Cardano (ADA) to Make the “Best Gains”, Analyst Claims

  • YouTube channel EllioTrades Crypto said that ADA holders will have the best gains this 2021.
  • ADA reached a new all-time high at $1.82. It’s current price is $1.71.

According to YouTube channel EllioTrades Crypto, traders who hold Cardano’s native token ADA are in for a bullish treat. In fact, the video says that ADA will give traders the “best gains”.

According to the video, ADA has a high possibility of mooning for several reasons. First, ADA has reached a new all-time high (ATH), which is $1.82. Without a doubt, ADA has left its previous ATH and strong resistance levels in the dust.

At the time of writing, ADA price is trading at $1.71, according to CoinGecko. It reached the above-mentioned ATH just a couple of days ago.

Toward the latter part of the video, Elliot (the person speaking) explained that one of ADA’s strongest values lie in its fundamentals. Cardano has struck partnerships with various African countries to provide services for the benefit of the continent. It recently launched Cardano Africa, which encapsulates its ambitious initiatives for Africans and the Cardano community.

Nevertheless, Elliot urged traders to do their own research, as he disclaims all he said as financial advice.

ADA/USDT 1-day chart (source: TradingView)

As seen on the chart above, ADA has already surpassed the psychological resistance level at $1.5, as well as $1.6. Prior to this, ADA bulls have been attempting to break past this barrier from March to April. Now, ADA has successfully flipped the said resistance into support.

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