In the middle of Crypto market tentCrypto Master Ananda analyst has provided a bullish perspective for the price of Cardano, predicting that he can always reach a new summit of all time (ATH) of $ 8.11. The analyst also increased the possibility that AD reaches $ 10.
Cardano price to reach a new Ath of $ 8.11
In A post tradingViewMaître Ananda predicted that the Cardano Prize could come together to a new ATH of $ 8.11 because it records “massive growth” this year. The analyst said that ADA is officially in the Haussier market territory after the completion of the first wave of the Initial optimistic escape. In accordance with this, he predicts a new wave that could send Cardano to this price target of $ 8.
Related reading
Master Ananda also explained that the first increased escape culminated very early in December from last year. The analyst noted that such a strong upward wave will always lead to a correction, which explains why Cardano Prize Witness an important accident alongside the wider cryptography market.
The Crypto analyst assured that the current correction does not mean much for the market. He also pointed out that it is only a period of rest while actors, traders and market players consolidate all previous gains. Maître Ananda added that the market must adapt to the previous mass growth phase.
More in -depth analysis of the ADA bull market price action
Maître Ananda noted that in a bull market, a correction will always end with a higher hollow. According to him, the higher the weak, the stronger the graph or the pair. He gave an example of the ADA / USDT paid which launched the previous wave increased from a base line of $ 0.3,000.
Related reading
The lower correction ended at around $ 0.6,000 for the Cardano Prizethat the analyst noted is 100% higher than the basic price. Maître Ananda pointed out that this means that Cardano is super strong. He also revealed that the first peak ended about $ 1.35, which, according to him, was “brilliant”.
In addition, the Crypto analyst noted that from a minimum of $ 0.2756 in August 2024, this decision increased to total growth of approximately 375%. However, he said that there will be more for the price of Cardano this time in this Bull Run in 2025. By referring to his table which accompanies him, Maître Ananda highlighted $ 2, $ 4.84, $ 8.11 and even $ 10.5 as a new cutting-edge 2025 potential.
Maître Ananda declared that he shares this analysis of the action of the Cardano prices now because he thinks that ADA witnesses the establishment of a lower level in the short term. The first hollow occurred in early February and now the second occurs. He said the second lower lower will launch the next bullish wave of the bull market.
When writing data from CoinMarketCap.
Adobe Stock star image, tradingView.com graphic
