Cardano price is up 8% to pass the $1.0 level, bringing ADA’s weekly rally to over 16%. Technical analysis suggests that ADA could see a massive 300% rally to $4 in the coming weeks.

ADA’s Potential to Rise to $4

Amid the broad market recovery, Cardano has been performing stronger compared to other cryptocurrencies. Crypto analyst Ali Martinez compared the current ADA price action to the market cycle between November 2020 and August 2021, noting that ADA could experience a similar major bull trend.

“I think ADA could rise to $4 in the coming weeks,” said crypto analyst Ali Martinez.

Market Analysts' Opinions

After Donald Trump's victory, the crypto market experienced a 3-fold increase in a month and a strong excitement in the altcoin market. Market analysts argue that the total market value of altcoins could reach $ 7 trillion by 2025, and a 300% increase in ADA would not be surprising in this case.

Charles Hoskinson Is Ambitious For 2025

Cardano founder Charles Hoskinson shared his positive views on ADA for 2025. Hoskinson points out that with the integration of the Bitcoin OS network, the Cardano ecosystem will potentially receive billions of dollars.

“My primary mission is to increase Cardano’s decentralization and remove any obstacles,” Charles Hoskinson said.

Hoskinson stated that he is committed to further decentralizing the Cardano blockchain and questioned whether the Cardano Foundation should give him more control over the overall decision-making process. These developments could have positive effects on the Cardano price in the long run.

ADA’s current price is up 8.07% at $1.01, with a market cap of $35.63 billion. Daily trading volume is up 5% to $1.26 billion, increasing the likelihood that future growth will be sustainable.

According to Coinglass data, ADA open interest increased by 7% to $781 million. Along with the increase in Cardano price, 24-hour liquidations increased to $2.38 million and short liquidations amounted to $1.56 million.

Cardano’s recent strong price action and analysts’ positive forecasts may be noteworthy for investors. Monitoring market dynamics and following technical indicators are important to evaluate potential opportunities. Keeping a close eye on Cardano’s technology and integration plans can provide a better understanding of future price action.

  • Cardano price is up 8% and has crossed the $1.0 level.

  • Analysts expect ADA to rise 300% in the coming weeks.

  • Charles Hoskinson predicts a strong future for ADA in 2025.