Cardano’s 400% Jump vs. This Utility Altcoin’s 29,000% Growth Potential, Which One Will Lead This Year

With bullish predictions made by crypto experts recently, the Cardano price has failed to live up to expectations amid shifting market conditions.

What ADA couldn’t do in the long run might be pulled off by IntelMarkets’ ongoing presale rally with a 29,000% growth potential. Analysts closely monitor this utility altcoin as it rushes to become the next big thing in the market.

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Cardano (ADA) Signals Recovery After 14% Price Correction

The Cardano price experienced an alarming correction after its price action formed key technical patterns in both higher and lower timeframes. The 4-hour chart reveals ADA completing an ABC corrective wave. The Cardano price touched wave ‘C’ on February 3 at $0.51, slightly below the 0.786 Fibonacci retracement.

This suggests a massive correction may be complete, forming a potential reversal zone for the Cardano price. Before this correction, ADA had undergone an impulsive five-wave rally, peaking at $1.31 on December 3. Following the correction, the Cardano price attempted to recover but found resistance near $0.81 (0.5 Fibonacci retracement).

The Cardano price shows a descending channel pattern in the analysis, which signals a possible breakout. It could confirm a trend shift if ADA clears the $1.02 – $1.13 zone. However, failure to break above resistance may result in extended consolidation or another leg downward. The Relative Strength Index (RSI) on the 4-hour chart has rebounded the Cardano price from oversold territory, suggesting growing bullish momentum.

Cardano (ADA) Technical Indicators & Future Outlook

On the 1-hour chart, a lower-degree Elliott Wave impulse pattern is forming, hinting at a potential upturn. The Cardano price is currently in a corrective wave at around $0.72 within a descending channel after wave one bounced from critical support, reaching $0.81. The current structure often leads to an upward breakout.

If the pattern holds, ADA could initiate a wave three surge above the $0.93 level, targeting $1.02, with a possible final extension in wave five targeting $1.12. These levels align with the 0.382 and 0.236 Fibonacci retracements, providing resistance zones for the Cardano price to watch. However, if ADA fails to break the falling wedge structure, it might dip toward $0.65.

IntelMarkets Steals the Spotlight With 29,000% Growth Potential

IntelMarkets features a diverse selection of AI agents designed for various investment styles, risk tolerances, and asset classes. The platform equips the investors with the ability to deploy ready-to-use agents that have been tested and optimized for performance. Traders can also customize existing agents to align with their specific investment goals and preferences.

The users trading on IntelMarkets can deploy innovative strategies created by expert traders and data scientists within the community. IntelMarkets offers an exclusive Quantum Levels system designed to provide massive monthly income alongside capital gains through its advanced trading bot, pushing the platform towards 29,000% growth potential.

Cardano Whales Show Interest In INTL’s Proprietary L1 Blockchain

IntelMarkets is gaining significant traction for its proprietary L1 blockchain. Early joiners are benefitting from the platform’s lightning-fast processing power of H200 GPUs, ensuring real-time updates and mind-blowing trading experiences. With IntelMarkets, it’s literally hands-free trading with the platform’s AI-powered auto-invest feature.

The platform allows traders to set their preferences and let the bot handle everything from analysis to execution. With Intel’s (up to) 1,000x leverage, users can make up to $100,000 in a single trade with as little as $100. Even the slightest shift in the chart can turn into thousands of dollars in profits with IntelMarkets’ 1,000x leverage feature.

Discover More About Intel Markets:

Presale: https://intelmarkets.io/

Buy Presale: https://buy.intelmarkets.io/

Telegram: https://t.me/IntelMarketsOfficial

Twitter: https://x.com/intel_markets

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This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any action related to cryptocurrencies. CryptoDnes shall not be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any content, goods or services mentioned.