Cardano Price Prediction: Analyst Says 80-90% Correction Is Over With 100% Jump Imminent

Quick Summary:

As such, a prudent action would be to focus on the long term and wait until the next bull market enters in full swing.  Related Reading: Bitcoin Stock To Flow Model Shows Price Is Ready For Next Phase Transition Above $100,000 Santana’s price projection for ADA suggests that while another slight drop could occur, it would likely be followed by a gradual recovery from November 2024 to February 2025, with a more significant bullish phase expected to gain momentum by March 2025.

As such, a fresh drop in the ADA price wouldn’t be a super strong drop and would last only a few days or maximum a few weeks.  Sustained Long-Term Growth For ADA According to Santana, selling ADA now may not be the best move, especially for those who have held throughout the corrections.

According to crypto analyst Alan Santana on TradingView, ADA appears to be consolidating around the same price levels seen in November 2023, showing limited upward momentum.

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Author / Journalist: Scott Matherson

Category: Crypto

Markets: United Kingdom

Topics: Cardano price ADA price ADAUSDT ADA news Crypto news Adausd Crypto Cardano Cardano news Analyst Crypto analyst ADA

Source Website Secure: Yes (HTTPS)

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-28 @ 18:00:39 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 460 words

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Sentences: 60 lines

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Copyright Owner: © NewsBTC

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