Cardano Price Eyes $5 level! Here’s the Next Target Levels for coming days !
The post Cardano Price Eyes $5 level! Here’s the Next Target Levels for coming days ! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide The price of Cardano appears to be changing, fuelled by growing...
The price of Cardano appears to be changing, fuelled by growing concern about Cardano’s smart contract functionality and the Alonzo hardfork. Cardano (ADA) has surpassed $2 in price ahead of a key smart contract date announcement.
Today, Charles Hoskinson is scheduled to reveal the date on which Cardano smart contracts would be available as part of the Alonzo hardfork, which could explain the surge.
Cardano Price Analysis
Because of the good reaction to the announcement, ADA prices have risen more than 17.22% in the last 24 hours and are currently trading at $2.03. Although a protocol upgrade that takes longer than expected could cause disappointment.
ADA is currently trading at $2.45, barely 16 percent behind its all-time high. According to crypto expert Rekt Capital, ADA may not face significant obstacles on its road back to its all-time high.
If the ADA bulls fail to consolidate over $2, support will be found at $1.88, $1.67, and $1.49.
As traders anticipate the Alonzo upgrade, which will bring smart contracts functionality to the network, popular crypto expert Michaal van de Poppe is assessing the path of Cardano (ADA). Van de Poppe claims that ADA is breaking clear of critical resistance levels as it climbs upwards in a new video.
Cardano is breaking past resistance, according to him, and we’ve seen a little consolidation before a new breakout to the upwards momentum. He claims that everything is waking up right now, but that huge resistance zones are still present. That is exactly what Bitcoin is doing. Ether is the one who is doing it. That will be done by Litecoin. Cardano has also achieved a significant upward breakout.
“What is the target zone if Cardano is going to continue moving? That is very simple. We are looking at a continuation with Fibonacci extension… The next target zones for Cardano in a new impulse wave are $3.35 and $5.00.”
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