• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Amazon and Walmart Eye Launch of Their Own Crypto, Details
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Amazon and Walmart Eye Launch of Their Own Crypto, Details
ADA

Crypto Analyst Identifies Cardano (ADA) Bullish Cross That Led To 6,000% Increase

Scott Matherson
by Scott Matherson
1 year ago
·
Posted in Cardano, Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

A crypto analyst has identified an indicator that could suggest that Cardano’s (ADA) price is set to enjoy a parabolic move. This comes just as the altcoin led others as the top gainer in the last 24 hours. 

Related Reading: Bitcoin ‘Targeting $50,000’ In The Next Few Days, These Analysts Say

ADA On The Way Up If This Happens

In a post on his X (formerly Twitter) platform, crypto analyst Tyler Strejilevich noted that ADA is about to get a bullish weekly cross for the first time since June 2020. The last time this happened, the crypto token was said to have climbed 6,000% in a period that lasted over a year. 

This indicator seems to spell a very bullish momentum for ADA, as Strejilevich sounded very optimistic about the new heights ADA could attain if this happens. He went as far as labeling ADA potentially seeing a bullish weekly cross as “Big.” According to him, this isn’t something he doesn’t usually say, probably in a bid to amplify the magnitude of this happening. 

ADA holders will be hoping that this happens as the crypto token needs all the momentum it can get, even as the bull run draws near. ADA has so far had some naysayers who believe that the token will underperform when the bull market returns. One of them happens to be crypto analyst Lady of Crypto, who once outlined five reasons for her stance. 

Cardano currently trading at $0.6238  level today. Chart: TradingView.com

Interestingly, one of the reasons she mentioned then was that Cardano was underperforming in terms of total value locked (TVL) on the network. Cardano was ranked in 15th position at the time in terms of the TVL on different chains. That has significantly changed as, at the time of writing, Cardano stands at 9th based on this metric. 

That would suggest that liquidity is flowing into the Cardano ecosystem. It could also mean that many are more bullish on the network’s decentralized finance (DeFi) landscape, which has become one of its major selling points since after the last bull run. 

ADA To Break Above $0.6?

ADA had hit $0.6 during its most recent rally. However, it faced strong resistance at that price level before it eventually cooled off. However, some predict that it won’t be long before it breaks above that resistance level. If that happens, crypto analyst Sebastian noted that the next resistance levels to keep an eye on are $0.66 and $0.75

Related Reading: Bitcoin ETF: Catalyst Or Controversy In The Crypto Universe?

In the meantime, Sebastian mentioned that a bit of consolidation would be “healthy” for ADA before it makes a run again. Considering that the crypto token has been rallying for some days now, this is highly expected. 

At the time of writing, ADA is trading at around $0.59, up by over 24% in the last 24 hours, according to data from CoinMarketCap. 

Featured image from Shutterstock

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Scott Matherson

Scott Matherson

Follow

Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.

Full Profile

Related Posts

Crypto

Crypto Just Got Pricier In Brazil: 17.5% Tax Kicks In

6 hours ago
crypto

Vietnam Says Yes To Crypto In Bold Legal Shift – Details

5 hours ago
Best Altcoins to Replace Visa and Mastercard After $60B Stock Slump

Best Altcoins to Replace Visa and Mastercard After $60B Stock Slump

9 hours ago
Whales Buy $495K Solaxy in Two Days: The Best Crypto Presale Ends in One Day

Whales Buy $495K Solaxy in Two Days: The Best Crypto Presale Ends in One Day

12 hours ago
Ripple

SEC, Ripple Approach Court Again Over $125 Million Escrow Fund – Details

1 day ago
Crypto

Crypto Evasion Under Fire: India Launches Major Enforcement Blitz

1 day ago

Premium Sponsors

Press Releases

  • DOGE, XRP, Pi price prediction for June: Cloud mining may...

    3 hours ago
  • XRP and DOGE holders quietly turn to APT Miner, earning...

    16 hours ago
  • 2025’s Best Performing CloudMiner, Holding a Secret...

    20 hours ago
  • XRP and Doge Investors Quietly Move to APT Miner: Earning...

    20 hours ago
  • ETHRANSACTION Mining Platform: “Just tap your phone...

    21 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.