Based

Cardano

Litecoin

Million

<p>In a recent tweet, <a href="https://twitter.com/Av_Sebastian/status/1758081811404472818" target="_blank" rel="noopener noreferrer nofollow">Sssebi (@Av_Sebastian)</a> noted that Cardano’s ADA token is very close to the $0.60 level, asking if we can finally break through this time. As Sssebi points out, a successful breakout above $0.60 could spur a run towards $0.67 or higher.</p>
<p>Supporting this bullish outlook, <a href="https://twitter.com/ali_charts/status/1758133148972732776?t=_mDX_4izEdEBOLATRPCzCA&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">analyst Ali (@ali_charts)</a> chimed in, suggesting that the Cardano breakout may come even sooner than expected. However, Ali cautions that if history repeats itself, <a class="wpil_keyword_link" href="https://captainaltcoin.com/cardano-ada-price-prediction/" title="ADA" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">ADA</a> could initially spike towards $0.80, retrace back to $0.60, and then enter a more sustained bull run towards $8 by January 2025.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="524" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-566-1024x524.png" alt="" class="wp-image-438775" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-566-1024x524.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-566-300x153.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-566-766x392.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-566-1536x786.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-566-2048x1048.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-566-293x150.png 293w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-566-100x51.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-566-684x350.png 684w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-566-788x403.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Based on further analysis, ADA has struggled to break out above the $0.60 level since May 2022, almost two years now.</p>
<p><strong>Other Catalysts That Could Fuel a 2024 Cardano Bull Run </strong><br>Other factors that could positively influence Cardano’s price action this year, spurring a bull run, include:</p>
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<ul>
 <li>On-chain governance and protocol improvements</li>
 <li>Key partnerships and project integrations</li>
 <li>Progress in Africa through financial inclusion</li>
 <li>Expanded capabilities and use cases around NFTs, gaming, DeFi</li>
 <li>New stablecoins and tokenized assets on the network</li>
</ul>
<p>As noted by <a href="https://twitter.com/StakeWithPride/status/1758165921850593665" target="_blank" rel="noopener noreferrer nofollow">St₳kΣ with Pride (@StakeWithPride)</a>, 2024 is gearing up to be Cardano’s biggest and most productive year yet across numerous fronts. If ADA can finally break its two year barrier at $0.60, it could provide the spark needed to ignite sustained momentum towards $8.</p>
<p>You may also be interested in:</p>
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<p>The post <a href="https://captainaltcoin.com/cardanos-ada-historic-breakout-from-this-level-could-launch-a-bull-run-to-8/" rel="noopener noreferrer nofollow">Cardano’s ADA Historic Breakout From This Level Could Launch a Massive Bull Run to $8</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Cardano’s ADA Historic Breakout From This Level Could Launch a Massive Bull Run to $8

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