It’s been just revealed that Cardano (ADA) is expecting to see some bulls soon. Check out the latest reports amidst the crypto market recovery.
ADA to see bullish moves
At the time of writing this article, ADA is trading in the red and the coin is priced at $0.466.
It’s been revealed that the popular crypto analyst Michaël van de Poppe is eyeing three popular altcoins for potential entry points and price targets.
The trader made sure to highlight the fact that proof-of-stake blockchain Cardano faces an important test just above $0.50, which if passed could take ADA as high as $0.63.
“Looking solid and ready for a break if it can clear the $0.507 – $0.51 area. If I’d want to long, a harsh rejection here and test around $0.46 would be something. Otherwise flip $0.51 is $0.535 / $0.59 / $0.63 next.”
About two weeks ago, we were revealing that
The analyst also addressed Chainlink (LINK). He said that if falling market prices indicate a higher low (HL), then he’ll look for a chance to enter on a long time frame.
“Not interested in a long on this one, until we flip gray and/or $8. Overall, if the markets are correcting and seeking for an HL to be played, then I’m going to look for green for a potential long entry and then play towards $8 and/or $9.25.”
It’s been revealed that the crypto analyst Benjamin Cowen says Cardano (ADA) looks poised for a late June rally under one key condition.
In a new strategy session, Cowen made sure to explain that based on Cardano’s history, ADA is likely due for a relief rally up to what he calls the bull market support band, which is a combination of the 20-week simple moving average (SMA) and the 21-week exponential moving average (EMA).
“We saw several rallies up to the bull market support band during the 2018 bear market, and then eventually we reached some type of accumulation phase, where you sort of put in some type of a double bottom and it’s a more convincing bottom than say a single point where you rally off of and never look back…”