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Ada Price confirms the escape of the Taurus flag, looking 100% at 1550%.
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Long -term holders have had a record of 15 billion ADA for over a year.
The cardano (ADA) shows signs of advertising months of consolidation, some analysts expecting prices at least in the coming weeks.
Ada Price enters the Stade of the Rupture of the Bull Flag
According to Clifton FX’s analysis, the latest Cardano prices action confirmed an upward escape from a several -day bull flag model on the three -day graph.
The escape follows a regular rise in the lower trend line, with Ada Price now pushing above the keys resistance. Technically, such eruptions often precede a strong upward continuation.
The current projections of Clifton FX indicate a “100-150% of massive bullish rally” in the coming weeks. In other words, ADA’s price can increase to the range from $ 1.60 to $ 1.75 if the momentum takes place. These levels were observed for the last time at the beginning of 2024.
ADA’s upper prospects appear on the context of its significant gains in the last 24 hours, compared to other high-level cryptocurrencies. The Cardano token increased around 20% during the period to reach $ 0.99, a five -month higher.
The gains highlight a renewal of the interest of purchases for the Altcoin market, ADA now among the best surveillance list candidates for merchants betting on high percentage movements.
This includes Trader_jibon, which predicts the price of ADA to recover its November summit at around $ 1.32 – and in the mid -2022 of $ 1.63 thereafter.
The long -term ADA holders have reached a record as peaks of retail interest
ADA’s upward prospects also follow the signs of a long -term strengthening holder (LTH).
On Tuesday, 15 billion ADAs remained insensitive for more than a year, referring to a reduced sales pressure in the middle of the so-called “Altcoin season” buzz.
At the same time, the interest of retail in the wider Altcoin market is increasing.
Google Trends The data reveal that “Altcoin” searches have climbed to the highest level since 2021, while the “cardano” interest is a peak of five months.
Historically, similar peaks have coincided with intense phases of Bitcoin capital rotation and in Altcoins, as during the ICO boom at the beginning of 2018 and the DEFI-NFT overvoltage of 2021.
In relation: Price predictions 8/13: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK, HYPE, XLM
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.