Hello everyone. Its another day for Cardano (ADA) price analysis. But before that let us look into the current crypto prices.
As you can see above, between all this top 15 coin, only Cardano (ADA) was making huge bull run. It was not affected by the price of Bitcoin (BTC),
but for the other alt coin, somehow they still follows Bitcoin (BTC) movement.
This is the current Cardano (ADA) price, yesterday it makes new ATH 1.9599.
The red line plotted on the chart is the current strong support for Cardano (ADA) price. Until now its was already tested for seven times! And the green box shows that Bull run dominates the Cardano (ADA) price. In less than two hours, if the price still stays around this point, and the price makes a new candle stick on this 1.95 price point then I am 100% sure the price will continue its bull run for a longer time and may pass the 2.5 price soon.
But before that,
DISCLAIMER:
I'm not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. The contents on this site are for informational purposes only and does not constitute financial, accounting, or legal advice.
Yesterday, Elon Musk twitted that they not be using Bitcoin (BTC) anymore, and today we see this, Cardano (ADA) is moving higher to new ATH. Do you think Elon Musk had make his move to Cardano (ADA)??? If he really does then he is doing what he write on his twitter. Accepting Green technology, less energy consumption than Bitcoin (BTC), Its Cardano (ADA)!!
Its a good news if Elon Musk really joining the Cardano (ADA), he may give some good impact on the price movement.
BUT
If he is planning to make Cardano (ADA) the same on what he did to Bitcoin (BTC) and Dogecoin (DOGE), then he is mocking the Cardano (ADA) community.
He may impact the price for a short while but Cardano (ADA) will recover in no time. As an example, today's chart. :D
For now we can just wait and see how this crypto world develop over time.
Now, for a swing trader, if you going to sell Cardano (ADA) for some extra cash, now its the time. sell 75% of your portfolios and keep 25% for another move, wait for another dip and buy more.
But for all Cardano (ADA) Hodler out there , keep on Hodling!!! trust the future project by the Cardano (ADA) team.
CARDANO (ADA) IS THS FUTURE!!
Have a great day and continue to HIVE everyone! :D CHEERS!!