CandleFocus Cardano Price Set To Skyrocket By 430%, Crypto Analyst Predicts
2024-10-26
Author: Content Editor
According to an analysis by crypto analyst Melika Trader, Cardano (ADA) has the potential for a bullish reversal and could see a long-term upside scenario with a price target of $1.8. Melika identifies a significant support zone for ADA between $0.30 and $0.35, suggesting a strong floor where Cardano has historically garnered market support. The analyst sets a long-term resistance target between $1.20 and $1.80 based on previous price peaks. However, Melika warns that a breach below the $0.30 support level could lead to a decline to levels below $0.18. In the immediate term, ADA is navigating a strong support zone between $0.33 and $0.34, with a resistance zone at $0.39 indicating a pivotal area for its short-term price action.
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