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A prominent market commentator has predicted a meteoric price development for Cardano amid a bullish start to the new week. Specifically, market expert Ali Martinez expects a rapid price rally for Cardano, the tenth-largest cryptocurrency by market capitalization. The blue-chip asset has had a strong start to the week amid a broader market recovery, and the commentator predicts a move that could lead to a 27% upsurge. Cardano Breaks from Symmetrical Triangle ADA’s price has been setting up nicely within a symmetrical triangle on the hourly timeframe, according to Martinez. The structure’s formation kicked in from the asset’s April 2 high of $0.673, with the lower support line at the April 7 low of $0.512. Meanwhile, Cardano has failed to close above the descending resistance line on multiple attempts, with the latest attempt coming up on April 20, when ADA surged to a high of $0.6346. The altcoin faced resistance at this level, leading to a rejection. At the time of Martinez’s analysis, ADA still traded within the triangle. However, Monday’s price outbreak looks to have set a bullish momentum. ADA has broken upward from the triangle at the time of writing, with its over 3% price rally today ensuring the asset’s freedom. With Cardano now trading above the triangle, the asset could rally 27%, as Martinez has predicted. Notably, this aligns with the depth of the structure, which is the difference between the shape’s top and bottom. If this materializes, ADA would surge to $0.801, a price level last seen in early March. More Upsides for Cardano? Interestingly, another analysis expects more upside for the layer 1 token. According to a recent commentary from prominent market watcher Javon Marks, Cardano has more upward push its sleeve. Marks identified Cardano’s swing between a bullish flag pattern, often accompanied by a breakout to higher prices. The analyst predicted a breakout from the structure, with growing volume a key catalyst for this uptrend. Meanwhile, Marks set the target for the outburst at between $2.70 and $2.91, with the latter proximal to its all-time high of $3.16. Remarkably, a rally to the identified targets from the current market price would entail a 320% and 353% growth, respectively. While these numbers seem impressive, there are far higher predictions for ADA. For instance, millionaire pundit Alex Becker projected a Cardano rebound to $5, changing his earlier bearish disposition towards the asset. Analyst Dan Gamberdello also predicted a surge to $10, citing a forming cup-and-handle price pattern. #ADA #Cardano $ADA

Solana’s recent achievement of surpassing Ethereum in total staked value has sparked a heated debate in the crypto community about its implications. Over $53.9 billion worth of SOL is now staked across the network, with investors enticed by attractive annualized returns surpassing those of ETH. According to blockchain analyst Alex Svanevik, this shift in staked capital raises questions about Solana’s decentralized finance (DeFi) ecosystem stability. Solana briefly outpaced Ethereum in staked token value, inciting debate over bullish or bearish effects on DeFi.$SOL

According to Odaily, Alex Thorn, Head of Research at Galaxy, expressed on the X platform that he believes the U.S. government might purchase Bitcoin this year for strategic reserves. He suggested that the simplest and most likely method would be to utilize its existing digital asset reserves, particularly altcoins.

According to PANews, Nansen CEO Alex Svanevik announced on the X platform that Solana's staking market cap has recently surpassed that of Ethereum. Svanevik revealed that Solana's staking market cap reached $53.96 billion, placing it in the top position, while Ethereum's stands at $53.77 billion, ranking second.

Nansen CEO: SOL's "staking market value" exceeds ETH Nansen CEO Alex Svanevik posted on the X platform: SOL's "Staking Market Cap" has just surpassed ETH. According to data disclosed by Alex Svanevik, SOL's staking market cap reached 53.96 billion US dollars, while ETH was 53.77 billion US dollars.