Cardano is easy to predict. We already have three great examples. Remember Bitcoin Cash? It has been growing straight up for 100+ days. Cardano will do the same. What about XRP? It is already trading at new all-time highs and Cardano is in the same group/category; big market capitalization. Then we have Ethereum which is the most recent example, as predicted, it is moving straight up. No retrace nor correction which is normal because it went sideways for months before the current bullish breakout.
Cardano has now four green weeks and this is the fifth one. This one will not be red which means straight up.
Technical analysis
I already told you about EMA55 and EMA89, weekly timeframe, ADA is trading above. MA200 as well. Notice the descending triangle on this chart. This was the consolidation period and it already broke bullish.
Targets & new all-time high
Expect ADA to continue growing until it hits the highest prices since 2021. $1.83 and beyond. Once this level is conquered, we can start rooting for a new all-time and this will happen with a high level of certainty.
Cardano will easily reach $3 and move beyond $4. I think it can go much higher...
I will do a new publication with updated new all-time high projections. The targets above are valid for the coming months.
Just a friendly update.
And thank you for your continued support.
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Namaste.
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