In our last Cardano price prediction, we spoke about what needs to happen for Cardano price to rise. Since then, prices did exactly what we laid out, as prices rose by a further +/- 25%. Today, prices are nearing the important $1.30 price area. Since this goal is almost achieved, Let’s see how things are looking for Cardano. Chances are that the price will be back to $2 again soon. We at CryptoTicker will give you a current forecast for the Cardano price today!
Will Cardano Price keep going up?
If we look at the weekly chart of the Cardano price, we can see that the price is sitting at a resistance (+/- $1.20). The last weekly candle failed to break the resistance, so caution should now be exercised. However, if we look at the indicators, we can see a bullish crossover on the MACD indicator. This crossing often leads to rising prices, which is why we now assume rising prices. The RSI is in the neutral zone. This tells us that the price is neither overbought nor underbought. Since the indicators are quite bullish on the Cardano price, we expect the price to rally to $1.50 within two weeks. That’s where the next resistance is.
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Can Cardano reach $2 soon?
Well, we remain strong in our belief that ADA prices can reach $2. In our previous price prediction article, we said that this target is very likely to happen. However, we talked about a few targets that should be reached first. Previously, we mentioned the $1.3 price area.
Today, prices are almost around that target, so a new one should be made clear. This level is the $1.5 price area. Cardano price reaching soon $2 should be realistic. The only thing that needs to happen is a break of the $1.5 resistance. If this resistance breaks, the way is open for the $2 level. The golden pocket of the full downtrend sits around $2.30. There is also horizontal resistance. Because of this, the price could still rally another 30% after the price hits the $2 mark.
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