Cardano’s Risk Model Signals a Comeback — Ready for Liftoff?
The post Cardano’s Risk Model Signals a Comeback — Ready for Liftoff? appeared on BitcoinEthereumNews.com.
Custom risk model shows Cardano score at 31, similar to previous major bottoming patterns. Historically, the current setup mirrors the 2023 right shoulder formation before the bull run. $0.60 support level and descending trendline breakout could trigger a move toward $1.51. Cardano (ADA) may be on the verge of a major comeback, according to emerging data from a custom risk model developed by crypto analysts. The model, which combines multiple data points into a single risk score, currently places ADA at 31, which is strikingly similar to previous market bottoms that preceded substantial rallies. “Look at in green. We have our custom data. It’s a confluence of a lot of data, but it’s bringing into play a risk score,” explains analyst Dan Gambardello. “Around 31 right now… If you look at this when we bottomed out here back here… we saw ADA right around a risk of like 35 and that was kind of the bottoming out formation of that right shoulder,” Gambardello added. A Familiar ALTCOIN SETUP Is Back: CARDANO RISK MODEL Just Flashed Intro: 00:00Bitcoin Dominance & Altcoin Chart Analysis: 00:30Cardano Zoomed Out Analysis: 5:45Cardano Risk Model Explanation: 7:45 pic.twitter.com/oKH3732EKL — Dan Gambardello (@cryptorecruitr) April 17, 2025 This score is significant when compared to ADA’s historical performance. In previous bear markets, Cardano’s risk rating dipped very close to 6-7, but was higher during bull markets. . The current rating of 31 was also witnessed during the formation of the right shoulder in late 2023, was formed during late 2023, right before a strong upward move. While analyzing Cardano’s weekly chart, market observers stated that it resembles an inverse head and shoulders pattern, highlighting the classic technical signal of a market bottom. The present pattern of consolidation has a remarkable similarity to past bottoming patterns before major bull trends.…
Filed under: News - @ April 17, 2025 12:27 pm