Cardano (ADA) Now Looks Ready for Its Next Leg Up: Analyst Reveals Price Target

Cardano seems like it’s gearing up for something big. Sssebi, a crypto analyst with more than 23k followers, posted a chart and shared his thoughts on where ADA might be heading next. “$ADA looks like it wants to go higher,” he said. “Those wicks are looking tasty, I’m expecting another leg up soon, hopefully in the $1 area.”He’s been watching the chart closely, and from his point of view, things are finally breaking in ADA’s favor.Sssebi points out that Cardano has broken out of the long-term downward channel that’s been dragging the price for months. It’s not just a quick spike either; ADA has managed to close multiple daily candles above the trendline, which he sees as a strong sign that momentum is shifting.Another thing he highlights is ADA’s move above the 50-day simple moving average. That line had been acting like a ceiling for a while, sitting around $0.679. Now that Cardano price is holding above it, the outlook is definitely looking brighter.Sssebi / XADA Price Target: All Eyes on $1So what’s next? For Sssebi, the $1 zone is where things get interesting. That’s the level he’s targeting next. If ADA can keep its footing here and build a base, he thinks it has a real shot at climbing back up to that round-number mark.Read Also: Cardano Founder Says ADA Could Hit $10: Should You Believe It?The chart shows that the RSI is holding strong above 60, which shows there’s still fuel left in the tank. Combined with growing volume and those long lower wicks he called out, the setup looks promising.According to him, Cardano price might finally be ready for its next leg up, and this time, $1 doesn’t seem so far away.Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.Read our recent crypto market updates, news, and technical analysis here. We recommend eToro Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading. Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. Copy trading: allows users to copy the trades of leading traders, for free. User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. The post Cardano (ADA) Now Looks Ready for Its Next Leg Up: Analyst Reveals Price Target appeared first on CaptainAltcoin.