Cardano

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The stars may be finally aligning for <a href="https://bitcoinist.com/cardano-sell-all-their-ada/" rel="nofollow">Cardano (ADA) and its holders</a>, as the crypto token recently experienced a <a href="https://bitcoinist.com/cardano-ada-whales-13-84-billion/" rel="nofollow">significant reversal</a> and a jump in its trading volume. Interestingly, this development coincides with an ultra-bullish prediction that a crypto analyst made for the crypto token.&nbsp; 
<h2 id="crypto-analyst-predicts-cardano-to-rise-to-9">Crypto Analyst Predicts Cardano To Rise To $9</h2> 
<a href="https://bitcoinist.com/ethereum-to-10000-programmed/" rel="nofollow">Crypto analyst Altcoin Daily</a> revealed in an X (formerly Twitter) <a href="https://twitter.com/AltcoinDailyio/status/1787712632587461110?s=19" rel="nofollow">post</a> that $9 is their peak price target for Cardano in this bull run. The analyst joins other crypto analysts who have made ultra-bullish predictions for Cardano despite how low the crypto token is currently trading. Before now, <a href="https://bitcoinist.com/parabolic-surge-for-cardano/" rel="nofollow">Dan Gambardello</a>, the founder of Crypto Capital Venture, had <a href="https://www.newsbtc.com/analysis/ada/cardano-ada-price-to-11/#:~:text=According%20to%20him%2C%20this%20is,the%20next%20Bitcoin%20Halving%20event.">predicted</a> that Cardano could rise to as high as $11 in this bull run. 
Related Reading: <a href="https://www.newsbtc.com/news/bitcoin/bitcoin-price-headed-265000/">CryptoQuant CEO Predicts Where Bitcoin Price Is Headed, Is $265,000 Too Ambitious?</a> 
Meanwhile, <a href="https://bitcoinist.com/cryptocurrency-personality-cryptocrow-will-have-a-show-on-cbs/" rel="nofollow">crypto expert Jason Appleton</a> <a href="https://www.newsbtc.com/news/cardano/cardano-will-rise-to-32/#:~:text=Cardano's%20DeFi%20Landscape%20Could%20Be%20The%20Trigger&amp;text=He%20noted%20that%20it%20would,impressive%20growth%20in%20this%20regard.">predicted</a> that Cardano will rise to as high as $32 in this bull run. Specifically, he mentioned that this will happen at the peak of this market cycle. Altcoin Daily’s prediction comes amidst Cardano’s 90% jump in trading volume. This suggests that more investors are accumulating the crypto token ahead of this parabolic rise.&nbsp; 
Cardano’s price already reacted positively to this development, with the crypto token seeing a reversal from its downtrend. <a href="https://bitcoinist.com/cardano-1800-price-explosion-12/" rel="nofollow">Crypto analyst Trend Rider</a> suggested that this reversal might begin an upward trend for Cardano as he <a href="https://x.com/TrendRidersTR/status/1788587001161072708" rel="nofollow">noted</a> that the crypto token was currently holding its support level very well.&nbsp; 
The analyst also revealed that <a href="https://bitcoinist.com/cardano-most-held-crypto-in-a-bear-market/" rel="nofollow">the bears</a> were currently trying to push the crypto token further down, but he claimed that they would get tired once Cardano could hold this support for 1 to 2 more weeks. Once that happens, Carano will bounce from its current price level, Trend Rider remarked.&nbsp; 
<h2 id="making-a-bull-case-for-ada">Making A Bull Case For ADA</h2> 
<a href="https://bitcoinist.com/bitcoin-push-beyond-50000-era-hope-what-comes-next/" rel="nofollow">Crypto analyst Ali Martinez</a> recently made a bullish case for Cardano. He mentioned in an <a href="https://x.com/ali_charts/status/1786323540045668405" rel="nofollow">X post</a> that the crypto token seems ready for a <a href="https://bitcoinist.com/parabolic-surge-for-cardano/" rel="nofollow">parabolic bull run</a>. Martinez alluded to Cardano’s historical trend and explained why the 50% price drop the crypto token experienced this past month might be a good buying opportunity.&nbsp; 
Martinez claimed that Cardano consolidated within a parallel channel in 2019, signaling an end to the bear market. Following that “stagnant phase,” ADA is said to have broken out of the channel with a 75% surge and then experienced a 56% correction, setting the stage for its 4,095% price gain in that bull run.&nbsp; 
Related Reading: <a href="https://www.newsbtc.com/news/bitcoin/bitcoin-whales-interest-50000/">Bitcoin Whales Lose Interest, Is This A Precursor For A Crash To $50,000?</a> 
<a href="https://www.newsbtc.com/news/bitcoin/59800-important-level-bitcoin/#:~:text=Martinez%20mentioned%20in%20an%20X,drop%20to%20that%20price%20level.">Martinez</a> further noted that a similar situation looks to be playing out again as Cardano has consolidated within a parallel channel, marking an end to the bear market. ADA then broke out of this channel with a 72% price surge following this period of stagnation. Now, Cardano has experienced a 50% price correction, just like in 2019, which Martinez remarked could be setting the stage for “an impressive <a href="https://bitcoinist.com/bitcoin-bull-market-glassnode/" rel="nofollow">bull run</a> ahead.” 
<img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/QgBICf2A/" alt="Cardano price chart from Tradingview.com" width="3286" height="1576">

Crypto Analyst Sets $10 Price Target For Cardano As Volume Jumps 90%

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