Analyst Updates Cardano (ADA) Price Prediction, New Crypto Presale Smashes $6 Million Within Days

Analyst Javon Marks updated his Cardano price forecast as he predicted the ADA price could pump to $2.77. It’s now trading at $0.90. At the same time, a new crypto presale ‘Solaxy’ launched a few days ago and quickly raised over $6 million.

Analyst Updates Cardano (ADA) Price Prediction, New Crypto Presale Surges Past $6 Million

Renowned crypto analyst Javon Marks has unveiled his latest Cardano price prediction, suggesting that ADA could rally to an initial price target of $2.77. This prediction comes as ADA is currently trading at around $0.90.

Meanwhile, a new cryptocurrency presale, Solaxy, has reportedly raised over $6 million within just a few days of launching its presale earlier this month.

Marks’ detailed chart analysis reveals a fascinating pattern in Cardano's price movement, characterized by periods of consolidation followed by breakouts. The current ADA price structure closely resembles previous accumulation periods that preceded major rallies. In these historical instances, ADA surged by more than 180% after forming similar setups. These consolidation areas are highlighted in blue, followed by sharp upward trends.

According to the analysis, three key price targets have been identified: $2.77 as the initial target, followed by $5.28 and $7.47. These Cardano price projections are based on historical price behavior and technical indicators. The ADA chart also highlights important support levels at $0.81, $1.66, and $2.32, which have previously served as pivot points during price movements.

Solaxy's presale launched earlier this month and almost immediately managed to raise over $6 million. This is a strong showing for such a “young” presale, with the project set to launch in early 2025.

The project builds on Solana's ecosystem by implementing a Layer 2 solution that processes transactions off the main chain. This architecture aims to reduce congestion and transaction costs while maintaining high throughput, particularly during periods of heavy network usage.

A key feature of Solaxy is its cross-chain compatibility, specifically between Solana and Ethereum networks. This infrastructure allows users to move assets between these two major blockchain ecosystems, combining Solana's speed with Ethereum's established liquidity pools.

The platform incorporates real-time monitoring and predictive analytics to optimize performance and anticipate network congestion. Its native token, SOLX, comes with a staking model offering high annual percentage yields during the presale period.

Check Out $SOLX Presale

The project has caught the attention of prominent crypto analysts, including the 99Bitcoins YouTube channel with its 718,000 subscribers, who discussed SOLX's 100x potential in their latest video. The token is currently available through Solaxy's official presale website at a discounted rate.