The post Can Cardano (ADA) Price Still Hit $2? appeared first on Coinpedia Fintech News
Cardano’s ADA has been showing signs of a recovery, but experts say the move is still in an early stage. The coin is following a steady rise from its recent low, and the next few days will decide whether it can push higher or lose momentum. At the time of writing, ADA is trading at $0.80.
Pullback After Recent Rise
After climbing steadily in recent sessions, ADA has started to slow down. This type of pullback is normal after a price rally, but analysts are watching closely to see how deep it goes.
Right now, ADA has important support levels at $0.784, $0.769, and $0.755. These are prices where buyers could step in to stop further declines.If the price falls below $0.755, the next support is around $0.74. A drop under $0.71 would be a strong bearish sign, suggesting that the current upward momentum has failed.
Short-Term Upside Target
If ADA can hold above its support levels, traders believe it could climb to the $0.852–$0.87 range in the short term. Reaching this zone would be seen as a positive step toward building a stronger uptrend.
The Road to $2
While the $2 target is still far away, holding above key support now is important for long-term growth. A steady rise from current levels could encourage more buyers and lay the groundwork for a bigger rally later this year.
Analyst Ali Martinez said Cardano’s $ADA is following the same price pattern as its previous cycle, but moving at a slower pace. He said this could be the early stage of a big rally.
“Cardano $ADA is mirroring the price structure of its last cycle, but unfolding more slowly. It looks like we’re at the very start of an explosive move,” he said.
The post Can Cardano (ADA) Price Still Hit $2? appeared first on Coinpedia Fintech News
Cardano’s ADA has been showing signs of a recovery, but experts say the move is still in an early stage. The coin is following a steady rise from its recent low, and the next few days will decide whether it can push higher or lose momentum. At the time of writing, ADA is trading at …
This articles is written by : Nermeen Nabil Khear Abdelmalak
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