➖ We are expecting Cardano (ADAUSD) to go beyond $7 in 2025. It can even hit $8 or higher when the Cryptocurrency market enters its bull-market phase.
➖ 2023 was the recovery year; relief rally and right now we are witnessing a correction that is scheduled to produce a long-term higher low and then a major bull-market.
➖ Big green is expected to happen in the latter part of 2024 and most of 2025.
➖ Cardano (ADAUSD) has been green for six weeks straight now and today is the seventh; it won't continue red forever.
Notice on the chart the "buy zone" in yellow, for those looking to hold ADA long-term. If you want to enjoy the entire bullish wave, it would be wise to accumulate.
👉 Each time prices drop, buy and hold.
Namaste.
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Correction: "red* for six weeks."
➖ Cardano (ADAUSD) has been green for six weeks straight now and today is the seventh; it won't continue red forever.
I agree with your idea Alan, I would aim even higher ATH , realistically around 15-20$ - people dont understand ADA's potential and development as its not about Hype and FOMO - dont listen stories about legacy coins are dead, so in that case every new project with every next cycle will became legacy coin and just die ? Simply check yourself what is happening behind the stages about Chang and Plutus V3. If you check whales wallets - getting bigger and bigger - ask yourself, why ?
AlanSantana
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@SpacerMoon, I agree it can get much better but these are only rough estimations right now. As we get closer to the bull-run, we will update our targets with more current data.
I can see it hit a new low last week, almost a new ATL. We need to give it time for Bitcoin to complete the full flush. Once Bitcoin capitulates, we will know if the USDT pairs will produce new ATLs or remain within higher lows.