Popular crypto analyst Michaël van de Poppe said that if Cardano (ADA) manages to hold two key support levels, it could witness a massive rally.
Poppe said that Cardano has been in a bearish trend against Bitcoin since the end of June.
The analyst states that the first support level is at $1.33, while the second support level is around $1.16.
Van de Poppe says that for Cardano to form a solid bottom, it must surpass the 3500 satoshi level, which is around $1.45. This can cause the asset to initiate another upward move. According to Poppe, if this happens, he predicts an 800% increase in Cardano’s value.