Cardano price is expected to reach 15 dollars, here is why. On October 1, the market has bounced back and pushed the market to a new low of $2.30. A bullish signal was generated after the Cardano climbed above the previous high of $2.30 yesterday.
Cardano price prediction:
In the last 24 hours, the crypto market has traded with mixed results. The flagship currency, Bitcoin, was able to cross the $60k price mark after two months of struggle with the bear market. The second coin by trading volume has also regained its bullish trend. Cardano price has fallen by 13% after a significant price increase. Yesterday, the upside was rejected after a significant jump above $2.30. This jump shows that it will result in a negative trend.
Cardano has been in a bearish mood for weeks which was assumed to be reversed after a higher low at the end of September which supports the claim that bullish momentum was growing. `ADA/USD was moved to a new low of $2.30 after the market rebounded upward. This pattern shows that market is trading in a tighter range which will lead us to a bullish mood. Cardano price is expected to cross $15 after a recent ongoing bullish run.
After the fall to $2.15, Cardano price made a correction when it made another higher low. Yesterday’s rise above the previous high of $2.30 is signaling that market momentum has turned positive again. Popular crypto Youtuber Ben Armstrong in his recent Youtube session discussed a bullish scenario for ADA. In a tweet that followed, he believes ADA will hit the $15-20 range at the end of this bull cycle.
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