Cardano has had an impressive second week of price action after topping against the green ascending trend line. A break above $2 will be significant for ADA bulls as they’re about to lose their advantage overbears with resistance at that level now replaced by support.
Cardano is on the cusp of breaking out, but it needs a daily close above $2.50 for bulls to retake control. According to FxStreet, A move up past this threshold would be enough motivation for them and lead to an additional 30% gain in price.
Cardano is on an upswing, with bulls reengaging for the second consecutive week at $2.00 per coin as they looked to profit from an identical pattern that unfolded and led down in late July, where green ascended trend lines originated from mid-July.
ADA Price Forecast
The price of Cardano is $2.2, which represents a staggering growth rate considering the vast differences between Bitcoin and this newer cryptocurrency.
Nevertheless, it might not compete with lofty heights like before, where BTC was brushing 53k at the time but continues to show fantastic performance.
The Cardano project has not only managed to maintain its momentum with the help of new investors, but it is also securing more spots on top lists.
The growth that this development brought about helped ADA reach the third-largest crypto status and even exceeded all expectations at an all-time high price tag of 98 billion dollars. This growth helped secure the 3rd largest crypto in market cap rankings by some estimates.
Cardano Price Prediction
As per Digital coin Forecast, ADA Price is expected to see a $3.12 increase at the end of 2021. The ADA cryptocurrency is one of the most exciting coins on today’s market. The coin currently sits at $2.33 but will change according to how other traders feel about its value and potential growth in future years.
According to the Economic Forecast Agency, the Cardano Crypto price is expected to reach $3.83 in 2021, with the prediction of achieving a high of $7 by 2022.
Cardano is likely to be at $8.93 by the end of 2023, but if it reaches that level in 2024, prices could increase until 2025, when they are predicted to get about 15 dollars per coin.
Perhaps you heard Cardano was a good investment? According to some sources, their price might skyrocket as high as 150% within five years.