Cardano price predictions are forecasting ADA’s imminent uptick now that ADA has breached the $0.80 resistance zone.
Cardano has often been known to play the long game, and even after the recent downturn, ADA holders remained steadfast, sustaining a strong bullish sentiment.
While most altcoins chase hype cycles, Cardano has built in silence with developments such as its collaboration with Litecoin to enhance DeFi’s interoperability. Cardano price predictions project an uptick that could see Cardano reclaim a price above $1. Here’s more.
Bullish Cardano price predictions emerge as ADA nears $0.80
Cardano’s ADA has rebounded from support at $0.55. ADA is now well on its way to new heights, as seen by its fourth attempt to breach an extended descending wedge pattern that has been in place since late last year.
Further boosting chances of a Cardano surge is its network’s increased open interest from crypto exchanges and other financial institutions. ADA’s price has grown relatively steadily, but analysts say that is only because institutional players are accumulating in preparation for the coming bull run.
Image Source: Trading View
For ADA to rally, there are still several resistance zones that could see it stagnate or meander along a consolidation pattern before the market decides. For now, ADA is negotiating the $0.82 resistance, and if Cardano bulls flip this zone into support, ADA has a clear chance at reclaiming $1. That means you only need $1000 to retire with ADA if it surges 100x in 2025.
Cardano’s $600 million scandal could dampen bullish sentiment
ADA has sustained an uptick of over 26% in the last month, adding to a year-to-date price increase of 60%. ADA’s rebound above the $0.55 support level is also proof of its resilience and upward potential.
Image Source: CoinGecko
However, the recent announcement of a full audit on Cardano’s IOG following the community’s accusation of ADA token misuse could dampen the bullish sentiment forming around ADA.
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Conclusion
Cardano price predictions might forecast an uptick on the horizon, but ADA has a long way to go past existing resistance levels before surging 100x. Plus, increasing scrutiny on the ADA makes Remittix a decent alternative for massive gains.
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