As the altcoin season approaches, Cardano (ADA) is gaining momentum, having recorded more than a 14% increase in the past week, according to CoinMarketCap. Notably, a crypto analyst has identified a strong buy signal for ADA, suggesting that it could potentially set off a parabolic rally that might drive the price of Cardano to new all-time highs around $5. Cardano New Buy Signal To Trigger Rally To $5 On September 24, crypto analyst, TradingShot published a detailed analysis and report on Cardano’s price movements, centering on key technical indicators to predict the cryptocurrency’s future price. According to the analyst, Cardano is currently flashing one of the most powerful long-term buy signals possible on the weekly time frame. Related Reading: Shiba Inu Symmetrical Triangle Pattern Reappears, Why A 200% Rally Is Possible Based on this strong buy signal and other technical indicators, the crypto analyst predicts that Cardano could begin a new parabolic rally in the coming weeks. The expectation is that the higher highs trend line will set a resistance level for ADA’s price movements, potentially catalyzing an incre ..
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