Cardano, Explosive Rise Predicted Next Monday..."Up to 2,479% Increase"

▲ Cardano (ADA)/AI generated image

Cardano (ADA) is breaking its long silence and preparing for an unprecedented surge. Next Monday is expected to be the starting point.

According to cryptocurrency specialized media The Crypto Basic on April 23 (local time), Cardano has reached a critical turning point. It's the intersection where a downtrend line meets a multi-year support line. Market analyst Celal Kucuker predicts a strong breakout next Monday.

Cardano has lagged behind the uptrends of Bitcoin (BTC) and Ethereum (ETH). Its price dropped by 5% over the past 30 days, leading to investor neglect. However, the current technical structure provides a perfect springboard for an explosive rebound. Signals indicating the end of months of pressure have been detected.

The analyst set the primary target price at $1.18, which is approximately 377% higher than the current price. The ultimate destination is $6.37, surpassing its previous all-time high. This represents a staggering 2,479% growth from the current level. The analysis that the mid-to-long-term chart flow is very ideal is gaining traction.

On-chain data is also positive. In the last 24 hours, more funds have left exchanges than entered, which is evidence that investors are choosing long-term holding over selling. Whales are moving Cardano to their private wallets, locking up supply.

Volume recovery remains a challenge. Recent trading volume and open interest have slightly decreased, indicating diminished market interest. The breakout on Monday is expected to be a catalyst that awakens dormant buying energy. Cardano is preparing to leap towards a historical new all-time high.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*