Altcoin Cardano breaks above $0.81 resistance.
Analyst expects ADA to hit the next bull target of $1 soon.
ADA is then expected to reclaim its previous ATH price and hit much higher highs next.
As expectations grow for altcoins, and the closer the arrival of altseason gets, altcoin price charts are showing bullish signals to match the bullish expectations. One of the most bullish altcoins for this bull cycle is Cardano (ADA). The fact that Cradano breaks above $0.81 resistance recently has turners analysts all the most bullish for the native altcoins of Cardano, and expect ADA price to hit $1 soon.
Cardano Breaks Above $0.81 Resistance
Charles Hoskinson’s long-time dream of building a truly decentralized blockchain is finally being fulfilled as we reach the bullish phase of the ongoing bull cycle. Unlike other blockchains that were rushing to meet demands and compromising to do so, Hoskinson took a slow and steady approach with the development of Cardano. His research-heavy peer-reviewed approach has led to Cardano’s current success.
With the latest Leios Upgrade, Cardano is close to being the best blockchain in the crypto market. Already, crypto community members are calling Cardano the greatest blockchain, the Leios Upgrade will bring Solana-style speed, the last missing piece that’ll have Cardano beating all other blockchains. Last cycle, the price of ADA pumped to an impressive new ATH in the $3 price range, showing the altcoin’s potential despite not having a fully ready blockchain.
This leads analysts to expect that the price of ADA, Cardano’s native crypto asset could pump parabolically and explosively this bull cycle, since the blockchain has a lot more to offer this time around. This paired with the fact that Cardano is connected to several other side projects like the Midnight privacy chain, and its several bullish partnerships with reputed names like Ripple, further bolsters its name.
$1 Next Bull Target for ADA
So far, ADA holders are accumulating even more ADA before the price pushes past the $1 mark and moves to reclaim previous ATH prices. Holders are hoping ADA will get more exposure this cycle, leading to an even greater pump in the months ahead when the peak phase of altseason begins. Also adding to the bullish momentum is the ‘Glavier Drop’ airdrop and the fact that Cardano Spot ETFs could be approved sooner than expected.
https://twitter.com/ali_charts/status/1923028848691773803
As we can see from the post above, the price of ADA recently broke above the $0.81 resistance and seems to be setting its sights on $1. However, according to CoinMarketCap analytics, the price of ADA is currently at $0.78, showing a slight drop. This could be pointing to the expectation that analysts are expecting a slight price dip in the days ahead before bullish momentum returns again.
