✴️ Cardano | Long-Term Bullish Potential Revisited (2025 ATH)

Cardano (ADAUSD) hit a major low in early July 2023 at $0.23. This level was never visited again.

In September and October 2023, a higher low/technical double bottom happened at $0.24. We are now in the bullish zone.

Cardano moved and closed weekly above EMA100 but more interestingly and an even stronger signal is EMA300. ADA is trading above this level as well.

The current weekly candle/session is trading at the highest price level since May 2022 after closing last week full-green.

This whole dynamic depicts a bullish bias so let's consider the targets we have for 2024.

1) $1.20 can happen in the short-term (within 30 days).
2) $1.87 and $2.45 can happen mid-term (within 1-3 months).

The remaining targets would be Cardano near to or at new All-Time Highs and this can happen either long-term (within 6 months) or long long-term (6 months+).

1) $2.85
2) $3.90
3) $4.90
4) $8.11 All-Time High potential in 2025. Rough estimate, can be much higher based on how the market action will develop.

Thank you for reading.

Namaste.