Cardano (ADA) Poised for Massive Surge: Analysts Predict New ATH of $7

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TL;DR

  • Analysts and traders anticipate a significant price surge for ADA, citing specific favorable technical patterns.
  • Some optimists think the asset may soon hit a new ATH of as high as $7.

‘Grand Bull Market’ Incoming?

In the last few hours, the cryptocurrency market has been surging, pushing some major digital currencies to unprecedented heights. Specifically, Bitcoin (BTC) touched a record high of more than $109,000 this afternoon on January 20th.

Cardano‘s ADA has maintained impressive growth in the recent days, even without reaching a new high. The cryptocurrency has seen a surge of more than 15% on a weekly basis and is currently trading at around $1.09, according to CoinGecko’s data.

Many figures within the industry are convinced that the recent upward trend in Cardano’s native token could be the start of a massive, prolonged increase. Veteran trader Peter Brandt predicts an upcoming “altseason,” suggesting that ADA is on track for a significant and sustained bull market.

User Ssebi additionally discussed this topic, stating that the token’s price had reached its 20-day Moving Average (MA), and subsequently rebounded from it.

It’s expected that Cardano (ADA) could experience a significant surge in the coming days, as the liquidity from TRUMP is likely to be diverted elsewhere.

Market analysts, such as Dan Gambardello and Altcoin Daily, have recently presented their price predictions for ADA. Gambardello believes that ADA has one of the most optimistic weekly chart setups in the crypto market, anticipating a possible price surge up to $7. On the other hand, Altcoin Daily predicts that the value could reach $6.45 by the year 2025.

The Potential Success in the Following Months

The crypto community, on the whole, views Trump’s upcoming presidency as favorable news because of his supportive stance towards the industry over the past few months. It’s possible that Cardano’s ADA could see a significant increase in value given Hoskinson’s statement from November last year.

In earlier times, the creator of Cardano disclosed plans to collaborate with Trump’s administration in an effort to establish a thorough and potentially advantageous regulatory framework for the cryptocurrency sector.

Moreover, the Cardano ecosystem is poised for significant advancements this year, and these developments could potentially boost the value of its native token. Key updates include the implementation of the Hydra scaling solution. For those eager to learn more about what else is planned, feel free to check out the video we’ve prepared especially for you:

 

 

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2025-01-20 14:10