Bitcoin has finally broken out of the trading window it has been in since the beginning of the year, reaching a three-month high on Monday.
Other popular cryptocurrencies, like Ethereum (ETH), Cardano (ADA), and Solana (SOL), have also had recent rises, putting the whole crypto market past $2 trillion.
As the crypto market shows signs of revival, crypto analyst Michaal van de Poppe is putting out his forecast for Cardano (ADA) and two other altcoins.
Van de Poppe predicted that Cardano’s ADA would continue to rise towards $1.45, but that he would not chase a long at this point.
“Tricky one.Taking liquidity and running upwards here into resistance.Might continue towards $1.45, but wouldn’t chase a long here.”
At the time of writing ADA is trading at $1.19 and is down by more than two percent in the last 24 hours. The coin has gained more than 30 percent in the last seven days.
For Ziliqa (ZIL), the trader might look at the $0.08 region as a starting point for potential transactions.
“This one has made a massive move, obviously. Wouldn’t really chase any trade here, wouldn’t short it either until confirmation.”
At the time of writing ZIL is trading at $0.10 and it has declined by more than five percent in the last 24 hours.
The next coin on the traders radar is MANA. According to him the coin is slowly waking up Fighting resistance, but if it breaks that, liquidity pops up and we could see a continuation of 35% towards $3.75.
At the time of writing MANA is trading at $2.69 and has lost more than three percent.