Cardano’s ADA showed strong performance this year, beating the 2018 all-time high of $1.2 and surginng even higher.
Yet in BTC terms it was slightly less impressive. In March ADA even lost 20% in BTC terms.
We’ve asked Hybrid Intelligence the following question about ADA’s near-term prospects:
“The cryptocurrency Cardano (ADA/BTC) settled at 0.00002086 BTC at 09:06 AM UTC at the binance exchange on Friday, April 9. In your opinion, will ADA/BTC trade above 0.00002312 BTC (+10.84%) at any time before April 20?”
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Assurance: 88%
That's clearly a bullish indicator. The target is also within the range that was observed in March. So if the forecast is correct, that would not necessarily be a trend reversal but could simply be a continuation of the sideways trend.
Yet in BTC terms it was slightly less impressive. In March ADA even lost 20% in BTC terms.
We’ve asked Hybrid Intelligence the following question about ADA’s near-term prospects:
“The cryptocurrency Cardano (ADA/BTC) settled at 0.00002086 BTC at 09:06 AM UTC at the binance exchange on Friday, April 9. In your opinion, will ADA/BTC trade above 0.00002312 BTC (+10.84%) at any time before April 20?”
-------------------------------------
Assurance: 88%
That's clearly a bullish indicator. The target is also within the range that was observed in March. So if the forecast is correct, that would not necessarily be a trend reversal but could simply be a continuation of the sideways trend.