Cardano price might be gearing up for a massive bull run and there is just calm before the storm according to various analysts. But before it enters the bull race Micheal Van De Poppe charts and discloses some crucial levels for the token to hold on to in order to sustain the strong uptrend.
At the current prevailing conditions it is necessary to hold on to some critical and crucial levels for ADA and that being the region around $0.90. There are higher highs and also higher lows. But for now $1.10 is the crucial resistance level to hold on and in case we lose on this one $0.90 is next level.
Speaking of the BTC denomination, Van de Poppe explains that ADA/BTC is still consolidating but it must hold a crucial support area to ignite the next move up.
BTC/ADA is ready for the next major step as long as it remains above this green zone (0.00001780) and we get an accumulation like this. The USD value will not fall below $0.70 until it breaks through this amount (0.00001780). As a consequence, we should be searching for those Cardano entry points that are just mentioned.
Even though both ADA/USD and ADA/BTC are currently in the accumulation process, Van de Poppe assumes both pairs are climbing their way to the top.
If it gets moving, he believes that it will stimulate dramatically and pull another 2x, 3x, or 4x from there. And also, the demand will be much higher in this period than the majority of the people expected.
Cardano has the potential to skyrocket to $20 before the current boom cycle ends, according to the crypto trader, reflecting returns of over 1,500% from its current price of $1.24.