$ADA Price Prediction: Is a 500% Rise Possible?

Cardano’s weekly chart is reminiscent of 2020-2021, when ADA surged 3,653% from $0.061 to $2.29. This surge was underpinned by the 20-week exponential moving average (EMA) crossing above the 50-week EMA. While a repeat of this situation seems unlikely, ADA could still surge 500% in the coming months. If that happens, the altcoin would reach $2.03. A rally in Bitcoin (BTC) could also help, especially given that Cardano is highly correlated with the major cryptocurrency. However, more selling pressure would send Cardano towards $0.33. $BONK $PROS