Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ALTCOIN NEWS»Cardano’s $2 Target: Why It Makes Sense to Buy ADA Now
ALTCOIN NEWS

Cardano’s $2 Target: Why It Makes Sense to Buy ADA Now

By Crypto FlexsDecember 8, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Cardano’s  Target: Why It Makes Sense to Buy ADA Now
Share
Facebook Twitter LinkedIn Pinterest Email
  • ADA has proven resilient, fending off bearish pressure and holding strong above $1, a level it has worked hard to recover from.
  • With the excitement of a new year just around the corner, the stage is set for a potential upside.

Cardano (ADA) has posted triple-digit gains over the past 30 days, breaking away from a three-year slump to reclaim the $1 benchmark and secure the second-best altcoin spot.

The big players’dip‘To build up ADA, price action has yet to provide the strong bullish momentum many are hoping for.

Nonetheless, broader market optimism continues to put ADA in the speculative spotlight.

With key caps remaining firmly in the green and investors trying to mitigate risk as Bitcoin approaches critical psychological levels, could Cardano be a legitimate beneficiary of this momentum?

Important 3 weeks ahead of ADA

Just 20 trading days after the Trump pump, ADA surged past the $1 mark. Despite warning signs of a correction and many indicators pointing to excessive positions, Cardano bulls remained bullish, avoiding a major decline.

However, momentum slowed last week, with Bitcoin surpassing $100,000. This suggests that investors are becoming uncertain and cautious about altcoins’ current position in the market.

Therefore, unless Bitcoin mounts a strong rebound and holds $104,000 and turns the current price band into solid support, the market is likely to see near-term volatility.

But the next three weeks could see increased activity before the fourth quarter concludes and the euphoria of the new year begins.

ADA bulls should seize the window of opportunity to take advantage of any momentum while maintaining the current price.

Source: TradingView

Historically, December through February has been a period of high liquidity for Cardano. ADA continues to make significant moves and break through consolidation in each annual cycle.

If history holds true, ADA could likely break above $2 in the coming days and hit a new all-time high of $3.11 before the end of the year.

So should I buy dip?

Coincidence or not, the whale appears to be following this strategy, accumulating over 20.31 million ADA at an acquisition price of $1.21.

This massive accumulation appears to have incentivized a total of 391,000 addresses, which currently hold 4.95 billion ADA tokens, all hoping for a rebound to $2.

But it won’t be a walk in the park. Cardano would need more than 60% momentum to reach this goal at its current market value. This is a difficult hurdle, especially with the current market volatility, RSI still overbought and MACD crossover signaling possible bearish pressure ahead. .

So the key is to hold on to these factors until they stabilize. Otherwise, a small difference could cause Cardano to lose the $1 benchmark. This is a level that the bulls have been trying to regain for years.

“Consistent” whale support is important to absorb selling pressure from weak hands. These investors, fearful of a correction, may be seen as bankrupt even if prices fall further.


Read Cardano (ADA) price prediction for 2024-2025


So, if you are ‘buying’ Cardano and aiming for a breakout of $2, buying the dip now is a smart move for three reasons. Strong whale support, year-end expectations, and most importantly, patience.

These psychological factors play a key role in ensuring that the dollar level does not get out of hand.

Next: Bitcoin: 5 reasons to invest in BTC before 2025

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

NFT artists reproduce ‘password tax nightmares’ with new songs.

June 7, 2025

Despite market volatility

June 7, 2025

The merchant warns that Bitcoin is in ‘cancer price behavior’.

June 7, 2025
Add A Comment

Comments are closed.

Recent Posts

HOLONYM’s Human Network: Convert on boarding on boarding on human -friendly keys

June 7, 2025

The SEC gets $ 1.1m case when Crypto Schemer crosses the court.

June 7, 2025

NFT artists reproduce ‘password tax nightmares’ with new songs.

June 7, 2025

NVIDIA’s GB200 NVL72 and Dynamo improve MoE model performance

June 7, 2025

Despite market volatility

June 7, 2025

TEZOS promotes scaling efforts by activating data soluble layers.

June 7, 2025

It shows a graphite network. Tesla is nothing without trust because Tesla’s Tesla spent $ 150 billion after Musk and Trump’s fallout.

June 7, 2025

The merchant warns that Bitcoin is in ‘cancer price behavior’.

June 7, 2025

Is Bitcoin Price Rally $ 150K by the end of the year?

June 7, 2025

How does it affect Bitcoin?

June 7, 2025

Gala Games introduces a step -by -step approach to founder node staking.

June 7, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

HOLONYM’s Human Network: Convert on boarding on boarding on human -friendly keys

June 7, 2025

The SEC gets $ 1.1m case when Crypto Schemer crosses the court.

June 7, 2025

NFT artists reproduce ‘password tax nightmares’ with new songs.

June 7, 2025
Most Popular

Binance Completes Frontier (FRONT) Token Swap and Rebrands to Self Chain (SLF)

September 1, 2024

DogeLend Presale Live: Capturing the Spirit of Dogecoin with a Fresh Change

July 6, 2024

Top trader bullish on Solana’s rivals after price collapse – Here’s his outlook:

October 1, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.