Top Analyst Predicts 31% Surge for Cardano’s ADA to $0.52
- Carl Runefelt predicts ADA could surge 31.3% if it maintains its current range low.
- Indicators signal bullish momentum for ADA, approaching the $0.52 resistance level.
- ADA’s trading below 50-day and 100-day moving averages hints at lingering bearish momentum.
Market analyst Carl Runefelt, known as “The Moon,” recently shared an optimistic forecast for Cardano’s ADA token, suggesting a potential price surge if it maintains its current support level.
“If we hold this range-low, we may see a nice PUMP!” Runefelt tweeted, hinting at a bullish trend for ADA.
#ADA looks bullish
— The Moon (@TheMoonCarl) July 1, 2024If we hold this range-low, we may see a nice PUMP! pic.twitter.com/qgsdBlOQep
ADA to Gain 31% to $0.5222
According to Runefelt’s analysis, ADA has been moving within a range, capped at $0.5222 and finding support within a yellow rectangle at $0.35. This trend follows a broader bearish trajectory initiated on March 14, when ADA peaked at $0.8120.
Despite this downward trend, the $0.35 support level has proved resilient, allowing ADA to bounce back and stabilize above $0.3976. However, Runefelt’s chart further suggests that ADA appears…
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