{"id":98480,"date":"2023-05-23T15:33:58","date_gmt":"2023-05-23T15:33:58","guid":{"rendered":"https:\/\/dripp.zone\/news\/index.php\/2023\/05\/23\/bullish-indicators-signal-cardano-ada-price-is-ready-for-a-bull-run-crypto-news\/"},"modified":"2023-05-23T15:34:01","modified_gmt":"2023-05-23T15:34:01","slug":"bullish-indicators-signal-cardano-ada-price-is-ready-for-a-bull-run-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bullish-indicators-signal-cardano-ada-price-is-ready-for-a-bull-run-crypto-news\/","title":{"rendered":"Bullish Indicators Signal Cardano (ADA) Price Is Ready For A Bull Run\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-149345\">\n<p><!--\n     \n\n<div class=\"marketThumbs\">\n             <noscript><img loading=\"lazy\" width=\"1200\" height=\"681\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/05\/23195320\/6LTuQN5C-e1684851821362.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Cardano coin\" decoding=\"async\" srcset=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/05\/23195320\/6LTuQN5C-e1684851821362.png 1200w, https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/05\/23195320\/6LTuQN5C-e1684851821362-300x170.png 300w, https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/05\/23195320\/6LTuQN5C-e1684851821362-768x436.png 768w, https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/05\/23195320\/6LTuQN5C-e1684851821362-150x85.png 150w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/noscript><\/div>\n\n\n--><\/p>\n<p class=\"MarketsUp f-14 d-block\">Published 13 minutes ago  <\/p>\n<div class=\"Atcs\">\n<p><span style=\"font-weight: 400;\">The <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/cardano\/\">Cardano (ADA) price<\/a> in a long-term chart shows a series of higher highs and higher lows projecting an established uptrend as per the Dow theory.  With the overall trend being bullish, interested traders hold a high probability of success in entering a long position.  Given below are three reasons why ADA price may witness a significant recovery in the coming months.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<p><strong>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/cardano-founder-decentralized-updates-ledger-controversy\/\">Cardano Founder Calls For \u201cDecentralized Updates\u201d Over Ledger Controversy<\/a><\/strong><\/p>\n<h2><strong>Cardano Price at Crucial Support<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Cardano Coin\" width=\"1946\" height=\"1105\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/0\/0ZgHM99K.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/s3.tradingview.com\/snapshots\/0\/0ZgHM99K.png\" alt=\"Cardano Coin\" width=\"1946\" height=\"1105\"\/><\/noscript>Source- Tradingview<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Over the last five months, the Cardano coin price has witnessed a sustained uptrend under the influence of a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/parallel-channel-pattern\/\">parallel channel pattern<\/a>,  The support trendline of this setup stands as an accumulation zone where the market participant has shown interest in buying the dip.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Amid the recent correction in the crypto market, the ADA price has experienced a significant correction and plunged back to dynamic support.  By the press time, the altcoin trades at $0.37 and hovers above the trendline trying to establish suitable support.<\/span><\/p>\n<h2><strong>New Bullish Pattern On Daily Chart<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"cardano coin\" width=\"1946\" height=\"1105\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/x\/XRidU00j.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/s3.tradingview.com\/snapshots\/x\/XRidU00j.png\" alt=\"cardano coin\" width=\"1946\" height=\"1105\"\/><\/noscript>Source- Tradingview<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Using the $0.355 and lower trendline as the base support, the Cardano coin price shows the formation <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/double-bottom-pattern\/#:~:text=It%20is%20formed%20when%20a,downtrend%20in%20the%20asset's%20price.\">double bottom pattern<\/a>,  This pattern is one of the famous bullish reversal setups that could intensify the underlying buying pressure upon the breakout of neckline resistance.<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">With sustained buying, the ADA price will likely reach the $0.38 resistance, offering a long entry opportunity for traders.<\/span><\/p>\n<\/blockquote>\n<h2><strong>Bullish RSI On The Daily<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\"><img decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"TradingView Charts\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/y\/y75wwjKf.png\"\/><noscript><img decoding=\"async\" src=\"https:\/\/s3.tradingview.com\/snapshots\/y\/y75wwjKf.png\" alt=\"TradingView Charts\"\/><\/noscript>Source- Tradingview<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/rsi-relative-strength-index\/\">Relative Strength Index (RSI)<\/a> is a famous chart indicator used to measure the strength and momentum of a price movement.  Amidst the formation of a double bottom pattern, the RSI slope shows an evident rise indicating the increasing buying pressure in this coin. <\/span><span style=\"font-weight: 400;\">This bullish divergence gives additional confirmation for bullish reversal and completion of the aforementioned chart pattern.<\/span><\/p>\n<h2><strong>Will Cardano Price Break $0.5?<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\"><img decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"TradingView Charts\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/6\/6LTuQN5C.png\"\/><noscript><img decoding=\"async\" src=\"https:\/\/s3.tradingview.com\/snapshots\/6\/6LTuQN5C.png\" alt=\"TradingView Charts\"\/><\/noscript>Source- Tradingview<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<p><span style=\"font-weight: 400;\">A bullish reversal from the support trendline could trigger a new recovery cycle within the channel pattern.  In an ideal bullish scenario, this reversal will drive a sustained rally to the overhead trendline near the $0.5 psychological level, indicating a potential growth of 35%.<\/span><\/p>\n<\/p><\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA149345\">\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>From the past 5 years I am working in Journalism.  I follow the Blockchain &#038; Cryptocurrency from last 3 years.  I have written on a variety of different topics including fashion, beauty, entertainment, and finance.  Reach out to me at brian(at)coingape.com                         <\/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\/97819e56237550ccb85011dd23b241ea?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\/97819e56237550ccb85011dd23b241ea?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?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=\"TabD149345\">\n<p>    The content presented 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","protected":false},"excerpt":{"rendered":"<p>Published 13 minutes ago The Cardano (ADA) price in a long-term chart shows a series of higher highs and higher lows projecting an established uptrend as per the Dow theory. With the overall trend being bullish, interested traders hold a high probability of success in entering a long position. Given below are three reasons why [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":98481,"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-98480","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\/98480","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=98480"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/98480\/revisions"}],"predecessor-version":[{"id":98482,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/98480\/revisions\/98482"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/98481"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=98480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=98480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=98480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}