Cardano’s ADA Tops Top-50 Cryptos With 5% Gain — Analyst Predicts $1.20–$3 Next

Sean Williams
Cardano-ADA

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  • ADA is the only top-50 crypto in the green after recent market dips.
  • Analysts project a minimum target of $1.20, with extended potential above $2.90.
  • Community and founder support amplify optimism for Cardano’s short-term momentum.

While Bitcoin, Ethereum, and XRP struggled in recent trading sessions, Cardano (ADA) stood out as a rare green asset. The 10th-largest cryptocurrency by market cap surged amid market volatility, briefly hitting an intraday high of $1.02 before a minor pullback.

ADA Tops Top-50 Performance Rankings

Cardano’s contrarian rally positioned it as the only top-50 cryptocurrency showing positive 24-hour growth, posting a gain of over 5%. Market trackers like CoinMarketCap reflected the heightened interest, with ADA briefly topping the trending coin section before Bitcoin reclaimed the lead.

The rally also drew attention from Cardano founder Charles Hoskinson. Despite past criticism when ADA underperformed, Hoskinson celebrated the recent upswing with a lighthearted social media post, signaling optimism among the Cardano community.

Analysts Predict Further Upsides

Technical analysts see the rally as just the beginning. Javon Marks noted that ADA’s surge from June lows of $0.51—an 82% increase—follows a recurring trend from 2023 involving breakouts from descending channels. Marks set a minimum target of $1.20 for the ongoing rally, with a potential extended target of $2.91, reflecting a possible 206% gain from the current price.

Other analysts share similar bullish outlooks. Crypto Deezy highlighted a daily golden cross pattern, projecting a price rise toward $3, while Dan Gambardello echoed the same potential upside. These projections suggest that Cardano could maintain its momentum even if the broader crypto market faces headwinds.

What Traders Should Know

Cardano’s recent performance underscores its resilience during broader market sell-offs. Investors and traders are watching key technical levels closely, with $1.20 emerging as the next critical milestone. Continued interest in ADA, fueled by both social sentiment and technical setups, could sustain the bullish trend in the weeks ahead.

Also Read: Golden Cross Sparks Cardano Optimism — Could ADA Hit $3 in Weeks? Analysis

As major cryptocurrencies retreat, Cardano’s standout performance highlights its potential for significant gains. Analysts’ optimistic price targets and strong community engagement position ADA as a cryptocurrency to watch in the current market environment.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses

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