Crypto Analyst Predicts Cardano Rally To $3 As Price Reaches ‘Ultimate Support Test’

Name	Symbol	Market	Market Cap ($)	Algorithm
Cardano	ADAUSD	Crypto	15,910,340,313	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Cardano

ADAUSD

Crypto

15,910,340,313

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.0029	0.65%	0.4525	0.4522	0.4523

Price Change

Price Change %

Current Price

Bid Price

Offer

0.0029

0.65%

0.4525

0.4522

0.4523

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.4559	0.4383	0.4491	0.4496	0.216009 - 0.810200

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.4559

0.4383

0.4491

0.4496

0.216009 - 0.810200

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	13:01:53	3,075.00	0.4524	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

13:01:53

3,075.00

0.4524

USD

Price x Volume	Volume	Base Symbol	Related Pairs
7,173,382.41	16,018,923.49	ADA	ADAEUR	ADAGBP	ADABTC

Price x Volume

Volume

Base Symbol

Related Pairs

7,173,382.41

16,018,923.49

Crypto Analyst Predicts Cardano Rally To $3 As Price Reaches ‘Ultimate Support Test’

18/04/2024 11:00pm

NEWSBTC

Crypto analyst Trend Rider has drawn Cardano (ADA) holders’ attention to the crypto token’s potential to experience a significant price rally soon enough. Based on Trend Rider’s analysis, Cardano could rise to as high as $3 when this happens. Cardano To Rise To $3 If History Repeats Itself Trend Rider mentioned in an X (formerly Twitter) post that if history repeats itself, Cardano might be on the brink of its “ultimate support test” before it makes a parabolic move to the upside. He further suggested that the crypto token could soar to $3, considering the same happened in October 2020 when Cardano’s price dipped to $0.10 and skyrocketed to $3 afterwards. Related Reading: Crypto Exchanges Bitcoin Supply Can Only Last For 9 Months, ByBit Report The crypto analyst also revealed that Cardano was currently experiencing a bullish Relative Strength Index (RSI) crossover and retest, which could mean it was indeed gearing up for another parabolic move. This RSI crossover is an indicator that “perfectly predicts bull and bear markets for ADA.” Source: X Meanwhile, in an earlier X post, Trend Rider explained how crucial it was for Cardano to hold its current support level. According to him, ADA’s price is “right now at an extremely critical level, and if it fails to hold its current support zone, then it could fall quickly to $0.25.” However, if Cardano manages to hold above this support level, then this could be the “exact bottom right now” before it rises to $1, Trend Rider claimed. Trend Rider further elaborated that Cardano’s next move will depend “entirely” on what Bitcoin does. He predicts that altcoins like Carano will experience a “monstrous bounce” if the flagship crypto rises above $65,000 after its current price dip. However, if Bitcoin’s price continues to dip, then it is “bear market mode,” Trend Rider added. Cardano Won’t Be In The Red Forever Crypto analyst Alan Santana has provided some form of optimism to ADA holders, stating that the crypto token won’t be red forever. He made this statement while acknowledging that Cardano has maintained a bearish outlook, having been in the red for seven weeks now. Despite that, he remains bullish on the crypto token’s future trajectory as he predicts that Cardano will experience a “big green” in the “latter part of 2024 and most of 2025.” Related Reading: Historical Trends Show What To Expect For Bitcoin Price Following The Halving Santana also noted that this was an excellent time to accumulate for those who intend to enjoy the “entire bullish wave.” For those looking to invest in ADA long-term, the crypto analyst highlighted the price range of $0.40 and $0.45 as a good “buy zone.” That is also the price area Santana had previously predicted Cardano could drop to in its bid to find support. At the time of writing, Cardano is trading at around $0.45, down almost 2% in the last 24 hours, according to data from CoinMarketCap. ADa price struggles to hold $0.45 | Source: ADAUSDT on Tradingview.com Featured image from The Daily Hodl, chart from Tradingview.com

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