendline.</p>
<p><em><strong>Read also: <a href="https://captainaltcoin.com/can-kaspa-kas-still-reach-10-this-bull-run/" target="_blank" rel="noopener noreferrer nofollow">Can Kaspa (KAS) Still Reach $10 This Bull Run?</a></strong></em></p>
<p>Notable order blocks near the $0.37 resistance area indicate zones of high trading activity. A breakthrough above these levels could provide additional momentum for the predicted move toward $0.44.</p>
<p>The rising volume profile adds weight to the possibility of a breakout, particularly if the Cardano price manages to close above the descending trendline resistance.</p>
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/analyst-predicts-cardano-ada-price-could-rally-25-short-term-heres-why/" rel="noopener noreferrer nofollow">Analyst Predicts Cardano (ADA) Price Could Rally 25% Short-Term – Here’s Why</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Analyst Predicts Cardano (ADA) Price Could Rally 25% Short-Term – Here’s Why

Table of Contents

CaptainAltcoin

Other articles published on Oct 30, 2024

Hedera Integrates LayerZero Amid Mainnet v0.54 Release

First Neiro On Ethereum (NEIRO) Price Prediction 2024, 2025, 2026-2030

Bitcoin ETFs Hit Record $870 Million Led by BlackRock’s IBIT Amid BTC Price Rally

U.S. Treasury Analyzes Cryptocurrency Market Impact

Matchain Selected To Join BNB Chain’s Most Valuable Builder (MVB) Program

Could Robinhood’s U.S.-Only Election Market Predict Results Better by Excluding Foreign Influence?

Join our free newsletter for daily crypto updates!