The stars may be finally aligning for Cardano (ADA) and its holders, as the crypto token recently experienced a significant reversal and a jump in its trading volume. Interestingly, this development coincides with an ultra-bullish prediction that a crypto analyst made for the crypto token.  Crypto Analyst Predicts Cardano To Rise To $9 Crypto analyst Altcoin Daily revealed in an X (formerly Twitter) post that $9 is their peak price target for Cardano in this bull run. The analyst joins other crypto analysts who have made ultra-bullish predictions for Cardano despite how low the crypto tok ..read more

Cardano is currently in a downtrend, continuing to show bearish tendencies as its price trends below $0.5. However, where many have seen an altcoin that does not have many prospects, crypto analyst FieryTrading believes that the digital asset is giving investors an opportunity to get in for cheap. Cardano Can Break Out Of Parallel Channel In an analysis on the TradingView website, crypto analyst FieryTrading alludes to Cardano’s ability to break out and go on a massive bull run. The analysis draws from a previous analysis where the analyst had pointed out that the Cardano price had entered a p ..read more

The analytics firm Santiment has revealed that Cardano (ADA) currently shows a slightly better buying opportunity than the other top coins. Cardano May Be Showing A Good Buying Opportunity According To RSI In a new post on X, Santiment discussed how the top assets in the cryptocurrency sector have been performing regarding the Relative Strength Index (RSI). The RSI here refers to a technical analysis (TA) indicator that tracks the velocity and magnitude of recent changes in any given commodity’s price. This momentum oscillator is generally used to judge whether an asset is overvalued or underv ..read more

The Cardano (ADA) price is down 46% since its yearly high and is currently facing a make-or-break price level for a bullish reversal. Here’s what you need to know: Cardano Price Analysis: Daily Chart The daily ADA/USD chart is currently charting a path within a descending channel, which has defined the bearish trend since the beginning of March. On Monday, the ADA price peaked near $0.475, encountering substantial resistance at the channel’s upper boundary and from the critical 20-day Exponential Moving Average (EMA), which stands currently at $0.47. In the short-term, this resistance level i ..read more

Cardano has recovered from its April lows and continues to maintain a strong momentum above $0.45. This has prompted expectations that the altcoin will go on a rally from here. However, not everyone shares this sentiment as one crypto analyst expects the price to crash further from here. Cardano Will Crash Back Below $0.45 In the latest video on his YouTube channel that revolved around Cardano’s future trajectory, crypto analyst, ‘More Crypto Online’, revealed why the ADA price is poised for more decline. The analyst pointed out that the altcoin is currently in its 3-wave corrective rally. Now ..read more

Cardano (ADA) might be going through a lackluster price action at the moment, but analyst Ali Martinez believes the crypto might be gearing up for a parabolic run. While taking to social media platform X, Martinez talked about an intricate price analysis that ADA investors might find appealing. Particularly, the analyst noted that the cryptocurrency’s current price formation is showing signs of a comeback, according to its price history.   Cardano Price History Shows Signs Of Comeback The price of Cardano has been on a correction path since the middle of March when it peaked at $0.79 ..read more

An analyst has explained how, if the historical pattern followed by the ADA price is to be believed, Cardano seems ready to go on a parabolic bull run. Cardano May Be Set For A Bull Run Based On Historical Trends In a new post on X, analyst Ali Martinez has discussed what hints history may contain regarding where ADA’s price would go next from here. First, here is a chart shared by the analyst that shows the trend the cryptocurrency followed back in 2019: From the graph, it’s visible that the asset had first consolidated inside a parallel channel during this period. A “parallel channel” in te ..read more

Crypto prediction website Telegaon has provided insights into when Cardano (ADA) will hit $45. A rise to that price level represents an 8.900% price gain from its current price level, which will appeal to ADA holders, especially given the crypto token’s recent unimpressive price action.  When Cardano Will Rise To $45 Telegaon predicted in a blog post that Cardano will reach $45 by 2050. They highlighted $45.87 as the maximum price the crypto token will likely attain that year. Meanwhile, $39.12 and $42.41 are predicted to be ADA’s minimum and average prices that year. The prediction site ..read more

Data from analytics platform IntoTheBlock have illuminated a troubling trend within the Cardano (ADA) network, showing a significant dip in ‘profitability’ for its holders. While cryptocurrencies like Bitcoin and TRX show a high percentage of holders in profit, Cardano stands in stark contrast, with only 35% of its holders currently seeing gains. This insight into the Cardano ecosystem reveals deeper challenges, as many of ADA’s transactions now appear to be at a loss. The chart below shows the percentage of holders in profit on several top layer 1 networks Bitcoin remains king, with $TRX be ..read more

Cardano suffered a massive price crash over the last two weeks. However, with the market recovery, the ADA price has begun to see some positive headwinds. Analysts expect this recovery to continue, with one crypto analyst in particular, who goes by CobraVanguard, expecting a bullish continuation toward $1. Cardano Completes The ABC Wave The crypto market crash, led by Bitcoin, saw the prices of Cardano and other altcoins plunge into a dreaded ABC wave. This wave is notorious for causing massive dips to the tune of 50%, leaving investors in losses in its wake. The crypto analyst revealed that W ..read more