Bitcoin price dropped to $42,732.98 on Saturday, down 3.95% in the past 24 hours. The market capitalization of the largest cryptocurrency has reached $801.92 billion. Bears took the lead by the end of the week as all the coins from the top ten list are in the red.
Micheal van de Poppe has updated his XRP and Cardano Price forecasts along with two popular cryptocurrencies.
He assumes that Cardano is close to bottoming at this point, at which point we can expect new impulses to appear. The crypto expert claims that ADA Price has breached key price levels, breaking the $1.90 to $2.10 area.
Then, Van de Poppe turns his attention to the token Bitcoin (ADA/BTC) pair, anticipating a new high for Cardano.
According to him, we should see some small consolidation, similar to what we saw in April. So there will be some stability here before we break the resistance, but if we do, he thinks we will set new all-time highs or new highs for Cardano here as well.”
Also Read: Popular Rising Crypto Supporter On Cardano, Solana And XRP! do you know why
The trader also identified a significant price level for the price of XRP, which could indicate a bullish signal for the cryptocurrency market.
He believes that if you want to get into the markets, it’s time to do so because the market has finally bottomed and is ready for the next impulsive wave.
How hard is XRP to hack? It needs a breakout of the area around $1.05 to be successful. I don’t think we’ll get it all at once, but I do think that once it gets there, all the coins will start crashing left and right. However, on XRP, this is a good candle.”
The widely followed expert believes that the current downturn is a good time to enter the market, and recommends an avalanche (fax), Solana (Sol) and Fantom (FTME) in three alternative currencies to buy now while prices are low.
“Should you care about the markets when they are close to support and when projects are down about 35% to 45%? Yes of course. When it is trending towards support, people will eventually become quite bearish and only expect more downside momentum. This is the moment when you want to enter the markets.”
Also Read: Bitcoin Ethereum & Solana Prepare To Reach The Roof Soon! Here are the next levels