Cardano Heading Towards the Lost Positions, Will ADA Price Hit $1?

Cardano Poised to Break the Resistance level at $0.399

Cardano price is strongly heading towards the levels close to $0.4 after a massive plunge which declined the price nearly 14%. The price, however, balanced the stumbled situation and currently surging towards the resistance levels at $0.4.

Miners Garden
Miners Garden

However, with the Ethereum price rally regaining the momentum, ADA price may retest the above resistance levels. According to analysts Cold Blooded Shiller, the price is expected to overcome the 36% loss by a massive 75% profit to hit $0.4 in coming days.

As per one of the analysts KMvision, as ETH rally is bullish again, ADA price is expected to go parabolic. He also said that the ADA price below $0.35 is a gift. Moreover, some other analysts has predicted a pretty giant rally for Cardano, which will hit $5 soon.

ADA price Analysis, Will it hit $1?

The Cardano price maintained a steady rally till the end of 2020 and got a major boost since the first week of 2021. The rally appeared as a giant which carried the price from the levels below $0.2 to above $0.35 in just a couple of days. 

ADA price

Yet another push surged the price which was trending around $0.31 to the levels close to $0.4

Currently, the price may break the support levels followed by a major plunge. But on the contrary, if the price fails to break, then a rebound may lead the price towards $1.

At the time of writing, the ADA price is $0.361 with a jump of 0.76% in the last 24 hours. However, the Cardano price which managed to sustain from the plunge till now may experience a slight pullback. Once the crypto market recovers, the altcoin season is expected to continue to new highs.

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