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Top Crypto Analyst Predicts Rally for Cardano (ADA), Updates Outlook on Ethereum (ETH) and Shiba Inu (SHIB)

A carefully adopted crypto analyst is predicting a price surge for Cardano (ADA) whereas updating his forecasts for Ethereum (ETH) and Shiba Inu (SHIB).

The pseudonymous analyst Altcoin Sherpa tells his 182,600 Twitter followers that he believes sensible contract platform Cardano is in a sideways accumulation section and {that a} rally near $0.60 is in sight.

“It looks decent relative to other alts right now. I don’t think this is necessarily ‘the bottom’ and $0.55 should be resistance. That said, this almost looks like accumulation on higher timeframe charts.”

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Source: Altcoin Sherpa/Twitter

At time of writing, ADA is altering palms for $0.49.

Next up is main sensible contract protocol Ethereum. According to Altcoin Sherpa, he’s watching a key stage for ETH that would counsel whether or not Ethereum is gearing up for a breakout.

“I still think this recent move was a bear market rally but I will keep watching it. If we see a strong break of the recent highs, maybe some sort of cup and hand;e pattern will play out? $1,730 still a strong area to watch.”

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Source: Altcoin Sherpa/Twitter

At time of writing, ETH is valued at $1,657, up over 5% on the day.

The final coin on the dealer’s radar is meme coin Shiba Inu. According to the crypto strategist, he’s nonetheless invested in SHIB due to the coin’s tendency to erupt. At this level, nevertheless, he thinks the price motion of the crypto asset is impartial.

“Weird price action, seeing these weird spikes. I still have a small position in it overall, simply because I think it can pump unlike any other coin. Liquidity is also good on it. That said, this area+ price action = very neutral, in my opinion.”

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Source: Altcoin Sherpa/Twitter

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Featured Image: Shutterstock/E t o n I e/WindAwake/monkographic

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