Experts predict 85% growth of Cardano cryptocurrency

The Cardano virtual coin ADA $0.82 Cardano -1.56% Market capitalization $29.91 billion VOL. 24 hours $60.39 million is attracting the attention of analysts due to a possible price increase amid improving market sentiment in the crypto sector. According to NewsBTC, technical indicators show the potential for ADA to rise to $ 0.80, which means almost 85% growth from current prices.

The latest chart analysis shows that ADA has consolidated above key support levels and is currently showing a gradual recovery. At the same time, the $ 0.50 mark is an important psychological and technical boundary for the coin. Overcoming it could open the way to new growth. Analysts note that if Cardano manages to stay above this mark, the next benchmarks will be $ 0.60 and $ 0.80.

The current interest in ADA is explained not only by the general activity in the market but also by expectations for updates to the Cardano network and the development of the ecosystem. An additional factor is the increase in trading volumes and support from major players.

However, experts also draw attention to the risks — if the price of Cardano returns below $ 0.45, it may further decline to $ 0.40 or even $ 0.35. Thus, the further dynamics of ADA will depend on both investor sentiment and external factors of the crypto market.

Overall, ADA’s prospects look positive if the market maintains its uptrend and the coin can stay above key support levels.