Cardano (ADA) reached its all-time high of around $3.10 in September 2021 – is it possible that we will see that price again soon? Here’s what could lead to that:
1. Technical and chart impulses (bull flag, breakout)
• Recent technical analyses show that $ADA has emerged from a bull flag formation, and both the 50-day and 200-day moving averages (SMA) have turned into strong supports. Additionally, a 'golden cross' has appeared – classic signs of fresh bullish momentum. Analysts estimate a possible approach to $2.70, representing a potential increase of about 216%.
• Models based on Fibonacci levels indicate zones from $2.79 (1.618 extension) to $3.49 (1.786), where market psychology is likely to strengthen the pressure to reach $3.
2. Increase in real adoption and technological development
• ADA may return to $3 due to increasing adoption – use in DeFi, NFTs, education, health, or digital identity. Strong support from long-term investors and ecosystem development (e.g., Hydra scaling, partnerships) build the foundations.
• Upgrades such as the Plomin Hard Fork, full decentralization, interoperability (e.g., with thousands of blockchains), and ETF opportunities (e.g., spot ADA ETF) could attract institutional capital. Some analysts estimate that as a result, in the medium term, ADA could reach over $3.
3. Positive market sentiment and altcoin season
• A bull market in cryptocurrencies (especially in the altcoin sector), improved investor sentiment, rising liquidity, and community support could drive ADA to $3.
• Some experts indicate that the current technical fundamentals (e.g., symmetrical triangle, support in the $0.78-$0.83 range) create a solid base for a possible test of the ATH of $3.09.
4. Support from the community and long-term investors
• A strong, engaged community and the presence of 'hodler' type investors can provide ADA with stability and support.
