Cardano Price Prediction: Analysts Foresee Significant Surge

Cardano (ADA) is expected to experience a significant surge of 140%, as predicted by renowned analysts. This potential price increase comes after the cryptocurrency has recently seen a remarkable growth of 300% in just 30 days.

According to Alan Santana, a well-known crypto analyst, Cardano’s current trade setup and bullish signals indicate a potential 700% gain with 5x leverage using a specific trade arrangement that carries about 12% risk. This prediction is not the only positive outlook for ADA.

Michaël van de Poppe, another respected analyst, has also expressed his optimism regarding Cardano’s future price action. He notes that past declines following ADA’s strong run in 2024 present an opportunity for a reversal and a potential upward move into 2025.

The positive sentiment surrounding Cardano is further supported by data from IntoTheBlock, which indicates considerable buying interest in the $0.8366 and $0.6683 price zones. This suggests that a significant portion of the cryptocurrency’s wallets have accumulated substantial amounts of ADA within these areas, creating strong demand zones for potential bounces.

As it stands, Cardano is trading at approximately $1.09, representing a 5.38% increase over the last 24 hours and an impressive gain of 23.90% in the past week.

While some may be concerned about the project’s treasury management and community representation, these issues seem to have had little impact on the cryptocurrency’s recent price action.

Source: www.crypto-news-flash.com