An analyst on TradingView forecasts another bull run for Cardano (ADA), drawing parallels to a past surge in December 2024.
Cardano has shown recent strength, trading around $0.54 to $0.60 in the past week, with a notable 8.89% increase in 24 hours.
The analyst highlights historical order blocks and current price action, predicting short-term targets of $0.61 and $0.76, with long-term goals at $0.93, $1.05, and $1.33.
Data from IntoTheBlock reveals increased network activity on Cardano, with rising Daily Active Addresses and new addresses, indicating growing user engagement and utility.