Since June, the price of Cardano has been steadily rising from the $0.35–$0.40 range, marking a series of higher lows. According to market analyst Javon Marks, this current structure has nuances of ADA's rise in 2020: a slow and patient build-up before things accelerated.
The 9-day chart shows that familiar three-part rhythm: a strong bullish impulse, a moderate correction, and now the formation of a possible launch platform. The $0.70 level above remains key; a reversal could change everything.
Marks projected a possible move towards $8, representing a 740% surge from current levels. While bold, the target follows ADA's long-term trend lines and evokes the highs of previous cycles.
The price of Cardano has a history of remaining stable and then moving quickly when the situation aligns. Currently, that alignment seems to be forming for Cardano's price. With increasing pressure and the right pieces falling into place, Cardano's price forecast for 2025 is starting to look less speculative and more like a calculated scenario.
Hydra continues to evolve following previous launches, and the latest updates drive Cardano's scalability efforts. This update focuses on speed and scalability: it moves transactions off the main chain to make everything operate faster and at a lower cost.
The update is also crucial for DeFi projects, gaming, and smart contracts that require low fees and high performance. With Hydra in play, Cardano is not just catching up; it's preparing to compete with the fastest chains in the market. Developers are taking note, as are investors.
As for investors, the whales just made a huge move. Ali Charts, an analyst from platform X, reports that over 100 million ADA were purchased in the last 24 hours. This is not retail noise, but significant capital positioning anticipating something big. Moves like this don't happen spontaneously.
When infrastructure improvements and whale activity accumulate, it is often a sign that smart money is already positioning itself. Added to the bullish chart, Cardano's price seems to be setting up for something bigger.
Ultimately, the $8 target may seem ambitious, but the chart has already supported moves like this. As whales gather and Hydra gains momentum, it’s not just about publicity, but action. Cardano has yet to surpass significant levels before that dream comes true. However, if this deal comes to fruition, then $8 may not be as far-fetched as it seems.
