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Crypto Analyst Releases Next Potential Targets For Cardano, Is $1 ADA Still Possible?

  • Cardano (ADA) is showing signs of regaining bullish momentum after a recent correction, with potential targets pointing towards the $1 mark and beyond.
  • Analyst Arman Shaban's technical analysis on TradingView indicates that ADA's price structure looks bullish, with potential upside targets at $0.75, $0.81, $0.93, and ultimately $1.05.
  • Whales have been accumulating ADA tokens amidst the recent price decline, with over 410 million ADA tokens purchased in April alone, signaling strong investor conviction in Cardano's long-term prospects.
  • Despite current market trends and volatility, technical indicators suggest increasing investor optimism for Cardano, with a focus on key support levels at $0.65 and $0.75 for potential continued upward momentum.

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