There are strong disagreements among crypto experts about what will happen to Cardano (ADA) in the future. Expectations range from a huge 12,000% rise to a scary 50% drop.
New research shows that people have very different ideas. There is some good news about Cardano. One analyst says it could hit heights that have never been seen before. An expert named Fiery Trading wrote about this guess in a post on Tradingview. He showed a parallel line that showed a possible rise to $40 or more during the next phase of rising prices.
Cardano, Fiery Trading Predicts Drop
Fiery Trading acknowledged that such a prediction was based on speculation, but he stressed the good risk-reward ratio at Cardano’s current price, which he called a “entry of a lifetime.” He told crypto investors not to miss this chance and pointed out that goals of $25 or even $40 could be reached.
Fiery Trading, on the other hand, gave a different opinion that predicted a big drop. The analyst talked about a bearish situation in which Cardano could fall as low as $0.24, pointing out that the price has recently broken through key support levels.
Sebastian, an analyst, added to the talk by taking a more cautious view and saying that Cardano may have found a level after recent drops. He believed that the value of ADA and the crypto market as a whole could rise again, but only if prices stayed above key support levels for a while.
A market expert named Trend Rider saw a number of bullish signs on Cardano’s daily chart. However, he warned that a recovery would depend on Bitcoin stabilizing after its recent drops below $60,000.
It was reported by CoinMarketCap that ADA is selling at about $0.38 at the moment. It’s gone up by almost 4% in the last 24 hours.
