Cardano (ADA) remains in a bearish phase, but analysts predict a strong breakout based on its historical patterns.
๐ Analyst Predicts 250% Surge
Crypto analyst Sssebi notes that Cardano follows a patternโconsolidation, 200-300% rally, then consolidation again. With ADA already up 300% in November-December, he expects another surge to $2.5.
๐ฅ Potential Catalysts for ADAโs Growth
US Government Data on Blockchain? Some analysts believe Cardanoโs decentralization and uptime make it a strong candidate for Elon Muskโs vision.Midnight Scaling Solution & ETF Approval could boost adoption and increase institutional inflows.
๐ 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.
๐ฏ ADA Price Targets
$1.31 - Key resistance
$2.00 - 61.8% Fibonacci retracement
$2.50 - Analyst target
๐ Invalidation: A drop below $0.516 would challenge the bullish outlook.
โ ๏ธ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
Top comments (0)