Saad Ullah
Cardano (ADA) just smashed through a year-long downtrend, and crypto traders are getting seriously excited about a potential run to $10. Currently sitting at $0.7999, ADA is showing some real bullish momentum that's got people talking.
ADA Breaks Free From Year-Long Slump
So here's what happened – Cardano finally broke out of this nasty descending wedge pattern that's been holding it down since November 2023. One trader on X is claiming ADA is literally "programmed to make you retire at 30," which sounds pretty wild, but the charts are actually backing up some of this optimism.
The breakout happened around $0.90, but then ADA pulled back to give more people a chance to jump in – classic crypto move, right? Right now, it looks like we might see a retest of that breakout zone around $0.70-$0.75 before the next leg up kicks in.
Why $10 ADA Isn't as Crazy as It Sounds
Look, $10 ADA sounds absolutely insane when you're looking at the current $0.7999 price, but here's the thing – the technical setup is actually looking pretty solid. The immediate target is around $1.15, which would be a nice 44% pump from here. But the long-term bulls are setting their sights way higher.
The Cardano community has always been super loyal, and they genuinely believe in the project's tech and utility. Whether ADA actually hits $10 or not, the recent chart action shows there's definitely renewed interest and momentum building.
Current ADA Price:
- Current Price: $0.7999
- Daily High: $0.8099
- Daily Low: $0.7799
- Next Target: ~$1.15
- Moon Target: $10
ADA just broke out of a major pattern, and while $10 might be a stretch, the technical setup suggests we could see some decent gains in the coming weeks. As always in crypto, anything can happen – but for now, the bulls are definitely in control.
Saad Ullah
