Cardano prices experienced a heavy dump. Despite most cryptocurrencies crashing, ADA tokens reached a yearly low. With the market consolidating and even recovering, there is renewed hope for Cardano prices to go back higher again. Will Cardano reach 1 $ again soon? What’s going to happen to ADA prices? Let’s analyze!
Šta je Cardano ADA?
Cardano je blockchain mreža koju karakterizira tehnička izvrsnost i znanstveni pristup. Osnovao ga je suosnivač Ethereuma Charles Hoskinson i raduje se daljnjem razvoju od strane naučnika. Tim programera ispituje slabosti drugih blockchaina u skladu sa naučnim standardima i dalje razvija sopstveni blockchain u skladu sa standardima zasnovanim na dokazima. Cardano koristi efikasan mehanizam konsenzusa Proof-of-Stake i karakteriše ga kombinacija skalabilnosti, sigurnosti i decentralizacije. Cardanov mrežni token je ADA. ADA se može kupiti i koristiti za ulaganje u Cardano mrežu.
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Cardano price broke major resistance – What happened?
The Cardano price has been able to form a trend line in the last few days and weeks, which has constantly caused prices to fall. This trendline was broken today, which is why the near future looks quite bullish for the Cardano price . Normally, once a trendline breaks, a new uzlazni trend is formed to either correct the recent decline or to continue an overriding uptrend. In that case, Cardano price would correct the descent by forming a sub-uptrend. Using the uptrend, we could see a price increase of around 25%.
>> KLIKNITE OVDJE DA KUPITE CARDANO <
Cardano Price Prediction – Will Cardano reach 1 $ again?
When the overall crypto market goes back on its bullish trend, Cardano prices should break the strong psychological price of 1$ and continue higher. On the other hand, since the crypto market is still in način konsolidacije, there are important targets that ADA needs to reach first.
Since the Cardano price bullishly broke the trendline, the price has formed a support trendline. This trend line could support Cardano price to reach the $0.69 target. That is where the next resistance is located, which is why we view $0.69 as the first target. The GoldenPocket of the last major move down is also near $0.69. This is at $0.71, so we expect the price to rally to at least $0.69. A rally to around $0.71 cannot be ruled out. However, we would not assume higher prices for the time being. As soon as there are new signs that could lead to even higher prices, we will publish a new Cardano forecast.
>> KLIKNITE OVDJE DA KUPITE CARDANO <
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Source: https://cryptoticker.io/en/cardano-broke-resistance-cardano-reach-1/