A closely followed crypto analyst is predicting a price surge for Cardano (ADA) while updating his forecasts for Ethereum (ETH) and Shiba Inu (SHIB).
The pseudonymous analyst Altcoin Sherpa tells his 182,600 Twitter followers that he believes smart contract platform Cardano is in a sideways accumulation phase and that a rally close to $0.60 is in sight.
“It looks decent relative to other alts right now. I don’t think this is necessarily ‘the bottom’ and $0.55 should be resistance. That said, this almost looks like accumulation on higher timeframe charts.”
At time of writing, ADA is changing hands for $0.49.
Next up is leading smart contract protocol Ethereum. According to Altcoin Sherpa, he’s watching a key level for ETH that could suggest whether Ethereum is gearing up for a breakout.
“I still think this recent move was a bear market rally but I will keep watching it. If we see a strong break of the recent highs, maybe some sort of cup and hand;e pattern will play out? $1,730 still...
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