An experienced crypto analyst predicts significant gains for the smart contract platform Cardano (ADA) in the near future.
In a recent analysis, crypto trader Ali Martinez shares with his 107,500 followers on the social media platform X that Cardano (ADA) could potentially surge by 266% if it follows a similar pattern to the last cycle, reaching $4 in a matter of weeks.
“ADA is showing similarities to its previous cycle, hinting at an imminent major move. A push towards $4 could be on the horizon!”
Currently, ADA is trading at $1.09, reflecting a 13.5% increase in the last 24 hours.
Transitioning to the leading cryptocurrency by market cap, Martinez highlights how Bitcoin (BTC) could confirm its next breakout.
“BTC is at a crucial juncture. It could be a retest of the 50-day MA before a potential downward move. A sustained close above the 50-day MA is crucial to signal the end of the correction and confirm bullish momentum.”
At present, Bitcoin is trading at $98,625, marking a 1.7% increase for the day.
Concluding his analysis using the Tom Demark (TD) Sequential indicator, Martinez points out a bullish signal for the privacy-focused project Worldcoin (WLD) and the modular blockchain Celestia (TIA).
Worldcoin (WLD) and Celestia (TIA) are currently trading at $2.40 and $5.44, respectively.
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Generated Image: Midjourney
