Cardano Declared “Back in Business” as Bullish Diamond Bottom Holds

TheNewsCryptoPublicado a 2025-12-29Actualizado a 2025-12-29

Resumen

Cardano (ADA) is showing signs of a potential bullish reversal after successfully retesting the support level of a multi-year diamond bottom formation on its weekly chart. The pattern, which began forming in April 2018, saw ADA break out in October 2023 and rally significantly into early 2024. After a correction, the token retested the diamond support around $0.27 in August 2024, leading to a 389% surge. Following another pullback, ADA recently retested the same critical support level again, with analysts interpreting this as a confirmation of the pattern's validity. This successful retest suggests a possible renewed bullish momentum, with one analyst maintaining a long-term price target of $48.

Cardano may be positioned for a rebound after retesting the support level of a multi-year bullish chart pattern. Analyst “The ChartWhisperer” suggested in an analysis that ADA could bounce from current price. This is because ADA is revisiting diamond bottom support on the weekly timeframe.

The token is already showing signs of recovery. After posting three consecutive green daily candles from Friday through Sunday, the rally extended into Monday’s trading session with Cardano gaining over 3% during early hours.

Diamond pattern emerges from 2018 price structure

The analyst noted on September 2, 2024, that Cardano’s price chart formed a diamond bottom pattern. Weekly chart analysis reveals the coin has traded within this diamond-shaped structure since April 2018. ADA broke out from the pattern in October 2023, climbing from approximately $0.24 to reach $0.81 by March 2024.

The token entered a correction phase after hitting this peak price. Cardano retested the diamond breakout zone around $0.27 in August 2024. A successful retest triggered another bullish wave for the asset, driving strong price growth through December 2024. ADA surged from lows of $0.27 to a high of $1.32, marking a 389% increase.

Current retest mirrors historical pattern behavior

TheChartWhisperer highlighted similar occurrences in Cardano’s recent price action. Following the December 2024 high, the token recorded another pullback, retracing 71% to present levels. The chart displays a flash crash to $0.27 on October 10, which retested the diamond bottom support before rebounding to $0.70.

The cryptocurrency has since gradually declined to last week’s low of $0.34. The analyst sees a repeat of previous price development from the support zone, stating that Cardano is “back in business.”

From current levels, he anticipates a price surge to new heights. His ADA forecast of $48 remains active. The analyst projected this move in his September 2024 Cardano price prediction. While the target did not materialize during that timeframe, the current retest of major support has reactivated the projection.

The diamond bottom pattern typically signals a reversal from bearish to bullish price action. Successful retests of breakout levels often confirm pattern validity and can lead to extended rallies.

Preguntas relacionadas

QWhat chart pattern did analyst TheChartWhisperer identify in Cardano's price structure?

AThe analyst identified a diamond bottom pattern in Cardano's weekly chart that has been forming since April 2018.

QWhat was the price range of ADA's initial breakout from the diamond pattern in October 2023?

AADA broke out from approximately $0.24 in October 2023 and reached $0.81 by March 2024.

QHow much did Cardano's price increase during the bullish wave following the August 2024 retest?

AADA surged 389% from lows of $0.27 to a high of $1.32 following the successful retest in August 2024.

QWhat key support level did Cardano retest in October 2024 according to the analysis?

ACardano retested the diamond bottom support level at $0.27 on October 10, 2024 before rebounding.

QWhat price target does TheChartWhisperer maintain for Cardano despite it not materializing in September 2024?

AThe analyst maintains an active price forecast of $48 for ADA, which was initially projected in September 2024.

Lecturas Relacionadas

Hoskinson Denies Cardano Exit Rumors: ‘I’m Not Leaving’

Cardano founder Charles Hoskinson dismissed rumors of his departure, clarifying in a June 4 livestream that he is only stepping back from public communication, not resigning from the project. This followed community concern after his "taking a break" post on X. Hoskinson cited an unsustainable level of online toxicity, with nearly one-third of replies to his posts being hostile or abusive, making meaningful engagement nearly impossible. While acknowledging X's role in crypto information flow, he stated the psychological cost is too high. He emphasized his focus remains on technological development like RealFi, Midnight, and research, not on ADA's price. Hoskinson described a "tale of two Cardanos": significant protocol advancements versus poor market performance leading critics to label it a failure. He called for the community to resolve this dissonance by moving discussions away from X, rethinking incentives, and developing a new shared roadmap. He was critical of the Cardano Foundation's lack of accountability. Hoskinson announced he will take time away from public videos and social media to reflect, but will continue working on Midnight. He stated he will only engage in channels where he is treated with respect and dignity.

bitcoinistHace 1 hora(s)

Hoskinson Denies Cardano Exit Rumors: ‘I’m Not Leaving’

bitcoinistHace 1 hora(s)

There’s An FOMC Meeting Scheduled This Month, But Will The Fed Decision Affect Bitcoin?

The Federal Open Market Committee (FOMC) is scheduled to meet on June 16-17, with markets widely expecting the Fed to maintain interest rates at their current level of 3.5-3.75%. According to the CME FedWatch Tool, there is a 99.4% probability of rates remaining unchanged. The outcome of this meeting is anticipated to impact Bitcoin's price. If rates are held steady, Bitcoin's current market trajectory is likely to continue unchanged. Conversely, an unexpected rate hike could trigger bearish sentiment by reducing investor risk appetite and market liquidity, potentially leading to sell-offs. A rate cut, though currently considered improbable, would be the most bullish scenario, encouraging investment in risk assets like Bitcoin and potentially driving its price higher.

bitcoinistHace 2 hora(s)

There’s An FOMC Meeting Scheduled This Month, But Will The Fed Decision Affect Bitcoin?

bitcoinistHace 2 hora(s)

Anthropic's IPO Launch: Commercial Miracle or Valuation Bubble?

Anthropic has confidentially filed for an IPO, led by Morgan Stanley and Goldman Sachs, potentially going public by October. Following its latest $650 billion funding round, its pre-IPO valuation stands at $965 billion, with projections reaching up to $2 trillion at listing, which would make it the highest-valued private company ever. The article, written by Fu Sheng, addresses skepticism that this represents an AI bubble akin to the 2000 dot-com crash. It argues the current situation differs fundamentally. Unlike the internet bubble era, which relied on speculative narratives with little revenue, Anthropic's valuation is backed by unprecedented, measurable financial performance. Key data points include: * **Revenue Growth:** ARR skyrocketed from $10 billion in early 2025 to $470 billion by May 2026, targeting $100 billion by year-end—a growth curve unmatched in business history. * **Profitability:** It achieved operating profitability in Q2 2026 with an estimated $5.6 billion profit. * **Efficiency:** With ~3,000 employees and ~$470 billion ARR, its revenue per employee exceeds $10 million. Products like Claude Code, launched less than a year ago, already generate $25 billion in annualized revenue. * **Enterprise Adoption:** It boasts a strong enterprise client base, with 8 of the Fortune 10 and over 1,000 large firms spending over $1 million annually on Claude. The valuation is framed using a traditional SaaS model (e.g., a 10x Price-to-Sales multiple on $100 billion revenue). The author contends the core question for analysts has shifted from "How big could this be?" to "How much is it earning and will earn next quarter?" The discussion extends beyond Anthropic to a broader paradigm shift: the transition from a "carbon-based" to a "silicon-based" economy. Companies are increasingly prioritizing investment in compute and AI capabilities over human resources, as these directly scale productivity and competitive advantage. Anthropic's IPO is thus positioned not just as a corporate milestone, but as a price anchor for this new economic era.

链捕手Hace 2 hora(s)

Anthropic's IPO Launch: Commercial Miracle or Valuation Bubble?

链捕手Hace 2 hora(s)

US Senators Press Bank Regulators For ‘Fair’ Crypto Capital Rules

A group of U.S. Senate Republicans, led by Senator Cynthia Lummis, is urging federal bank regulators to establish clear and fair capital rules for banks involved with crypto assets. In a letter to the Federal Reserve, FDIC, and OCC, the lawmakers criticized the international Basel Committee's standards, which impose a punitive 1,250% risk weight on crypto assets, calling it a de facto ban not based on actual risk. They applauded recent interagency guidance that granted tokenized securities the same capital treatment as traditional ones, arguing this risk-based principle should apply consistently to all digital assets. The senators called on the agencies to develop a new capital framework, aligning with recent legislative progress on crypto market structure. Their push coincides with testimonies from top regulators, who emphasized a shift toward more risk-based supervision and responsible innovation, while also addressing stablecoin oversight under new proposals.

bitcoinistHace 3 hora(s)

US Senators Press Bank Regulators For ‘Fair’ Crypto Capital Rules

bitcoinistHace 3 hora(s)

Near Returns to the AI Stage: Transformation into a Public Chain Due to 'Payroll Difficulties,' Agent and Privacy Emerge as New Growth Narratives

NEAR Returns to AI Origins: From Payroll Struggles to Blockchain, Now Focusing on AI Agents and Privacy NEAR Protocol's journey began not with grand blockchain ambitions, but from a practical hurdle: its AI startup founders, including Transformer paper co-author Illia Polosukhin, couldn't efficiently pay international developers in 2017. This led them to pivot and build a high-performance, scalable blockchain. After years navigating various crypto narratives like sharding and cross-chain interoperability, NEAR is now leveraging its AI roots to re-enter the AI arena. A key driver is its "NEAR Intents" layer, which abstracts complex cross-chain transactions. Users simply state their goal (e.g., swap BTC for ETH), and a solver network finds the optimal route. This system has processed over $20B in cross-chain volume, generating significant fee revenue. A major growth area is private transactions via "Confidential Intents/Swaps," which hide trade details until settlement to protect against MEV and front-running. Remarkably, private swaps recently accounted for over 40% of NEAR's transaction volume, highlighting strong demand but also potential regulatory scrutiny. With its AI-founder pedigree, NEAR is positioning itself at the intersection of blockchain, AI agents, and privacy, aiming to become infrastructure for the emerging agent economy while navigating the challenges of its rapid adoption.

marsbitHace 5 hora(s)

Near Returns to the AI Stage: Transformation into a Public Chain Due to 'Payroll Difficulties,' Agent and Privacy Emerge as New Growth Narratives

marsbitHace 5 hora(s)

Trading

Spot

Futuros

Artículos destacados

Cómo comprar ADA

¡Bienvenido a HTX.com! Hemos hecho que comprar Cardano (ADA) sea simple y conveniente. Sigue nuestra guía paso a paso para iniciar tu viaje de criptos.Paso 1: crea tu cuenta HTXUtiliza tu correo electrónico o número de teléfono para registrarte y obtener una cuenta gratuita en HTX. Experimenta un proceso de registro sin complicaciones y desbloquea todas las funciones.Obtener mi cuentaPaso 2: ve a Comprar cripto y elige tu método de pagoTarjeta de crédito/débito: usa tu Visa o Mastercard para comprar Cardano (ADA) al instante.Saldo: utiliza fondos del saldo de tu cuenta HTX para tradear sin problemas.Terceros: hemos agregado métodos de pago populares como Google Pay y Apple Pay para mejorar la comodidad.P2P: tradear directamente con otros usuarios en HTX.Over-the-Counter (OTC): ofrecemos servicios personalizados y tipos de cambio competitivos para los traders.Paso 3: guarda tu Cardano (ADA)Después de comprar tu Cardano (ADA), guárdalo en tu cuenta HTX. Alternativamente, puedes enviarlo a otro lugar mediante transferencia blockchain o utilizarlo para tradear otras criptomonedas.Paso 4: tradear Cardano (ADA)Tradear fácilmente con Cardano (ADA) en HTX's mercado spot. Simplemente accede a tu cuenta, selecciona tu par de trading, ejecuta tus trades y monitorea en tiempo real. Ofrecemos una experiencia fácil de usar tanto para principiantes como para traders experimentados.

1.5k Vistas totalesPublicado en 2024.12.10Actualizado en 2026.06.02

Discusiones

Bienvenido a la comunidad de HTX. Aquí puedes mantenerte informado sobre los últimos desarrollos de la plataforma y acceder a análisis profesionales del mercado. A continuación se presentan las opiniones de los usuarios sobre el precio de ADA (ADA).