Cardano chart painting a bull flag for $3 ADA price ahead of ERC-20 converter launch
The classic technical pattern points to a 20% price rally in the Cardano market, with its profit target sitting above $3.
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The classic technical pattern points to a 20% price rally in the Cardano market, with its profit target sitting above $3.
Traders say a correction to lower support levels and standard profit-taking was expected after Bitcoin’s swift ascension to $50,000.
Crypto markets sold off on Thursday, but data from Cointelegraph Markets Pro shows COTI and CFX rallied after new exchange listings.
The indicators, coupled with a strong bid momentum versus the offers, suggest that Bitcoin’s price could push above $50,000 in the coming sessions.
Interoperability-focused projects that offer cross-chain bridges and lucrative liquidity mining pools are seeing an influx of funds right as DeFi’s TVL hit a new all-time high.
Even with Wednesday's pullback, Bitcoin and most major altcoins are finding buyers on minor dips to underlying support levels, signaling that the trend remains bullish.
Every trader is a genius during a bull market, but how does one know when a rally is fading and when it’s primed for continuation?
Protocol upgrades and a new cross-chain Ethereum bridge back the rally in TLOS, GNO and ALPHA.