Cardano Price Prediction as ADA Poised for 2,800% Increase Post-Bitcoin Halving – Future Millionaire Maker?
The Cardano price has risen by 4% in the past 24 hours, reaching $0.383747 on a day when the wider market has gained by 2.5%.
ADA is now down by 2% in a week, yet the altcoin has posted a 34% increase in the last 30 days, as well as a 55% return since the start of the year.
Such figures are bullish, yet some analysts are now predicting even bigger gains for ADA in the not-too distant future.
Indeed, YouTuber and trader Dan Gambardello posted a video yesterday in which he predicts the coin will rise by as much as 2,800% during the next post-Bitcoin halving bull market, potentially making buyers a very big profit.
Compared to other altcoins, ADA’s indicators continue to look promising, even after this week’s earlier selloff.
For example, its relative strength index (purple) has risen yet again above 60, indicating an increase in buying pressure that could push the Cardano price to higher levels.
At the same time, ADA’s 30-day moving average (yellow) is rising healthily above its 200-day (blue), providing another indicator that the coin remains in the middle of a bullish phase.
Another interesting contrast is that, unlike certain other alts, ADA’s support level (green) has held up well in the face of the negativity that followed Binance’s settlement with the DoJ.
What this means is that ADA is currently carrying more upwards momentum than many other tokens in the market, and looks ready to continue rallying in the coming days and weeks.
Its 24-hour trading volume remains relatively elevated at just above $25o million, compared to half of this a month ago.
This suggests ongoing interest in ADA, which some are arguing is a sleeping giant.
CARDANO Defies Market Chaos: ADA Is UNSHAKEABLE!
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