Cardano Could Witness Over 20% Rally if It Breaks 2,000,000,000 ADA Supply Level, According to Crypto Analyst

Cardano Could Witness Over 20% Rally if It Breaks 2,000,000,000 ADA Supply Level, According to Crypto Analyst


Ethereum (ETH) competitor Cardano (ADA) could surge by more than 20% if it convincingly breaks a key supply level, according to a popular crypto trader.

Crypto analyst Ali Martinez tells his nearly 45,000 followers on the social media platform X that ADA “faces a formidable obstacle” in the $0.54 and $0.56 price range.

According to Martinez, nearly 50,000 addresses purchased approximately 2 billion ADA between these price points, suggesting that the holders may sell their Cardano troves just to get out at break-even prices.

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However, the trader notes that Cardano may witness a burst to the upside if ADA bulls manage to clear the heavy supply level.

“Overcoming this resistance could pave the way for a bullish move toward $0.68!”  

Source: Ali Martinez/X

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