Analysts predict that Cardano will overcome $0.45 resistance, potentially reaching $0.75 by December.
The crypto’s consistent upward trend is supported by an increase in transactions exceeding US$100,000, signaling increased institutional interest.
Cardano’s native crypto asset, ADA, has shown strong movement today with its price jumping by 6.28% and trading at $0.42. With this move, Cardano has extended its weekly gains to over 10% amid a rally in the broader altcoin space.
In recent weeks, Cardano has shown a consistent upward trend, catching the attention of expert crypto trader Ali Martinez.
Drawing a parallel between the crypto’s consolidation in mid-November and the phase observed from 2018 to 2022, Martinez suggested that Cardano is poised to overcome the $0.45 resistance barrier and potentially reach $0.75 by the end of December.
The past three months have been crucial for Cardano, and the future looks even more exciting. Notably, the network has witnessed a surge in
