Cardano price has been moving in line with the rest of the crypto market, rising considerably in the past couple of days. But this increase is infinit
Cardano price reached its ATH back in August 2021 and would need another 925% increase to breach it. Peter Brandt suggests that while the Bitcoin bottom is in, new ATHs should not be expected until Q3 2024. ADA still has some bullish steam left in it following the 17% rally this week, which could enable it to breach the 200-day EMA. esimal in comparison to what is needed for ADA to see new highs. However, according to Peter Brandt, this could happen by late next year.
300 in the near future. ADA/USD 1-day chart However, a failed breach could send it back toward the 100-day EMa at $0.270. Losing this level would invalidate the bullish thesis and pull it down to 2023 low of $0.241. Cardano may reach for the skies…in Q3 2024 According to popular trader Peter Brandt, the new all-time highs for cryptocurrencies would not be coming anytime soon. Brandt tweeted that he believes that the Bitcoin bottom is in and that not until Q3 2024 should the market sees new ATHs.
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