Cardano (ADA) is making bold moves to the upside amid the broader market rally this week. At press time, the ADA price is up by 3.87% trading at $.0.6034 with a market cap of $12.3 billion. Over the last week, the Cardano p[rice has surged by 14% with more coming ahead.
Cardano (ADA) Price Rally to $8
In a recent analysis, cryptocurrency analyst Ali Martinez suggests that Cardano (ADA) could be on the brink of a breakout sooner than anticipated. Drawing parallels from historical patterns, Martinez anticipates a potential surge in ADA’s price trajectory, with projections indicating a climb to $0.80 in the near term.
Courtesy: Ali Martinez
However, Martinez emphasizes a cyclical pattern, forecasting a subsequent retracement to around $0.60 before embarking on a bullish ascent towards $8 by January 2025.
Cardano’s native cryptocurrency ADA has very much participated in the broader market rally by gaining nearly 50% over the last year. The ADA trading volume shows that the bulls are in
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