Cardano (ADA) has seen significant gains of nearly 13% over the past week, outperforming Bitcoin (BTC). Analysts are optimistic about further price increases for ADA, citing a "super signal" on the ADA/BTC trading chart that has historically been accurate in predicting price gains. The price of ADA is currently testing a critical level and if it manages to close the week above it, an upward trend may continue. The ultimate target for Cardano could be the 200-day simple moving average at $0.75. Market analyst Alexander Legolas predicts that ADA could experience substantial upward momentum in the coming months, potentially even reaching the $1 mark. However, the token would still be down 67% from its all-time high.



Other News from Today