Cardano is another leading cryptocurrency that has lately been attracting renewed momentum. ADA had a rough ride last year, spending the majority of 2024 at low price points of $0.40-$0.50. Now that the token is familiar with the $1 price value, ADA has been vying to gain more traction, ultimately aiming for the higher realms. Will it be able to scale past critical resistance levels in its path? One crypto analyst believes so.
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Cardano to Hit $7: Here’s How
Cardano is already on its path to claim a new high. ADA is currently sitting at a $1 price level and is aiming for higher price points in the near future. However, with Bitcoin tanking to hit $96K at press time, ADA is also portraying a wobbly trajectory while standing on a lethal price level of $1.
Per notable crypto analyst Javon Marks, this trajectory of ADA is about to change as its bullish breakout point could push the token to hit $7.
Marks explained how the ADA price chart is displaying a new candle development, eyeing the $2.77 price target. If all goes well, the token can adapt to a bullish phase with a 150% upside. This could further lead ADA to hit the $7 price mark.
“In the simplest form, ADA (Cardano), with a similar follow-through like its last breakout performance, has the potential to push over 600% from here to $7.80+…”
In the simplest form,
— JAVON⚡️MARKS (@JavonTM1) January 6, 2025
ADA (Cardano), with a similar follow-through like its last breakout performance, has the potential to push over 600% from here to $7.80+… https://t.co/AQdQZjMtuH pic.twitter.com/JCS0gGLBK1
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The Token’s Price Path Ahead
Per CoinCodex, ADA may continue to move aggressively ahead, rising 52% to hit the $1.52 price mark.
“According to our current Cardano price prediction, the price of Cardano is predicted to rise by 52.94% and reach $ 1.526124 by February 7, 2025. Per our technical indicators, the current sentiment is neutral while the Fear & Greed Index is showing 70 (Greed). Cardano recorded 15/30 (50%) green days with 9.59% price volatility over the last 30 days. Based on the Cardano forecast, it’s now a good time to buy Cardano.”
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