Cardano was one of the most efficient assets over low times. The upper cryptocurrency alludes to other benefits, while the price of Bitcoin crosses a new top of all time and the long-awaited Altcoin season.
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At the time of writing this document, Cardano is negotiated at $ 0.74 with a profit of 18% in the last 24 hours. On higher deadlines, cryptocurrency recorded a profit of 28% followed by 20% XRP gains during the same period.
ADA's price trends to the upside on the daily chart. Source: ADAUSD on Tradingview
The analyst says that Cardano will reproduce a historic bull race
Unlike Ethereum and XRP, the Cardano Prize was more consistent with its past performance. In this sense, analyst Ali Martinez sharp to the formation of a bullish model for ADA which could propel digital assets above the critical level around $ 1.
The analyst says that the $ 0.55 support for Cardano was a key support on high deadlines. The last time the cryptocurrency fell at this level in April this year, as we can see on the graph below, ADA was able to reach more than 55% and hit the bar of $ 0.85.
“This is reproduced,” said Martinez, pointing to the bullish dynamics by driving Cardano because he touched the bottom of this parallel channel. If cryptocurrency can support this reader, it is likely to reach its peaks in May before respecting critical resistance.
ADA price trends to the upside after touching a critical support level, aiming for $0.82. Source: Ali Martinez via X
ADA could tend to even higher and bullish price targets
A separate analyst has also taken note of the action of Cardano prices and the way in which he seems to reflect past models. The analyst says that Cardano is entering a critical escape area.
However, unlike Martinez, the analyst is more optimistic and estimates that the ADA price could rally up to 212% in the coming weeks. The analyst has placed a bullish price goal for the Cardano price at around $ 1.7.
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The analyst declared The following while sharing the graph below:
$ ADA is now testing EMA of 50 weeks. The last 2 times, he crossed this line, he increased by 212% and 128%. If history is repeated, we will examine $ 1.77 Ada. Are you ready for the pump?
Cardano price to enter the $1 area over the next few weeks. Source: MinswapIntern via X
In the long term, the analyst plans to see ADA reaching $ 5 fired by his recent announcements, including a partnership with TX Pipe to accelerate the growth of developers in Argentina which should benefit the Cardano ecosystem.
On this partnership, Charles Hoskinson, CEO of IO, said::
Their team represents the best of what the community of Argentina developers has to offer, and together, we build a base for the growth of long -term ecosystems. Our collaboration also fulfills the broader vision of making Io Buenos Aires a crypto center.
Cover the image of chatgpt, Adausd Chart of TradingView