Crypto Analyst Predicts Cardano Price Will Rise 6000% To $33, Here’s The Timeline
December 12 2023 - 1:00PM
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Crypto analyst Tyler Strejilevich has speculated what could be
another tremendous bullish run for Cardano (ADA). Cardano has
already done a 132% gain for its holders since the beginning of the
year, but according to a discovery by this analyst, the token might
just be getting started. In fact, if Strejilevich is right, ADA
could skyrocket by an incredible 6000% from today’s price to $33 in
the next year. Crypto Analyst Tyler Strejilevich Spots Bullish
Signal For Cardano Crypto analyst Tyler Strejilevich made his
discovery known in a post on the social media platform X. In the
post, he noted how ADA is currently at a similar crossroads which
it found itself in July 2020. Related Reading: Shiba Inu Vs
LUNC Burn: Which One Has Had A Better Impact? Using his analysis of
the ADA price chart he shared, Strejilevich noted how the token is
now at a bullish cross on moving averages on the weekly timeframe.
The last time this happened, ADA went on to form many consecutive
bullish candles, going from $0.041 to its current all-time high of
$3.09 in 66 weeks. A repeat would see Cardano reaching $33 by
January 2025. A less optimistic prediction by Changelly puts a $1
prediction by the end of 2025. #ADA is about to get a bullish
weekly cross for the first time since JUNE 2020 The last time this
happened it pumped 6,000% over the next 66 weeks#cardano
pic.twitter.com/xQvvbf3b1O — Tyler Strejilevich (@TylerSCrypto)
December 9, 2023 The bullish crossover is yet to happen, and the
token still has a few weeks to see how this would play out. Of
course, in the volatile world of cryptocurrencies, there’s no
guarantee the price will move as predicted. Nevertheless, Cardano
is poised for a major rally that could extend into the coming
year. ADA price continues to show strength | Source: ADAUSD
on Tradingview.com Current Bullish Performance Of ADA Network
activity, increase in DeFi TVL, and other factors point to Cardano
continuing on its current bull run. It’s important to note that the
last time Cardano went on this 6000% price gain, its blockchain
network was still behind on smart contract functionality. However,
the network has changed since then, with Cardano now one of the
fastest-growing blockchains in terms of smart contracts.
Related Reading: Crypto Analyst Predicts Short-Term XRP Price Rally
To $18 Cardano is currently trading at $0.5754, up by 48.43% in a
7-day timeframe amidst a larger crypto market green week. The
crypto briefly touched the $0.6 level on December 9, reaching
$0.6323 for the first time this year. It has now formed a minor
support at $0.53 and is on its way to revisiting $0.6. On the other
hand, the total crypto market cap has dropped by 5.75% in the past
24 hours, as Bitcoin inflows slowed down. According to a chart
shared by crypto analyst Ali Martinez, Bitcoin miners have sold
around 1,000 BTC worth $44 million since Friday. At the time of
writing, Bitcoin is down by 0.5% in the past 24 hours and 6% from
its yearly high of $44,500. Featured image from Crypto News, chart
from Tradingview.com
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