{"id":212193,"date":"2023-12-14T02:18:15","date_gmt":"2023-12-13T20:48:15","guid":{"rendered":"https:\/\/dripp.zone\/news\/cardano-price-prediction-as-pennant-pattern-signals-a-34-breakout-rally-crypto-news\/"},"modified":"2023-12-14T02:18:18","modified_gmt":"2023-12-13T20:48:18","slug":"cardano-price-prediction-as-pennant-pattern-signals-a-34-breakout-rally-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/cardano-price-prediction-as-pennant-pattern-signals-a-34-breakout-rally-crypto-news\/","title":{"rendered":"Cardano Price Prediction As Pennant Pattern Signals a 34% Breakout Rally &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-169201\">\n<p>\nCardano Price Prediction: An upside breakout from the pennant pattern prepares ADA for higher growth.\t\t\t\t<\/p>\n<p><!--\n     \n\n<div class=\"marketThumbs\">\n             <noscript><img width=\"1200\" height=\"681\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/pK7aklvn-e1702499800745.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"ADA price\" decoding=\"async\" fetchpriority=\"high\" \/><\/noscript><\/div>\n\n\n--><\/p>\n<p class=\"MarketsUp f-14 d-block\">  Published 14 seconds ago <\/p>\n<div class=\"Atcs\">\n<p><span style=\"font-weight: 400;\">Cardano Price Prediction: Amid the recent wave of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/here-why-bitcoin-and-crypto-market-falling-today\/\">selling pressure<\/a> in the crypto market, the Cardano price witnessed a minor pullback from the $0.647 mark. Though the correction caused a 20% retracement in the altcoin\u2019s value, it lay with a safety net of Fibonacci retracement and developed into a bullish continuation pattern, indicating the buyer\u2019s strength.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/breaking-cardano-foundation-launches-new-mobile-wallet\/\">Cardano Foundation Launches New Mobile Wallet<\/a><\/p>\n<h2><b>Pennant Pattern Hints Continuation of Uptrend<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The ADA price out from flag pattern sets buyers\u2019 potential for higher recovery<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A 23.6% Fibonacci retracement hints at healthy retracement<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The intraday trading volume in the ADA coin is $1.84 Million, indicating a 7% gain.<\/span><\/li>\n<\/ul>\n<figure style=\"width: 1946px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Cardano Price Prediction\" width=\"1946\" height=\"1105\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/p\/pK7aklvn.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/s3.tradingview.com\/snapshots\/p\/pK7aklvn.png\" alt=\"Cardano Price Prediction\" width=\"1946\" height=\"1105\"\/><\/noscript><figcaption class=\"wp-caption-text\">Cardano Price Prediction| TradingView Chart<\/figcaption><\/figure>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p><span style=\"font-weight: 400;\">The <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/cardano\/\">Cardano price<\/a> entered into an aggressive recovery mode in December, where the coin surged from $0.37 to $0.647 to register 73.3%. This recovery aligned with broader market sentiment and increased volume accentuates sustainable growth.<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">However, on December 11th, the market witnessed a sudden supply pressure which temporarily plunged the ADA price to $0.51. This retracement in the 4-hour time frame chart showed the formation of a Pennant pattern which accentuates minor pullback before the next leap.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">Today, with an intraday gain of 11.8%, the ADA price gave a decisive breakout from the pattern resistance trendline with a suitable follow-up. If the patterns play out in ideal conditions, the post-breakout rally should chase the $0.737 mark, followed by $0.87, to register 35% potential growth.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<h2><b>ADA vs BTC Performance<\/b><\/h2>\n<figure id=\"attachment_169203\" aria-describedby=\"caption-attachment-169203\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-169203 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Cardano vs Bitcoin price\" width=\"1200\" height=\"675\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/image_2023-12-14_02-05-12-e1702500009392.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-169203 size-full\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/image_2023-12-14_02-05-12-e1702500009392.png\" alt=\"Cardano vs Bitcoin price\" width=\"1200\" height=\"675\"\/><\/noscript><figcaption id=\"caption-attachment-169203\" class=\"wp-caption-text\">Source- Cardano vs Bitcoin price<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">In a comparison article, the Cardano and Bitcoin have shown significant growth in the last two months. However, a keen difference between them would be that the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/bitcoin\/\">Bitcoin price<\/a> showcased steady growth which is preferred for breakout trades, while the ADA price showed significant occasional retracement to grab pullback opportunities.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Average Directional Index: <\/b><span style=\"font-weight: 400;\">An upswing in the ADX slope at 24% hints the buyers have enough strength to lead further rally.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Bollinger Band: <\/b><span style=\"font-weight: 400;\">The rising ADA price challenging the upper boundary of the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/bollinger-band\/\">Bollinger band<\/a> reflects bullish momentum and is aggressive.<\/span><\/li>\n<\/ul><\/div>\n<div class=\"MarketBottm\">\n<div class=\"Socilsm\">\n<p>\n                    Share this article on:<\/p>\n<div class=\"LinksSo\">\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/share\/url?url=https:\/\/coingape.com\/markets\/cardano-price-prediction-as-pennant-pattern-sets-a-34-rally\/&#038;text=Cardano Price Prediction As Pennant Pattern Signals a 34% Breakout Rally\" class=\"TeleS\"><i class=\"fa fa-paper-plane-o\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/markets\/cardano-price-prediction-as-pennant-pattern-sets-a-34-rally\/\" data-action=\"share\/whatsapp\/share\" class=\"TeleSwp\"><i class=\"fa fa-whatsapp\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/share?url=https:\/\/coingape.com\/markets\/cardano-price-prediction-as-pennant-pattern-sets-a-34-rally\/\" class=\"tw_new_logo\"><br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\"\/><\/noscript><br \/>\n<\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/coingape.com\/markets\/cardano-price-prediction-as-pennant-pattern-sets-a-34-rally\/\" class=\"TeleSFb\"><i class=\"fa fa-facebook\"\/><\/a>\n                    <\/div>\n<\/p><\/div>\n<\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA169201\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD169201\">\n<p>  The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p>     <!--           <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/category\/price-analysis\/\" class=\"closeArticle2 close-btn\">Close Story<\/a>--><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cardano Price Prediction: An upside breakout from the pennant pattern prepares ADA for higher growth. Published 14 seconds ago Cardano Price Prediction: Amid the recent wave of selling pressure in the crypto market, the Cardano price witnessed a minor pullback from the $0.647 mark. Though the correction caused a 20% retracement in the altcoin\u2019s value, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":212194,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-212193","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/212193","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=212193"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/212193\/revisions"}],"predecessor-version":[{"id":212195,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/212193\/revisions\/212195"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/212194"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=212193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=212193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=212193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}