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Cardano Next In Line After XRP? ADA Price Targets $4.88 In Epic Breakout

NewsBTC LogoNewsBTC1d ago

Cardano Next In Line After XRP? ADA Price Targets $4.88 In Epic Breakout - NewsBTC

Quick Summary:

Sharing a detailed price chart of Cardano’s movements from 2021 to the present and its future price trajectory, the analyst projected a significant rise to $4.88 by 2026.  Related Reading: Fantom Price Breakout: Analyst Shares Anatomy Of FTM’s 18,000% Move To $150 By 2025 Alan Santana revealed that the ADA price has been in a long consolidation phase for 915 days since May 2022.

Instead, the analysis aims to highlight Cardano’s short-term price action based on a long-term chart.  Looking at his price chart, Alan Santana has pinpointed the 0.8875 Fibonacci level as the main support level for Cardano.

Alan Santana has predicted that if Cardano can break above the main support at 0.8875, the market sentiment will remain "super bullish,” and additional price growth should be expected.


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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-03 @ 15:30:44 (1 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 512 words

Reading Time: 3 minutes read

Sentences: 71 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 24095583

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About NewsBTC

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 6 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 9 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

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