Cardano Price Set For $8.11 ATH In 2025 With This Bullish Wave
exist Crypto market downward trendCrypto analyst Ananda offers a bullish outlook for Cardano price, predicting it can still hit a new all-time high of $8.11 (ATH). Analysts also raised the possibility of ADA reaching $10.
Cardano priced at $8.11 new ATH
exist Trading attractionsMaster Ananda predicts that Cardano’s price could rise to $8.11 in the new ATH as it records “large growth” this year. Analysts confirm that ADA is officially in bull territory after the first wave ends The initial bullish breakthrough. In line with this, he predicts a new wave may send Cardano to the $8 target.
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Master Ananda further explained that the initial bullish breakthrough was common in early December last year. Analysts point out that such a strong bullish wave will always lead to corrections, which explains why Cardano Price A major collapse is being witnessed along with the wider cryptocurrency market.
Crypto analysts assured that the current corrections are not important to the market. He further noted that it was just a break, while players, traders and market participants consolidated all previous gains. Master Ananda added that the market needs to adapt to previous stages of massive growth.
Further analyze ADA’s bull market price action
Master Ananda pointed out that in the bullish market, correct Always end with higher lows. According to him, the higher the low of the low, the stronger the chart or the right. He gave an example of an ADA/USDT payment, which starts with a $0.3000 benchmark.
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Correction for higher endings is about $0.6000 Cardano PriceAnalysts point out that this is 100% higher than the baseline price. Master Ananda pointed out that this means Cardano is super strong. He also revealed that the first peak ended around $1.35, which he claimed was “good”.
Additionally, the crypto analyst noted that the move totaled around 375% from the low of $0.2756 in August 2024. However, he asserted that Cardano prices will be more this time in the 2025 Bull Run. Master Ananda hints at his accompanying chart, focusing on $2, $4.84, $8.11, and even $10.5, which is the new 2025 peak potential.
Master Ananda said he is now sharing this Cardano price action analysis because he believes Ada is witnessing the establishment of short-term lows. The first low occurred in early February and the second is now happening. He asserted that the second higher low would push the next Bull bull market bullish wave.
At the time of writing, Cardano price traded at about $0.59, down more than 11% in the past 24 hours. data From CoinMarketCap.
Featured images from Adobe Stock, charts from TradingView.com
