Price Analysis

Cardano (ADA) Price 200% Upswing! Traders Keep Eye On These Entry Levels

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Highlights

    Cardano rises from its shadows alongside fellow digital coins from the crypto market.

    Crypto proponent enlightens entry points in Cardano, for higher gains.

The crypto street has risen from its shadows, digital coins from the crypto market are rising towards reclaiming the lost profits. The rebound of the market has filled the space with enthusiasm, which traders and investors have been waiting for.

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Cardano has also surged alongside fellow digital assets in the crypto market. The sluggish market conditions did hinder the rise of the asset to a greater extent. Cardano Price has risen to an appreciable degree a couple of hours ago. While prices of BTC and ETH rose to 4.6% and 6.2%, ADA prices rose to about 5.2%. 

Entry Zones To Look Out For

The market cap of the crypto industry is currently up by 3.7%, at $2,744,843,225,895. The volumes for 24-hours is at $128,153,602,797. The dominance of the star crypto is at 40.3%. The crypto street has risen from being bland to a cheerful space in a day.  

ADA at press time is trading at $1.87 with gains of 3.8%. While the market cap is hovering around $60,087,011,644. The intraday trade volumes are at $1,339,753,429. The digital coin has risen from the 24-hour low of $1.80 to its 24-hour high of $1.90. The ATH remains far from sight at $3.09.

Crypto proponent mentions that ADA has been making lower highs and lower lows on the daily time frame. He further mentions that $1.50 has not seen a test yet. Levels around $1.77 could be potential entry points, the next one could be around $1.48. The proponent mentions that $1.75 remains crucial for the coin to rebound or plunge. 

Collectively, He believes a massive run could take ADA price about 200% higher at around $4.5. Which will yield higher returns for investors. But $2.10 would remain a critical price point for ADA to breakthrough for its run towards the aforementioned target. However, the crypto proponent mentions that he is not bullish on the ADA/BTC pair. We can expect, ADA price to reach the aforementioned targets in the much-anticipated altseason. 

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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