Cardano (ADA) Technical Analysis: BIG Bullish Signals on The ADA/BTC Chart, Must See
Cardano (ADA) could be about to go ballistic over Q4 according to a number of highly promising bullish signals that have recently appeared on the ADA/BTC chart. Right now the asset has already started to pull away from the rest of the top 10 with a 4.41% gain against BTC, with a marked increase in trading volume today hailing largely from South Korea.
This new Asian trading support is likely the result of a recent Cardano roadmap announcement which detailed that its partnership with market maker, Metaps Plus, is expected to go live next month. This strategic deal will allow South Korean citizens to purchase items with ADA in over 33,000 stores, using new ADA prepaid plastic cards that the team released last week.
Diving into the 1D ADA/BTC chart we can see two big signals that suggest ADA is likely to undergo a strong bullish reversal soon;
The next big signal comes from the exponential moving averages (EMAs) on the 4hr ADA/BTC.
Cardano (ADA) Price Targets
All price targets are set from the asset’s current value at 1,288 Sats (at the time of writing).
Price Target 1: 1,930 Sats (49.84% ROI)
Price Target 2: 2,470 Sats (91.77% ROI)
Price Target 3: 3,045 Sats (136.41% ROI)
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