Can ADA price reach $3? Cardano greenlit for 216% rally
2025-07-18 14:39:17
Main Idea
ADA price has shown significant gains and technical indicators suggest potential for further rally, possibly reaching $3.
Key Points
1. ADA price has increased by 75% between June 22 and July 18, marking the end of a downtrend.
2. Technical analysis indicates potential for a 216% rally to $2.70, based on bull flag patterns and moving averages.
3. Historical data shows that breaking the upper Bollinger Band has led to massive price rallies in the past (e.g., 1,500% in 2021).
4. A golden cross (50-day SMA crossing above 200-day SMA) and bullish MACD signal reinforce the case for continued upward momentum.
5. Analyst Deezy suggests ADA could rally another 130% to $1.80 based on RSI levels.
Description
ADA price catches a bid as multiple bullish signals emerge and bull flag targets $2.70.
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