Cardano

Long

Resistance

<p>Cardano ADA’s DEX volume has surged past $26 million in the last 24 hours. Adding to this momentum, the network introduced a groundbreaking gasless transaction feature utilizing fluid tokens, enabling fee-free ADA transfers—a development that could significantly boost mainstream adoption.</p>
<p>With this in mind, crypto analyst Jebb projects a $7.80 price target for ADA in the current cycle. While some view this forecast as overly optimistic,<a href="https://captainaltcoin.com/cardano-ada-price-spike-to-8-seems-inevitable-heres-why/" target="_blank" rel="noopener noreferrer nofollow"> a more moderate consensus</a> among analysts suggests a range of $5 to $7 might be more attainable.</p>
<p>Jebb’s reasoning is from the fact that the Cardano ecosystem has caught the attention of major players, with Wall Street Bets reportedly accumulating <a class="wpil_keyword_link" href="https://captainaltcoin.com/cardano-ada-price-prediction/" title="ADA" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">ADA</a> positions despite ongoing market uncertainties.</p>
<p>The ecosystem’s vitality is further evidenced by the success of <a href="https://coinmarketcap.com/currencies/snek/" target="_blank" rel="noopener noreferrer nofollow">SNEK, a Cardano-native meme token</a>, which achieved $8 million in daily trading volume. Major exchanges are reportedly considering listing SNACK, potentially expanding its reach.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/how-high-could-kaspa-kas-price-rise-in-the-long-term-key-support-and-resistance-levels-identified/" target="_blank" rel="noopener noreferrer nofollow">How High Could Kaspa (KAS) Price Rise in the Long Term? Key Support and Resistance Levels Identified</a></em></strong></p>
<p>ADA has demonstrated remarkable strength, outperforming 90% of the top 100 cryptocurrencies in trading volume, including industry giant Binance Coin.</p>
<p>With Bitcoin dominance holding at 56.5%, altcoins like ADA continue to show resilience. The approval of XRP’s RL-USD pairing could influence the broader stablecoin landscape, potentially affecting ADA’s market position.</p>
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<p>According to Jebb, while the $7-$7.80 target appears ambitious, it’s not entirely unrealistic given ADA’s historical performance and current market dynamics. However, more extreme predictions ranging from $30 to $50 seem less grounded in market fundamentals.</p>
<p>The end of December could prove particularly significant for altcoins, though success will likely require patient accumulation during market dips and a long-term holding strategy.</p>
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<p>The post <a href="https://captainaltcoin.com/is-7-still-a-realistic-target-for-cardano-ada-price/" rel="noopener noreferrer nofollow">Is $7 Still a Realistic Target for Cardano (ADA) Price?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Is $7 Still a Realistic Target for Cardano (ADA) Price?

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