Cardano (ADA) and Dogecoin (DOGE) are trying to bounce back, and analysts are posting signs of bullish comeback in the market.
The overall crypto market is showing positive momentum, with the global market cap hitting $2.66 trillion. That’s a 0.83% increase, indicating renewed investor interest.
Cardano recently dropped to a monthly low of $0.5165, but it has since begun showing strength. It is currently trading at around $0.6153 after just 0.40%.
Crypto analyst AMCryptoAlex believes Cardano may rise further. He predicts ADA could reach $0.70 if it breaks past its short-term resistance with strong price action.
He said, “Cardano is positioned at a short-term support trendline,” and mentioned that if the price can close above $0.67 on a 4-hour chart, that might be a good sign for a trend reversal. He’s aiming for a short-term target of $0.70.
Source: AMCryptoAlex
The analyst also warned that global issues like the ongoing trade problems between the U.S. and China, might shake investor confidence and make it harder for ADA to break higher. So even though the chart looks okay, the real world could slow things down.
Dogecoin is also bouncing back. It recently dipped to $0.151 but bounced back quickly. It is now valued at $0.1541, which is a 0.60% drop in the last 24 hours. However, the token saw an intraday high of $0.1575.
Crypto expert STEPH IS CRYPTO shared a bold prediction that DOGE could hit $2 within the next three months. Another analyst, CryptoSurf, also agress with the buliish outlook, he said DOGE might cross $1 pretty soon if the momentum keeps going.
Moreover, History could repeat itself. April has always been a good month for ADA. If it repeats that trend, the token could rally again, possibly heading toward the $1.51 price level.
Right now, the price is testing a price level around $0.60, and if it breaks past that, the price could climb even more.
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