Following the last market collapse, the crypto sector entered the recovery process. The global market value increased by 1.21 %and reached 3.2 trillion dollars. In this process, the price of Cardano has the potential to reach a new summit by giving recovery signals. Speculation that a stock market investment fund (ETF) will soon be released for the island, especially for the island, increase the expectations of rise. However, investors are cautious because of possible fluctuations in the island price.
Can Cardano reach $ 3?
The price of Cardano has been below 2 dollars for the last three years. For the island, which is currently under the level of $ 1, analysts emphasize the potential of rise again.
Nala, an effective name in the crypto community, argues that the island price may soon experience a historical rise. Cardano, which reached almost $ 3 in 2021, predicts that he will return to this level and even overcome it.
Analyst Max Brown, who participated in Nala’s opinion, says that the island can exceed the historical summit by entering a new bull run.
April 2025 Target: Can Cardano reach $ 1.5?
The biggest trigger of the last recovery and potential rise in the price of Cardano was Grayscale’s island application. Grayscale Investments applied to the New York Stock Exchange (NYSE) for Cardano ETF.
Crypto analyst Niels thinks that the island price has experienced a significant decrease and reached the base level. Niels, like most Altcoin, is experiencing a large wave of sales, Niels predicts that the worst days for Cardano are behind. He estimates that the island will reach $ 1.5 by April 2025.
What are the critical levels in the short term for the island price?
Cardano’s rise is not limited to Grayscale ETF news. Charles Hoskinson, the founder of the island, about a potential partnership with Microsoft, affects the price upward.
Analyst Trader Courage emphasizes that the island price exceeds a significant level of resistance of $ 0.7012. He says that the island continues to rise by breaking the $ 0.7577 level. The next targets are 0,8082 and $ 0.8715.
However, some analysts suggest that there may be greater decreases in the island price.
Cardano won 7.5 %in the last week
The price of Cardano is located at $ 0.7845 and increased by 3.5 %in the last 24 hours. Although it has a decrease of 13 %on a monthly basis, it has recovered 7.5 %in the last 7 days.
Cardano ranks 9th in CoinMarketcap with a market value of 27.61 billion dollars. However, a 24 -hour trading volume of $ 1.3 billion has decreased by 16.8 %, which shows that investor sensitivity is wavy.
