Unexpected Short Squeeze Coming for Cardano (ADA), Says Analyst Who Called 2022 Crypto Correction

A high-profile crypto analyst is predicting a sudden short squeeze for Ethereum (ETH) top rival Cardano (ADA).

Kapo, the pseudonymous analyst known for calling the 2022 crypto market crash, says a sharp rally of relief awaits many crypto assets.

According to crypto strategists, Larry bet in the crypto market correct in a straight line.

“Late shorts are going to be very moody.”

A short squeeze is when a trader who borrows a unit of an asset at a particular price and expects to sell it lower (short) to pocket the difference is forced to buy back when the trade moves against the bias. It occurs when

Within the short squeeze, Capo predicts that Cardano’s current price will rise by 20% from $0.43 to $0.52.

Capo has a similar outlook for leading smart contract platform Ethereum. The second-largest crypto asset by market capitalization is expected to rise 23% to $1,800 levels, analysts say.

“ETH.

A short squeeze to $1,800 is still likely. “

At the time of writing, Ethereum is valued at $1,453, down more than 2% in a single day.

A Look at Popular Analyst Bitcoin To tell BTC has already hit the $20,000 level and is next seeing a relief rally to $23,000 before another implosion into the $16,000 range.

Capo says too many traders are confident that BTC will break through $19,000 and the price will continue its sustained downward trend. They say they will punish short-sellers.

There are far more people expecting $19,000 than $23,000. Squeeze those shorts.

At the time of writing, Bitcoin is trading at $19,847, flat for the day.

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