Hopes of Cardano price predictions turning bullish are rising after the network made a series of announcements that could bring bullish sentiment back to the ADA/USDT pair.
The company announced that Minswap will launch on January 25th as a decentralized exchange (DEX) on the Cardano blockchain. Ravendex, another DEX listed on Cardano, is launching its NFT collection. Cardano also branches into the metaverse with the introduction of Pavia. This play-to-earn metaverse platform presents in-gaming within the Cardano blockchain and also a project that allows buying virtual land in the metaverse.
Will these announcements be enough to push Cardano price predictions higher?
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Cardano price prediction
The daily candle has formed a doji just above the 1.303 support. A bullish candle needs to follow this doji to confirm the short-term reversal of the 2-day slide initially targeting 1.405. Resistance barriers at 1.499 and 1.601 set new targets before 1.761 (low from December 2nd) comes into view as another target to the north.
To the downside, a drop below 1.303 support will initially target 1.197 before 1.073 comes into view as a new target to the south.
