Cardano Price Prediction as Fiery Trading Forecasts an 8800% Rise to $35 – Is This the Year for ADA’s Big Leap?
The Cardano price has barely moved in the past 24 hours, posting a 0.2% dip to $0.363808 on a day when the cryptocurrency market has fallen by 1.5% as a whole.
This price means that ADA has risen by 2% in a week and by 44% in the last 30 days, with Bitcoin ETF excitement and growing bullishness helping to push the altcoin forwards.
Yet many analysts expect ADA to continue rising even further, with Fiery Trading predicting yesterday that the cryptocurrency will eventually reach $35%, marking an 8800% jump from its current level.
The market may have cooled off a little in the past few days, but ADA’s chart continues to show momentum and promise.
Most bullishly, its 30-day average (yellow) climbed over its 200-day (blue) a few days ago, a move which often signals further gains.
At the same time, the coin’s relative strength index (purple) has begun inching upwards again after a dip at the start of the week, with the indicator – which measures momentum relative to previous prices – back on its way towards 70.
This suggests considerable buying pressure, with ADA’s trading volume also reinforcing this impression.
Indeed, it has risen from only $100 million at its lowest points in October to just over $400 million today, a sign of ongoing interest in the token.
Yet for some observers, ADA has really only just begun warming up, with the aforementioned online analyst Fiery Trading predicting an eventual climb to $35.
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