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A top crypto analyst has predicted that Bitcoin and Cardano are close to experiencing a price breakout. The founder of Crypto Capital Venture explained that the move is already happening early this cycle. Meme Mogul is another crypto that has been predicted to benefit from this bull market. Lets see how high these cryptos can go in the bull market.
Dan Gambardello Has Predicted a Price Outbreak for Cardano ADA
Dan Gambardello, market analyst and founder of Crypto Capital Venture has given his bullish predictions for Cardano. He explained that the Cardano coin is already in the early stages of its bull market. He highlighted the bullish momentum as a positive factor for ADA.
He added that the price action displayed on the Cardano chart is even more exciting. He explained that the Cardano price has moved above the 20-week and 50-week moving averages. This would allow the price of ADA to increase significantly without entering the overbought level.
His first price target for the ADA coin is around the $0.450 level. Based on his prediction, if the price of Cardano breaks above this resistance, then a rally to $0.750 could begin. However, he added that bulls must defend the ADA price from breaking below the 20-day support level.
Bitcoin Still Has Massive Upside Potential
In the same analysis, Gambardello shared his insight on the price of Bitcoin. He explained that there is currently too much bullishness going on in the crypto market. For a bullish scenario, he explained that the Bitcoin price chart must remain above its upper trendline.
This excitement can be linked to the anticipation of a spot Bitcoin ETF approval. According to Gambardello, a sustained bullish period in the short term would hint at an actual bull market entering into 2024. For this to happen, the Bitcoin value must surge above $38,000.
He added that only a break above $38,000 would guarantee a continuation of the bullish market. BTC made an attempt to reclaim this resistance in mid-November but has dropped below $37,000. Because of this, he warned that the market could become more choppy with sideways price action.
Meme Moguls (MGLS) Set To Dominate the Bull Market
A fast-growing crypto that has caught the attention of the crypto community ahead of the bull market is Meme Moguls (MGLS). The project has been highly rated by crypto experts because of its plethora of unique features and opportunities. Most notably is the first stock exchange platform built for the meme coin sector.
This stock exchange platform was built specifically to cater to the needs of meme enthusiasts. Users will find the widest array of meme coins and meme-based assets. The platform has also infused a tiered leaderboard where traders who rank higher earn rewards. The platform will provide the latest meme trends and updates to help.
The Meme Moguls ecosystem has also retained the community-driven nature of meme coins. Within the ecosystem, users will connect with other meme coin enthusiasts. They will connect, share information, and trade ideas, among other things.
With the aim of revolutionizing the meme coin space, Meme Moguls has been highly rated by crypto experts. This can be seen in the growing interest in the project. Because of this, analysts have predicted up to a 3,500% price rise in the bull market. A great window of opportunity is still open as you can buy the MGLS token for only $0.0021 before this predicted rally.
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View source version on newsdirect.com: https://newsdirect.com/news/founder-of-crypto-capital-venture-predicts-price-break-out-for-cardano-and-bitcoin-meme-moguls-to-dominate-the-bull-market-548815079
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COMTEX_444228918/2655/2023-11-30T04:57:00
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Smart Herald journalist was involved in the writing and production of this article.