2 November 2024
Famous Analyst Mentions Key Levels That Cardano Should Hold To Maintain Bullish Trend
Michael van de Popper, the famous Cryptocurrency Analyst, has published a new video in which he is discussing the key levels Cardano (ADA) must hold to maintain its bullish trend and keep making higher highs.
In the newly published video on YouTube, for his 100,000 subscribers, Michael van de Poppe pointed at Cardano (ADA) trading against both BTC and USDT. While indicating to its BTC trading pair, Michael van de Poppe noted that it might fall back down to 2,900 satoshis per ADA token, which he claims is “the next obvious entry point.”
Previously, the analyst said ADA was “still showing much strength and in a bull cycle” against BTC, and expected it to move up to 6,200 satoshis. While pointing at the ADA/USDT trading pair, the cryptocurrency analyst voiced, “when you look at the USDT pair, you can see the crucial area of support is also holding up here (around $1.38). If that is lost, the entire structure of higher highs and higher lows is being lost in general here, meaning that I’ll be looking at the $1 area in general for Cardano at this stage.”
In addition, he also notified on social media that altcoins are currently unifying against BTC as the world’s largest cryptocurrency in terms of market cap has upsurge exponentially in the past few days and may surpass the $40,000 mark.
However, not everyone appears to be bullish on Cardano. Except that, Mike Novogratz, the billionaire during an interview said, he was shocked by Cardano’s valuation and called it a “weird cult.”
Disclaimer: The author’s views and opinions are for informational purposes only and do not constitute financial, investment, or other advice.
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