Can Cardano (ADA) Price Still Hit $2?

The post Can Cardano (ADA) Price Still Hit $2? appeared first on Coinpedia Fintech News

Cardano’s ADA has been showing signs of a recovery, but experts say the move is still in an early stage. The coin is following a steady rise from its recent low, and the next few days will decide whether it can push higher or lose momentum. At the time of writing, ADA is trading at $0.80.

Pullback After Recent Rise

After climbing steadily in recent sessions, ADA has started to slow down. This type of pullback is normal after a price rally, but analysts are watching closely to see how deep it goes.

Right now, ADA has important support levels at $0.784, $0.769, and $0.755. These are prices where buyers could step in to stop further declines.If the price falls below $0.755, the next support is around $0.74. A drop under $0.71 would be a strong bearish sign, suggesting that the current upward momentum has failed.

Short-Term Upside Target

If ADA can hold above its support levels, traders believe it could climb to the $0.852–$0.87 range in the short term. Reaching this zone would be seen as a positive step toward building a stronger uptrend.

The Road to $2

While the $2 target is still far away, holding above key support now is important for long-term growth. A steady rise from current levels could encourage more buyers and lay the groundwork for a bigger rally later this year.

Analyst Ali Martinez said Cardano’s $ADA is following the same price pattern as its previous cycle, but moving at a slower pace. He said this could be the early stage of a big rally.

“Cardano $ADA is mirroring the price structure of its last cycle, but unfolding more slowly. It looks like we’re at the very start of an explosive move,” he said.