The recent market developments have pushed some altcoins ahead, while others have faced a backlash from both the market and the investor community. The ADA coin and Unilabs Finance are among those projects that have shown a promising outcome amid market volatility. Remarkably, Unilabs Finance has raised over $12 million in its ongoing presale stage 6.
Cardano Price Can Hit $1.35 Soon, Claims Analyst
Although the Cardano price has dropped by 2.35% to reach $0.72, analysts are optimistic about its future. According to a descending wedge chart pattern, a bullish breakout followed by the resistance line flipping to support is a strong signal for ADA coin buyers, indicating they’re gaining momentum.
In this scenario, if the broader crypto market experiences a recovery, the Cardano price could surge by 101% to reach $1.35, with $5 as a long-term target. However, the chances of SEC approval for a Cardano ETF have recently diminished, creating some uncertainty for the ADA coin holders.
From a technical perspective, the ADA coin has a bearish trendline to break through, which almost guarantees a rebound to over $0.94 in the coming weeks if the market continues its short-term uptrend. Subsequently, ADA coin could reach between $1.08 and $1.20. The $1.35 level would primarily help the Cardano price capture liquidity above the March 11 high.
Source: TradingView
Cardano Price Prediction And Technical Analysis
While bullish predictions for the Cardano price are encouraging, investors should remain careful about potential challenges. The chances of SEC approval for a Cardano ETF, as well as the broader altcoin market evolution, will be crucial elements to monitor for ADA coin holders.
Additionally, Cardano’s ability to maintain its momentum and attract new ADA coin buyers will be essential to support a price increase. From a short-term technical perspective, the $0.74 zone will be crucial to watch. If this bearish trendline is broken, the Cardano price could return to $0.80 soon. Conversely, it’s necessary for the ADA coin to maintain support at $0.72.
Technical Analysis Favors Unilabs Finance Over Cardano, Here’s Why
Unilabs Finance (UNIL) is diverting the bearish news about the fluctuation in the Cardano price with its bullish presale debut. So far, this new AI entrant has scored over 1.7 billion tokens priced at $0.009 and raised nearly $12 million, with massive funds flowing into the network every day. Investors are now comparing UNIL to ADA coin as a much better choice.
Investors find Unilabs Finance a reliable investment platform as it allows them to rely on its AI tool to find the crypto world’s hidden gems and consistently rebalance their portfolio. Rather than guesswork, they get a data-driven approach that adapts to real-time market shifts, safeguarding interests while pursuing maximal returns.
Unilabs Finance Eyes Q3 Breakout Following Stage 6 Success
The resounding presale success has positioned Unilabs Finance (UNIL) as one of the leading cryptos under $1 that have captured the market’s attention with their dramatic growth. And it’s just about the presale hype, the platform does, in reality, enable investors to diversify and expand their income streams through four fund options: AI, BTC, RWA, and Mining Fund.
Based on the on-chain data, analysts claim that this newbie could dominate Cardano and potentially lead it in the near term. Some investors have even claimed that Unilabs Finance is a better choice than ADA amid the uncertainty encountered in the Cardano network. The platform also rewards its members by redistributing 30% of the total fees generated back to holders.
Conclusion
As the technicals favor Unilabs Finance (UNIL) over Cardano (ADA), the performance statistics also position the AI-powered asset manager as a better choice for stronger and more stable growth. Learn more about Unilabs Finance by visiting the presale link given below.
Discover More About Unilabs Finance:
Presale: https://www.unilabs.finance/
Buy Presale: https://buy.unilabs.finance/
Telegram: https://t.me/s/unilabsofficial
Twitter: https://twitter.com/unilabsofficial
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