thecryptobasic.com
Jayson Casper, a widely followed YouTuber and crypto educator, has emphasized his belief in Cardano and its price trajectory.
He shared in his recent analysis that he is a “big holder” of Cardano, becoming the most recent YouTuber to confirm exposure to the 10th-largest cryptocurrency by market cap. Furthermore, he disclosed that he is in ADA for the long term, insisting he would not sell ADA until a criterion is met.
First Major Sell Target
Specifically, Casper noted he would consider liquidating his Cardano stash around $5, calling it his first major sell target. This reemphasizes his bullish stance on the coin, as he expects it to one day break above its current all-time high and reach the unprecedented price target.
Interestingly, he stated he would not sell ADA until it reached $5, even if it meant holding for 25 years. However, he does not believe the coin would take that long to reach the target.
“Honestly, look at the money flow on Cardano as well,” he said.
Notably, the money flow index (MFI) is a technical indicator that combines price and volume to assess buying or selling pressure. Casper noted that this metric is rising on the weekly and 4-day Cardano charts, suggesting real strength despite recent downtrends.
Remarkably, this outlook aligns with a projection from analyst Mr. Banana. He urged holders not to sell ADA below the $5 mark, stating it was the point where they would start realizing the coin’s full bullish potential.
Cardano Looking Nice
Meanwhile, in his latest analysis, Jayson Casper noted that the ADA/USDT chart looks very good as bullish signals flash on the 4D chart. He identified a hidden bullish divergence, with money flow getting thicker again at the current support area.
Additionally, Cardano also holds a key ascending trendline support. The asset has held this critical trendline since September 2023, with other attempts to break down also proving futile. Last week, ADA revisited the trendline, dropping to $0.37, but bounced from that area again.
Casper sees these signs propelling Cardano to much higher prices if Bitcoin holds support. According to him, altcoins like ADA would see “serious pumps” if the crypto leader holds its own, projecting that this would happen within the next few weeks or in a month and a half.
However, he stated that this is not guaranteed, as the market could move sideways.