Cardano Price Predicted to Reach $8.11 All-Time High in 2025
Crypto analyst Master Ananda has provided a bullish forecast for Cardano (ADA), predicting a potential new all-time high (ATH) of $8.11 and even the possibility of reaching $10.
Key Predictions for Cardano
- Cardano is expected to record “massive growth” this year.
- The price is anticipated to rise following the completion of an initial bullish breakout.
- A correction in price is occurring due to the broader crypto market downtrend but is viewed as a resting phase for consolidation.
- The correction will result in higher lows, indicating market strength.
- Current ADA price is approximately $0.59, down over 11% in the last 24 hours.
Market Analysis Insights
- The previous bullish wave began at a baseline of $0.30.
- Recent corrections have indicated a higher low around $0.60, suggesting a solid market position.
- From a low of $0.2756 in August 2024, ADA has seen a total growth of about 375%.
- Potential future price targets include $2, $4.84, $8.11, and $10.5 for 2025.
- The establishment of a second short-term higher low is believed to precede the next bullish wave.
