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Cardano Price Prediction: ADA’s Road to $10
Cardano (ADA) is currently trading at $0.678, down 2.8% in the past 24 hours, moving between $0.665 and $0.70.
A Big Move Incoming?
Crypto analyst Dan Gambardello notes that ADA is extremely oversold on the Stochastic RSI—at one of its lowest levels in years. While a relief rally hasn’t started yet, he believes ADA is building momentum for a major breakout. Despite a drop below a key trendline, which usually signals weakness, Dan suggests this pattern could actually lead to a surprise rally.
Institutional Confidence Grows
In a major boost for Cardano’s ecosystem, $1.6 trillion asset manager Franklin Templeton is now operating Cardano nodes. This was confirmed by Frederik Gregaard, CEO of the Cardano Foundation, as a step forward for blockchain infrastructure.
Additionally, Norway’s NBX exchange is teaming up with Cardano to develop Bitcoin-based DeFi, leveraging the platform’s secure architecture. These moves highlight growing institutional interest, even during price uncertainty.
Technicals and Long-Term Targets
ADA currently finds support between $0.58–$0.64. If it holds above the 50-week moving average ($0.64) or breaks past the 200-week EMA, analysts expect a new uptrend.
Gambardello remains bullish, pointing out a similar setup to his October 2024 call when ADA surged 300%. He believes ADA can reach $10 in the long term, but it must first break resistance at $0.694 and $1.10.
Meanwhile, analyst Dalin Anderson compares ADA’s current pattern to Bitcoin’s 2012–13 cycle, predicting a move to $3.67 based on a $130 billion market cap.
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