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coinpedia 2025-02-12 21:45:39

Cardano (ADA) Price Prediction, Expert Sets $15 Target

Cardano (ADA) Price Prediction, Expert Sets $15 Target

The post Cardano (ADA) Price Prediction, Expert Sets $15 Target appeared first on Coinpedia Fintech News Since the beginning of 2025, the overall cryptocurrency market has been experiencing a notable price drop. Amid this, Cardano (ADA) has formed a pattern similar to the one it formed in 2020 to 2021 before it soared parabolically. Cardano (ADA) Upcoming Parabolic Rally Looking back at history, a prominent crypto expert made a post on X (formerly Twitter) stating that ADA has been mirroring the 2020 pattern at a slower pace, which could soon lead to a parabolic rally. https://twitter.com/ali_charts/status/1889784292299219321 The weekly ADA chart the expert added to the post shows that, from 2020 to 2021, the asset’s price soared from $0.12 to $3, marking a 2,600% price surge. If this happens and ADA successfully mirrors the 2020 to 2021 rally, there is a strong possibility that ADA could soar by 1,960%, reaching the $15.70 level in the future. However, such a rally in the cryptocurrency landscape is achievable. Looking at the political support, rising cryptocurrency adoption, strategic reserves, and the creation of crypto ETFs, these factors could easily propel the crypto industry to the next level. Current Price Momentum Besides all this, ADA is trading near $0.79 and has witnessed a price surge of over 1.50% in the past 24 hours. During the same period, its trading volume dropped by 30%, indicating lower participation from traders and investors compared to the previous day. However, while the overall cryptocurrency market has been witnessing impressive upside momentum, ADA’s mild gain is due to the recent resistance it has been facing for the past three weeks. ADA Price Action and Price Prediction According to the expert’s technical analysis, ADA is near a crucial resistance level of $0.85 and seems to be struggling to breach this level. Source: Trading View Based on the recent price action and historical patterns, if the asset successfully breaches the resistance level and closes a daily candle above $0.85, there is a strong possibility it could soar by 35% to reach the $1.14 level once the market sentiment shifts. With the ongoing market recovery, ADA has positioned itself above the 200-day Exponential Moving Average (EMA) on the daily time frame, indicating an uptrend.

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