Ethereum (ETH) competitor Cardano (ADA) could surge by more than 20% if it convincingly breaks a key supply level, according to a popular crypto trader.

一位受歡迎的加密貨幣交易商表示，如果以太坊 (ETH) 競爭對手卡爾達諾 (ADA) 令人信服地突破關鍵供應水平，其價格可能會飆升 20% 以上。

Crypto analyst Ali Martinez tells his nearly 45,000 followers on the social media platform X that ADA “faces a formidable obstacle” in the $0.54 and $0.56 price range.

加密貨幣分析師 Ali Martinez 在社交媒體平台 X 上告訴他的近 45,000 名粉絲，ADA 在 0.54 美元和 0.56 美元的價格範圍內「面臨著巨大的障礙」。

According to Martinez, nearly 50,000 addresses purchased approximately 2 billion ADA between these price points, suggesting that the holders may sell their Cardano troves just to get out at break-even prices.

據 Martinez 稱，近 50,000 個地址在這些價格點之間購買了大約 20 億個 ADA，這表明持有者可能會出售他們的卡爾達諾寶藏，只是為了以收支平衡的價格退出。

However, the trader notes that Cardano may witness a burst to the upside if ADA bulls manage to clear the heavy supply level.

然而，該交易員指出，如果 ADA 多頭設法清除大量供應水平，卡爾達諾可能會大幅上漲。

“Overcoming this resistance could pave the way for a bullish move toward $0.68!”  

“克服這一阻力可能為看漲至 0.68 美元鋪平道路！”

ADA is trading around $0.558 at time of writing. The ninth-ranked crypto asset by market cap is up more than 3% in the past 24 hours.

截至撰寫本文時，ADA 的交易價格約為 0.558 美元。以市值排名第九的加密資產在過去 24 小時內上漲了 3% 以上。

Last week, Martinez predicted that the price of ADA could go up based on the cryptocurrency’s descending triangle chart pattern.

上週，馬丁內斯預測，根據加密貨幣的下降三角形圖表模式，ADA 的價格可能會上漲。

A descending triangle is generally considered a bearish signal as a continuation pattern in an established downtrend, but a breakout in the opposite direction known as a reversal pattern is bullish.

下降三角形通常被認為是看跌訊號，因為它是既定下降趨勢中的延續模式，但相反方向的突破（稱為反轉模式）是看漲訊號。

Says Martinez,

馬丁內斯說，

“A sustained daily close above $0.53 could lead to the start of a 32% rally, potentially pushing $ADA up to $0.68!” 

“每日收盤價持續高於 0.53 美元可能會導致 32% 的上漲，並有可能將 ADA 推升至 0.68 美元！”

Martinez also notes that top memecoin Dogecoin (DOGE) has witnessed a downtick in transaction volume and whale transaction count, which typically indicates lower trading activity.

馬丁內斯也指出，頂級迷因幣狗狗幣（DOGE）的交易量和鯨魚交易數量有所下降，這通常表示交易活動減少。

“This could be a sign that fewer people are buying, selling, or transferring DOGE, possibly due to reduced interest or confidence in it!”

“這可能表明購買、出售或轉讓 DOGE 的人越來越少，可能是因為對其興趣或信心下降！”

At time of writing, DOGE is worth $0.082.

截至撰寫本文時，DOGE 的價值為 0.082 美元。