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Cardano forecast – price soon at $2 again!? Don't miss the chance!

 


If we look at the weekly chart of the Cardano price, we can see that the price is sitting at a resistance (+/- $1.20). The last weekly candle failed to break the resistance, so caution should now be exercised. However, if we look at the indicators, we can see a bullish crossover on the MACD indicator. This crossing often leads to rising prices, which is why we now assume rising prices. The RSI is in the neutral zone. This tells us that the price is neither overbought nor underbought. Since the indicators are quite bullish on the Cardano price, we expect the price to rally to $1.50 within two weeks. That's where the next resistance is.

We see it as not unrealistic that the Cardano price will soon be $2. The only thing that needs to happen is a break of the $1.485 resistance. If this resistance breaks, the way is open for the $2 level. The golden pocket of the full down move sits around $2.30. There is also horizontal resistance. Because of this, the price could still rally another 30% after the price hits the $2 mark.

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