Cardano (ADA) has experienced significant price swings after surging 72% following Donald Trump's announcements. This movement has attracted the attention of analysts and crypto experts.
Cardano's Extreme Volatility
Cardano (ADA) demonstrated significant volatility, rising by 72% on Sunday. However, a 19.29% correction occurred over 24 hours, with the price reaching $0.8053. Interest in ADA surged after Donald Trump's statement about including the cryptocurrency in the US Crypto Strategic Reserve.
Analyst Predicts Bullish Targets for Cardano
Crypto analyst 'CryptoELITES' mapped out bullish targets for Cardano, setting price points at $2.50, $3, and $6. Additionally, the ultimate bull market target is at $12. The analysis included a chart showing a 'cup-and-handle' formation, often a precursor to strong upward trends.
Listing Plans on Gemini Exchange
Gemini co-founder Tyler Winklevoss unveiled the possibility of adding ADA to his crypto exchange, which could significantly impact its accessibility and interest among traders.
Despite current fluctuations, the outlook for Cardano is optimistic, particularly with plans to list it on the Gemini exchange. The cryptocurrency continues to draw investor attention, which could influence its future development.
