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Renowned crypto analyst Michael Van de Popp predicts that Cardano (ADA) is all set to get into 5 dollars milestone soon. He also claims that the ADA may exceed that.
Michael van de Poppe He attributes his ADA predictions to historical price flows and Bitcoin price flows. On September 7, the ADA reached a low RSI level 15.25 Indicates an overbought scenario. Poppe indicates that this expected ADA price has the potential to reach new higher levels.
Earlier, the analyst predicted that the price of BTC would drop significantly to 43 thousand dollars from 50 thousand dollars. If he fails to find support between 48 thousand dollars to me 49 thousand dollars. Because his technical analysis clearly indicates that there is no significant support level between them 43 thousand dollars to me 48 thousand dollars. Continuing the same Popp suggestion, as the coin retests over and over 50 thousand dollarsBTC contract between 45 thousand dollars to me 46 thousand dollars It can bring good profits.
Also Read: Massive Bounce in Crypto Space, New Target Set for Bitcoin, Ethereum and Cardano Price
How can Cardano get to $5?
Since ADA orders have been executed in the past two days, Bob said that Cardano’s big bounce is correct. With a slight upside, Cardano broke out 2.4 dollars resistance level $2.59 at press time. Looking at the direction, Positive ADA price hike It could very well be true. The price may soon break the resistance level at $3.35 He said the next stop for ADA is near $3.80.
According to his technical view, the price of ADA will easily rise to 5 dollars level if support is found between 2.5 dollars to me 3 dollars. At the same time, the possible fall in prices cannot be neglected. Referring to historical analysis and pointing to the direction of Bitcoin, strong support levels are still murky.
Collectively, Cardano price looks ideal to follow an uptrend that could reach immediate resistance levels. Furthermore, 2.4 dollars It will be a good support area for profit taking and also vital levels to hold. If the ADA breaks in $3.80 Then the price can easily exceed 5 dollars within the current bull cycle.
Also Read: XRP Price Hovers in Major Areas, Pattern Suggests Unloading but Signs Point to Huge
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