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Cryptocurrency News Articles
Cardano (ADA) Price Prediction 2025: Will ADA Rally Past Its ATH of $3.1 and Possibly $5?
Nov 22, 2024 at 10:23 am
Cardano (ADA) has racked an impressive $29B market cap over the past few weeks with the much-sustained rally as the price of ADA broke above its two-year high of $0.8 trading with much bullish price action as there is high speculation of the token hitting $1 before the year 2024 run out.
Cardano (ADA) has seen a remarkable surge in the past seven weeks, with its sustained rally pushing its market capitalization to an impressive $29 billion. The ADA price has soared past its two-year high of $0.8, showcasing bullish momentum and sparking speculation of the token reaching $1 before 2024 ends.
This impressive rally has not gone unnoticed by whales and investors, with on-chain data revealing a surge in large ADA transactions. This whale activity, coupled with the recent price surge, has been a key factor in ADA's strong performance.
As Cardano continues to make waves in the crypto market, many are wondering if ADA can rally past its previous all-time high, which was around $3.1. Some analysts have even predicted that ADA could reach $5 in the future.
To assess the validity of such predictions, let's delve into some key metrics that could contribute to ADA's potential rally to $5.
Cardano (ADA) Whale Activities
Data from Santiment shows a surge in whale activities, with two consecutive weeks of over 8,900🐋🐳surging in transactions, setting a six-month high.
After starting a solo price rally in the past seven weeks, notably decoupling from the rest of the altcoins, Cardano has seen a surge in on-chain activity.
This activity, which includes large ADA transactions, has been on the rise, with two consecutive weeks of over 8,900 whale activities, setting a six-month high.
In the past two weeks, on-chain data reveals that ADA whale activities have crossed the 9,000-🐋🐳 mark, which coincides with the始めsurge in ADA's price嫩芽.
Whales have been accumulating ADA tokens heavily in the last few weeks, which has acted as a catalyst in the current price rally.
A large volume of الكبيرlarge whale activities broke a major price resistance of $0.5, which has largely prevented ADA from a major price rally for months now.
A break above this key resistance has led to over 120% price嫩芽 in the last two weeks as speculation on ADA's price begins to surface before 2024 ends.
Cardano trades above $0.8, breaking a key weekly resistance. If we close above the weekly resistance, we could see ADA headed to $1.2 before the year runs out.
Cardano's previous all-time high was $3.1, and there's a good chance ADA will rally past this ATH and then $5, especially since the current price rally is still in its early stages of the bull market.
With an expected altcoin season on the horizon, we can't rule out ADA price rallying to highs of $5.
However, always conduct additional due diligence before investing in any crypto altcoins, as they're known to be highly volatile.
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