ADA Market Analysis & Price Prediction || 08 April, 2024 || Steem Alliance

Assalamu Alaikum Friends,
Hope everyone is well, and healthy. Bitcoin's Expected Halfing was captured on April 7, 2021. This time may be less. Bitcoin has broken his previous all-time hi before Halving. And it is expected that Bitcoin will make its new hi soon. Bitcoin is currently in the Buying Fomo. Because of this, there is no sign of the prize dumping, but the prize is constantly pumping. On this blog today I will do Ada Coin's Market Analysis and Prize Prediction. Hope you like this analysis. Let's get started without delay:

The main coin of the Cardano blockchain is ADA. All types of blockchain work are done through the proof-of-stake (POS). This blockchain supports a multi-asset ledger. This coin was issued on October 02, 2017. This blockchain has gained huge popularity day by day because of multi-asset ledger support.

The coin touched its all-time high on Sep 02, 2021. This all-time high price is $3.10 and the current price is $0.6123. So it is expected that this coin will again pump the price by showing a glimpse in the upcoming alt coin bull market. For the past few months, ADA has been in a good bullish movement. Below is a screenshot and explanation of its analysis:-


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[4 hour Candle](https://steemit.com/submit.html?category=hive-150122)





^{ScreenShots From TradingView}



We can see that the Ada Coin has made the inverse head and solder pattern in the 4-hour time frame. When the D point of this pattern comes along the head, **the Inverse Head and Solder** pattern are confirmed. Once the inverse head and solder pattern are confirmed, the price begins to pump.


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[1 Day Candle](https://steemit.com/submit.html?category=hive-150122)






^{ScreenShots From TradingView}


In this part, **Falling Edge** has created a pattern. In this type of pattern, the market is always bullshit and the prize pumps a lot more. Again, we can see the above, as well. Break out is up to 90% of chance. So from this analysis, it is understood that Ada's price will pump up and move upwards.

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[1 Week Candle](https://steemit.com/submit.html?category=hive-150122)






^{ScreenShots From TradingView}


The candles of the 1-week time frame made the **ascending pattern.** Such patterns always bring bullish movement to the market. Again, the above two analyses and the market are repeatedly indicating the market is bullish. Short Time Frame and Longer Time Frame both show the chance to be a market bullish 5%.




**My Prediction:-** The above analysis is repeatedly hosting the market bullish. So as my prediction, I can say that Ada's Prize is likely to be in this zone in the next few weeks.