CARDANO READY FOR A 150% RALLY...🔥🚀🔥
Cointelegraph analysts see Cardano's ADA token having the potential for a 150% rally in the coming weeks. After a surprising growth of 75% between June and July, ADA seems to have broken a long bearish trend, with bullish technical signals indicating a further strong rise. The price has surpassed important moving averages such as the 50-day and 200-day moving averages, with the famous "golden cross" reinforcing the bullish outlook.
In particular, the Bollinger Bands indicator shows a squeezing that has historically preceded strong price increases for ADA, as seen in 2021 (+1500%) and 2024 (+300%). The concrete target indicated by analysts is around $2.70, which would represent an increase of over 200% from current levels.
The momentum is also confirmed by the MACD and RSI indicators, which still suggest room for growth before a possible overheating. These technical signals, combined with community support and positive developments in the Cardano project, explain the widespread optimism among experts.
If these predictions come true, ADA could once again represent one of the most profitable assets in the crypto landscape in the short term.
I advise you to never enter a position with all the capital you want to invest so you can better manage your position in case of sudden retracements.
Please always operate with low leverage and always set a stop loss.
