Altcoins Stir as Bitcoin Dominance Wobbles—Cardano (ADA) Eyes a Breakout
- Bitcoin dominance is at a crucial support—if it breaks down, altcoins might finally run.
- Cardano’s structure mirrors previous bull phases, with a breakout brewing near $0.85.
- If ADA crosses the $1.25 “bull market door,” it could mark the start of a long-term rally.
Things are starting to shift in crypto land. Bitcoin’s just kinda… chillin’, holding steady with not much action, but altcoins? They’re getting some green in their cheeks again. Feels like the early signs of an “altcoin season,” but for it to really take off, something’s gotta give—namely, Bitcoin dominance.
Back in November, we saw BTC dominance dip. Folks got excited, thinking altcoins were about to fly—but nope. That dip bounced off the 50-week moving average like a rubber ball, and the rally fizzled. Now here we are again, staring down that same support level. Déjà vu, maybe. Opportunity, possibly.
If Bitcoin dominance breaks down from here, we might finally get that long-awaited alt rally. A solid, months-long one—not just a weekend pump.
Cardano’s Turn to Shine?
Among the buzzing altcoins, Cardano (ADA) is catching attention. A well-followed analyst pointed out that ADA’s structure right now is spookily similar to past breakout points. It’s trading around $0.85, and some of the indicators… well, they’re flashing green.
Here’s what’s wild: ADA’s current risk score is sitting in the low 40s. That’s the same zone it was in when it cost just $0.10 to $0.20 back in older cycles. The difference? This time it’s already priced higher—suggesting more strength under the hood.
On top of that, Cardano just pushed above a key monthly moving average, something it’s only done three times in its history. Each of those times led to big runs. Oh, and the MACD on the weekly? It just flipped green. The last time that happened was late 2020. And we all know what came next…
Can ADA Kick Down the Bull Market Door?
Short-term, ADA’s gunning for the $1.00–$1.15 range. That’s the next hurdle. If it clears that with conviction, then we’re looking at the $1.20–$1.25 zone—the so-called “bull market door.”
That’s the line in the sand. If ADA can bust through it, we could be talking about a full-on trend reversal. A new chapter. Maybe even a multi-month rally that flips the whole narrative.
But, as always in crypto, it’s one candle at a time.
The post Altcoins Stir as Bitcoin Dominance Wobbles—Cardano (ADA) Eyes a Breakout first appeared on BlockNews.
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Altcoins Stir as Bitcoin Dominance Wobbles—Cardano (ADA) Eyes a Breakout
- Bitcoin dominance is at a crucial support—if it breaks down, altcoins might finally run.
- Cardano’s structure mirrors previous bull phases, with a breakout brewing near $0.85.
- If ADA crosses the $1.25 “bull market door,” it could mark the start of a long-term rally.
Things are starting to shift in crypto land. Bitcoin’s just kinda… chillin’, holding steady with not much action, but altcoins? They’re getting some green in their cheeks again. Feels like the early signs of an “altcoin season,” but for it to really take off, something’s gotta give—namely, Bitcoin dominance.
Back in November, we saw BTC dominance dip. Folks got excited, thinking altcoins were about to fly—but nope. That dip bounced off the 50-week moving average like a rubber ball, and the rally fizzled. Now here we are again, staring down that same support level. Déjà vu, maybe. Opportunity, possibly.
If Bitcoin dominance breaks down from here, we might finally get that long-awaited alt rally. A solid, months-long one—not just a weekend pump.
Cardano’s Turn to Shine?
Among the buzzing altcoins, Cardano (ADA) is catching attention. A well-followed analyst pointed out that ADA’s structure right now is spookily similar to past breakout points. It’s trading around $0.85, and some of the indicators… well, they’re flashing green.
Here’s what’s wild: ADA’s current risk score is sitting in the low 40s. That’s the same zone it was in when it cost just $0.10 to $0.20 back in older cycles. The difference? This time it’s already priced higher—suggesting more strength under the hood.
On top of that, Cardano just pushed above a key monthly moving average, something it’s only done three times in its history. Each of those times led to big runs. Oh, and the MACD on the weekly? It just flipped green. The last time that happened was late 2020. And we all know what came next…
Can ADA Kick Down the Bull Market Door?
Short-term, ADA’s gunning for the $1.00–$1.15 range. That’s the next hurdle. If it clears that with conviction, then we’re looking at the $1.20–$1.25 zone—the so-called “bull market door.”
That’s the line in the sand. If ADA can bust through it, we could be talking about a full-on trend reversal. A new chapter. Maybe even a multi-month rally that flips the whole narrative.
But, as always in crypto, it’s one candle at a time.
The post Altcoins Stir as Bitcoin Dominance Wobbles—Cardano (ADA) Eyes a Breakout first appeared on BlockNews.
Read More