In a new video, Michael Van De Poppe maps out critical locations for Cardano price while analyzing its BTC and USDT pairs. He’s keeping a tight eye on these pairs in order for ADA price to preserve its bullish momentum and hold support, or else it might lead to an immediate drop, he says.
ADA/BTC
He said that here we can discover one in the area that we have here looking at the assistance in general (0.000039). Cardano can hold this entire range, especially since we had a similar structure before we started moving. If cardano could not hold that level then his next target is for 2,900 satoshis (0.000029) as the next logical entry point.
ADA/USDT
When it comes to the USDT (Tether) pair, Van de Poppe believes Cardano will spark a surge as long as it can stay above a crucial level. Otherwise, a drop to the long-term support level of $1.00 is likely.
Looking at the USDT pair, he pointed out the critical area of support ($1.38) which is holding up. If that is lost, the entire structure of higher highs and lower lows is lost in general, after which he will be looking at the $1.00 region for Cardano at this point. But if we do hold here ($1.38), then the Bitcoin pair will bounce back strongly because then we can start targeting the resistance ($1.85) and potentially new highs.
On the other hand, Well-known Crypto Specialist Nina Wright tweeted Price Predictions for several altcoins. She believes that Cardano Price will hit $3 by the end of july.
Bitcoin Price
Bitcoin, according to him, is ready to move above $40000 as it is flashing bullish signs. As Bitcoin was unable to break further down, the level $34,500 was not converted into resistance. As a result, we have returned to a range construction and are eager to test the range’s upper bound resistance, which is between $39,000 and $41,000.
In that event, we’ll almost certainly see a breakthrough to the upside, implying that we’ve reversed as we’ve had this test to the downside, and we’ve prevented any additional negative momentum.
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Source: https://coinpedia.org/price-analysis/cardano-price-poised-to-hit-3-before-july-here-are-the-crucial-support-levels/
