Is it Too Late to Buy ADA This Bull Run? Cardano Price Prediction

Crypto analyst Lark Davis shared his insights on Cardano's current market position and future potential. Davis, who commands an audience of over 600000 subscribers on YouTube, presented a bullish outlook for ADA despite its recent gains.

Crypto analyst Lark Davis, known for his vast following on YouTube with over 600,000 subscribers, recently shared his insights on Cardano’s current market standing and future potential. His analysis presents a bullish outlook for ADA despite its recent impressive gains.

According to Davis, while Cardano has already seen a 260% rally, the market still shows plenty of room for growth. Drawing from his personal trading experience, he highlighted his prior successful venture with ADA during the last cycle, where he managed to secure roughly 50x returns.

Cardano Price Prediction: Potential Peak at $10

Based on Davis’s technical analysis, ADA is currently breaking out of a major accumulation zone, indicating that this breakout phase is just starting. He identifies several key resistance levels that could define Cardano’s upward trajectory: $1.20 as the immediate target, followed by $1.60.

If ADA manages to clear these hurdles, the analyst projects ambitious Fibonacci targets of $4.80, $7.70, and potentially $10 within this cycle.

The analyst also notes that despite the current rally, ADA price remains below its previous all-time high, indicating a potential 200% upside just to reclaim these levels. Davis adds that the current market phase is primarily driven by attention and hype rather than fundamentals, with Cardano managing to capture both elements.

Anticipating 2025, Davis points to the possibility of Cardano being included in the spot ETF race, which could serve as another catalyst for growth. He calculates that at $10, Cardano would have a market capitalization of roughly $370 billion, indicating about 4% market dominance at the cycle’s peak.

The crypto analyst maintains that despite the significant gains already recorded, the current market dynamics and breaking technical patterns suggest it’s not too late for investors to consider entering Cardano positions, though he emphasizes the importance of understanding the associated risks and market volatility.

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