Cardano Price Soars, But Will It Hit $5? Or is It Just Another Fad?

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Ah, Cardano – that lovable underdog of the crypto world – has finally decided to play in the green zone. Trading at a casual $0.7093, it’s up 11% in the last 24 hours and a rather enthusiastic 17% over the past week. Oh, and let’s not forget the trading volume, which has shot up by over 65%. It’s almost as if people are beginning to take it seriously. Go figure. 🚀

Whale Sightings: Are They Circling or Just Passing Through?

Onchain data from Santiment has revealed an interesting tidbit: whales are back. You know, those big-shot investors holding between 100,000 to 100 million ADA. They’ve been gobbling up more ADA since April 14, which, naturally, contributes to the increasing ‘bullish sentiment.’ It’s almost like the crypto market isn’t just a giant casino after all. 🐋💰

Now, expert Dan Gambardello – ever the optimist – believes Cardano might face a slight hiccup around the $3 mark. That’s the magical point where many investors, likely in the midst of an existential crisis, regret not selling during the last cycle. Gambardello expects some turbulence around there, but in the end, ADA will keep chugging along to $5. Think of it as a brief stop at a crypto bus stop before the real fun begins. 🛑💸

Biggest Cardano resistance is really at $3.

It’s where a lot of people have regret for not selling last cycle.

The $ADA pump will probably pause in that general area with a lot of volatility, and then continue to $5.

It’ll be like a crypto bus stop.

— Dan Gambardello (@cryptorecruitr) April 22, 2025

Analysts Predict ADA Surge: A 1000% Increase? You Can’t Be Serious

Now, let’s talk about the big dreams. Cardano held strong at the $0.50 support level on April 7, and like a phoenix rising from the ashes, it rallied a respectable 21% in two weeks. If Cardano keeps up its momentum and breezes past the 200-day EMA at $0.71, the next possible hurdle could be at $0.74. But hold your horses – it might even hit $0.80, which could be a significant psychological level for traders. As for the RSI? It’s currently sitting pretty at 57 and trending upwards. Will the sky be the limit? Probably not. 😏

But wait, there’s more. Analyst Javon Marks sees a potential 354% surge, predicting ADA could hit as high as $2.91. Based on ADA’s current chart, Marks is convinced that the altcoin could follow in Bitcoin’s footsteps, rising in tandem with a broader market rally this month. Meanwhile, Martinez chimed in with the claim that Cardano is “breaking out,” and that the next target could be $0.77. I mean, if this all comes true, we might have to get out the champagne. 🍾💥

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2025-04-23 15:56