- Crypto expert expects the price of ADA to hit $1.75 soon.
- The price of ADA has steadily climbed higher over the past few weeks.
- Analyst says ADA could hit a new ATH if the rally gains momentum.
The prices of promising crypto assets have been declining over the past couple of weeks, leading to several ups and downs in popular crypto asset values. Amid these trying times, a few bullish altcoins have been showing consistently strong signals, hinting at bullish price rallies. In detail, one crypto expert expects the price of ADA to hit $1.75 soon as ADA price continues to pump.
Crypto Expert Expects the Price of ADA to Hit $1.75 Soon
The crypto market is teeming with several promising altcoin assets, all hinting at epic price rallies for the coming weeks and months. Among some of the most bullish altcoins this cycle are Ripple’s XRP and Cardano’s ADA. While both assets have seen small pumps so far, neither of them has managed to reclaim their previous ATH prices yet and will need to surge significantly to do so.
So far, only a few altcoins have gone on to hit new ATH prices this bull cycle. These include SUI, FET, and ONDO from the new altcoin range and BNB, SOL, and ETH from the older list of popular altcoins. Despite their surges and new ATH records, their pumps have been very underwhelming, leading experts to believe that a much more impressive price surge lies ahead for altcoin prices.
For the altcoin ADA in particular, the native asset of the Cardano ecosystem, expectations for new ATH prices are incredibly high since the Cardano ecosystem went on to hit several milestones and celebrated many promising partnerships over the previous 4 years. This set up the altcoin to experience a highly bullish price surge, yet the success of the network has yet to reflect on the asset’s price.
Over the previous few weeks, the price of ADA pumped significantly to hit the $0.3 price range. While the asset is slightly down since then, sentiments for the asset to climb higher are quite strong, as ADA, like XRP, is not tied to the price fluctuation of BTC as much as the rest of the crypto assets in the market. In fact, presently, ADA and XRP are among the leading altcoins in the space.
ADA Price Continues to Pump
As we can see from the post above, this crypto expert believes that the price of ADA could surge significantly to the $1.75 price target. It also talks about how another expert recently highlighted a bullish setup for Cardano’s ADA, saying that if ADA pushes to the top of its broadening wedge range around $1.75, it could offer a massive 13x risk-to-reward opportunity, which means new ADA ATH prices ahead.
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