The post Analysts Eye Cardano’s Potential for $10 Surge Amid Pivotal Market Conditions and Historical Trends appeared on BitcoinEthereumNews.com.

Cardano’s [ADA] potential for a significant price surge has become a focal point for analysts, with discussions around reaching the ambitious $10 mark. Despite the challenges posed by current network activity trends, the cryptocurrency’s historical price patterns paint a picture of possible future gains. “A consistent rise in network engagement is historically a precursor to notable price increases,” commented a source at COINOTAG. Cardano’s future looks uncertain yet promising; experts eye a potential breakout towards $10 as active addresses dwindle—history may hold the key. Key price levels for ADA’s potential rally The current structure of Cardano’s price action suggests a historical fractal formation, mirroring past bullish cycles. The weekly chart indicates that ADA has previously experienced exponential surges once it broke past major resistance zones. If this pattern repeats, the next leg of the rally could push Cardano toward the projected $10 price range. In the short term, ADA faces critical resistance at $1.20, a level that has acted as both support and resistance in past cycles. Beyond this, $1.50, $2.20, and $3.00 remain key psychological levels. Breaking through these could set the stage for further gains. Source: TradingView However, ADA must maintain its position above $0.80, which currently serves as a crucial support zone. A failure to hold this level could invalidate the bullish outlook, leading to a deeper retracement. On-chain metrics: Does the data support a rally? Examining Daily Active Addresses, a significant drop has been noted in user activity. The latest on-chain data shows a sharp decline in the number of active addresses interacting with the network, suggesting reduced network engagement. Historically, an increase in active addresses has preceded major price rallies, meaning that ADA might need a surge in network participation to support its upward movement. Source: Santiment Additionally, trading volume and liquidity are important factors…

---

Filed under: News - @ March 9, 2025 10:18 am