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!
Kas yra Cardano ADA?
„Cardano“ yra „blockchain“ tinklas, pasižymintis technine kompetencija ir moksliniu požiūriu. Jį įkūrė „Ethereum“ vienas iš įkūrėjų Charlesas Hoskinsonas ir tikisi, kad mokslininkai jį toliau plėtos. Kūrėjų komanda tiria kitų blokų grandinių trūkumus pagal mokslinius standartus ir toliau kuria savo blokų grandinę pagal įrodymais pagrįstus standartus. „Cardano“ naudoja efektyvų „Proof-of-Stake“ konsensuso mechanizmą ir pasižymi mastelio, saugumo ir decentralizavimo deriniu. Cardano tinklo prieigos raktas yra ADA. ADA galima nusipirkti ir naudoti Cardano tinkle.
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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 aukštyn 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%.
>> SPAUSKITE ČIA, norėdami PIRKTI 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 konsolidavimo režimas, 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.
>> SPAUSKITE ČIA, norėdami PIRKTI CARDANO <
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Source: https://cryptoticker.io/en/cardano-broke-resistance-cardano-reach-1/