Can Cardano Hit $1.6 In the Month of May?

With a lot of hype creeping around Crypto currencies such as BTC,ETH, DOGE and XRP. we may be sleeping on a hidden gem... ADA! Last week Cardano has announced their project in Africa announcing their plans to develop a new blockchain framework to provide identity services in Africa and seem to have a lot of interesting project planned for 2021. Technically I like the look of ADA at this current level due to the technical play. ADA is still in a bullish run on the daily and weekly chart. We see price testing the 0.26% on the fib extension level a few times failing to break. This indicates to me a potential bounce of price around this level aiming for $1.4 as Cardano aims to retest its previous ATH. If price could break this level we may see more buying momentum aiming towards $1.6

P.s Im not a financial advisor, I just trade what I see in front of me.