Jakarta, Pintu News – According to the latest analysis from crypto experts, Cardano (ADA) looks set for a significant rise. A well-known crypto analyst, Jad Mubaslat, better known as Deezy on X (formerly Twitter), predicts that ADA could surge up to $7. Currently, ADA has dropped 52% from last year’s peak of $1,327.
Check out the full analysis here!
Deezy looked at Cardano’s (ADA) historical patterns and found that the token is following the same pattern as in previous bull runs. “Cardano is on track for an almost 10-fold rally,” he wrote.
The chart shown by Deezy shows that ADA has reached the same uptrend line as during previous big rallies, such as in 2018 when it reached $1.31 and again in 2021 when it rose to $3.10. If it follows the same trend, ADA could surge more than 1,000% to $7.09.
Also read: Geoffrey Kendrick of Standard Chartered: “Bitcoin (BTC) Price Will Break $200,000 by 2025!”
Tim Warren, another analyst, also saw signals supporting the $7 price prediction, in line with those predicted by Deezy. Meanwhile, Crypto Patel, another big name in the crypto space, stated that Cardano (ADA) is ‘not dead’.
According to him, ADA is gearing up for a 688% rally that could take it to $5. “The set up is clean,” Patel said. He suggested that the buying zone is between $0.45 and $0.65, where smart investors stack ADA before it surges again.
Read also: Bitcoin (BTC) is on its way to alternative asset status, can it?
Mr. Brownstone, another analyst at X, is also optimistic about Cardano’s (ADA) prospects. He pointed out a few key signals that turned bullish. One of them is the MACD indicator turning green, which usually signals a good time to buy.
In addition, the price of ADA is above the Ichimoku Cloud, signaling a strong trend. Ali Martinez also noted that Cardano (ADA) is breaking out of the triangle pattern on the chart, and if it continues, it could increase by another 27%, which would bring it close to $0.80.
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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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