The stars may finally align Cardano (ADA) and its holdersas crypto tokens have recently experienced issues. major reversal And the trading volume soared. Interestingly, this development coincides with a super bullish prediction made by one crypto analyst for the crypto token.
Crypto analyst predicts Cardano to rise to $9
Crypto Analyst Altcoin Daily Revealed on X (formerly Twitter) post The highest target price for Cardano in this bull market is $9. The analyst joins other crypto analysts who have made super bullish predictions for Cardano, despite how low the cryptocurrency token is currently trading. Until now, Dan Gambardellofounder of Crypto Capital Venture, predicted Cardano could rise to as much as $11 during this bull market.
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meanwhile, Cryptocurrency expert Jason Appleton predicted Cardano could rise as high as $32 during this bull run. Specifically, he said this will occur at the peak of this market cycle. Altcoin Daily’s prediction comes amid his 90% surge in Cardano trading volume. This suggests that more investors are accumulating crypto tokens ahead of this parabolic rally.
Cardano’s price has already reacted positively to this development, with the crypto token seeing a reversal from its downward trend. Crypto Analyst Trend Rider It suggested that this reversal could start an upward trend for Cardano. I got it. The crypto token is currently holding its support level very well.
Analysts also revealed: bears is currently trying to push the crypto token further down, but he claimed that they will get bored if Cardano can hold this support for another week or two. If that happens, Trendrider said Carano will rebound from current price levels.
Making an eloquent case for the ADA
Crypto analyst Ali Martinez He recently made a bullish case against Cardano.he mentioned in an article ×post It looks like the crypto token is ready parabolic bull run. Martinez alluded to Cardano’s historical trends and explained why the 50% price drop the cryptocurrency token has experienced over the last month could be a good buying opportunity.
Mr. Martinez claimed that cardano In 2019, it consolidated within a parallel channel, marking the end of the bear market. After that “plateau,” ADA reportedly broke out of the channel with a 75% surge, then experienced a 56% correction, setting the stage for a 4,095% price increase in its bull market.
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martinez He further pointed out that with Cardano consolidating within the parallel channel and ending the bear market, a similar situation is likely to unfold again. ADA then broke out of this channel with a 72% price surge after this period of stagnation.Currently, Cardano is experiencing a 50% price correction similar to 2019, which Martinez describes as an “impressive Cattle running First. “
ADA price is still below $0.5 | Source: ADAUSDT on Tradingview.com
Featured image from Watcher Guru, chart from Tradingview.com
