- Trader and analyst Ali predicted that ADA could break above $0.45 to potentially reach $0.75.
- Over the past 24 hours, ADA was able to break above $0.45 but corrected to trade at $0.4488 at press time.
- ADA was able to outperform BTC and ETH over the last 24 hours and the past 7 days.
The popular cryptocurrency trader and analyst Ali on X predicted that Cardano (ADA) could break through the $0.45 resistance soon. In the post, he stated that ADA is back on track, with its latest price movement echoing that seen during its 2018-2020 upward trajectory.
#Cardano is on track! $ADA price movement is echoing its 2018-2020 trajectory, minus the COVID-19 downturn. If this pattern holds, we could see #ADA punching through the $0.45 resistance soon.What's next? A potential rally to $0.75 by late December! https://t.co/aJ05l0sx3P pic.twitter.com/GJOPU6TfM7
— Ali (@ali_charts) December 7, 2023
According to Ali, the altcoin could also rally to $0.75 by late December if the current levels hold. Looking at the last 24 hours, ADA registered over a 5% gain to trade at $0.4488 according to the cryptocurrency market tracking website CoinMarketCap.
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