Cardano (ADA) has managed to attract attention again after the volatile course in the cryptocurrency markets. The recent market recovery has attracted the attention of investors, increasing the price of ADA by more than 3%. Experts expect the price of ADA to rise to $1.45 if it maintains critical support levels. This potential increase gives positive signals for the future of Cardano.
While the volatility in the crypto market has affected the performance of many altcoins, recent signs of recovery have raised investors’ hopes. Assets such as Solana, XRP, and ADA have gained value amid rising market confidence. Cardano has contributed to restoring this confidence with a recent 3% increase. The increasing crypto optimism in the US and Cardano founder Charles Hoskinson’s support for Donald Trump have increased interest in ADA. In addition, it is being said that a possible Republican victory could strengthen the Cardano ETF approval chances.
Technical analysis offers promising signals for ADA’s future potential. Rose Premium Signals predicts that ADA could start a major move towards $1.45 if it maintains important support levels. Crypto analysts say that this increase will not be limited to $1.45, but could continue up to $6. The “bull flag” formation on the ADA chart is also considered an important sign that increases investor confidence.
Another factor that has developed in favor of ADA is the increase in market data and trading volume. In the last 24 hours, the ADA price increased by 3.01%, reaching $ 0.8949 and testing $ 0.9113 levels. While the daily trading volume increased by 17% to $ 844 million, according to CoinGlass data, futures positions also increased by 1%, indicating renewed confidence in ADA.
With the continuation of positive trends in the market, the probability of ADA achieving not only its short-term goals but also its long-term goals seems to have increased. Investors are eagerly waiting to see how ADA will benefit from the overall momentum of the market.