In this video, I discuss the significant developments in the Cardano (ADA) market, emphasizing a crucial move observed on the six-hour chart and its implications on a larger scale. Starting with a zoomed-in analysis, I reflect on a clip from November 17, examining ADA’s performance at the 20-day moving average and the breakout to the upside, forming an ascending triangle that recently culminated in hitting a 45 cent target. I delve into the short-term potentials and risks, pivoting to weekly and monthly charts to analyze ADA’s macro movements. I highlight the importance of ADA breaking past key resistance levels, particularly the 45 cent region, and its potential to define a significant higher high, indicating a shift from bear to bull market dynamics.
Additionally, I examine ADA’s position in the broader crypto market cycle, especially pre-halving, and the implications of its current trendline breakouts. I explore the monthly RSI and compare current momentum with previous cycles, suggesting a strong upside potential for ADA. I also touch on the broader Cardano ecosystem, its native tokens, and the potential parallels with Ethereum’s previous bull market. Finally, I acknowledge the resistance ADA faces and the possibility of retracements, inviting viewers to share their thoughts and continue the discussion in the comments.
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Intro 00:00
Short term ADA target hit 00:30
Huge resistance right now 2:30
If Cardano price falls now 4:30
The flip to bull market 7:30
If ADA keeps going up now 8:00
Cardano bull launchpad! 8:40
Insane monthly momentum chart! 9:10
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34 Comments
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Staking ADA made the grind of the last couple years bearable.
The transparent governance model of Block Sailor BLOCK is welcome. It differentiates it from others!
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What about COTI? I don’t see it in the list your showing
True if big!
Daddy needs an entry point for ADA
Any thoughts on Coti?
Hey Dan please if you can answer, i have couple hundred xrp, should i exchange it with Ada? 🙂
Should i sell my ada ive it hits like 7/8 dollars or should i keep it for the long run. Thats the question i ask myself a lot😮
Hi Dan, you still have coti?
Whats the estimated cost of ADA will be on the end of this rush? Also when will the rush end ?
Please give us your top ten projects on cardano
I play with smaaall butnstake most,spent months addin in dips,i m herenfor .72 and for the whole run to $11 whenever it is..still young..same year as you😅
Best in the space Dan thanks
Let’s go ADA📈📈
You put a big ass in cardano!useless when you compare solana and avalanche!
Hey dan can you cover for us $COTI?
Loving ur ada updates!!!
Wearing the same shirt in w videos is trippy haha 45 cents has been hit lettssss go
How many months/weeks before the halving event does the pullback usually occur?
This thing has been setting for eons
Merry Christmas!
Thx Dan, appreciate your perspective.
Love your vids bro ! From a cardano Fan🎉🎉
ADA 🚀🚀🚀🚀🚀
Let’s go ada!
Nice