Crypto trader and analyst Michaël van de Poppe explains the price levels the smart contract platform is watching in Cardano (ADA) in preparation for the next bull run phase.
In a new video, the crypto strategist tells 57,400 YouTube subscribers that ADA / USD must have a key level to continue its strong uptrend.
“We are currently getting some critical levels that we should keep around $ 0.90 for Cardano, which is the entire region overall. We went higher. Low levels rose. So this is the critical level that must hold ($ 1.10) right now. This is the obvious one. If this is lost, we can still assume that $ 0.90 is the next level. However, this should be low level. ”
Looking at the BTC value, Van de Poppe says ADA / BTC is still consolidated but must hold a critical support area to spark the next move.
“As long as he stays up in this green zone (0.00001780), as long as we have such accumulation, we see that he is ready for the next big move. Unless it breaks this level (0.00001780), the USD value will not drop to $ 0.70 or below. Therefore, you need to look for the entry points for Cardano that I just mentioned. ”
While both ADA / USD and ADA / BTC are still in the accumulation stage, Van de Poppe believes it can move to the moon at either rate.
“When it starts running, I think it will speed up considerably and pull another 2x, 3x, 4x from here. And yes, the market will be much higher in this cycle than most of you expect. ”
Before the current bullish cycle ends, the crypto trader estimates that Cardano has the potential to jump from its price of $ 1.24 to $ 20, representing gains of over 1,500%.