- Analyst sets three bullish cycle top targets for Cardano.
- The altcoin could go on to outperform these targets this altseason.
- Bitcoin’s most recent recovery has increased greater expectations for altcoins.
The pioneer crypto asset Bitcoin (BTC) pulled a terrific price recovery following yesterday’s brutal fall marking the worst crypto market crash in crypto history. Despite this, the price of BTC pumped from $91,000 to $98,000 in just a few hours thanks to the enthusiastic accumulation of Bitcoin at discounted prices by spot traders.
Can Altcoin Follow Bitcoin’s Rapid Recovery?
This recovery was so exceptional that the Crypto Fear & Greed Index which tumbled to a score of 44 in the ‘Fear’ sentiment jumped up to a score of 72 to a ‘Greed’ sentiment in a single day. Now, analysts and the crypto community hope to see the same speedy recovery in promising altcoin like Ethereum (ETH).
The pioneer altcoin asset is expected to lead the coming altseason peak in crypto. Moreover, with February and March being the most bullish months historically for ETH, expectations are greater than ever for Ethereum to lead the charge and several altcoins, alongside ETH, are showing highly bullish indicators on their price chart.
Analyst Sets Bullish Cycle Top Targets for ADA
As we can see from the post above, Cardano (ADA) is one such altcoin showing strong bullish signals. The analyst goes on to say that based on the past bull breakout performance each and every one of the ADA bull price targets he set at $2.7709, $5.296201, and $7.821502 can all be broken above as another breakout holds.
