Cardano (ADA) Price Alert: Analyst Predicts 60% Rally In Next 7 Days

Optimism surrounds Cardano (ADA) despite some recent hiccups. ADA stands resilient, maintaining a positive outlook despite a 5% decrease over the past week. Currently priced at $0.75, ADA demonstrates a robust stance with a 24-hour trading volume of $1.14 billion and a market capitalization of $24 billion.

Analyst Points To Promising Weekly Chart Trends

Renowned crypto analyst Sssebi is charting an optimistic course for ADA, emphasizing the significance of the weekly chart in understanding the broader context.

Nestled above its 200-week moving average, ADA shows promise with significant green candles on the weekly charts and a noticeable uptick in buying momentum, signaling a strong underlying trend.

ADA Primed For A Smooth Ascent

Sssebi’s analysis suggests a bright week ahead for ADA, predicting a potential surge of 50-60%. Notably, he points out the absence of major resistance levels until ADA hits $1.2, indicating a relatively smooth path for the cryptocurrency in the immediate future.

This projection aligns with the analyst’s positive assessment of ADA’s present positioning and the overall market sentiment.

If you are ever concerned about $ADA, just look at the weekly chart. Above 200 Week Moving Average with some huge weekly green candles and huge buying pressure. Next week will be huge for $ADA, there is not much resistance until $1.2, we could see a 50-60% increase next week. https://t.co/Z6pdH37wWe pic.twitter.com/anlV5YqWl4

— Sssebi