Analyst Says Cardano Appears Ready to Break Out, Updates Outlook on Chainlink and Verasity

Analyst Says Cardano Appears Ready to Break Out, Updates Outlook on Chainlink and Verasity


Widely followed crypto analyst Michaël van de Poppe is eyeing three popular altcoins for potential entry points and price targets.

The trader tells his 612,700 Twitter followers that proof-of-stake blockchain Cardano faces an important test just above $0.50, which if passed could take ADA as high as $0.63.

“Looking solid and ready for a break if it can clear the $0.507 – $0.51 area.

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If I’d want to long, a harsh rejection here and test around $0.46 would be something.

Otherwise flip $0.51 is $0.535 / $0.59 / $0.63 next.”

Source: Michaël van de Poppe/Twitter

At time of writing, Cardano is up a fraction and changing hands for $0.504.

Next on the analyst’s list is decentralized oracle network Chainlink (LINK). He says if falling market

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