Cardano (ADA) Is Poised for a Massive Breakout, Market Expert Claims

Cardano (ADA) is exhibiting signs of recovery, with renewed strength that could signal the start of an extremely bullish trend.

Cryptocurrency Cardano (ADA) is showing signs of recovery, and its momentum appears to be marking the beginning of an extremely bullish trend. Renowned crypto analyst Javon Marks argues that ADA’s current breakout momentum could just be a harbinger of a bigger rally.

Possibility of huge profits during ADA breakout phase

Marks' tweet indicates that ADA's first breakout target is $2.7709, a massive 531% increase from the current price. On the other hand, if past patterns repeat, ADA could experience gains of more than 1,700% above $7.77.

This bullish ADA mood is in line with broader market trends driven by major cryptocurrencies such as Bitcoin. Bitcoin’s rally is expected to peak at $80,000, heralding the arrival of “altcoin season,” during which alternative coins such as ADA typically exhibit high upward momentum.

About this possibility, crypto news media Crypto News Flash (CNF) previously reported that as Bitcoin rises, Altacoin is making profits, and as this rise continues, ADA is also making profits. It suggests that.

Meanwhile, ADA is trading around $0.4353 at the time of writing, up 2.17% in the past 24 hours and a significant 22.05% over the past week.

Additionally, as previously noted, data from analytics tool Santiment suggests that ADA's price rise may not be temporary. Widespread fear of missing out (FOMO) among retail investors suggests that buying pressure on ADA will increase and the current uptrend will be sustained.

Also, a closer look at ADA's statistics reveals strong support from long-term holders. According to Santiment data, 72% of active addresses holding ADA are long-term investors, suggesting strong confidence in the token's future performance.

This large number of long-term holders suggests stability. This is because these investors are less likely to sell in response to temporary fluctuations, providing a more solid foundation for ADA's potential upside.

Meanwhile, the Cardano Foundation is actively building strategic alliances with industry giants to improve protocol adoption and decentralization, creating a buzz, according to CNF.

Cardano aims to be known as a leader in the Web3 space, leading initiatives that emphasize decentralized governance and community-driven growth.

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