Top Analysts Warn of Next Cardano (ADA) Price Move as Crypto All-Stars Prepares for Launch
Cardano (ADA) is back in the spotlight again as experts predict a major shift in price soon. Hovering near $1.00, ADA has traders speculating about a potential rally to $2 or even $3 in the coming weeks.
While all eyes are on Cardano’s price trajectory, another project is generating interest.—Crypto All-Stars. This new meme coin venture preparing to launch STARS, its native token, has already raised over $12 million in its presale, offering investors an exciting opportunity at a low entry price.
Analysts Predict Cardano’s Next Price Moves
Top crypto analysts have shared insights on Cardano’s potential price movements. Dan Gambardello anticipates that ADA could climb to $2 soon, with a realistic push to $3 by mid-January.
Similarly, Sssebi highlighted bullish signals, including strong buying interest near the $1.00 support level. ADA’s price, currently at $1.013, has shown resilience, bouncing back from key psychological and resistance levels.
An analysis of the chart by Sssebi further supports these predictions. A descending parallel channel suggests short-term bearish pressure, but long lower wicks and increased volume at the $1.00 level indicate strong buyer activity.
ADA’s rising trajectory may be determined by resistance levels at $1.20–$1.30 and $1.50, while key support zones are $1.00 and $0.90. While they await evidence of a breakout, analysts are cautiously optimistic.