$ADA rose from $0.20 to $0.245, with the next target at $0.28
$ADA rebounded from around $0.20 on September 18 to $0.245, gaining more than 22% in four days.
This upswing is certainly not small, but ADA is still trading within the $0.20 range, far from the previous all-time high of over $3.
I won’t judge how much upside it has left based solely on historical highs. How far ADA can go next depends not only on the overall market, but also on Cardano’s stablecoin supply, the amount locked in DeFi, and whether on-chain activity can continue to grow.
For the short term, look at $0.28.
If it breaks through and then quickly falls back, that suggests there are still sell orders overhead. If it can hold its ground, positions bought near $0.20 would have more room to keep holding.
$ADA rebounded from around $0.20 on September 18 to $0.245, gaining more than 22% in four days.
This upswing is certainly not small, but ADA is still trading within the $0.20 range, far from the previous all-time high of over $3.
I won’t judge how much upside it has left based solely on historical highs. How far ADA can go next depends not only on the overall market, but also on Cardano’s stablecoin supply, the amount locked in DeFi, and whether on-chain activity can continue to grow.
For the short term, look at $0.28.
If it breaks through and then quickly falls back, that suggests there are still sell orders overhead. If it can hold its ground, positions bought near $0.20 would have more room to keep holding.