February 22, 2024
Cryptocurrency News

Cardano And Fantom New Price Predictions Are Out

The latest crypto predicitons continue to pour, and most of them are really optimistic. There’s been a lot of volatility lately in the crypto space and the fact that there are optimistic predictions about the price of some digital assets is great.

Cardano and Fantom price predictions

A really popular crypto analyst is updating his outlook on Bitcoin (BTC), Cardano (ADA), and Ethereum (ETH) rival Fantom (FTM). It’s important to note the fact that this comes after the Federal Reserve raised interest rates by a quarter percentage point.

In a new strategy session video, crypto strategist Michaël van de Poppe said that if Bitcoin fails to hold a key support level of $23,000, then the king crypto is likely heading lower by nearly 10% from its current value.

“What can we see on the price action at this point? Volatility is crazy at this stage, in which we have got the support bounce at $22,400.”

The analyst continued and said this:

“We’ve got this rally in which we took out the high, and now we are rejecting at the previous high again, which ultimately results into further downside, in which I’m marking $23,000 as an important indicator to keep an eye on. We need to stay above $23,000. If we do not hold $23,000, we’re going to correct back towards $21,200.”

Bitcoin is worth $23,532 at the time of writing.

Van de Poppe also said recently the fact that Cardano is not showing strength to the upside. He sets a lower support level of $0.35 if there is a correction. But he says if Cardano can flip $0.42 into support, he would look for a run up to $0.50.

“Didn’t see any strength as of yet. I’d be looking at a case where I’d want to look for longs around $0.35 if a correction occurs or when the area at $0.42 flips for support.”

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