$ADA has finally turned the tide, breaking through the $1 barrier!
This is the first time since April 2022, and traders are all raring to go, saying this is just the calm before the storm!
ADA has been on fire lately, with its price skyrocketing by 30% in just 24 hours, firmly standing at a high of $1.06. Trading volume has also surged, shooting up to $6.7 billion, 150% more than usual!
Experts have said that this upward momentum has only just begun. Big players like Martinez are not satisfied with this small increase in ADA, bluntly stating that this is just an appetizer before the main course. He mentioned that ADA has increased nearly 200% over the past three weeks, but compared to what is about to happen, this increase is nothing.
Moreover, those whale holders of large amounts of ADA have doubled their holdings in the past month. This means that there are large transactions happening on the network every day, as everyone is actively stockpiling.
From a technical perspective, ADA's current trend is exactly the same as when it was previously rising. If this trend continues, ADA's price could possibly soar to $6. However, the $0.8 mark is still crucial and needs to be defended; otherwise, this upward momentum could be in jeopardy.
On-chain data is also very positive. Open contracts have increased by 34%, nearing $1 billion. Additionally, those who were shorting ADA have recently been forced to buy back a significant amount, stabilizing ADA's price even further.
The community is buzzing, with everyone engaged in heated discussions about ADA's future. Santiment data shows that Cardano's market cap has doubled, with daily profits reaching an eight-month high.
Analyst Dan Gambardello also believes that this rise in ADA is very similar to previous ones, and he boldly predicts that ADA's price could reach $10. Now everyone is discussing ADA's price targets, with some saying $1 and others saying $15.
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