Cardano ‘Looks Dope,’ Analyst Predicts Big Move Soon

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The winds of fate blow in mysterious ways, as they often do in the world of numbers and chaos. Cardano, with its allure and cool demeanor, now rests at a humble $0.71, but don’t be fooled by its calm appearance. According to the sage Maelius (@MaeliusCrypto), who has gazed into the abyss of X (formerly Twitter), this stillness is but the breath before the plunge—upwards, naturally. His chart, a tapestry stretching across seven years, paints a picture not of stagnation, but of an awaiting awakening. Even with a 45% retreat from the high reached in late 2024, Cardano hasn’t dared to break the sacred line, the rising dashed trend that has cradled every cycle low since the haunting days of 2020 when the pandemic swept the world into turmoil.

The Tantalizing Question: Is Cardano Ready to Rise?

But wait, it gets better. The most recent dip, that modest retreat, merely brushed against a timeworn demand zone, a place where hope still lingers from $0.57 to $0.78. And lo, it didn’t fall but sprang back, marking a classic higher low (HL) like a phoenix from the ashes. The price, ever determined, now stands above the 50-week exponential moving average, which has become something of a beloved trampoline for the coin. Two green candles burst forth, a small yet mighty sign of life, as if to say, “Watch this space.”

Ah, but the tale does not end there. Rewind to March 2024, when the same moving average served as the springboard for a vertical leap, sending ADA to the giddy heights of $1.31—just shy of the dotted, upward-sloping channel that has contained every wild rally since the turn of the decade. And now? The upper boundary of this channel sits near $1.50, and Maelius believes that if the demand zone holds firm, we may just see enough momentum to test that lofty ceiling. Just imagine… 😏

The stars are aligning—sort of. The momentum indicators, those fickle and cryptic soothsayers, have not yet delivered their final judgment. The weekly relative-strength index hovers at 49, squeezing itself into a wedge tighter than a banker’s handshake, carving out higher lows while still respecting the resistance drawn from the peak of 82. Will it break free? Who knows. The Wave-Trend Oscillator, which has bled into oversold territory around −50, now curls upward as if to say, “Maybe, just maybe.” The fast and slow curves might just cross into bullish territory—only time will tell.

And then there’s Maelius, with his charmingly casual remark, “ADA looks dope, or is just me?! Would like to see RSI breakout w/ decisive move on WTO to get super-confident, but price will be higher when (and if) we get it.” His optimism shines through, though his confidence is tempered by the knowing pause of someone who’s seen the market play tricks before. In other words, price might get there before the confirmation, as it has in past cycles.

From a pure market-structure standpoint, ADA is still in an unbroken sequence of higher highs and higher lows, like an unstoppable march towards the future. The downtrend line from 2021’s record high was obliterated over a year ago, and the recent correction seems nothing more than a simple return to a new support level. A brief pause in the grand symphony of rise and fall.

As long as the weekly candles continue to dance above the lower edge of the grey demand block (~$0.57) and the multi-year rising trendline, the road ahead looks like a smooth one leading north. Resistance levels are stacking up like unopened Christmas presents: $0.81 (the swing high from March 2024), $1.31 (December 2024’s peak), and $1.50 (the upper boundary of the channel). Will Cardano scale these heights? If the RSI climbs above 60 and the Wave-Trend Oscillator confirms the bullish cross, then we might all find ourselves at prices far higher than where we are today. The key word here is “might.” 🎢

At the time of writing, ADA is trading at $0.709, a small number, but the future? Well, that’s anyone’s guess.

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2025-04-30 04:21