Cardano is ON FIRE! Up 43% and surpassing $2…Climbing HIGHER?
The day has finally come for Cardano enthusiasts. After an extended consolidation of a couple of weeks, Cardano price surpassed today the important $2 price mark. In fact, many traders and investors were awaiting this day, as ADA's technical...
The day has finally come for Cardano enthusiasts. After an extended consolidation of a couple of weeks, Cardano price surpassed today the important $2 price mark. In fact, many traders and investors were awaiting this day, as ADA’s technical formation was prepping for a breakthrough. In the past week, prices have soared more than 40% and are on their way to break their previous all-time high. Can Cardano reach $3?
Cardano’s rise was INEVITABLE
In our previous article that was published not a long time ago, we did shed some light on this specific altcoin. In fact, we spotted how prices barely changed relatively to the entire cryptocurrency market that was soaring at that time. It seemed as if ADA prices were lagging. This is the perfect catch for traders, who look for those undervalued assets and buy in anticipation of higher prices.
Why was Cardano price going to rise inevitably? Well, other than their fundamental tech advancements in their community, the entire cryptocurrency market was rebounding from its previous market crash. When prices start to recover, and when Cardano prices barely changed, that was a clear opportunity.
Cardano Price Prediction – Can Cardano reach $3?
Looking at the current crypto market boom, ADA’s price can surely reach $3 in the medium term. It took ADA 3 days to increase by $0.5, and the current price is exactly $2. The previous all-time high price was reached back on the 16th of May 2021 and was around $2.5. Ergo, we can have two short-term targets:
- Target#1: $2.5 – which represents the previous ATH
- Target#2: $3 – which represents a psychological target for traders and investors
Should you BUY CARDANO Today?
Cardano price reached a very critical area. Breaking the psychological price of $2 is definitely a good thing, and prices are eyeing the previous ATH of $2.5. On the other hand, prices can still retrace and adjust from that impressive 40% growth. Price adjustments are very natural and are bound to occur whenever prices rise in a period of time with no adjustments. That’s why if you want to buy Cardano today, it is advisable to look out for the below areas:
- USD 1.8
- USD 1.5
Stay Ahead, Stay Updated
Rudy Fares
You might also like
More from Altcoin
The Best Bitcoin Investment of 2021
What’s the best crypto opportunity for investors to protect and grow their gains when the market is bullish. Is there …
Earn Up to 3.75% a Month Passive Income on Your Crypto
There are countless ways to earn a crypto passive income. Many of these involve a high level of risk. Should …
Here’s the BEST Coin to Buy this August 2021
Investors are looking for opportunities where they can shield their recent gains from a sudden reversal. Is there a place …
This post may contain promotional links that help us fund the site. When you click on the links, we receive a commission - but the prices do not change for you! :)
Disclaimer: The authors of this website may have invested in crypto currencies themselves. They are not financial advisors and only express their opinions. Anyone considering investing in crypto currencies should be well informed about these high-risk assets.
Please also note our Non-liability disclaimer.
Trading with financial products, especially with CFDs involves a high level of risk and is therefore not suitable for security-conscious investors. CFDs are complex instruments and carry a high risk of losing money quickly through leverage. Be aware that most private Investors lose money, if they decide to trade CFDs. Any type of trading and speculation in financial products that can produce an unusually high return is also associated with increased risk to lose money. Note that past gains are no guarantee of positive results in the future.
SNEKbot by DexHunter on CARDANO
Cardano's Telegram Trading Bot live on Cardano mainnet!TRADE NOW!