Cardano price has been on a rollercoaster ride, but it seems that the anticipation of Charles Hoskinson’s mysterious VIP dinner might just be the catalyst for a 65% surge. ADA, the popular layer-1 token, has already risen by 60% from its lowest level this month, reaching $0.8185. But can it really reach its 2024 high before Hoskinson’s top-secret meeting?
Cardano Price Rebounds Ahead of Hoskinson’s Hush-Hush Gathering
Cardano enthusiasts are eagerly awaiting the upcoming VIP dinner that Hoskinson has teased. In a recent X post, he revealed that the exclusive soiree has been rescheduled to the 1th of March.
“VIP dinner got moved from the 22nd to the 1st. So the super important meeting is early March now.”
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ADA Price Targets
A bullish Cardano price forecast will see it rebound to $1.3357, the upper side of the first phase of the Elliot Wave pattern. This is an important level since it coincides with the 38.2% retracement level.
On the flip side, a drop below the psychological support at $0.50 will invalidate the bullish view, and point to more downside to $0.25.
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2025-02-11 18:14