Will Cardano Price Hit ATH? Analyst Says “Not the Time to Sell” ADA

Cardano price faces renewed selling pressure as Bitcoin retreats, but analysts suggest it may not be the time to sell. 

This week, the crypto market witnessed renewed selling pressure as Bitcoin price reverted from the $70,000 psychological level.

The altcoin market quickly followed the same momentum and sparked a fresh correction for major digital assets, including Cardano price. However, crypto analysts believe this may “not be the time to sell ADA,”

During Friday’s Asian market session, the ADA price fell 0.8% to $0.34, while its market cap plummeted to $12 Billion. The Cardano buyers’ retesting support from a bullish pattern signals the potential for price reversal amid bullish on-chain indicators.

Cardano Price Set for ATH? Analyst Says “Not the Time to Sell” ADA

In a recent tweet, crypto analyst Deezy.eth. highlighted a recurring pattern in Cardano price that led to a major recovery trend in the following months. The attached image shows a 3-day Heiken Ashi candle with the Relative Strength Index (RSI) momentum indicator.

The analyst discovered that the ADA price, often at the bottom of a downtrend, witnessed a higher formation in the RSI slope. Generally, this bullish divergence signals the buyers reentering the market at a discounted rate, which could drive a renewed recovery trend.

Historical data from December 2018 and March 2028 shows a major reversal following RSI divergence, with one leading to the current ATH of $3.1.

Moreover, Cardano is making waves with its integration into the Bitcoin ecosystem via BitcoinOS (BOS), unlocking over $1.3 trillion in Bitcoin liquidity for its DeFi landscape. This collaboration leverages BOS’s Grail bridge, enabling secure, trustless BTC transfers using zero-knowledge (ZK) cryptography.

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