Source : coinquora.com
- Cardano is still facing price correction.
- Michael van de Poppe noted this on Twitter today.
- ADA price will correct to $1.50 before the correction ends according to him.
An on-chain analyst and a full-time crypto trader Michael van de Poppe has just tweeted about Cardano’s (ADA) price drip status. This time, he tweeted about the ongoing Cardano price correction.
In line with this, Poppe gave a smooth statement that ADA’s correction at this time will possibly grow to influence hate even more and more in the market. And however, the current Cardano synergy has made him extremely interested than ever before.
He further emphasized many assumptions and some groundbreaking facts that the Cardano community should be prepared to see the ADA price go down to $1.50. When this price action happens, he then strongly believes that the correction is over for Cardano.
#Cardano still correcting.
Possibly the hate will grow even more at this point.
That makes me interested.
We could be seeing a correction to $1.50 area, but then I think the correction is over.
— Michaël van de Poppe (@CryptoMichNL) November 18, 2021
Despite the downward pattern of Cardano’s price, this is not the end-game as price correction is inevitable for any cryptocurrency, even including the flagship crypto Bitcoin (BTC) itself. To go further, Poppe again noted that Cardano will survive to regain its full performance and make it to the top again.
At the time of writing, Cardano’s price was trading at $1.79 with a 24hr trading volume of $2,254,567,363. It also has $57,357,190,483 as its market cap value, according to Coingecko data.