Cardano Next In Line After XRP? ADA Price Targets $4.88 In Epic Breakout
With ADA price showing signs of rising, Cardano could be the next currency to surge after XRP. The market is about to recover. One Cryptocurrency Analyst Predicts ADA Price May Experience an epic breakthrough to $4.88 during this bull cycle. The analyst bases his bullish forecast on Cardano price action and provides insights into its potential future moves based on technical analysis and current market conditions.
ADA price targets $4.88
Famous TradingView analyst Alan Santana posted Report statement Additional Price Rise for Cardano It is possible in this bull market cycle. The analyst shared a detailed price chart of Cardano’s movement from 2021 to now and its future price trajectory, which predicts a significant rise to $4.88 by 2026.
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Alan Santana revealed that since May 2022, the ADA price has been in a long-term consolidation phase for 915 days. Surprisingly, popular altcoins The range was breached earlier this monthgenerating the highest bullish volume ever.
Cardano’s current market position shows that it is steadily rising market bottomthis development often precedes a sustained upward trend. Alan Santana highlights Cardano’s Recent Trend Shift This is just the beginning, as cryptocurrencies have more room to grow during this bull cycle.
Furthermore, the analyst revealed that the main focus of his technical chart analysis is not to predict new all-time highs or to identify How far will Cardano reach by 2025. Instead, this analysis aims to highlight Cardano’s short-term price action based on long-term charts.
Looking at the price chart, Alan Santana identifies the 0.8875 Fibonacci level as the main support for Cardano. This support initially served as resistance that ADA overcame during last month’s bullish breakout. The analyst emphasized that Breakthroughs mark top levels ADA prices have been reached since May 2022.
Alan Santana predicts that if Cardano can break above the main support level at 0.8875, market sentiment will remain “super bullish” and further price gains are expected. On the other hand, if Cardano fails to break above the 0.8875 level, it may drop to the second support level at 0.6330.
if Cardano faces a pullback to 0.6330, TradingView analysts emphasized that the overall market structure of cryptocurrencies will remain strong. These solid fundamentals prompt analysts to predict Major rebound to $2 For ADA, if its price can sustain above the 1.30 Fibonacci level.
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Will Cardano Mirror XRP price surge?
Cardano is currently showing similar potential to Ripple as optimism surrounding an ongoing bull run could ignite ADA price surges. Cardano’s price has been consolidating and declining this year. This poor performance has led to growing concerns among cryptocurrency members, many of whom Label ADA a “dead coin”.
However, as new signs emerge potential price increaseIf market sentiment shifts in Cardano’s favor, Cardano could achieve XRP-like gains. As of this writing, Ripple price It is currently trading at $2.6 after surging more than 428% over the past month.
Featured image created using Dall.E, chart from Tradingview.com
