Coin Edition -
- The 25 to 200 EMA revealed that ADA might repeat the 2020 to 2021 rally.
- Cardano’s price might hit $0.68 if bullish forces can help the token close above $0.60.
- A 100% increase to $1.18 could happen in the next few months depending on the market sentiment.
If the prediction of technical analyst Trend Rider is anything to go by, then Cardano (ADA) might be set for a major uptrend. According to Trend Rider, the 25 to 200-day Exponential Moving Averages (EMAs) presented a bullish structure for ADA in the long term.
In his post, the analyst said that Cardano might repeat a move similar to the period when the price went from $0.11 to $3.