Cardano (ADA) remains in a bearish phase, but analysts predict a strong breakout based on its historical patterns.
📊 Analyst Predicts 250% Surge
Crypto analyst Sssebi notes that Cardano follows a pattern—consolidation, 200-300% rally, then consolidation again. With ADA already up 300% in November-December, he expects another surge to $2.5.
🔥 Potential Catalysts for ADA’s Growth
US Government Data on Blockchain? Some analysts believe Cardano’s decentralization and uptime make it a strong candidate for Elon Musk’s vision.Midnight Scaling Solution & ETF Approval could boost adoption and increase institutional inflows.
📈 Technical Analysis: Bullish Continuation?
ADA is currently in a short corrective phase of the Elliot Wave pattern. The next leg up could push it past $1.31, with $2 as the next key target.
🎯 ADA Price Targets
$1.31 - Key resistance
$2.00 - 61.8% Fibonacci retracement
$2.50 - Analyst target
🛑 Invalidation: A drop below $0.516 would challenge the bullish outlook.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
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