Michael van de Poppe, a leading cryptocurrency trader, has been charting a significant support zone for Cardano for some time now.
On November 26, after a market correction that many are referring to as the “Black Friday sale for crypto,” ADA entered the key buy zone predicted by the expert. Interestingly, this is the first time the cryptocurrency has returned to this level since September, before the coin’s spectacular ascent.
The purchase zone at $1.54 was reached on Friday morning after Cardano fell below the support level at $1.79. With that stated, van de Poppe anticipates Cardano to resume its climb over the critical $2 barrier after finding support around this price.