Popular trader Kaleo thinks Cardano (ADA) will hit all-time highs soon.
The pseudonymous analyst tells his 316,800 Twitter followers that ADA is on the cusp of reversing a long-term dip against Bitcoin’s price, one that dates back to 2018.
“ADA/BTC has nearly completed an entire move back to its recent highs from the dip. Should expect to see new highs soon.
After the BTC pair breaks out, a move back to $2+ and new all-time highs should follow.”
Cardano is trading at $1.72 at time of writing and is down nearly 2% on the day, according to CoinGecko. ADA is up more than 13% in the past two weeks, however.
Kaleo is also bullish on Bitcoin.
“Nothing has changed big picture. I’m still confident we’ll see $100,000+ this cycle.
The accuracy of this chart from early 2019 still