The post Cardano to $2.50 by March 5? appeared on BitcoinEthereumNews.com.

Cardano (ADA) shot up 72% on the Sunday daily candle post Trump’s crypto reserve statement. Analyst “CryptoELITES” put a peak bull run target of $12 for ADA with a mid-term target of $6. Gemini co-founder Tyler Winklevoss unveiled the possibility of listing ADA on his crypto exchange. Cardano (ADA) has been at the center of extreme volatility, when it surged 72% on Sunday, only to see a 19.29% correction in the past 24 hours, bringing the price to $0.8053 as of writing.  This extreme volatility has sparked renewed interest in ADA, fueled by the US President Donald Trump’s announcement about including the altcoin in the US Crypto Strategic Reserve. Analyst Predicts Bullish Targets for Cardano Crypto analyst “CryptoELITES” has mapped out bullish targets for Cardano, setting price targets of $2.50, $3, and $6.  Further, the ultimate bull market target is at $12. The analyst shared a chart, and a closer look reveals a cup-and-handle formation. This is known as a bullish technical pattern that often comes before strong uptrends.  Cardano USDT (ADA): Unstoppable Growth! Added to our portfolio at $0.50.Currently 120% profit and climbing! 🎯 Targets:1️⃣ $2.502️⃣ $33️⃣ $6Bull market end goal: $12 Stay focused—this journey is far from over!#Cardano #ADA $ADA pic.twitter.com/KnpDnwWeiX — @CryptoELlTES (@CryptooELITES) March 3, 2025 Also, the co-founder of crypto exchange Gemini, Tyler Winklevoss, mentioned the possibility of listing Cardano in a post on X (formerly Twitter). A possible CEX listing could lead to a massive surge in the popularity of ADA and its prices. Related: Altcoin Narratives Dominate: DeFi, L1s, AI Agents & Memes Fuel Crypto Rally Cup and Handle Pattern Points to ADA Rally The breakout from this pattern lines up with Fibonacci retracement and extension levels. This suggests that if ADA successfully breaks past the $1.81 resistance level (0.786 Fibonacci), it could start…

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Filed under: News - @ March 4, 2025 8:27 am