High-profile crypto strategist and trader Michael van de Poppe is predicting that Cardano (ADA), perform a skyrocket to hit $5 as a sign of recovery in the market.
Cardano (ADA), founded in 2017 ranks 5th in the market capitalization. It is now predicted to reach its ATH to hit $5. According to the crypto market, ADA price faced a dip below $1 last month. As a result of a recovery action, it finally pumped to $2. The current Cardano price today is $1.77 USD. The price volume showed an increase of 3.64% in the last 24-hours. The traders and the investors are looking forward to a huge surge in ADA price.
Cardano (ADA) to Hit New ATH Soon
According to crypto analyst Michael van de Poppe, Cardano (ADA) reaches $5 as its ATH very soon. He states, there will be a gradual increase in the price of the token. Cardano (ADA) needs to mark above $1.82. It then targets the next level of $3.35. Then this consistency level must be maintained to give a strong hit to $5. Michael used a fibonacci mode of calculations to predict the Cardano ADA prices. He also says Cardano is one of the strongest altcoins in the crypto market.
Moreover, trading pair ADA/BTC gained a support level of 4000 satoshis which can increase the performance of the Cardano in the market. After a huge fall, the ADA/BTC pair is now reaching its heights in the medium run. Cardano indicated 7000% + profits within 4 years. So based on these reports crypto analysts and traders confidently convey that ADA altcoin value has the scope to reach $10 by 2025.
Crypto top trader and analyst, Michael tweeted on, “Request 02 – Cardano,
Request 02 – #Cardano— Michaël van de Poppe (@CryptoMichNL) May 30, 2021
This one is actually one of the strongest performers in the market.
Hard drop, after which a strong bounce occurred.
Since then, beautiful HL constructed and further consolidation, before continuation expected.$BTC pair doing fine too. pic.twitter.com/wbQErmP1tl
Furthermore, Cardano’s market price was low last month and faced a downturn in the market. Despite this, many Cardano investors showed huge interest in buying ADA. This urge from the institutional investors on proof of stake coins resembles a key factor for price growth in the long term run.
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