🔍 Analysis shows that ADA could break out thanks to a bullish chart pattern and upcoming developments from Cardano. However, the recent sale of millions of tokens by whales may negatively impact the price.
- The cryptocurrency market is going through a tough phase, with Bitcoin down 9% in 48 hours and ADA down 20% since January 7, currently trading at $0.91.
- Notable user Dan Gambardello is optimistic about ADA, suggesting that the "inverse head and shoulders" pattern could push the price up to $7.
- Altcoin Daily predicts ADA could reach $6.45 by 2025, but warns of investment risks.
🚀 Cardano is expected to have significant developments in the next 12 months, which could create upward price pressure. However, the recent sale of 70 million tokens by whales could pull the price down if demand does not keep up.