Popular crypto analyst, FieryTrading, believes that Cardano presents an opportunity for investment at a discounted price.
Cardano has been identified to be in an ascending parallel channel with the potential for a significant price increase.
Despite recent market challenges and a decline in value, FieryTrading predicts a potential ceiling price of $35 for Cardano, a 5,600% increase from its current price level.
Investors should be aware of the market's volatility and exercise caution when investing in cryptocurrencies.