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 <p class="is-style-lead">YouTube cryptocurrency <a rel="noopener noreferrer nofollow" title="analyst" href="https://thebittimes.com/tag/analyst.html">analyst</a> LuckSide Crypto stated in his latest market commentary that Cardano’s ADA token is primed for a major <a rel="noopener noreferrer nofollow" title="breakout" href="https://thebittimes.com/tag/breakout.html">breakout</a> in the near future, despite recent price struggles.</p>
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 <p>The <a rel="noopener noreferrer nofollow" title="analyst" href="https://thebittimes.com/tag/analyst.html">analyst</a> pointed out multiple times that Cardano (ADA) is struggling but keeps hitting some key price levels. This points towards a positive market pressure.</p>
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  <p>ADA once again made a stab at 40 cents. […] This 40-to-41 cent range for ADA, it’s a tough range. It’s a range it has struggled with this year. […] You can see obviously back at the beginning of May, […] in April, […] in February and then also late February too. It keeps hitting these levels and getting rejected and getting pushed down.</p> <cite>LuckSide Crypto</cite>
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 <p>However, the analyst believes the broader cryptocurrency market is on the cusp of a definitive bullish turn, which will also lift the fortunes of underperformers like ADA.</p>
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  <p>At some point in the next 30 days, we’re going to get this bull market confirmation. It is <a rel="noopener noreferrer nofollow" title="coming" href="https://thebittimes.com/tag/coming.html">coming</a>. There’s no denying it. It’s happening right now.</p> <cite>LuckSide Crypto</cite>
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 <p>The potential crypto market surge stems from Bitcoin’s (BTC) recent ability to hold above its 20-month moving average, establishing a new monthly green close, LuckSide Crypto noted. He sees parallels with the bullish trajectory coming out of Bitcoin’s previous bear market in 2015.</p>
 <p>If this historical comparison proves accurate, the analyst predicts explosive upside for the long-depressed digital asset market.</p>
 <p>“Assets have been so suppressed for so long, they are ready to explode,” he said.</p>
 <p>LuckSide Crypto also acknowledged ADA has lagged other major cryptocurrencies in failing to quadruple its price amid recent volatility.</p>
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  <p>Even though ADA hasn’t just blown through here and gone on and done a 4X like other assets in the space, know that those times are <a rel="noopener noreferrer nofollow" title="coming" href="https://thebittimes.com/tag/coming.html">coming</a>. And they’re going to be happening a lot sooner than people realize.</p> <cite>LuckSide Crypto</cite>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-analyst-predicts-breakout-coming-for-ada-tbt71122.html">https://thebittimes.com/crypto-analyst-predicts-breakout-coming-for-ada-tbt71122.html</a></p>

Crypto analyst predicts breakout coming for ADA

TheBitTimes

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