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Cardano (ADA) Market Move Predicted by Veteran Trader Peter Brandt
Renowned trader and analyst Peter Brandt has made a bold prediction about the market movement of Cardano (ADA). According to his analysis, if ADA breaks above its daily SMA 50, it could potentially rise to $1.33.
Brandt’s forecast is based on his observation that the market has been moving in tandem with the global indices, which have recently turned upward. He also believes that this trend may continue, leading to a potential increase in cryptocurrency prices, including ADA.
However, if the price of ADA turns down sharply from its daily SMA 50, it might suggest that the asset will return to its previous range for an extended period. This possibility is significant because it means that investors should be cautious and wait for clearer signs before entering any trades.
At this point, ADA is hovering near the $1 mark, which has raised a lot of attention from traders and investors alike. As such, all eyes are now on Cardano to see if it can live up to Brandt’s bullish prediction.
Source: u.today
