A popular crypto analyst is predicting a huge price jump for Cardano (ADA), a competitor to Ethereum.
Cardano’s Potential Surge
According to crypto trader Ali Martinez, ADA could skyrocket by a whopping 266% in the coming weeks. He bases this prediction on ADA’s price pattern mirroring a previous cycle. Martinez suggests a price increase to $4 is possible within a few weeks. At the time of writing, ADA is trading at $1.09, up 13.5% in the last 24 hours.
Bitcoin’s Next Move
Martinez also weighed in on Bitcoin (BTC), noting it’s at a crucial point. He suggests a sustained close above the 50-day moving average would signal the end of a correction and confirm bullish momentum. Currently, BTC is trading at $98,625, up 1.7% for the day.
Other Crypto Predictions
Using the Tom Demark (TD) Sequential indicator, Martinez identified bullish signals for Worldcoin (WLD), currently trading at $2.40, and Celestia (TIA), trading at $5.44.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies. Investing in crypto is risky, and you could lose money.
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