ADA's Sleeping Bull Market: MACD and Massive Base Formation Have Bears Scrambling for the Exits

Cardano is doing that thing where it pretends to be dead before suddenly sprinting past everyone at the gas station. Technical analysis is lighting up like a Christmas tree, with two particularly juicy bullish signals screaming from the daily chart that have bears nervously checking their stop-losses.

The 13th largest cryptocurrency by market cap put on a modest 3.5% in the past 24 hours, loitering around $0.252 like it's waiting for the bathroom at a crowded festival. Weekly gains came in at a chill 5.3%, because apparently Cardano doesn't need to rush anything.

Technical wizard Javon Marks spotted two distinct bullish developments on the ADA/USDT 3D chart that are making the bears dig their claws into their exit buttons.

The first signal is what analysts lovingly call a "huge base" – a support zone that's been quietly building for years while ADA collectors stared at their wallets and wept. This beautiful cushion absorbed ADA's brutal 90%+ nosedive from its 2021 ATH of $3.10, with the coin hitting rock bottom at $0.239 in December 2022 before doing that thing where it pretends to recover. The base got retested again in June 2023 at $0.220, because why not stress-test your supporters one more time.

Now here's where it gets spicy. ADA pulled a similar base-building stunt between 2019 and 2020, dipping to $0.0177 in March 2020 – which, in retrospect, looks like an incredible Black Friday sale. What happened next was the kind of 14,705% pump that makes people aggressively point at their TradingView charts at parties.

The second signal comes from the MACD indicator, which is currently carving out a base that looks suspiciously similar to the 2020/2021 expansion. The cherry on top? A bullish divergence that would make your grandmother proud: while ADA's price kept making lower lows like it was entering a limbo competition, the MACD line printed higher lows, suggesting the selling pressure is running out