In this video, I discuss the current trends and potential movements in the cryptocurrency market, focusing primarily on Cardano (ADA) and drawing comparisons with Solana’s recent performance. I analyze the daily and six-hour charts of ADA, highlighting its bullish potential and the need for caution given the current market dynamics. I observe ADA’s resistance and support levels, noting a 75 cent target out of a symmetrical triangle, and a possible downside to 41 cents. By examining Solana’s previous patterns, I suggest that ADA might follow a similar trajectory. I emphasize the importance of consolidation before hitting macro targets and caution about potential pullbacks and throwbacks. Additionally, I touch on short-term resistance and the significance of moving averages in the context of ADA’s price movement. I conclude by expressing my bullish outlook on crypto in general, while stressing the importance of being aware of overall market sentiment and prepared for various scenarios.
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Intro 00:00
Alton indicators 00:50
Solana indicator helps ADA holders AGAIN 1:30
Continued ADA consolidation 3:00
.75 vs. .41 ADA price 3:30
The bigger story 4:30
What if crypto starts falling? 6:40
Zoom out and pay attention to this 8:00
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23 Comments
pullbacks are not necessary especially since were so far under fair market value with a bull on the horizon imo
I sold. Not because I don't believe in ADA, but because historically there's a capitalization event before the run. Had an average of .29 and looking forward to go even harder now once it touches .40 and below.
12 cents soon
Hoping for 40ish cents… I wanna buy more there π
Hi Dan,
Hope it will not go back to 0.40 cent. I am so Bullish on CARDANO too. God bless
Regards from Scotland
Merry Christmas to you and your family in advance π
Similar to Solana indicating the last pump early, Binance indicated this one early
KDA 7$ 2024
To be honest I'm only here for the hopium. Take it easy on the downside discussions
Great video as always
Hey Dan please if you can answer, i have couple hundred xrp, should i exchange it with Ada? π
what about siacoin ? $SC
π€πΌπ€πΌ
Did anyone get the Charles Hoskinsin add.. I havent looked into it but advise everyone to NOT SCAN the code. Advertisement looked AI generated
Good T A, ty
Another banger Dan!
My average price to buy ada is 31 cents. Lets see what happens in future.
ADA to the moon on this next bull run! Most popular coins will all go up.
Ada 2024 Ocak 1$ πππ
You're top tier
My crypto portfolio is more than 50% ADA. What do you think will happen if ADA is listed as a security?
Really coulda used a few more months at .25βΉοΈ
We going up
God bless, thank you Dan!