Michaël van de Poppe Looks Into Cardano And Identifies Entry Points For ADA

Michaël van de Poppe, a prominent crypto analyst and trader, is looking into Cardano’s price path, as the wider crypto market is waking up amid Bitcoin’s recent jump.

In a recent video, Van de Poppe shares with his 133K YouTube subscribers the potential entry points for Cardano on the USD chart, as he sees ADA price bottom coming in.

“If you want to buy Cardano at this point, I think you want to be looking at anywhere in this range here [$2.00], aggressive in the area around $2.45. And also if we dip towards $1.75, that’s an entry point.”

At the time of writing Cardano ADA is trading at $2.25, according to CoinMarketCap.

Van de Poppe predicts that Cardano’s price will continue to go up and close in on its all-time high at $3.10.

“So what are we going to expect at this point? I’m assuming that we’re going to have a grind back up with Cardano against USDT for a little bit towards this all-time high region just like we have been seeing in November 2020, in which we grinded back up toward the all-time high region before we started to accelerate heavily.” 

Regarding at Cardano against its Bitcoin pair (ADA/BTC), the crypto analyst identifies a level where the pair could restart its uptrend.

“We are making lower highs, lower lows… if we break above the area of 0.0000464 BTC ($2.50), that is the level that you should be looking at and then we’re going to have a new impulse wave.”

But, should bulls not be successful to drive above 0.0000464 BTC, the pair could sink to 0.00003785 BTC and 0.000032 BTC level, the trader warns.