Cardano Price Prediction: Massive ADA Pump As Altcoins Rally?

ADA bulls stay in charge on Wednesday, with Cardano above its 50DMA at $0.6880.

According to CoinMarketCap, Cardano has gained over 3% in 24 hours and 13% in 7 days.

Since Tuesday, trade war news has boosted cryptocurrencies across the board.

Bitcoin's latest burst to over $93,000 for the first time since early March is carrying altcoins like Cardano higher.

The recent bullish ADA price breakthrough may be just the beginning. Cardano came out of a pennant structure, according popular technical analyst Ali_charts.

Back to $0.77 was his prediction. But if Cardano can break above its late-March highs and 200DMA around $0.75-77, it might quickly rise to threaten the early March highs around $1.10s.

Following the market comeback, some experts are more bullish and calling for a new altcoin season.


Retail investors may be deterred from investing in hazardous cryptocurrencies like Cardano because to high inflation and a falling US currency.

These views support the premise that altcoin season needs a positive macro-backdrop, or central bank cash infusion into markets (notably the Fed).

Massive liquidity injection into the market, as witnessed in 2020/2021, and a notable economic upswing (required for altcoin season) are not the macro background we are witnessing.

Due to economic uncertainty and DOGE-induced government expenditure cuts, the US economy is at danger of recession.

However, tariff-induced sticky inflation is keeping the Fed cautious about interest rates, which are still close to 2023 multi-decade highs around 5%.

US bond rates remain high, and equities are battling to rebound from their sell-off.

These conditions are bad for altseason. Traders should not chase the Cardano price too hard right now.

As risk appetite rises, $1.0 may rebound to previous highs. However, the prerequisites for a big rally are lacking.

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