Is $1 ADA Still Possible? Crypto Analyst Predicts Big Moves for Cardano!

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So, Cardano (ADA) just can’t seem to catch a break, huh? One minute it’s soaring, the next it’s plummeting. But according to one overly optimistic TradingView analyst, it’s all part of the grand crypto plan. Hold on tight, folks, because ADA is supposedly gearing up for another shot at the $1 mark. Yes, you read that right. $1. If you’re still here, you might want to get comfortable… or at least grab a snack.

Analyst Predicts Cardano Will Surpass $1—Again

On May 1, Arman Shaban took to TradingView with his “technical analysis,” which—let’s be honest—sounds like the kind of thing you’d read while you’re waiting for your coffee to brew. He carefully examined ADA’s price chart over a 3-day period (because who needs long-term trends, right?), and it seems the token has seen some real drama. From a low of $0.33, ADA blasted off to $1.32, a massive 300% jump. So far, so good, but hold on—there was a major hiccup. Resistance reared its ugly head (we’ve all been there), and ADA plunged back to $0.50. Classic crypto move, really.

But here’s the kicker: despite the dive, Shaban says ADA is still looking pretty bullish. Apparently, the price has shown “strength” (whatever that means in crypto-speak) and is now hanging around the $0.65 range. That’s the “bullish” support zone, in case you were wondering. Not a bad place to be… I guess.

Oh, and the chart also highlighted a “liquidity sweep” (don’t ask, I don’t know either) that occurred during the correction. Whatever it means, it looks like there was a lot of buying action at the $0.50 mark. So, great news if you’re into buying things at the bottom of the dip.

Now ADA is attempting to form a “higher low” (because crypto loves jargon), and if it can keep above $0.65, we’re all supposed to get excited about potential price targets like $0.75, $0.81, $0.93, and—drum roll, please—$1.05. The $1 level has been teasing Cardano holders for months, but could this be the moment? It’s all about the “psychological significance” of that $1 mark, which, frankly, sounds like something a motivational speaker would say after a few too many coffees.

But wait—if Cardano can hold above $0.65 and $0.75, we might just see it break through to that sweet $1 target. Will it happen? Who knows? But if it does, I’m sure the crypto community will lose their collective minds and flood Twitter with celebratory memes.

Whales Are Buying ADA Like It’s Going Out of Style

Meanwhile, Cardano is sitting at $0.69 (because the crypto market has a sense of humor), after falling over 4.7% this past week. But, hey, who’s buying? Oh, just the whales—the people with enough money to fill a small country’s budget. These whales have been scooping up ADA tokens like it’s Black Friday, with over 410 million ADA tokens bought in April alone. That’s about $276,000,000 worth of ADA for those keeping score at home. Sounds like someone’s betting on a big comeback.

Ali Martinez, a crypto analyst who’s probably drinking iced coffee as he types this, tweeted (well, X’d now) about the huge accumulation of ADA by whales. Apparently, they’re all in on ADA’s long-term prospects. Despite ADA’s sideways movements and general market chaos, these whales have decided it’s time to go all-in. Because, as we all know, when whales move, the rest of us just watch. They’re kind of like the rich uncle who buys the family vacation home, and we’re just here for the ride.

So, what does this mean? Probably that the sentiment is shifting to the “Greed” zone, according to some technical indicators (those fun little charts we all pretend to understand). Looks like investor optimism is making a comeback—just in time for another rollercoaster ride.

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2025-05-04 01:13