TradingView analyst Arman Shaban predicts a potential 121.67% price rally for Cardano based on historical market structure patterns.
Short-term price targets for Cardano include $0.61 and $0.76, while longer-term objectives are set at $0.93, $1.05, and $1.33.
On-chain metrics show an 11.99% increase in Cardano's daily active addresses over seven days, indicating growing user engagement and demand for network services.
The analysis combines technical analysis and on-chain metrics to present a bullish case for Cardano's price trajectory, but acknowledges risks such as cryptocurrency market volatility and failure to break through resistance levels.