{"id":627530,"date":"2024-07-03T07:00:41","date_gmt":"2024-07-03T07:00:41","guid":{"rendered":"https:\/\/shenyangcang.com\/?p=627530"},"modified":"2024-07-02T19:21:06","modified_gmt":"2024-07-02T19:21:06","slug":"cardano-breaks-out-of-falling-wedge-pattern-analyst-predicts-70-rally-for-ada","status":"publish","type":"post","link":"https:\/\/shenyangcang.com\/news\/cardano\/cardano-breaks-out-of-falling-wedge-pattern-analyst-predicts-70-rally-for-ada\/","title":{"rendered":"Cardano Breaks Out Of Falling Wedge Pattern, Analyst Predicts 70% Rally For ADA"},"content":{"rendered":"

Cardano (ADA) has correlated with the broader market, experiencing a retracement from its yearly high of $0.810 in March to as low as $0.357 on June 22. However, ADA has now deviated from the struggles of <\/span>Bitcoin <\/span><\/a>(BTC) and Ethereum (ETH), exhibiting a 2% increase in the past 24 hours and over 12% in the past two weeks.<\/span><\/p>\n

Explosive Rally For Cardano<\/span><\/h2>\n

Intriguingly, technical analysts believe that ADA could be on the verge of an explosive rally in the coming weeks, potentially retesting its yearly high and setting the stage for a surge above the $1 mark.<\/span><\/p>\n

Crypto analyst Captain Fabik points to the <\/span>confirmed <\/span><\/a>Falling Wedge Breakout on ADA’s daily chart, with the token surpassing the crucial $0.407 price mark on Tuesday.\u00a0<\/span><\/p>\n

Fabik predicts a bullish rally of approximately 70% for ADA in the coming months, envisioning a price around $0.704, just below the yearly high.<\/span><\/p>\n

Related Reading: Bitcoin Miners Slow Down Selling In July, What This Could Mean For Price<\/a><\/div>\n

Echoing this sentiment, optimistic users\u00a0<\/span>anticipate<\/span>\u00a0<\/a>a solid bullish rally for ADA, expecting a move toward the $0.80 mark shortly, citing the formed Falling Wedge pattern.<\/span><\/p>\n

However, not all analysts share the same level of bullishness. Crypto Bullet offers a more cautious perspective. While acknowledging potential <\/span>price increases<\/span><\/a> for ADA, Crypto Bullet does not foresee new all-time highs in this bull cycle.\u00a0<\/span><\/p>\n

Instead, Crypto Bullet <\/span>suggests <\/span><\/a>that the highest ADA can reach during this cycle is the 0.786 Fibonacci level. The analyst sets macro targets at $1.15 and $1.80, highlighting the current gap of over 86% from ADA’s all-time high of $3.09 during the 2021 bull run.<\/span><\/p>\n

Bullish Sentiment Surrounds ADA<\/span><\/h2>\n

Cardano (ADA), currently boasting a market capitalization of $14.6 million, shows further technical indicators on its daily chart, suggesting a bullish continuation of the current uptrend.<\/span><\/p>\n

Market expert Jesse Olson <\/span>highlights <\/span><\/a>the pending buy signal on the daily chart of ADA, accompanied by bullish targets set for the token.\u00a0<\/span><\/p>\n

Indicators signaling this bullish sentiment include a bullish divergence, a buy signal on the Relative Strength Index (RSI), and a bullish crossover on the Moving Average Convergence\/Divergence Indicator (MACD).<\/span><\/p>\n

\"Cardano\"
Price targets for the Cardano price. Source: Jesse Olson on X<\/a><\/figcaption><\/figure>\n

Analyzing the chart, Olson predicts a continuous climb for ADA’s price, initially targeting the $0.470 mark, followed by a move just below the $0.550 level. According to the analysis, the ultimate price target is $0.650.<\/span><\/p>\n

However, despite mounting bullish predictions, several resistance levels remain to be overcome. As ADA currently trades at $0.415, the token faces its first challenge at the $0.418 mark in weeks.<\/span><\/p>\n

On its path to the $0.600 level, Cardano’s native token will encounter <\/span>key resistance walls<\/span><\/a> at $0.438, $0.503, $0.517, and $0.590. The ADA must overcome these notable hurdles to reclaim previously lost levels.<\/span><\/p>\n

Related Reading: 36% Explosion! ENS Coin Steals The Spotlight In The Crypto Market<\/a><\/div>\n

As the bullish sentiment grows, attention turns to the upcoming Chang upgrade, which is set to deploy a new set of governance features to Cardano.\u00a0<\/span><\/p>\n

This upgrade aims to unlock the final features of on-chain governance, including delegated representative participation and treasury withdrawals. The impact of these developments on <\/span>ADA’s uptrend<\/span><\/a> remains to be seen.<\/span><\/p>\n

\"Cardano\"
The daily chart shows ADA’s price recovery. Source: ADAUSD on TradingView.com<\/a><\/figcaption><\/figure>\n

Featured image from DALL-E, chart from TradingView.com\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Cardano (ADA) has correlated with the broader market, experiencing a retracement from its yearly high of $0.810 in March to as low as $0.357 on June 22. However, ADA has now deviated from the struggles of Bitcoin (BTC) and Ethereum (ETH), exhibiting a 2% increase in the past 24 hours and over 12% in the past two weeks. Explosive Rally For Cardano Intriguingly, technical analysts believe that ADA could be on the verge of an explosive rally in the coming weeks, potentially retesting its yearly high and setting the stage for a surge above the $1 mark. Crypto analyst Captain Fabik points to the confirmed Falling Wedge Breakout on ADA’s daily chart, with the token surpassing the crucial $0.407 price mark on Tuesday.\u00a0 Fabik predicts a bullish rally of approximately 70% for ADA in the coming months, envisioning a price around $0.704, just below the yearly high. Related Reading: Bitcoin Miners Slow Down Selling In July, What This Could Mean For Price Echoing this sentiment, optimistic users\u00a0anticipate\u00a0a solid bullish rally for ADA, expecting a move toward the $0.80 mark shortly, citing the formed Falling Wedge pattern. However, not all analysts share the same level of bullishness. Crypto Bullet offers a more cautious perspective. While acknowledging potential price increases for ADA, Crypto Bullet does not foresee new all-time highs in this bull cycle.\u00a0 Instead, Crypto Bullet suggests that the highest ADA can reach during this cycle is the 0.786 Fibonacci level. The analyst sets macro targets at $1.15 and $1.80, highlighting the current gap of over 86% from ADA’s all-time high of $3.09 during the 2021 bull run. Bullish Sentiment Surrounds ADA Cardano (ADA), currently boasting a market capitalization of $14.6 million, shows further technical indicators on its daily chart, suggesting a bullish continuation of the current uptrend. Market expert Jesse Olson highlights the pending buy signal on the daily chart of ADA, accompanied by bullish targets set for the token.\u00a0 Indicators signaling this bullish sentiment include a bullish divergence, a buy signal on the Relative Strength Index (RSI), and a bullish crossover on the Moving Average Convergence\/Divergence Indicator (MACD). Analyzing the chart, Olson predicts a continuous climb for ADA’s price, initially targeting the $0.470 mark, followed by a move just below the $0.550 level. According to the analysis, the ultimate price target is $0.650. However, despite mounting bullish predictions, several resistance levels remain to be overcome. As ADA currently trades at $0.415, the token faces its first challenge at the $0.418 mark in weeks. On its path to the $0.600 level, Cardano’s native token will encounter key resistance walls at $0.438, $0.503, $0.517, and $0.590. The ADA must overcome these notable hurdles to reclaim previously lost levels. Related Reading: 36% Explosion! ENS Coin Steals The Spotlight In The Crypto Market As the bullish sentiment grows, attention turns to the upcoming Chang upgrade, which is set to deploy a new set of governance features to Cardano.\u00a0 This upgrade aims to unlock the final features of on-chain governance, including delegated representative participation and treasury withdrawals. The impact of these developments on ADA’s uptrend remains to be seen. Featured image from DALL-E, chart from TradingView.com\u00a0<\/p>\n","protected":false},"author":589,"featured_media":627531,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16896],"tags":[12333,91353,89347,89456,84005,89643,89798,86092,14643,79508,12332,15138,16039,14301,12552,89230,16253],"class_list":["post-627530","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cardano","tag-ada","tag-ada-cardano","tag-ada-news","tag-ada-performance","tag-ada-price","tag-ada-price-analysis","tag-ada-price-chart","tag-ada-price-prediction","tag-adausd","tag-adausdt","tag-cardano","tag-cardano-ada-price","tag-cardano-ada-price-analysis","tag-cardano-ada","tag-cardano-analysis","tag-cardano-news","tag-latest-cardano-news"],"acf":[],"yoast_head":"\nCardano Breaks Out Of Falling Wedge Pattern, Analyst Predicts 70% Rally For ADA<\/title>\n<meta name=\"description\" content=\"Technical analyst predicts a bullish rally of 70% for Cardano (ADA), envisioning a price around $0.704, just below the yearly high.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/shenyangcang.com\/news\/cardano\/cardano-breaks-out-of-falling-wedge-pattern-analyst-predicts-70-rally-for-ada\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cardano Breaks Out Of Falling Wedge Pattern, Analyst Predicts 70% Rally For ADA\" \/>\n<meta property=\"og:description\" content=\"Technical analyst predicts a bullish rally of 70% for Cardano (ADA), envisioning a price around $0.704, just below the yearly high.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/shenyangcang.com\/news\/cardano\/cardano-breaks-out-of-falling-wedge-pattern-analyst-predicts-70-rally-for-ada\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-03T07:00:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-02T19:21:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/07\/Screenshot_249.jpg?fit=1145%2C740\" \/>\n\t<meta property=\"og:image:width\" content=\"1145\" \/>\n\t<meta property=\"og:image:height\" content=\"740\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ronaldo Marquez\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Rmmcapital\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ronaldo Marquez\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/shenyangcang.com\/news\/cardano\/cardano-breaks-out-of-falling-wedge-pattern-analyst-predicts-70-rally-for-ada\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/shenyangcang.com\/news\/cardano\/cardano-breaks-out-of-falling-wedge-pattern-analyst-predicts-70-rally-for-ada\/\"},\"author\":{\"name\":\"Ronaldo Marquez\",\"@id\":\"https:\/\/shenyangcang.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c\"},\"headline\":\"Cardano Breaks Out Of Falling Wedge Pattern, Analyst Predicts 70% Rally For ADA\",\"datePublished\":\"2024-07-03T07:00:41+00:00\",\"dateModified\":\"2024-07-02T19:21:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/shenyangcang.com\/news\/cardano\/cardano-breaks-out-of-falling-wedge-pattern-analyst-predicts-70-rally-for-ada\/\"},\"wordCount\":551,\"publisher\":{\"@id\":\"https:\/\/shenyangcang.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/shenyangcang.com\/news\/cardano\/cardano-breaks-out-of-falling-wedge-pattern-analyst-predicts-70-rally-for-ada\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/07\/Screenshot_249.jpg?fit=1145%2C740\",\"keywords\":[\"ADA\",\"ADA Cardano\",\"ADA news\",\"ADA performance\",\"ADA price\",\"ADA price analysis\",\"ADA price chart\",\"ADA Price Prediction\",\"adausd\",\"ADAUSDT\",\"Cardano\",\"Cardano (ADA) Price\",\"Cardano (ADA) Price Analysis\",\"Cardano ADA\",\"Cardano analysis\",\"Cardano news\",\"Latest Cardano News\"],\"articleSection\":[\"Cardano\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/shenyangcang.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/shenyangcang.com\/news\/cardano\/cardano-breaks-out-of-falling-wedge-pattern-analyst-predicts-70-rally-for-ada\/\",\"url\":\"https:\/\/shenyangcang.com\/news\/cardano\/cardano-breaks-out-of-falling-wedge-pattern-analyst-predicts-70-rally-for-ada\/\",\"name\":\"Cardano Breaks Out Of Falling Wedge Pattern, Analyst Predicts 70% Rally For ADA\",\"isPartOf\":{\"@id\":\"https:\/\/shenyangcang.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/shenyangcang.com\/news\/cardano\/cardano-breaks-out-of-falling-wedge-pattern-analyst-predicts-70-rally-for-ada\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/shenyangcang.com\/news\/cardano\/cardano-breaks-out-of-falling-wedge-pattern-analyst-predicts-70-rally-for-ada\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/07\/Screenshot_249.jpg?fit=1145%2C740\",\"datePublished\":\"2024-07-03T07:00:41+00:00\",\"dateModified\":\"2024-07-02T19:21:06+00:00\",\"description\":\"Technical analyst predicts a bullish rally of 70% for Cardano (ADA), envisioning a price around $0.704, just below the yearly high.\",\"breadcrumb\":{\"@id\":\"https:\/\/shenyangcang.com\/news\/cardano\/cardano-breaks-out-of-falling-wedge-pattern-analyst-predicts-70-rally-for-ada\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/shenyangcang.com\/news\/cardano\/cardano-breaks-out-of-falling-wedge-pattern-analyst-predicts-70-rally-for-ada\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/shenyangcang.com\/news\/cardano\/cardano-breaks-out-of-falling-wedge-pattern-analyst-predicts-70-rally-for-ada\/#primaryimage\",\"url\":\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/07\/Screenshot_249.jpg?fit=1145%2C740\",\"contentUrl\":\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/07\/Screenshot_249.jpg?fit=1145%2C740\",\"width\":1145,\"height\":740,\"caption\":\"Cardano\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/shenyangcang.com\/news\/cardano\/cardano-breaks-out-of-falling-wedge-pattern-analyst-predicts-70-rally-for-ada\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/shenyangcang.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Cardano Breaks Out Of Falling Wedge Pattern, Analyst Predicts 70% Rally For ADA\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/shenyangcang.com\/#website\",\"url\":\"https:\/\/shenyangcang.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/shenyangcang.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/shenyangcang.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/shenyangcang.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/shenyangcang.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/shenyangcang.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/shenyangcang.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/shenyangcang.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c\",\"name\":\"Ronaldo Marquez\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/shenyangcang.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g\",\"caption\":\"Ronaldo Marquez\"},\"description\":\"Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth. However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape. Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.\",\"sameAs\":[\"https:\/\/instagram.com\/itsmarquez_fr?igshid=ZDdkNTZiNTM=\",\"https:\/\/x.com\/Rmmcapital\"],\"url\":\"https:\/\/shenyangcang.com\/author\/ronaldomarquez\/\"}]}<\/script>\n","yoast_head_json":{"title":"Cardano Breaks Out Of Falling Wedge Pattern, Analyst Predicts 70% Rally For ADA","description":"Technical analyst predicts a bullish rally of 70% for Cardano (ADA), envisioning a price around $0.704, just below the yearly high.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/shenyangcang.com\/news\/cardano\/cardano-breaks-out-of-falling-wedge-pattern-analyst-predicts-70-rally-for-ada\/","og_locale":"en_US","og_type":"article","og_title":"Cardano Breaks Out Of Falling Wedge Pattern, Analyst Predicts 70% Rally For ADA","og_description":"Technical analyst predicts a bullish rally of 70% for Cardano (ADA), envisioning a price around $0.704, just below the yearly high.","og_url":"https:\/\/shenyangcang.com\/news\/cardano\/cardano-breaks-out-of-falling-wedge-pattern-analyst-predicts-70-rally-for-ada\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-07-03T07:00:41+00:00","article_modified_time":"2024-07-02T19:21:06+00:00","og_image":[{"width":1145,"height":740,"url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/07\/Screenshot_249.jpg?fit=1145%2C740","type":"image\/jpeg"}],"author":"Ronaldo Marquez","twitter_card":"summary_large_image","twitter_creator":"@Rmmcapital","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Ronaldo Marquez","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/shenyangcang.com\/news\/cardano\/cardano-breaks-out-of-falling-wedge-pattern-analyst-predicts-70-rally-for-ada\/#article","isPartOf":{"@id":"https:\/\/shenyangcang.com\/news\/cardano\/cardano-breaks-out-of-falling-wedge-pattern-analyst-predicts-70-rally-for-ada\/"},"author":{"name":"Ronaldo Marquez","@id":"https:\/\/shenyangcang.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c"},"headline":"Cardano Breaks Out Of Falling Wedge Pattern, Analyst Predicts 70% Rally For ADA","datePublished":"2024-07-03T07:00:41+00:00","dateModified":"2024-07-02T19:21:06+00:00","mainEntityOfPage":{"@id":"https:\/\/shenyangcang.com\/news\/cardano\/cardano-breaks-out-of-falling-wedge-pattern-analyst-predicts-70-rally-for-ada\/"},"wordCount":551,"publisher":{"@id":"https:\/\/shenyangcang.com\/#organization"},"image":{"@id":"https:\/\/shenyangcang.com\/news\/cardano\/cardano-breaks-out-of-falling-wedge-pattern-analyst-predicts-70-rally-for-ada\/#primaryimage"},"thumbnailUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/07\/Screenshot_249.jpg?fit=1145%2C740","keywords":["ADA","ADA Cardano","ADA news","ADA performance","ADA price","ADA price analysis","ADA price chart","ADA Price Prediction","adausd","ADAUSDT","Cardano","Cardano (ADA) Price","Cardano (ADA) Price Analysis","Cardano ADA","Cardano analysis","Cardano news","Latest Cardano News"],"articleSection":["Cardano"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/shenyangcang.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/shenyangcang.com\/news\/cardano\/cardano-breaks-out-of-falling-wedge-pattern-analyst-predicts-70-rally-for-ada\/","url":"https:\/\/shenyangcang.com\/news\/cardano\/cardano-breaks-out-of-falling-wedge-pattern-analyst-predicts-70-rally-for-ada\/","name":"Cardano Breaks Out Of Falling Wedge Pattern, Analyst Predicts 70% Rally For ADA","isPartOf":{"@id":"https:\/\/shenyangcang.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/shenyangcang.com\/news\/cardano\/cardano-breaks-out-of-falling-wedge-pattern-analyst-predicts-70-rally-for-ada\/#primaryimage"},"image":{"@id":"https:\/\/shenyangcang.com\/news\/cardano\/cardano-breaks-out-of-falling-wedge-pattern-analyst-predicts-70-rally-for-ada\/#primaryimage"},"thumbnailUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/07\/Screenshot_249.jpg?fit=1145%2C740","datePublished":"2024-07-03T07:00:41+00:00","dateModified":"2024-07-02T19:21:06+00:00","description":"Technical analyst predicts a bullish rally of 70% for Cardano (ADA), envisioning a price around $0.704, just below the yearly high.","breadcrumb":{"@id":"https:\/\/shenyangcang.com\/news\/cardano\/cardano-breaks-out-of-falling-wedge-pattern-analyst-predicts-70-rally-for-ada\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/shenyangcang.com\/news\/cardano\/cardano-breaks-out-of-falling-wedge-pattern-analyst-predicts-70-rally-for-ada\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/shenyangcang.com\/news\/cardano\/cardano-breaks-out-of-falling-wedge-pattern-analyst-predicts-70-rally-for-ada\/#primaryimage","url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/07\/Screenshot_249.jpg?fit=1145%2C740","contentUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/07\/Screenshot_249.jpg?fit=1145%2C740","width":1145,"height":740,"caption":"Cardano"},{"@type":"BreadcrumbList","@id":"https:\/\/shenyangcang.com\/news\/cardano\/cardano-breaks-out-of-falling-wedge-pattern-analyst-predicts-70-rally-for-ada\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/shenyangcang.com\/"},{"@type":"ListItem","position":2,"name":"Cardano Breaks Out Of Falling Wedge Pattern, Analyst Predicts 70% Rally For ADA"}]},{"@type":"WebSite","@id":"https:\/\/shenyangcang.com\/#website","url":"https:\/\/shenyangcang.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/shenyangcang.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/shenyangcang.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/shenyangcang.com\/#organization","name":"NewsBTC","url":"https:\/\/shenyangcang.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/shenyangcang.com\/#\/schema\/logo\/image\/","url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/shenyangcang.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/shenyangcang.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c","name":"Ronaldo Marquez","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/shenyangcang.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g","caption":"Ronaldo Marquez"},"description":"Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth. However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape. Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.","sameAs":["https:\/\/instagram.com\/itsmarquez_fr?igshid=ZDdkNTZiNTM=","https:\/\/x.com\/Rmmcapital"],"url":"https:\/\/shenyangcang.com\/author\/ronaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Cardano Breaks Out Of Falling Wedge Pattern, Analyst Predicts 70% Rally For ADA","url":"http:\/\/shenyangcang.com\/news\/cardano\/cardano-breaks-out-of-falling-wedge-pattern-analyst-predicts-70-rally-for-ada\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/shenyangcang.com\/news\/cardano\/cardano-breaks-out-of-falling-wedge-pattern-analyst-predicts-70-rally-for-ada\/"},"thumbnailUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/07\/Screenshot_249.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/07\/Screenshot_249.jpg?fit=1145%2C740"},"articleSection":"Cardano","author":[{"@type":"Person","name":"Ronaldo Marquez"}],"creator":["Ronaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ada","ada cardano","ada news","ada performance","ada price","ada price analysis","ada price chart","ada price prediction","adausd","adausdt","cardano","cardano (ada) price","cardano (ada) price analysis","cardano ada","cardano analysis","cardano news","latest cardano news"],"dateCreated":"2024-07-03T07:00:41Z","datePublished":"2024-07-03T07:00:41Z","dateModified":"2024-07-03T07:00:41Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Cardano Breaks Out Of Falling Wedge Pattern, Analyst Predicts 70% Rally For ADA\",\"url\":\"http:\\\/\\\/shenyangcang.com\\\/news\\\/cardano\\\/cardano-breaks-out-of-falling-wedge-pattern-analyst-predicts-70-rally-for-ada\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/shenyangcang.com\\\/news\\\/cardano\\\/cardano-breaks-out-of-falling-wedge-pattern-analyst-predicts-70-rally-for-ada\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/Screenshot_249.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/Screenshot_249.jpg?fit=1145%2C740\"},\"articleSection\":\"Cardano\",\"author\":[{\"@type\":\"Person\",\"name\":\"Ronaldo Marquez\"}],\"creator\":[\"Ronaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ada\",\"ada cardano\",\"ada news\",\"ada performance\",\"ada price\",\"ada price analysis\",\"ada price chart\",\"ada price prediction\",\"adausd\",\"adausdt\",\"cardano\",\"cardano (ada) price\",\"cardano (ada) price analysis\",\"cardano ada\",\"cardano analysis\",\"cardano news\",\"latest cardano news\"],\"dateCreated\":\"2024-07-03T07:00:41Z\",\"datePublished\":\"2024-07-03T07:00:41Z\",\"dateModified\":\"2024-07-03T07:00:41Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/shenyangcang.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/07\/Screenshot_249.jpg?fit=1145%2C740","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts\/627530"}],"collection":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/users\/589"}],"replies":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/comments?post=627530"}],"version-history":[{"count":0,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts\/627530\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/media\/627531"}],"wp:attachment":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/media?parent=627530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/categories?post=627530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/tags?post=627530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}