Crypto Analyst Trend Rider Cardano holders have been alerted to Cardano’s (ADA) potential for a price surge. Trend Rider’s analysis shows that the crypto token is likely to experience a significant price rally in the near future. Cardano This could result in a price increase of up to $3.
Cardano to Rise To $3 if History Repetition.
Trend Rider is mentioned on a X (formerly Twitter). Post by Cardano could be nearing its “ultimate test of support” before making a massive move upwards. The crypto token’s value could reach $3, he said. This is because the price of Cardano dropped to $0.10 in October 2020. The price of a dollar has risen to $3 afterwards.
Crypto analyst revealed also that Cardano The bullish trend was currently in full swing. Relative Strength Index This could indicate that it is indeed preparing for another parabolic move. This RSI cross-over is an indicator which “perfectly forecasts bull and bear market for ADA.”
Source: X In an earlier Post XTrend Rider explained that Cardano must hold on to its current level of support. Trend Rider said that ADA is at a “critical level” and if the price does not hold, it will fall to $0.25. However, if Cardano holds above its support level then, this may be “the exact bottom now”, before it rises up to $1.
Trend Rider explained that Cardano will be “entirely dependent” on the outcome of Bitcoin. He believes that Carano and other altcoins will see a massive bounce if Bitcoin’s flagship cryptocurrency does well. rises above $65,000 After its current dip in price. Trend Rider said that if Bitcoin continues to drop, it will be in “bear-market mode.”
Cardano Will Not Be Red Forever
Alan Santana is a crypto analyst. The ADA has given a sense of hope to ADA owners. Statement The crypto token will not remain red for ever. This statement was made while admitting that Cardano had maintained its a Bearish OutlookThe stock market has been down for the past seven weeks. He remains optimistic about the future. Future of crypto currency He predicts Cardano to experience “a big green” “in the latter part of 2024, and for most of 2025.”
Santana noted this is a great time to buy ADA for long-term investors. He also highlighted the $0.40 to $0.45 price range as a “buy zone”. Predicted Cardano may drop its efforts to gain support.
Cardano was trading around $0.45 at the time this article was written, down nearly 2% over the past 24 hours. The following are some of the most effective ways to increase your ROI: CoinMarketCap.
ADa price struggles to hold $0.45 | Source: ADAUSDT on Tradingview.com Chart from Tradingview.com, image from The Daily Hodl
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