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07/23 05:38

Cardano Price Prediction: ADA Could Break $1 Soon

Cardano Price Prediction: ADA Could Break $1 Soon

ADA is giving several bullish signals, in line with similar trends seen in the broader crypto market.

The token has broken through a key resistance level at $0.85, extending its upward momentum.

At the same time, the 9-day and 21-day exponential moving averages (EMA) have crossed above the 200-day EMA, a classic bullish signal and a strong buy signal that often precedes a significant rally.

This breakout was preceded by a “golden” crossover between the 9-day and 21-day EMA, which marked a clear trend reversal, extending ADA’s bullish momentum.

The realistic Cardano price prediction now targets the next key liquidity area at $1.18, representing nearly 34% upside from current levels.

Can ADA Hit $10?  This would require the market cap to exceed $300 billion, making it the third-largest crypto asset, surpassing Solana (SOL).

While reselling Solana may be difficult due to Cardano’s relatively small presence in DeFi — the total value locked (TVL) is only $300 million compared to Solana’s $9 billion — the bullish trend could help ADA close the gap.

With technical indicators still in ADA’s favor, further gains seem likely, especially if overall market momentum holds.

For traders looking to capitalize on this bullish trend, the new CoinFutures platform now allows users to place leveraged bets on major tokens like Cardano (ADA), Bitcoin (BTC), and Ethereum (ETH).

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