Analysts say Cardano (ADA) could surge over 10 times, with a target of $20 this cycle
Cardano News
DustyBC Crypto predicts that Cardano could rise to $12, and believes this coin might surpass Ethereum's market value this cycle.
ADA's RSI is currently 61.55, and the MACD is also bullish, indicating that the price should continue to rise.
Key price levels: $1.05 support is quite strong, if it passes $1.1, it could directly head towards $1.2.
DustyBC Crypto states that Cardano's big rise this cycle could reach at least $12, with a possible target of $20. Buying ADA now at a low price, waiting for a surge, is a rare opportunity.
He mentioned that this coin could outperform the big players of Ethereum, with a significant market cap increase, solidly sitting in the front row this cycle. While it might be conservative to see $10 as a possibility, the prediction suggests it could rise 10 times!
Price trends and key price levels
Currently, ADA is at $1.0694, up 1.49% in the last 24 hours. The support at $1.05 is quite strong, as it rebounded when it previously dropped to this level.
To rise, it needs to break the barrier of $1.1 to $1.12, where sellers are guarding. However, the recent trend shows that both highs and lows are increasing, indicating strong confidence.
Trading volume is also robust, with particularly active trading during price increases. Recently, the trading volume of 10.96 million indicates good market participation, making a price rise likely.
Technical indicators are also quite strong
RSI 61.55, Cardano is still in the rising zone, not yet overbought. This indicates that there is still room for growth.
MACD also shows that the positive area is expanding, with a histogram of 0.0066, indicating a strong upward trend in the short term.
The future of ADA
Currently, we need to focus on the $1.1 level, once it passes, it could surge to $1.2. If $1.05 cannot hold, it might have to retreat to $1.00.
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