Cardano reached a significant 120% gain since entering a portfolio at its original value of $0.50. Expert analysts suggest three major barriers exist before ADA reaches $2.50, $3, and $6 on its path toward the eventual $12 peak.
The upward trend observed by market analyst Crypto Elites has put ADA among the fastest-moving assets based on their observations. ADA entered portfolios at $0.50, but the market price surged due to an increased market demand.
Buyer demand is increasing within the marke,t indicating that prices are rising as the broader market activity strengthens. Market analysts have identified key resistance levels that could determine ADA’s next move. The initial major milestone represents $2.50, whereas the following target amounts to $3.
ADA is predicted to surpass $6 as it extends its target while reaching a maximum potential value near $12 if its current momentum is maintained. The projections for ADA’s price fluctuations match its previous cycle behavior by exceeding $1.
Technical indicators and current price outlook
According to CoinMarketCap data at the time of press, Cardano was trading at $0.9604, up 2.29% in the last 24 hours. Market capitalization has reached $33.83 billion, increasing by 2.33%.
The 24-hour trading volume is $3.52 billion, reflecting a 31.90% decline. The fully diluted valuation (FDV) is currently $43.22 billion, while the volume-to-market cap ratio remains at 10.56%.
Tracking TradingView movement provides data about the MACD and RSI indicator readings. The MACD (12,26) shows a bullish crossover, with the MACD line at 0.035 above the signal line at 0.031. The histogram has turned positive, indicating continued momentum. However, if the MACD line flattens, a slowdown could follow.
The current value of RSI (14) stands at 58.01 which indicates upcoming overbought territory. A reading exceeding 70 points to resistance, while readings below 50 indicate decreasing bullish force. ADA’s RSI moving above its moving average at 45.42 supports the case for sustained price action.
