Cardano, the smart contract platform powered by Cardano (ADA), could experience massive gains over the next few weeks according to a crypto analyst who is well-known.
Ali Martinez, a crypto trader, told his 107.500 followers in a recent strategy session on social media platform X, that if Ethereum (ETH), the rival cryptocurrency, continues to follow the pattern of the last cycle, the price could soar by a stunning 266%.
“ADA looks like the last cycle. I think a major move is coming. The push towards $4 could happen in a matter of weeks.
ADA currently trades at $1.09, a gain of 13.5% in the past 24 hours.
Martinez then moves on to Bitcoin (BTC), the most valuable crypto asset in terms of market capital, and explains how it could be confirmed that Bitcoin will break out again.
BTC is still at a crucial point. It could be that this is just a retesting of the moving average (50-day MA) prior to a possible move lower. It is important to confirm the bullish trend by confirming a sustained close above 50-day MA.
At the time of this writing, flagship digital assets are trading at $98,625 – a 1.7% rise on the previous day.
Martinez concluded his analysis using the Tom Demark Sequential Indicator (TD), which traders use to determine potential price reversals for assets. The tool, he says, is presenting a positive signal for privacy-focused Worldcoin and modular blockchain Celestia.
WLD and TIA were trading at $2.40 each and $5.44 respectively, as of the time this article was written.
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Sources of Images include Pixabay Creative Commons & Midjourney
The post “A Big Move is Near”: Crypto Trader Suggests Ethereum’s Competitor could Skyrocket 266% in a Few weeks may be updated as new information becomes available.
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