INSUBCONTINENT EXCLUSIVE:
likely marking the end of a multimonth downtrend that bottomed out at $0.50 in June
ADA price has rallied as much as 9% over the last 24 hours to hit a 20-week high of $0.89 on Friday.ADA Bollinger Bands could ignite
explosive moveADA has the fuel to launch to all-time highs if volatility signals play out like in the past
The current state of the Bollinger Bands (BB) volatility indicator demands that the ADA/USD pair rockets higher.During the latest rally, the
ADA/USD weekly candlestick touched the upper band of the band
When this happens, it can signal an imminent rise above the indicator, indicating the beginning of upside volatility.Related: Price
predictions 7/14: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPEADA breaking the upper band has historically led to massive rallies in
price as seen in 2021 (1,500%), 2022 (117%) and 2024 (300%).The chart below also shows that the Bollinger Bands have begun squeezing, and
the price touching the upper band adds weight to hopes that a similar scenario may now play out.ADA/USD weekly chart with Bollinger Bands
is still about 350% away from its $3.10 all-time high from 2021.However, the price has sent multiple bullish signals on different time
flag is $2.70, or a 216% increase from the current price.Additionally, a golden cross, formed when the 50-day SMA crossed above its 200-day
equivalent last week, reinforces the case for a continuation of the uptrend.ADA/USD weekly chart
Source: Cointelegraph/TradingViewThe moving average convergence divergence indicator (MACD), which measures trend strength, produced a
bullish cross as the ADA/USD trading pair validated a bull flag on the weekly chart
shows that XRP has more room to run before reaching overheated levels, such as in the 2018, 2021, and December 2024 cycle tops.ADA weekly
Source: Cointelegraph/TradingViewEven with the daily RSI at 80, history shows that ADA could still rally 130% more to $1.80, according to
pseudonymous analyst Deezy.This article does not contain investment advice or recommendations
Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
