Key Insights:
- $ADA is on the verge of a bullish breakout above $0.77.
- A surge to $5.35 could signal a massive 666% upside from current levels.
- Recent market sentiment and global listings are boosting Cardano’s potential.
Cardano ($ADA) price could be poised for a significant surge, with analysts predicting a potential 666% upside, aiming for $5.35 as the next major resistance. If Cardano price breaks out above $0.67, the bullish move might be significant. If the cryptocurrency can break past key resistance levels, it may continue to follow the trajectory seen in past bull cycles.
Cardano Price on the Verge of a Bullish Breakout
Market analysts such as JavonTM1 believe Cardano could soon see a bullish breakout, using previous bull cycles as a guide. The 1.272 Fibonacci extension, which is currently at $5.35, is the target for this potential move. According to JavonTM1, the market has shown signs of setting up for another run, similar to past cycles.
On the $ADA chart, we can observe a downtrend followed by recent upward movement.Should Cardano keep going up, it might reach a value of $5.35. According to Fibonacci retracement, $ADA has met a few key levels, of which $5.35 has offered the strongest resistance. If the price keeps rising above this point, it could suggest that the bull market is about to continue.
Ali suggests that if $ADA stay above $0.77, it will confirm a breakout. At the moment, Cardano is looking at $0.67, just a step away from the lower part of its current price limit. Should $0.77 be surpassed by $ADA, it could show a strong change in the trend, with the price reaching the following resistance at around $0.90.
Recent Market Sentiment and Buying Pressure
According to the Cumulative Volume Delta (CVD) chart, there have been positive sentiments in the Cardano market. Green bars in the chart show an upward trend, which means more buying pressure recently. This high demand for $ADA also comes as its price has been up, mainly because many have been buying.
This chart suggests that increased purchases by buyers are causing the price to rise following the volume of trades. The chart also reveals a period where the market has been stable, readying itself to move in a new direction. Despite a few short-lived declines marked by red bars on the chart, strongly positive buying pressure has quickly taken over again.
Due to Cardano’s upward trend, there is strong potential for the market to rise further. As long as the CVD is in the green, the future of Adalite is expected to be positive. If buying continues, the price may gradually go up and could reach the $5.35 target set by JavonTM1.
Cardano’s U.S. Listing and Global Expansion
Cardano becoming available on Bitstamp by Robinhood is motivating more traders to take part in the market. Previously, the SEC had raised concerns about ADA potentially being an unregistered security. Now that the SEC has shifted its attention, $ADA is again available on the main trading platforms in the U.S., providing new trading possibilities for users.
The listing allows the cryptocurrency to attract a larger number of investors worldwide. The addition of Bitstamp to Robinhood adds another opportunity for Cardano in the cryptocurrency sector. The increase in the number of investors who can buy and sell $ADA is expected to raise the prices by driving demand.
With this development, Cardano is now on par with other leading cryptocurrencies since Robinhood now has access to new markets through Bitstamp. This development is expected to have a long-term positive effect on $ADA, especially as the market gains more liquidity and adoption.
According to the price forecast, ADA price is expected to hit $0.895018 by July 9, 2025, which is a 25.74% increase. From what our charts show, the market has a Neutral sentiment, and the Fear & Greed Index is 62 (Greed). During the past 30 days, up to 13 out of 30 days (43%) for Cardano had positive gains, and its overall price change was 6.88%.
Disclaimer
In this article, the views and opinions stated by the author or any people named are for informational purposes only. And they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
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