Experts claim a significant increase in Cardano's price this session due to technical analysis and Charles Hoskinson's advisory involvement. However, the SUI blockchain and DTX Exchange may exhibit even stronger growth.
Cardano Price Analysis: Growth Expectations
Cardano price showcases a bullish technical setup, combining a double-bottom pattern and an ascending channel structure. The double bottom formed as ADA tested the $0.882 level, confirming it as a strong support zone. The recent recovery has pushed Cardano's price above its 50-EMA ($0.965 on the 4-hour chart), indicating increasing bullish momentum. A breakout above the interim resistance near $1.026 would confirm the pattern and pave the way for further upside. ADA is trading within an ascending channel with the upper trendline near $1.20, matching the double bottom's target, suggesting a 25% increase from current levels.
SUI Blockchain: 15% Growth Potential
SUI blockchain has bounced off the lower trendline of its prevailing rising wedge, showing a bullish rejection similar to its action in December 2024. The current recovery brought the SUI blockchain above its 200-EMA ($4.48), potentially supporting a sustained uptrend. SUI blockchain's RSI on the 4-hour chart indicates potential for further growth. If buying pressure persists, SUI could challenge its interim resistance near $4.80 before reaching the upper trendline at $5.32, up about 15%.
DTX Exchange: A New Platform on the Rise
DTX Exchange takes a hybrid approach, blending centralized and decentralized principles to offer innovative solutions. Powered by the VulcanX blockchain, it enables trading of traditional and cryptocurrency instruments. Expected to gain popularity among investors ahead of its Tier-1 exchange listing in Q1, experts predict a 9,500% growth potential for DTX Exchange this cycle.
Experts forecast a significant increase in Cardano's price this session. The SUI blockchain and DTX Exchange are also poised for substantial gains, aiming for new highs as ADA prepares for a rally.
