The post Cardano Price To Hit $10 By End Of This Cycle? appeared on BitcoinEthereumNews.com.

Crypto-analyst Lark Davis stated that he believes Cardano (ADA) price will rise up to $10 before the end of the current bull cycle. Davis attributes the current high price of Cardano and increasing market attention as the main reasons for his prediction. In his analysis, Davis believes that a major price surge is imminent for Cardano and the coin may rise by as much as 800% from its current value. This prediction is based on the technical analysis, and the current trend in the broader cryptocurrency market. Cardano’s recent performance has sparked renewed hope. In the last month alone, ADA has risen by 213% which has helped to highlight its possibility. It is now eyeing higher price territories with some analysts expecting it to range between $4.80 and $7.70 before hitting $10. – Advertisement – Cardano’s Recent Surge and Fibonacci Price Levels Cardano has particularly stood out in the cryptocurrency market, with the asset rising by 213% in the recent past. After several months of consolidation, ADA recorded a rise which suggested that another bullish phase may have started. According to Davis, this is just the beginning of the price action. Hence, he predicts that the asset will initially target $4.80, a level that roughly corresponds to the 1.618 Fibonacci level. Cardano could then progress towards the 2.618 extension at $7.70 before extending towards the 3.618 extension. Davis feels 3.618 is a more reasonable target than $10. The Fibonacci retracement levels drawn on the chart based on the ratios, trigger psychological break out points or support and resistance levels. According to Davis, the Cardano price could rise to new levels within the current market cycle. – Advertisement – Source: X Increased Market Interest and Volume Activity The strong performance of Cardano has been attributed to the rising interest in the…

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Filed under: News - @ December 2, 2024 2:15 am