Crypto Analyst Michaël van de Poppe Predicts Cardano (ADA) May Increase By 800% • Coinexc

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.

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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.

“Cardano is consolidating or returning nicely. It was one of the assets that made the biggest rally of 2021”

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.

“I also expect Bitcoin to have a good value against the US dollar. So if we enter this region, Cardano’s value will result in a movement of between 400% and 800%, especially considering that the market will heat up once again.”

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