Ali Martinez, an analyst at Investopedia, reveals his view on Cardano while highlighting the crypto asset he thinks is poised to rally.ADA).
Martinez tells Onyxcoin is the utility token that Onyxlayer-3 blockchain offers to its 125,200 social media followers.XCNThe triangle is forming in an descending pattern. “potentially gearing up for the next leg up.”
Technically, the triangle can be bullish when the asset price breaks above the trendline.
XCN was trading at $0.0247 as of the time of this writing. This is a 920% increase from its low on January 16th of $0.00242.
Cardano is next. Martinez says ADA’s current pattern is similar to one that resulted previously in a rally of 2,600%.
“Looking back at history, Cardano seems to be repeating the same pattern from 2020 to 2021 at a slower pace, which could soon lead to a parabolic rally!”
According to the chart of the trader, it seems he is suggesting Cardano’s price could rise up to $15. This would represent a gain of 1,820% over the current value.
ADA has traded at $0.781 as of the date this article was written.
Bitcoin: What you need to Know (BTCThe crypto analyst says It is clear that at $97.350, the digital asset’s price has been met with stiff resistance. Martinez claims that Bitcoin faces a severe fall in price if its correction reaches the $92,110 mark.
“…support below $92,110 is weak, as there’s a gap between $90,000 and $70,000.”
Bitcoin currently trades at $96,155 as of the time this article was written.
Don’t Miss a Beat – Subscribe Get email notifications delivered straight to your Inbox
Check out the latest news and updates on our website. Price Action
Please follow us X, Facebook The following are some examples of how to get started: Telegram
You can surf to your heart’s content The Daily Hodl Mix
 
Disclaimer: The Daily Hodl does not provide investment advice. Before investing in Bitcoin or other digital assets, investors should conduct their own due diligence. Your transfers and trades will be at your risk and you are responsible for losses. The Daily Hodl neither advises the purchase or sale of any digital assets or cryptocurrencies, nor does it act as an investment advisor. The Daily Hodl is an affiliate marketer.
Midjourney – Generated Image
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: dailyhodl.com
