New Cardano Rally Is Around The Corner – ADA To Reach $10 | CryptoGazette
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There are all kinds of optimistic predictions about the prices of some digital assets. Check out the new predicitons about the price of Cardano these days.
At the moment of writing this article, ADA is trading in the green, and the coin is priced at $1.52.
ADA to reach $10
A famous crypto analyst revealed that a Cardano (ADA) rally to fresh all-time highs is on the table as ADA bounces off a crucial support area.
Capo just said that he expects Cardano to ignite a potential 4x surge, provided that the Ethereum competitor stays above a long-term support level.
“ADA Second retest of the previous all-time high. As long as it stays above this level, $3 to $4 should be next (last all-time high), and if it consolidates above it, we will probably see $10.”
Bitcoin price prediction
The crypto analyst and trader also takes a look at Bitcoin (BTC) by analyzing the demand exhibited on the crypto derivatives exchange FTX.
Looking at Bitcoin’s heatmap – this determines the depth of liquidity in the market – Capo says FTX users are eager to hop on the leading crypto asset.
“FTX adding even more demand now. This is bullish, and it doesn’t mean those orders have to be filled.”
At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $50,857.
It’s also important to note the fact that in the short term, Capo says he expects Bitcoin to rally to $55,000.
Regarding the broader crypto market, Capo says he expects the bull cycle to continue until the beginning of Q2 2022 at the very least.
“In my opinion, this bull cycle will last longer than most people expect, and 2022 should be bullish until April at least.”
Stay tuned for more crypto news and make sure to keep your eyes peeled on the markets.
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