Cryptocurrency analyst Michaël van de Poppe is analyzing Cardano’s path forward in the wake of Bitcoin rallying to a new 90-day high above $55,000.
In a new strategy session, Van de Poppe highlights the potential entry points for Cardano on the USD chart and says he believes the crypto asset is close to a bottom.
“If you want to buy Cardano at this point, I think you want to be looking at anywhere in this range here, aggressive in the area around $2.45. And also if we dip towards $1.75, that’s an entry point.”
Cardano is trading at $2.27 at time of writing, per CoinGecko.
The crypto analyst adds that he expects Cardano to continue climbing higher and approach its all-time high at $3.10.