Cardano price is attempting very hard to break $1.5, an inch close to become a $50 billion worth asset
The price trending in a very decisive phase and required to stand above certain levels to maintain the uptrend and form new high levels
Analysts Believes Bull Rally Is Still In Place
Bitcoin’s dominance is dropping day by day and hence the other altcoins, mainly Ethereum, are getting strengthened. In the due course, the speculation of an Altseason gaining traction has outspread in the crypto space.
The most of the crypto assets tanked to their lowest levels and hence it appeared as the market has flipped bearish. Yet on the contrary, some still believe the bull run will resume shortly. Analyst Michael van de Poppe lists out some assets which may reach new highs in the coming days.
As mentioned by the analyst, Cardano price can hit $5 in coming days and as Coinpedia reported earlier, Litecoin price may also reach $700 soon.
Cardano Price Analysis
Cardano Price closed high in the previous week indicating a bullish trend fast approaching ahead. Currently, the ADA price cleared the $1.5 upper barrier, conversely the lower support levels needs also to be maintained.
A popular cryptocurrency trader and analysts Rekt Capital predicts a breakout approaching very soon. The analysts also states that the price needs to stand strong above $1.4 levels, so that the price forms new ATH very soon.
Collectively, cardano price is poised to form new all-time highs as the rally has already gained more than 17% compared to the previous trading day. Moreover, the ADA price is expected to smash $2 anytime from now and $5 as predicted by the analyst.