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Cardano (ADA) Price Prediction & Analysis: Surge to $10 Incoming?
Breaking through the key resistance level of $0.756 would be a strong bullish signal and could trigger accelerated upward movement for Cardano’s ADA token. The current consolidation between $0.695 and $0.75 presents an opportunity for investors to consider ADA as a potentially lucrative investment.
The price is currently trading sideways, with a breakout above the upper boundary of the pattern and close above $0.756 potentially unlocking 12% gains, targeting the $0.85 level in the near term. If ADA falls below the lower boundary and closes below $0.69, support at $0.65 would be the next target, followed by additional support levels between $0.50 and $0.60.
In a significant development, Cardano has received recognition from the White House Crypto Working Group. The inclusion of ADA alongside Bitcoin, Ethereum, XRP, and Solana highlights its growing prominence in the crypto market. Furthermore, founder Charles Hoskinson is set to moderate a discussion with Donald Trump Jr. and World Liberty Financial at the DC blockchain summit on March 26.
Long-term price targets for ADA have been projected by some analysts. Crypto expert Dan Gambardello suggests that ADA could potentially reach $10 in an upcoming bull cycle, which would represent a 1,300% increase from current prices around $0.70. This bold prediction is based on Cardano’s foundational technology and competitive advantage.
While the near-term target of $1 remains crucial for bulls, clearing the 200-day EMA hurdle is essential first. Any successful breakout above current resistance levels could propel ADA toward this milestone, although it’s important to note that market conditions are highly unpredictable.
For now, ADA investors should keep a close eye on key resistance and support levels, as well as any potential developments from the White House Crypto Working Group and Cardano Foundation initiatives.
Source: https://coincentral.com/cardano-ada-price-prediction-analysis-surge-to-10-incoming/
