So, I was talking to this guy, Master Ananda, who’s apparently a crypto analyst. He’s predicting that Cardano (ADA) is going to hit a new all-time high (ATH) of $8.11 in 2025. And you know what? He even thinks it could go to $10. Can you believe it? 🤔
According to a post on TradingView, Master Ananda is saying that Cardano is in a bull market and could rally to $8.11 this year. He’s calling it “massive growth.” Of course, he also mentioned that the first wave of this bullish breakout has already happened. So, we’re just waiting for the next wave to push it to this $8 price target. 🌊
But here’s the thing: Master Ananda says that the initial bullish breakout peaked very early in December last year. And you know what happens after a strong bullish wave? A correction, of course. That’s why Cardano is currently crashing alongside the rest of the crypto market. But don’t worry, he assures us that this correction is just a period of rest while everyone consolidates their gains. 🛌
Master Ananda also pointed out that in a bullish market, a correction will always end in a higher low. He gave an example of the ADA/USDT pair, which launched a bullish wave from a baseline of $0.3000. The correction higher-low ended at around $0.6000, which is 100% higher than the baseline. He says this means Cardano is super strong. And the first peak ended around $1.35, which he called “awesome.” 🤩
From a low of $0.2756 in August 2024, this move adds up to a total growth of around 375%. But Master Ananda thinks there’s more to come in this 2025 bull run. He’s even highlighting $2, $4.84, $8.11, and even $10.5 as potential new peaks for 2025. 🚀
He’s sharing this analysis now because he believes ADA is establishing a short-term higher low. The first low happened in early February, and the second is happening now. He thinks this second higher low will launch the next bull market bullish wave. 🚀
At the time of writing, the Cardano price is trading at around $0.59, down over 11% in the last 24 hours, according to CoinMarketCap. But hey, maybe Master Ananda is onto something. Who knows? 🤷♂️
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2025-03-01 05:11