Cardano Price Chart Prints Bullish Signal Hinting at Massive Upward Rally, Can ADA Hit $3 Before Golden Bull Phase?

June 8, 2024 at 12:08 PM GST 2 mins read Crypto Live News

Cardano’s price chart prints possible bullish wave signals.
An analyst expects ADA price to spike rapidly to a massive price rate.
Will ADA break previous ATH before the golden bull run phase this cycle?

The crypto market experienced volatile movement from Bitcoin (BTC) and altcoin earlier today leading to major price dips. Assets like BTC, VET, ETH, SHIB, DOGE, ADA, and many other popular tokens took a dip. However, many have already begun to recover from the dip moving at a rapidly high upward trajectory.

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Meanwhile, many analysts see this dip as a healthy dip to weigh out the high volume that the crypto market saw over the last few weeks. Presently, analysts are watching the altcoin and Bitcoin charts closely to see what altcoin will go up next.

Amidst the many altcoins gaining attention for a possible price surge from VET and JASMY, ADA is also gaining some attention. According to the founder of CryptoCapitalVenture, ADA is gearing up for a massive price surge.

Blink and you might miss what happens next.

Cardano $ADA. pic.twitter.com/4RtGxN1c3k
— Dan Gambardello (@cryptorecruitr) June 7, 2024

In particular, he shares the price chart of Cardano (ADA) and shares his observation. From the looks of the chart shared, ADA is repeating a similar price pattern that was once followed by a massive price spike.

Using this price chart observation, the analyst hints that another similar massive price spike is imminent for Cardano’s native token (ADA). He also hints that the price spike will happen suddenly and rapidly.

Based on the chart, it looks like Cardano (ADA) price could surpass $3. This is very exciting considering that the price of ADA set an ATH at $3.1 in the last crypto cycle. Looks like ADA is finally gearing up to join the other altcoins in the ongoing bull cycle.

This leg up is strongly supported by the latest message from the Founder of Cardano (ADA), Charles Hoskinson. Amid talks of Cardano being an obsolete blockchain, Charles Hoskinson addressed the greater crypto market to highlight all of ADA’s achievements and shared bullish expectations for the project.