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#MarketSentimentToday 👉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. #ada $ADA #BullorBear

#MarketSentimentToday

👉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.

#ada $ADA #BullorBear

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In order to make a judgment the Ripple price must The weekly chart showed Ripple pricing below a key 700-day uptrend support level. After unsuccessful recovery efforts, consolidation continues. Breaking $0.468 will be a slaughter for XRP holders. XRP holders have been wondering what would happen after almost three weeks of volatility. Read: XRP over $0.50 as Ripple joins partnership to facilitate digital asset recovery Ripple pricing must choose. The price of ripple has broken an inclining trend line linking swing lows since June 2022. April 8's fall broke this important support trend line, resulting in a weekly candlestick close below the inclining trend line and $0.532. Since then, Ripple pricing has been stabilizing between $0.532 and $0.468, with little direction. The weekly Relative Strength Index (RSI) has fallen below 50, indicating decreasing bullish momentum and rising selling momentum. Similarly, Awesome Oscillator's mean level is 0. Both momentum indicators warn of a bearish market change. Until the crypto market recovers, XRP is struggling. Altcoins will soar if Bitcoin (BTC) returns over $70,000. If so, Ripple price must break the $0.532 resistance level and become a support floor. This would help entice stranded purchasers and keep the remittance token rising. In a bullish scenario, XRP may retest $0.696 barrier. However, Ripple price may retest and breach $0.468 if the crypto market outlook worsens. This would disprove the bullish premise and cause XRP investors to sell. A 11% drop to $0.428 intermediate support floor is possible for the remittance token. If necessary, XRP might return to $0.378. #altcoins #xrp #Ripple #buythedip $XRP
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Predictions for the Price of Cardano as Hoskinson Says Biden Is "Killing Crypto" On Friday, the price of Cardano (ADA) fell 4% after it encountered heavy resistance at its 21DMA again and despite claims made by Charles Hoskinson, the cryptocurrency's inventor, that US President Joe Biden is attempting to destroy crypto. With the 21-day moving average (DMA) around $0.467, ADA has been unable to break out of its week-long rally and was last trading around $0.445. The bears clearly have the upper hand in this market because of it. Traders are keeping an eye on the statements made by Cardano's creator in addition to the price forecast. He warned crypto holders that the Biden administration's goal is to "destroy the US crypto industry" if they voted for him in November. The 2023 price of ADA was significantly affected by the SEC's explicit classification of it as a security. "Operation Choke Point 2.0" was allegedly launched by the Biden administration with the goal of debanking US crypto businesses. The SEC has used various tools, such as SAB121, to try to limit cryptocurrency. Biden has been vocal in his opposition to SAB 121, which is being challenged by the US House. Can We Expect Cardano's Price to Drop to Zero? In the short term, the price of Cardano (ADA) is not looking good. Starting in late March, the Bitcoin encountered severe resistance near its 21DMA. Retesting the current lows around $0.40 seems probable given the bearish sentiment. As it encounters resistance at its 21DMA, the Cardano price is on the verge of a bearish breakthrough. The price of ADA might drop much more. Some of its competitors, such as Toncoin, are seeing price increases due to adoption stories. ADA isn't good at telling stories, thus it doesn't have a compelling adoption tale. Cardano ranks 26th with a TVL of around $350 million, according to DeFi Llama, behind Hyperliquid, Ultron, and MultiverseX. Its present market cap position of 10th may be inflated, according to that. #altcoins #BTC #cardano #ada $ADA
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