Cardano Bounce in Sight? Crypto Analyst Michaël van de Poppe Reviews ADA Price Action

Cardano Bounce in Sight? Crypto Analyst Michaël van de Poppe Reviews ADA Price Action


Crypto analyst Michaël van de Poppe says Cardano (ADA) isn’t far away from bottoming out and potentially resuming its long-term uptrend.

In a new strategy session, Van De Poppe tells his 161,000 YouTube subscribers that Cardano has a strong support at the $1.00 level, and the level could act as a launchpad for future rallies.

According to the analyst, ADA is likely to find support in the near future and end its current downtrend.

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“Most likely we’re going to find [support] relatively soon given the fact that we are testing this support for a dozen times already, seeking liquidity that is beneath this support in which we’re dipping into this level that has been tested many times, and is a high timeframe support…”

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