Many altcoins are showing high pump potential following ETH’s ongoing pump.
Cardano’s ADA looks to be in the process of another bullish breakout.
The price of ADA could hit $2.70 - $2.90 int he coming days ahead.
Several altcoins are showing greater signs of bullish pumps in the coming days ahead. This furious pump seems to be coming from the aftermath of the latest BTC and ETH rallies. To highlight, the price of BTC finally broke past the 6-digit price barrier while the price of ETH finally broke past the $2,000 barrier. This bullish expectation is now coming for altcoins, and Cardano’s ADA looks to be in the process of another bullish breakout, this time to hit $2.70 - $2.90.
Cardano’s ADA Looks to be Heading for Another Bullish Breakout
Earlier this week, both pioneer crypto and altcoin assets, Bitcoin (BTC) and Ethereum (ETH), began to pump exponentially. This pump brought the price of Bitcoin from its recent rally to the $94,000 price range to pump further and reclaim 6-digit prices. According to CoinMarketCap analytics, the price of Bitcoin is now at the $104,000 price range, while the price of ETH shot up from $1,700 to $2,400 and continues to surge upwards.
The bullish fervour is now seeping into the greater altcoin market and igniting bullish expectations for the altseason peak phase to arrive. To highlight, this ongoing bull cycle’s altseason was expected to arrive in Q1 of 2025, instead, Bitcoin went into a prolonged correction phase, pulling the rest of the crypto market down with it. Analysts saw this as a much-needed reaction to BTC pumping too early and too much this bull cycle.
All in all, the prolonged correction phase came to an end, bringing the crypto market into a much healthier state. Presently, analysts are pleased to see that the market recovered in time for altseason to arrive in Q2 of 2025. True to many predictions, the price of BTC and ETH began to recover in April and are now soaring towards reclaiming previous ATH targets in the month of May.
Analysts expect many altcoins to pump steadily and not only reclaim previous ATH prices, but to pump further and set a string of new ATHs of their own, much like Bitcoin did in Q4 of 2024. As for what altcoins are set to pump in the coming altseason peak phase, many analysts are looking closely at altcoins that have yet to set new ATHs this bull cycle, these include Cardano’s ADA and Ripple’s XRP.
ADA Prepares to Hit $2.70 - $2.90
In particular, Cardano’s ADA is expected to flourish in the coming altseason peak phase, this is because the upcoming Leios Upgrade for Cardano is set to bring greater speed to the Cardano ecosystem, leading more traders and investors to flock towards ADA. What’s more, ADA Spot ETFs may also be approved soon, drawing greater interest towards the Cardano blockchain and its native token ADA.
https://twitter.com/JavonTM1/status/1920974323407352210
As we can see from the post above, Cardano’s ADA looks to be in the process of breaking out again from a bullish setup. In detail, the reputed analyst says that this breakout can spark yet another major continuation towards the target levels in the $2.70 to $2.90 price range. He concludes, saying that these levels are over 243% away and in play, meaning a significant upside could be on the way.
