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Cryptocurrency News Articles
Cardano Price Prediction: Will ADA Hit $6 by 2025?
Nov 16, 2024 at 01:46 am
Crypto analyst Ali Martinez shared a bold prediction for Cardano price on X. He expects the ADA price to surge beyond $6 in the coming year.
Crypto analyst Ali Martinez has boldly predicted that the price of Cardano (CRYPTO: ADA) will reach $6 by July-September 2025.
What Happened: Martinez’s projection is backed by historical price patterns and technical analysis. In a chart shared on Friday, he pointed out that ADA saw an unprecedented 4,095% surge from its low following the 2021 COVID-19 market crash, reaching $3.085.
Based on similar patterns, Martinez expects the current bull run to propel ADA to $6.248, indicating an 827% increase from current price levels.
The ADA token has shown signs of gaining momentum, with a 53% gain in the last seven days. In the last 24 hours, ADA’s price increased by 21.22%, recovering from a correction to $0.6742 at press time on Friday. The ADA price appears to be forming a bullish continuation pattern, signaling the potential for a breakout.
The ADA price surge is also expected to have been fueled by recent speculation regarding blockchain-based voting in the U.S. Several reports have suggested that Cardano and Hedera Hashgraph (CRYPTO: HBAR) are top candidates to implement a decentralized voting system.
While these rumors are yet to be officially confirmed, both Cardano — known for its decentralized identity and secure infrastructure — and HBAR have seen a surge in investor interest.
Unverified claims linked to Oracle’s ex-board member Shawn and the Department of Government Efficiency (DOGE) also hint at plans for blockchain-based identity verification systems.
Cardano’s founder Charles Hoskinson has expressed a commitment to focusing on crypto policy in Washington, D.C., in 2025. This aligns with the speculation regarding ADA’s potential role in e-voting systems.
See More: Best Cryptocurrency Scanners for Beginners
Cardano Price Today: Technical Analysis
Cardano's price action indicates a potential trend reversal after months of sluggish performance. The token recently broke out above the $0.50 level, suggesting bullish momentum.
Fibonacci retracement analysis highlights possible resistance levels at:
$1.87 (38.2% retracement)
$3.00 (50% retracement)
$3.81 (61.8% retracement)
A measured move from the recent breakout suggests ADA's next target could be $3.10, indicating a 360% increase from its current price. Martinez's chart analysis predicts an extended rally, potentially leading to the $6 price point he outlined for 2025.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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