Analysts Predict Cardano (ADA) Surge to $3 Amid Bullish Trends
TL;DR Summary
Cardano (ADA) has experienced a significant price drop, falling 21% over the past week. Despite this, analyst Dan Gambardello predicts ADA could surge to $3 by January 2025, citing historical trends. However, analyst Ali Martinez highlights immediate challenges, noting a critical support level at $1.20 and bearish on-chain data, including a decline in address activity. The market remains cautious, with many ADA holders facing unrealized losses, potentially leading to further selling pressure.
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