Cardano

Momentum

Captain

Gains

<p>The post <a rel="nofollow" href="https://coinpedia.org/price-analysis/cardano-ada-price-gains-momentum-amid-crypto-market-surge-breakout-imminent-in-q4/">Cardano (ADA) Price Predictions: Expert Sees $1.25 Target With Coming Breakout</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The crypto market is thriving and is set for success, and <a href="https://coinpedia.org/altcoin/cardano-prepares-for-a-big-move-as-whales-shift-3-billion-heres-the-next-ada-price-level/">Cardano (ADA)</a> developers aren’t ready to back down from showcasing their recent accomplishments. The Cardano network has witnessed a substantial surge in new users and a remarkable increase in Total Value Locked (TVL). </p> 
<p>As of October 2nd, the Cardano network proudly boasts a TVL exceeding 600 million ADA. Notably, leading DeFi projects on the Cardano platform, such as Minswap and Indigo, have TVLs of around $42 million and $39 million, respectively. Additionally, the Cardano network is home to the Djed stablecoins project, an algorithmic stable digital asset softly pegged to the <a href="https://coinpedia.org/news/could-citibanks-move-impact-bitcoin-and-the-us-dollar-robert-kiyosakis-insight/">United States dollar</a>, which currently holds approximately $11.45 million in TVL.</p> 
<h2 class="wp-block-heading" id="h-cardano-ada-price-action"><strong>Cardano (ADA) Price Action</strong></h2> 
<p>Captain Faibik, a well-respected crypto analyst, has been closely monitoring the price action of Cardano (ADA). His analysis paints a positive picture for the altcoin in the third quarter. Captain Faibik foresees the <a href="https://coinpedia.org/price-prediction/cardano-price-prediction/">ADA price</a> reaching a target range of $1.1 to $1.25 following an impending breakout.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ADA</a> is knocking on the door of the Resistance and imo Breakout is imminent.<br><br>Looks Pretty Solid for the Q4 Hold.<a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/ADA?src=hash&amp;ref_src=twsrc%5Etfw">#ADA</a> <a href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw">#Cardano</a> <a href="https://t.co/FZ2Rww17tn">pic.twitter.com/FZ2Rww17tn</a></p>— Captain Faibik (@CryptoFaibik) <a href="https://twitter.com/CryptoFaibik/status/1708690957032685846?ref_src=twsrc%5Etfw">October 2, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>However, he emphasizes that ADA’s price must first establish the upper border of a falling channel as a support level to ensure a bullish trajectory.</p> 
<p>Read More: <a href="https://coinpedia.org/altcoin/cardano-prepares-for-a-big-move-as-whales-shift-3-billion-heres-the-next-ada-price-level/">Cardano Prepares For A Big Move As Whales Shift $3 Billion! Here’s The Next ADA Price Level</a></p> 
<h2 class="wp-block-heading" id="ada-stands-strong-in-the-market">ADA Stands Strong in the Market</h2> 
<p>As a medium-cap altcoin, ADA currently boasts a market capitalization of approximately $9.2 billion and records a 24-hour trading volume of roughly $180 million. These figures position ADA favorably to attract crypto traders who may be experiencing the Fear of Missing Out (FOMO). Furthermore, the increasing weekly RSI divergence enhances the outlook for ADA’s recovery.</p> 
<p>With its impressive TVL, promising DeFi projects, and the positive insights of Captain Faibik, ADA stands as a noteworthy player in the cryptocurrency space. Be sure to keep a watch on this one! </p> 
<p>Also Read: <a href="https://coinpedia.org/price-analysis/bullish-october-begins-here-are-the-top-cryptos-to-keep-a-close-watch/">Bullish October Begins; Here are the Top Cryptos to Keep A Close Watch!</a></p>

Cardano (ADA) Price Predictions: Expert Sees $1.25 Target With Coming Breakout

Table of Contents

CoinPedia News

Other articles published on Oct 2, 2023

Binance CEO Refutes SEC Claims, Denies Binance.US Ties to Ceffu

GSR Receives In-Principle Approval from the Monetary Authority of Singapore

Revolutionary 120v Mining Rig Breaks New Ground for U.S. Home Bitcoin Miners

LFi and LYOTECH Partner to Deliver Next-Gen Crypto Minting Smartphones

Enigmatic 'Satoshi Nakamoto' Social Media Account Resurfaces After Years of Silence

Coinbase Attains Full License to Expand Crypto Payment Services in Singapore

Join our free newsletter for daily crypto updates!