Cardano’s ADA Needs to Close Above This Level for a +60% Rally as ‘Mega Bullish’ Price Action Emerges
Crypto trader Sssebi (@Av_Sebastian) posted a bullish prediction for Cardano’s ADA token earlier today. He believes that if ADA can close the week trading above $0.75, it could soon see prices over $1.20, representing a potential 60% price surge from current levels.
Sssebi’s Optimistic Target “If $ADA can close the week above $0.75, we are probably going to see $1.2 really really soon,” tweeted Sssebi. “There is not much resistance for this target to be met.”
He went on to point out that ADA recently broke above its 200-week moving average (200W MA), which he described as “mega mega bullish.” Sssebi concluded that “Cardano is just getting started!
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Show more +The 200W MA is often viewed as an important long-term indicator of a cryptocurrency’s trend. Breaking above it after an extended period trading below it is generally seen as a convincing signal that sentiment is turning significantly bullish.
If ADA closes materially above $0.75 over the weekend as Sssebi suggests it could, additional traders may point to it as confirmation of gathering upside momentum. That could spark increased buying interest and propel prices towards his $1.20 target. Of course, crypto markets remain extremely volatile, so such predictions should be taken with caution. Still, Sssebi’s enthusiastic tweet summarized a potentially exciting development for Cardano investors.
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