👉Bullish #Cardano Metric Predicts 75% Rally to $1
🌟Analyst has alerted the Cardano (ADA) community to a key indicator that could boost the price. According to his analysis, the crypto asset might rally to $1.
🌟Cardano Price Could Rise 75% Soon
🌟An X (previously Twitter) analyst predicted “another impressive rebound” for Cardano with its Market Value to Realized Value (MVRV) below -22%. He remarked that ADA's price soared over 75% when the MVRV ratio dropped below -22%. For Cardano to reach $1, it must rally above 75%.
🌟A crypto analyst suggested Cardano may reach $1. He wrote on X that the crypto currency might reach this price in 1 to 3 months if it can hold $0.44. In a prior X article, he said Cardano's bull run might resume if its price rises above $0.54.
🌟Trend Rider previously claimed Cardano might reach $3 if history repeats itself. He referenced October 2020, when Cardano dropped to $0.10 and rose to $3. He predicted this may happen again once the crypto coin approaches its “ultimate support test.”
🌟Current crypto market cap: $2.261 trillion. TradingView chart
Cardano's support level may be preventing a parabolic price explosion. Alan Santana, a crypto analyst, suggested that ADA could drop to $0.34 to establish support before turning bullish again.
🌟Still no Cardano season
🌟Crypto Capital Venture founder Dan Gambardello called Cardano's price “frustrating” because it's not “Cardano Season.” He believes the crypto asset will “really do well” at its season. The expert warned ADA holders that Cardano's power shift might take months.
🌟Gambardello said Cardano may fall below the “lower 30s,” as crypto prices fell over fears of an Israel-Iran war. The analyst also predicted that ADA and other crypto assets would “bounce like crazy” after this scare period.
