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Cryptorank

Cardano (ADA) Poised for 2020-2021 Style Rally After Holding Strong Above $0.55 Support


by Steven Walgenbach
for CoinEdition
Cardano (ADA) Poised for 2020-2021 Style Rally After Holding Strong Above $0.55 Support
  • Analyst Dan Gambardello says Cardano (ADA) may have bottomed, setting up for a 2020-2021 style rally.
  • ADA has repeatedly rebounded from the $0.55 support zone, reinforcing bullish momentum as long as it holds above this level.
  • On-chain data analysis shows ADA whales offloaded 4 million coins last week.

Cardano (ADA) price has potentially bottomed out. Crypto analyst Dan Gambardello has predicted that the ADA price is ready for a move akin to its rally during the crypto summer of 2020/2021.

The crypto analyst has noted that the ADA price has formed a symmetrical rising trend, characterized by higher highs and higher lows. If ADA price experiences a full-blown rally in the near term, Gambardello believes it could reach a market cap of between $291 billion and $197 billion. As such, the analyst believes that the ADA price could reach a target of between $8 and $5.41.

Read The Full Article Cardano (ADA) Poised for 2020-2021 Style Rally After Holding Strong Above $0.55 Support On Coin Edition.

Read the article at CoinEdition

Read More

Ethereum Price Outlook: Struggling to Reclaim Broken Trendline as Long Positions Build

Ethereum Price Outlook: Struggling to Reclaim Broken Trendline as Long Positions Build

At the time of writing, Ethereum trades at $3,446, struggling to reclaim the rising t...
Shiba Inu Price Prediction: Trendline Rejection Signals Risk Of Another Pullback

Shiba Inu Price Prediction: Trendline Rejection Signals Risk Of Another Pullback

Shiba Inu holds $0.00001007 after a sharp rebound from multi-month support, yet selle...

Cardano (ADA) Poised for 2020-2021 Style Rally After Holding Strong Above $0.55 Support


by Steven Walgenbach
for CoinEdition
Cardano (ADA) Poised for 2020-2021 Style Rally After Holding Strong Above $0.55 Support
  • Analyst Dan Gambardello says Cardano (ADA) may have bottomed, setting up for a 2020-2021 style rally.
  • ADA has repeatedly rebounded from the $0.55 support zone, reinforcing bullish momentum as long as it holds above this level.
  • On-chain data analysis shows ADA whales offloaded 4 million coins last week.

Cardano (ADA) price has potentially bottomed out. Crypto analyst Dan Gambardello has predicted that the ADA price is ready for a move akin to its rally during the crypto summer of 2020/2021.

The crypto analyst has noted that the ADA price has formed a symmetrical rising trend, characterized by higher highs and higher lows. If ADA price experiences a full-blown rally in the near term, Gambardello believes it could reach a market cap of between $291 billion and $197 billion. As such, the analyst believes that the ADA price could reach a target of between $8 and $5.41.

Read The Full Article Cardano (ADA) Poised for 2020-2021 Style Rally After Holding Strong Above $0.55 Support On Coin Edition.

Read the article at CoinEdition

Read More

Ethereum Price Outlook: Struggling to Reclaim Broken Trendline as Long Positions Build

Ethereum Price Outlook: Struggling to Reclaim Broken Trendline as Long Positions Build

At the time of writing, Ethereum trades at $3,446, struggling to reclaim the rising t...
Shiba Inu Price Prediction: Trendline Rejection Signals Risk Of Another Pullback

Shiba Inu Price Prediction: Trendline Rejection Signals Risk Of Another Pullback

Shiba Inu holds $0.00001007 after a sharp rebound from multi-month support, yet selle...