Micheal Van De Poppe is signaling a major pump in the prices of Cardano in the coming days. According to him, ADA is ready to break through the doors of yearly highs and reach new all-time highs.
Van de Poppe says that he’s expecting Cardano to ignite a rally and stay above a key area. The price action according to him is just consolidating and there is nothing to worry about.
According to him, it will be finding support on critical moving averages which in this case is the 100 days and the 200-day moving averages against Bitcoin.
As it prepared for the upcoming Bull Run and if things go in the right way we could get to see the continuation of the bull run.
As for Kaleo, he is signaling massive growth for Bitcoin referring to the Bull market which prevailed in 2018. He says that there are high chances of the same thing repeating in 2021. The breakout is expected to cross all the desired all-time highs followed by a period of accumulation.
Cardano has formed a good resistance level at $1.5 as the prices have tested these levels multiple times. There are possibilities that before rising to the top Cardano will once again test the $1.5 level. Also, this resistance has proved to be strong enough for ADA ,if resistance is broken there may be sustainable growth.
On the flip side chances of retracing the $1.47 level, It is also possible as the correlation with bitcoin. The chances of Cardano’s price dropping then increases. Even if the support is held at this level there are strong chances of seeing a rebound