- Cardano (ADA) has risen nearly 11% this week, trading around $0.81 with a $28.74 billion market cap.
- Technical analysis and bullish momentum from Bitcoin and Ethereum support a potential price target between $2.85 and $3.10.
- Analyst Javon Marks forecasts a short-term 52% gain and a possible longer-term rise toward $2.90.
Cardano (ADA), a leading blockchain platform known for its focus on security and scalability, has shown renewed bullish momentum over the past week. Over the last 24 hours, ADA has appreciated by approximately 3%, while weekly gains have approached 11%, reflecting increased investor confidence.
At the time of writing, ADA is trading near $0.81 with a 24-hour trading volume of roughly $980 million and a market capitalization of $28.74 billion, according to CoinMarketCap. These figures underscore Cardano’s continued presence among the top cryptocurrencies by market cap.
Source: CoinMarketcap
The current market rally is supported by Bitcoin’s sustained strength above critical support levels and Ethereum’s recent surge beyond $4,000. This broad-based upward momentum has benefitted many altcoins, including ADA.
Also Read: Cardano (ADA) Price Prediction: Can an ADA Breakout Lead to $1.30?
Cardano Targets $2.85 to $3.10 Range
Technical analysis highlights further potential upside for Cardano. The 2-day Money Flow Index (MFI), which measures buying and selling pressure, has trended upward, suggesting growing bullish sentiment.
Based on logarithmic price charts, analysts are eyeing price targets between $2.85 and $3.10, signaling substantial upside compared to current prices.
Analyst Predicts 52% Short-Term ADA Gain
Crypto market strategist Javon Marks recently noted that ADA could experience a +52% increase, potentially surpassing the $1.20 mark in the near term. Marks referenced historical breakout patterns where similar technical setups preceded strong rallies for Cardano.
Source: X
Beyond this, he suggests that a more extended bull run could push ADA prices toward the $2.90 range, representing a 260% increase from current levels.\
Also Read: Cardano Price Prediction 2025: ADA Surges on Plomin Hard Fork and ETF Speculation
