ADA to $1 in June?? Cardano Price Prediction

Hey guys what’s up it’s frank here from Altcoin buzz good morning good afternoon Or good evening wherever in the world You find yourself so today we have an Exciting altcoin for you which of course Is none other than cardano ada which has Seen point nine percent growth over the Past week i’m going to give you a couple Seconds to look at the past seven days All the other altcoins see why this is Relevant I’m sure you’ve seen it most of the Other numbers are red so most of the Other altcoins have actually seen a loss In price over the past week whereas Cardano has seen 8.9 percent growth the Only other cryptocurrency which comes Even close is bitcoin in fact every Single other altcoin in the top 20 has Seen red numbers over the past week so Is this the start of a new rally are we Seeing anything in the chart which could Show that this is the start of a new Rally i’m going to show you why this Candle we saw on the 31st of may Is incredibly significant why we haven’t Seen what we’re seeing today in the past Year and why you need to be watching out For this in addition i’m going to show You the eth btc chart compare it to the Awtc chart to really give you the bigger Picture of how ada has been performing Compared to the top cryptocurrencies and This will help give you perspective on

Ada right now because of course we’ve Seen a brutal last few months ever since September we’ve been in a very clear Downtrend but now we’re seeing some Signs of potentially a reversal so it’s Quite an exciting time and i look Forward to sharing with you my analysis In this video now for those of you who Don’t know altquin buzz is first and Foremost a crypto investment research Company and we have been providing you Numerous 100 x returns since 2017. so if you want to get in on that Action join our altcoin buzz access Group where we document up-to-date Research covering undervalued altcoin Gems nft minting opportunities and our Portfolio strategies so if you want to Take part in the action click the link Up above or in the pin comment section Down below If you enjoyed this video don’t forget To like subscribe and click the Notification bell so that you don’t miss Any future updates and finally please Note that none of this is financial Advice [Music] Okay so first of all i’m going to show You eth btc to show you that eth has Been outperforming a bitcoin clearly we Can see by this diagonal support line We’ve seen major higher lows and this is Important to note because of course if

You’re investing in any altcoin you want It to be outperforming a bitcoin but What’s important to note is of course That eth is not alone ada btc not seeing As clear of an uptrend we of course have This critical support at the 410 sat Level but nonetheless we are well above This 410 sat level which has marked Historical support we are at the 1898 Sat level so yes we have seen several Months of underperforming bitcoin but The general historical trend is that our Pumps have taken us to new highs And our lows haven’t broken this Critical 410 sat level interestingly When you compare ada to ethereum you can See again you know we started at this Low of 1950 whey which is the unit for Measuring ethereum by the way and that Was back in november 2017 so basically Four years ago at least for more than Four years ago and now we are at 3113 way so again we are above the Critical support levels ada has been Outperforming bitcoin and ethereum over The past Four plus years which is good news and It helps to give perspective to this Massive downtrend that we’ve seen ever Since september 2021. Now then before i tell you what’s so Important about this daily candle on the 31st of may let me zoom out briefly to

The monthly again to give you the bigger Picture okay so last time we looked at This we looked at this important support Zone Which marked many support levels but Unfortunately we broke that zone all Right and of course as you can see the Ada usdt is incredibly volatile we had This massive massive pump this very Clear uptrend on the monthly chart and Yes unfortunately we have broken the Uptrend for ada currently but as Mentioned we are seeing some potential Signs of a reversal and we have already Seen An 87 Decrease in price from the all-time high And this is usually the type of time to Be looking to be getting into altcoins Of course this is not financial advice Okay now let’s now go to the weekly time Frame here on the weekly time frame we Are seeing this critical support level This 0.3938 level has marked resistance twice In the past once in april 2018 and again In january 2021 as you can see we had a Wick taking us down bringing us right Back up and we have yet to break that Support level and this is another reason Again to suspect that we might be seeing A slowing down of the bearish momentum Okay so now i’m going to show you this Daily candle which is so important so

Critical which is of historical Relevance there’s two reasons why this Is important the first reason why this Is important is that this candle has Broken the previous daily high of 0.6146 Dollars we currently we broke that with A high of 0.6893 dollars and what makes it so Relevant and so important is that ada Has actually been significantly Outperforming ethereum which has not Only not broken its previous daily high But it’s actually seen a new low so Ethereum is very much continuing its Downtrend while ada is firmly recovering And potentially starting a new uptrend The second thing which is important About this candle is this volume to show You the historical relevance we’re going To zoom out a bit here and i’m going to Use my trusted shift click Option which will take us all the way Back to the previous time where we saw a Candle with this much volume now Actually this the last time we saw was 285 days ago is actually a little bit Less volume really it’s been a year Since we’ve seen quite this much volume On one day so this is an exciting time This means that a lot of people have Been buying and selling and the bulls Have won basically for this one daily Candle so really what we’re looking now

For is to break this resistance so let’s Now get on to the important resistance Levels the first resistance is the 0.6913 dollar level now i think this is Particularly relevant Because we have this long-standing Diagonal resistance over here and you Can see that if we break this level not Only will we start a new uptrend on the Daily chart because then we will have a High a low And a higher high but also we will break This diagonal downtrend which could Potentially bring us up to much higher Price levels Now the next resistance would be the 0.9075 Level and then finally the next major Resistance this triple top here the Weekly high would be the 1.2669 Dollar level but i suspect that if we Break this first resistance level we Will likely See quite a lot of movement to the Upside probably i mean that’s what’s Crazy about this right if we break this Even if we get just to the next Resistance is 27 but i think it’s more Likely that we will test this major Resistance and potentially see you know A 70 surge in price for ada usdt over The coming weeks but for that to happen We will have to first of all break this Resistance have a candle a daily candle

Close above this 0.69 Level and i will very likely be entering A trade myself if that happens now when It comes to support levels the most Immediate one is the 0.4447 Level that’s the previous daily low then Of course we have the major long-term 0.3938 Level which i talked to you about which Has many historical resistances and for Which we saw a big bounce back here on The 12th of may now if we break that Then my suspicion is that we might have A fake out where we have a few candles Or maybe just one candle which takes us Down somewhere to this support line this Resistance this diagonal support line And i’ve marked for a horizontal level If i have to pick one it would be the 0.305 one dollar level that’s just above The psychological support of the 0.3 Dollar level so guys that’s been it from Me for today let me know down in the Comments below do you think this is the Beginning of a new rally up do you think That we will break this Somewhat of a diagonal channel do you Think we will break it to the upside if You do type upside if you think we’ll Break it to the downside in other words Break this diagonal support type Downside down in the comments below but Guys i hope you enjoyed this video if You did be sure to check out my other

Videos up here i cover technical Analysis in a simple and easy to Understand way and i show you the most Important the most critical things that You need to be watching out for in the Charts and guys with that being said I’ll see you in the next one [Music]