Price Analysis

Cardano Price Appears To Jump High Towards $2 Shortly


    Cardano price appears to have build enough momentum to propel towards next set target above $2

    After the market slash, most altcoins swelled notably, however ADA price attempts hard for a 100% recovery

Cardano price gained the spotlight in recent times, as it surged historically over the benchmark. Extending the threshold, the price jumped out of the box to hit the levels above $2 marking a new ATH. 

Woefully, the rally was flipped and the bears drained out a much larger portion of the accumulated gains slashing close to $1. Hence many believed in the huge potential the asset carried and expected a much intensified surge in coming days.

The ADA price is all set to jump to the next level around $1.9473 in the next leg up and surpass $2 by end of May. As predicted by an analyst EliteHuntzz, the ADA rally may also hit $2.22 levels, and eventually hit the ATH soon.

ada price chart

As per the chart posted by the analyst, the ADA price is done with a healthy accumulation and may surge high. The price as mentioned may hit $2.2 levels soon . And an extended bull run may even smash the levels above $3 in coming days. 

However, in the short term, the price is could surpass $2 with enough bullish momentum. As predicted by CEO of Gokhshtein Media, David Gokhshtein the price may attain these levels in a day or two.

Collectively, more altcoins have geared up to recover at a greater pace. The Cardano price rally is may fly high as it sustained above $1 amid the market crash. And hence $2 for the short term and $5 appears imminent for ADA price in coming months.

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Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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