Crypto analyst Trader Steve believes that Cardano (ADA) may experience a major breakout similar to XRP's rally. He focuses on Fibonacci retracement levels, pointing to key support zones at 61.8% and 78.6% levels. Trader Steve suggests that ADA could replicate XRP's rally from November to December 2024, reaching highs above $2. Currently trading at $0.70, ADA needs to regain higher levels to approach its 2021 highs. Crypto trader Yoel Jr. states that ADA must close above $0.81 to confirm a bullish trend. Analyst Jonathan Carter notes that Cardano is forming a bull flag pattern, but the price needs to test support before continuing higher. A bounce from the $0.60 support level could lead to price targets at $0.845, $1, and $1.325.
Content Editor ( thecryptobasic.com )
- 2025-02-10
Analyst Says Cardano to Pull a Massive Rally Similar to XRP
