Attention, my people! Tune in to the hot news I'm bringing you, because this is not a drill. What happened with Cardano? Well, look, things are heating up. If you're lost, don't worry, I'll catch you up, because this move is one of those that makes you turn your head. Stay alert!
Well, the thing is that the price of Cardano, or ADA as those who know call it, had been kind of dormant for a while, moving between $0.50 and $0.60. Boring, right? Well, suddenly, as if someone poured a bucket of gasoline on it, it unleashed the beast! The price broke that barrier and skyrocketed. Last week, it went up by 30%! 📈
But that's not where the story ends. An expert, one of those who analyzes everything, named Joao Wedson, who is the head of a thing called Alphractal, dropped a piece of information that left us speechless. According to him, and with a very technical analysis, Cardano could reach a maximum of $4.90 in the next "bull run," and that's higher than its current record of $3.09! Can you imagine? That's a leap that leaves you stunned.
The guy explains that this is based on something called "ascending channel pattern," which, to put it simply, is like an invisible path on the price chart that ADA has been moving along since 2019. The price moves between an upper line and a lower line. And according to him, Cardano just touched the lower line and is now heading straight for the upper line, which is where it is expected to reach that astronomical price. 🤑
So, if you're wondering why this is so important, it's because the expert says this could be the perfect time for those who haven't hopped on this train to do so, because ADA is still in what they call a "distribution phase." That is, the big investors are buying, and the price hasn't exploded yet. A great opportunity for those hunting for a good move!
And you know, in this world of cryptocurrencies, you always have to keep one eye open and the other wide awake. Sometimes numbers speak louder than a thousand words. So, do you think this forecast will come true or is it pure fantasy? 👀 We'll have to wait and see.$ADA
