TL;DR
- Cardano (ADA) rose 4% this week, with one analyst predicting a potential 70% spike due to a bullish pattern.
- Indicators suggest the asset could see further gains, with some signaling a significant price increase by early 2025.
Is It Time for ADA to Shine?
Most leading cryptocurrencies have plunged substantially in the past week, while the global market capitalization dipped by 3.5% daily, currently standing at around $2.35 trillion (per CoinGecko’s data). However, some assets are still in the green on a seven-day scale, with Cardano (ADA) being one example. Its price is up 4% for that period, while analysts expect much more significant gains in the near future.
The X user Captain Faibik claimed that ADA’s “falling wedge breakout” has been finally confirmed after a long consolidation, meaning a 70% rally could be in the cards.
The term refers to a certain bullish chart…
