fxstreet.com 10 Feb, 2021 11:00 am

ADA to rally another 175% as resistance weakens

ADA to rally another 175% as resistance weakens
Cardano price has risen a whopping 2,300%since the COVID-fuelled market crash in March 2020. The extraordinary bull run pushed the so-called "Ethereum

Cardano price continues its 2,300% bull run becoming the fourth-largest cryptocurrency by market cap.Cardano price has risen a whopping 2,300% since the COVID-fuelled market crash in March 2020.Cardano price aims for higher highs Cardano price confirmed a breakout of an inverse head and shoulder after its close above the pattern’s neckline on January 4.The reversal pattern forecasts that Cardano price could rise by another 170% to hit a target at $2.

Cardano Daily New Addresses chart While demand is rampant, IntoTheBlock's In/Out of the Money Around Price (IOMAP) shows little to no resistance barriers ahead of Cardano price that will prevent it from achieving its upside potential.Now, ADA is the fourth-largest cryptocurrency in the world as it gains visibility as a contender in the smart contracts industry.

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