latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources

Cardano Could Be Gearing Up for 800% Rally, Says Crypto Analyst Michaël van de Poppe

Cardano Could Be Gearing Up for 800% Rally, Says Crypto Analyst Michaël van de Poppe
A popular crypto analyst says Cardano (ADA) may witness another major rally this year if two crucial support levels hold.
In a new strategy session, Michaël van de Poppe says Cardano has been in a downtrend against Bitcoin since late June.
He highlights the $1.33 region as the first level of support and a second crucial level of support at around $1.16.
“[Cardano] is consolidating, or retracing, nicely here. It used to be one of the biggest runners of 2021, especially the one with the biggest hype.”

In order for Cardano to form a solid bottom, van de Poppe says it has to break the 3500 satoshi level, which is at about $1.45 at time of publishing. That could prompt another move to the upside.

If that happens and a market-wide crypto bull run begins, he sees Cardano surging as much as 800% in its dollar value.
“If we’re going to make a bottom around 2800 satoshis [about $1.16], we can see a 170% and usually overshoot 190% trade on the Bitcoin pair.
I’m also expecting the value of Bitcoin against the US dollar to do well. So if we get into this region, it’s probably going to result in a 400% to 800% move on the US dollar value, especially given that the market is going to heat up once again.”

Van de Poppe traces a path that shows Cardano consolidating for about another month before a potential reversal begins.

Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter , Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

.dh_responsive {
padding: 0px 20px 0px 20px;
@media (max-width: 980px) {
.dh_responsive {
padding: 0px;

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1597129173244-0'); });

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/breakermaximus
The post Cardano Could Be Gearing Up for 800% Rally, Says Crypto Analyst Michaël van de Poppe appeared first on The Daily Hodl . shares this Contents always with License.

Thank you for Share!



Cool to know huh? Read the full Article

Read the full Article:  ⭲ Cardano Could Be Gearing Up for 800% Rally, Says Crypto Analyst Michaël van de Poppe

Search about Crypto News


The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed simple and intuitive, usable by all Devices, fast and effective.


Today Most Popular News