Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Check Price Action Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox Follow us on Twitter, Facebook and Telegram Surf The Daily Hodl MixĬheck Latest News Headlines Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. He says that if ADA can hold the $1.00 level, then a rally to $10 this market cycle is fathomable. Last month, Capo offered a Cardano prediction that puts ADA 600% higher than current prices. While the crypto trader’s outlook on Cardano may seem bearish, his longer term forecast is more bullish than most.
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“ADA breaking support and going straight to the buy zone.” This is one of the best buying opportunities for this year, by far.Ĭonsolidation below $40,000 would prove me wrong.”Īs for Cardano, Capo thinks ADA will continue dipping below current prices and end up around the $1.00 range before reversing its trend. “Expecting something like this for the bottom formationĪccording to Capo, the current price range for Bitcoin is presenting what will ultimately be one of the most prime trade entries of 2022. Looking at Bitcoin, the analyst says that he’s expecting a scenario where BTC dives down slightly below $40,000 before bouncing sharply and reclaiming the $50,000 level again.
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The pseudonymous analyst known as Capo gives his 232,000 Twitter followers the potential bottoms on BTC and ETH, plus smart contract platforms Solana (SOL) and Cardano (ADA). A closely followed crypto analyst has laid out how he thinks Bitcoin (BTC), Ethereum (ETH) and two other altcoins will bottom out and reverse into bull trends.
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