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ADA Targets $1.93 As Next Major Trend Pump, Analysts Grow More Bullish on Cardano
Altcoin ADA targets $1.93 as next major trend pump
Analysts grow more bullish on Cardano
New ADA ATHs expected in the coming altseason peak phase.
The crypto market is still in high sentiments for a bullish price surge, leading to higher crypto prices for BTC, ETH, and altcoins, despite the latest market dump. As Bitcoin and Ethereum prices continue to recover, analysts are switching sights to promising altcoin price charts. To highlight, Cardano’s ADA targets $0.93 as next major trend pump, and more and more traders grow more bullish on Cardano (ADA)
ADA Targets $1.93 a Next Major Trend Pump
The ongoing bull cycle is building up to a bullish altseason peak state, many reputed and experienced analysts believe that the upcoming altseason phase will be one of the most bullish altseason yet, possibly the most bullish one so far. These high expectations has led several traders to find promising altcoins and accumulate these altcoins in hopes of reaping high gains after exponential pumps
So far, many altcoins have been showing highly bullish indicators on their respective price charts that signal parabolic surge ahead. To highlight, some altcoins have already set new ATH prices this bull cycle, like SUI, FET, and ONDO, yet, all these altcoins continue to show even more bullish indicators suggesting new ATH prices in the coming days ahead. Meanwhile, most legacy altcoins have yet to reclaim their previous ATHs, let alone set new ATHs.
However, legacy altcoins are steadily inching closer to their previous ATH prices and are expected to enter price discovery and set a string of new ATH prices like Bitcoin has done so far this bull cycle. To specify, some of the most bullish legacy altcoin at the moment include Ethereum (ETH), Cardano (ADA), Ripple (XRP), Litecoin (LTC), Dogecoin (DOGE), VeChain (VET), and a few others.
As we can see from the post above, Cardano’s ADA is the legacy altcoin that’s getting a lot more attention this bull cycle. Based on the video above, the reputed crypto expert, trader, and analyst, VirtualBacon, says that a lot of retail is going to come back to the crypto market soon. He says that they all remember Dogecoin, which will lead to a DOGE price pump soon. He also adds that retail will soon realize that ADA is very cheap compared to Ethereum.
Analysts Grow More Bullish on Cardano
Meanwhile, another reputed crypto trader highlights that $1.93 is the next bull target for ADA. He says that he is holding a lot of ADA, and continues to buy during dips, with his next target for an ADA breakout being $1.48, followed by a $1.93 bull target. In addition, another reputed crypto analyst states that $1.15 is the main resistance for Cardano (ADA). Presently, the price of ADA lies at $0.95, according to CoinMarketCap data.