Recent predictions indicate that Cardano (ADA) could be on the verge of a new high, with potential price increases of over 1000%.
Analysis of ADA Growth
Analyst Jad Mubaslat, known online as Deezy, suggests that ADA could reach $7. He pointed out that the current conditions resemble past bull trends, where the price reached $1.31 in 2018 and $3.10 in 2021.
Support and Target Levels
Crypto analyst Crypto Patel also believes that ADA is not dead, predicting it’s gearing up for a 688% increase potentially reaching $5. He highlighted a buying zone between $0.45 and $0.65, with target levels of $2, $4, and $6.
Current Market Situation
Currently, ADA is trading at approximately $0.6526, and the trading volume has increased by over 24%. This indicates that investors are becoming more active ahead of a possible major rally.
Experts' forecasts reflect a positive outlook about Cardano. If historical trends are maintained, ADA could show substantial growth in the upcoming months.
