🤔 This week: TSLA Q3 earnings report - is now the right time to buy the EV giant?Explore TSLA Data

Analyst Predicts ADA Price Surge: Drawing Parallels to 2018-2020

Published 11/16/2023, 09:25 PM
Updated 11/16/2023, 09:45 PM
Analyst Predicts ADA Price Surge: Drawing Parallels to 2018-2020
ADA/USD
-

  • A cryptocurrency analyst predicted that ADA could break through the $0.45 resistance level by the start of December.
  • ADA’s price surged 9+% in the past 24 hours, which left it trading hands at $0.3939 at press time.
  • There has been an increase in media attention surrounding ADA after Steven Nerayoff named it as his “top pick in crypto.”

Well known cryptocurrency trader and analyst, Ali, shared in an X post today that Cardano’s (ADA) current consolidation mirrors the 2018-2020 phase. However, in this case, there is no Covid-19 crash.

After ADA’s 2018-2020 consolidation, the Ethereum-killer experienced a massive spike in its price, and Ali believes this could be the case yet again if history repeats itself. The analyst even predicted that ADA could break through the $0.45 resistance as soon as the first week o…

The post Analyst Predicts ADA Price Surge: Drawing Parallels to 2018-2020 appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.