Prices for Cardano Ada Cryptocurrency have risen 27% over the past month, with exciting analysts continuing as the Altcoin season continues. The ADA bounced back from $0.71 and then recovered $0.80, forming a bullish, high, low structure. Furthermore, its relative strength index (RSI) is positive, indicating a positive price momentum. With positive market sentiment around it, can Cardano Adda explode to $5 at the price?
In a recent post shared on X, prominent pseudonym analyst Ali_Charts shared the potential scenario for the ninth largest cryptocurrency by market capitalization. Analysts have predicted $1 as a potentially achievable short-term price range for Ada Bulls. The long-term bulls show a price hike up to the $1 mark, as shown in his ADA technology chart dating back to December 2024. However, analysts argued that this scenario can only be achieved if it succeeds in exceeding the $0.81 resistance level. “If Cardano Adda breaks beyond $0.81 resistance, you can set your vision to $1.”
As mentioned before, whale activities can be a huge help to raise prices for ADAs to return to $1. Earlier this month, Coinbase had a whale transaction of approximately 70 million ADA. The latest whale accumulation is just a start, and its value can skyrocket as more whales begin to plummet through the ADA. Furthermore, trading volume around assets has also increased by 5% over the past 24 hours. With television rising and whales playing the role, a surge in Cardano’s native code could be imminent.
Furthermore, ADA’s fundamentally bullish upward trend comes with ETF development. According to data from Taptools, the probability of an ADA receiving a spot ETF has skyrocketed by 45% since the beginning of the year, indicating an increase in institutional interest in Altcoin ETFs. If the Cardano Ada ETF is launched in 2025, it could give Cardano Altcoin a bit of momentum, causing prices to rise. Some experts suggest that ETF launches could raise the ADA by almost 400%, reaching $3-5 in the first few months of the ETF’s arrival.
According to Cincodex, the ADA is currently sitting at $0.73, but Ali Martinez isn’t as potential as the project. According to Concodex, 15 years from now, Ada May May will sit for $1.89, up 149% in the process. “According to current Cardano price forecasts, Cardano prices are forecast to rise by 149.14%, reaching $1.86849 by December 28, 2040,” analysts say. “Our technical indicators show that the current emotions are neutral, but the fear and greed index shows 74 (greed). Cardano has recorded a 14/30 (47%) green day with a volatility of 7.39% in the last 30 days.