Cardano went from $ 0.72 to more than $ 0.83 this week, in tandem with the price of Bitcoin. There was also a sudden peak in the ADA / JPY trading, which climbed in volume and struck $ 121.5 million in 24 hours. This made it the second most exchanged Ada pair in the world.
ADA prediction of $ 8 of the analyst at $ 14
Cryptographic analyst Drini Shared a bull prediction of ADA on X. In the next market cycle, it expects a possible price range from $ 8 to $ 14 for Cardano. It breaks down it using two key measures: total market capitalization of cryptography and the domination of the ADA market.
Drini stresses that during the last bull cycle, the total market capitalization of cryptography culminated in terms of extension of 1.618 Fibonacci. If this model is repeated, it expects the total market capitalization of the crypto could reach 6.5 billions of dollars, which is only a drop compared to the equity market of 100 billions of dollars of Wall Street.
During the previous cycle, the domination of the Cardano market culminated at 4.5% of the total cryptography market. If the same thing is applied to a market capitalization of 6.5 billions of dollars, then the market capitalization of ADA would increase to $ 292.5 billion, and its price would be reduced to $ 8 per ADA.
If things become really optimistic and the total cryptography market reaches 10 billions of dollars, a level supported by models of electricity law and regression, Drini says that ADA could rise to $ 10 to $ 14, with a market capitalization of around $ 450 billion.
But all of this depends on how market factors take place. Drini said that these projections were not based on media threshing, but he supported it with data, past trends and solid mathematics. In the best case, Cardano would repeat his past domination while the cryptography market has new heights.
Massive Bull Run to come
Analyst And Gambardello Also predicts that a huge ADA Bull race is coming, while most people are not waiting for it at the moment. He stresses that the MacD indicator on monthly and weekly graphics is starting to show signs of a great movement up. This type of diagram was seen just before Ada is flipping through in the last cycle.
In the short term, Ada broke out with a classic bullish pattern called the reverse head and shoulders and managed to maintain the level of rupture. But he is now faced with the 200 -day mobile average resistance. If he breaks above this level, we could see a strong rally. Otherwise, it could drop from $ 0.65 to $ 0.58.
Uplining, $ 1 is a key psychological level. If ADA exceeds $ 1, the following lens could be $ 1.20 to $ 1.25.