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<p class="is-style-lead">A popular YouTube crypto analyst known as LuckSide Crypto believes Cardano has entered a new bullish era and is poised for significant gains in the coming years.</p> 
<p>In a video posted on Nov. 30, the analyst pointed to Cardano’s (ADA) price chart, noting that it has broken out above a long-term bearish trendline that had been in place since August 2022. He said ADA has shown sustainability trading above this level over the past week, even retesting it as support.</p> 
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 <p>ADA’s on the very bullish side of things right now. We’re above that 20-day moving average. We’ve seen very bullish crosses over the last, what, five weeks?</p> 
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<p> You might also like: <a href="https://crypto.news/analyst-likens-upcoming-xrp-run-to-bitcoin/"> Analyst likens upcoming XRP run to Bitcoin </a> </p> 
<p>The analyst highlighted bullish moving average crosses on the 20-day, 50-day, 100-day, and 200-day timeframes as technical indicators all flipping positive. He believes this signals the start of a new uptrend in ADA.</p> 
<p>The price of Bitcoin (<a href="https://crypto.news/price/bitcoin/">BTC</a>) also remains key, according to the video, as the overall crypto market tends to trade in correlation with it. The analyst noted that Bitcoin had just printed a new yearly high around $38,400. He believes if Bitcoin can close the year out strong, it could provide momentum for altcoins like ADA as well.</p> 
<p>Additionally, the analyst cited several potential bullish catalysts on the horizon that could fuel crypto gains. These included a Bitcoin spot ETF, conclusion of the Ripple (<a href="https://crypto.news/price/xrp/">XRP</a>) lawsuit, and continuing cryptocurrency adoption.</p> 
<p>The trader believes prices seen during this year’s bear market will be “nothing” compared to next year’s if the bull run resumes as expected. While short-term pullbacks are still possible, he says the chances of revisiting the cycle lows under 20 cents are increasingly unlikely at this stage.</p> 
<p> Read more: <a href="https://crypto.news/will-ustc-stay-bullish-analyst-weighs-in/"> Will USTC stay bullish? Analyst weighs in </a> </p>

Analyst: Bull run incoming for ADA

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