2023-11-29 14:59:00
Let’s look at how high analysts predict Cardano and Bitcoin will rise, and why Meme Moguls might lead the upcoming bull market
One leading cryptanalyst has predicted that Bitcoin and Cardano are close to a price breakout. The founder of Crypto Capital Venture explained that the movement is already happening at the beginning of this cycle. Meme Mogul is another cryptocurrency that is predicted to benefit from this bull market. Let’s see how high these cryptocurrencies can go in a bull market.
Dan Gambardello predicted a surge in Cardano (ADA) prices
Dan Gambardello, market analyst and founder of Crypto Capital Venture, gave his bullish forecast for Cardano. He explained that the coin is already in the early stages of its bull market. He noted bullish momentum as a positive for ADA.
The expert also called the current charts for Cardano “even more exciting.” He explained that Cardano’s price has risen above its 20-week and 50-week moving averages. This will allow the price of ADA to rise significantly without entering the overbought zone.
So, in his opinion, the first target for ADA is the level of $0.450. The analyst believes that if Cardano price breaks above this resistance, a rally to $0.750 might begin. However, he added that bulls must protect ADA price from breaking below the 20-day support level.
Bitcoin still has huge growth potential
In the same analysis, Gambardello shared his opinion regarding the price of BTC. He explained that there is currently too much bullish sentiment in the market. For a bullish scenario, he explained, the Bitcoin price chart should remain above the upper trend line.
This excitement may be due to the anticipation of the approval of a spot Bitcoin ETF. According to Gambardello, a sustained bull run in the short term would hint at a true bull market starting in 2024. For this bitcoin price should rise above $38 thousand.
He added that only a break above $38,000 would guarantee continuation of the bull market. BTC made an attempt to retake this resistance in mid-November, but fell below $37,000. Due to this, Gambardello warned that the market might become more volatile with sideways price movement.
Meme Moguls (MGLS) will dominate the bull market
A fast-growing cryptocurrency that has caught the attention of the crypto community ahead of the bull market is Meme Moguls (MGLS). The project was highly appreciated by crypto experts due to its many unique features and capabilities. In particular, it is the first exchange platform created for the meme sector.
This exchange was developed specifically to meet the needs meme enthusiasts. Users will find the widest range of memcoins here. The platform also features a multi-level leaderboard where traders who finish higher receive rewards. It helps keep track of the latest trends and developments in the meme world to help traders.
The Meme Moguls ecosystem means that the community will be at the forefront of the project. Within the ecosystem, users will interact with other meme token enthusiasts. They can communicate, share information, exchange ideas, etc.
Designed to revolutionize the memecoin industry, Meme Moguls has been praised by crypto experts. This is evident from the growing interest in the project. In this regard, analysts predict up to 3,500% price increase in a bull market. There is still a great opportunity open: you can buy the MGLS token for only $0.0021 before this predicted rally begins.
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