The post Cardano Massive Upswing On Horizon – ADA Price To Surge Above $0.75 In Coming Weeks appeared first on Coinpedia Fintech News

The seventh largest digital asset by market capitalization, Cardano (ADA), is on the cusp of massive returns if the momentum sustains in the coming days. With cryptocurrency traders anticipating the altcoin season to materialize in the coming weeks, analysts forecast Cardano could more than double in price soon. 

Nonetheless, the Cardano bullish stance could take a long since the asset had several stopovers during its last year’s downtrend channel. As a result, forced liquidations could increase in the coming weeks amid heightened volatility. Moreover, over $1.2 million was liquidated in the Cardano (ADA) market in the past 24 hours.

As per the analyst, after a key trendline fakeout, ADA Price may be poised for the continuation of growth. Analysts are recommending investors set their stop loss at sub $0.331 to protect against any potential losses.

The analyst is expecting ADA Price to hit $0.75 in the coming week with potential targets of $1-1.50 in the future.