Cardano: Crypto Analyst Says He Can See $ADA Price Reaching $40 in the Long Term

On Wednesday (May 19), popular pseudo-anonymous analyst and trader “Crypto Capo” (“@CryptoCapo_” on Twitter) offered his long term price prediction for Cardano ($ADA).

This is not the first time Crypto Capo has been bullish on Cardano’s ADA token. Back in March, his technical analysis of Cardano’s price action led him to conclude that Cardano could reach $3–$4 in the medium term and $30 in the long term.

Well, on May 19, Crypto Capo updated his long-term price target for $ADA:

The next day, he took to Twitter again to confirm how bullish he is on Cardano:

Data by TradingView indicates that the $ADA price hit $1.6017, which is so far today’s intraday high, at 13:34 UTC. Currently (as of 20:20 UTC on May 22), $ADA is trading around $1.4880, up 5.13% (vs USD) in the past 4-hour period. In the year-to-date period, Cardano’s $ADA token is up 718.93%.

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