Cardano ADA had a great run in the past days, 50% increase in price, pushing ADA in the 1 billion USD exclusive marketcap club, on th 14th position. That is huge!
The good news is ADA can go higher still, is setup to go higher looking at the bull triangle forming. Next target could be around 69 levels, that is amazing.
A word on the fundamentals, the catalyst for this move is a roadmap milestone update, to be announced in the next days. Depending on the news, we can see the uptrend continuing, but as well, we can see it go down to initial levels, where the support is, in case there is dissapointment in the market, or the big players decide to sell on the news.
however I'm optimistic for ADA, considering that the roadmap is set up to go for the long term, no huge product releases are to be announced now.
Anyway, be careful and wait for confirmations or set up stoploss in case you want to trade for the short term.
Read my other ADA article in case you want to find out more about this investment.
Thanks for your likes and follows!
If questions, let me know.
The good news is ADA can go higher still, is setup to go higher looking at the bull triangle forming. Next target could be around 69 levels, that is amazing.
A word on the fundamentals, the catalyst for this move is a roadmap milestone update, to be announced in the next days. Depending on the news, we can see the uptrend continuing, but as well, we can see it go down to initial levels, where the support is, in case there is dissapointment in the market, or the big players decide to sell on the news.
however I'm optimistic for ADA, considering that the roadmap is set up to go for the long term, no huge product releases are to be announced now.
Anyway, be careful and wait for confirmations or set up stoploss in case you want to trade for the short term.
Read my other ADA article in case you want to find out more about this investment.
Thanks for your likes and follows!
If questions, let me know.