Cardano: Will ADA Reach $5 During the Bull Market?
Cardano’s native token ADA is currently trading around the $0.64 price range on Tuesday. It had reached a high of $1.14 in early March but is down nearly 43% after reaching its yearly high. The bulls are...
Cardano’s native token ADA is currently trading around the $0.64 price range on Tuesday. It had reached a high of $1.14 in early March but is down nearly 43% after reaching its yearly high. The bulls are aiming for the cryptocurrency to climb above the $1 range again but the market sentiments are pulling it down. The leading altcoin is now struggling to reclaim the $1 range as it fell 10% in the last 30 days.
Also Read: The 1 Cent Dream: 3 Things That Can Push Shiba Inu to $0.01
Now that the markets have briefly recovered after Trump announced a 90-day pause on tariffs, can Cardano’s ADA breach $1 and head straight to $5 during the next bull run? In this article, we will highlight a new price prediction on how high the leading altcoin could trade next. A recent price analysis on TradingView indicates that the altcoin could reach $5 if it holds on to the positive momentum.
Also Read: Cryptocurrency Market Sheds $760 Billion After Trump Entered White House
The latest price analysis on TradingView shows a chart of Cardano’s ADA finding resistance at $1.2 and $2.9. If the leading altcoin holds on to all its resistance levels during the bull run, the next stop for it could be $3. The analysis indicates that Cardano’s ADA could hit a new all-time high of $5 if all resistance levels are met.
Also Read: De-Dollarization: Experts Predict Outcome Of Yuan Vs. US Dollar
Cardano’s “ADA is loading for $5. The setup is clean: Support at $0.45. Accumulation between $0.65–$0.45 and targets $2, $4, $6,” read the price prediction. “Patience here could print fortunes,” read the forecast on the leading altcoin.
However, the cryptocurrency market is yet to experience a bull run in the near future. Trump’s trade wars and tariffs have thrown a wedge making investors flee equities and invest in gold instead. Therefore, Cardano’s ADA has less chance of sustaining around all its resistance levels to reach $5. The chances of that happening this year remain slim as several macroeconomic factors are dampening the markets.
Proposals Catalyst F14 - Cast your vote, search "Otavio" in the Voting App.
If you are you using your ADA to vote in Cardano’s Project Catalyst don’t forget to voice your vote. We would be excited if you can see, comment, share and vote for us. Tip: To find them its easiest to search for "Otavio"Vote for Us
