Based on its notable development space, Cardano (ADA) continues to be one of the leading cryptocurrencies attracting significant interest.
As a result, the tenth-largest cryptocurrency based on market value is traversing a major support zone at the $0.4 level, which it needs to defend since this will trigger a significant leg up, as acknowledged by leading on-chain metrics provider Crypto Rand.
Based on this data, Cardano might surge to the $0.57 to $0.60 zone from its current price of $0.41.
This is happening amid surging crypto interest on various social media platforms, such as X, formerly Twitter, Reddit, and Telegram.
Top crypto analytic firm Santiment pointed out, “Crypto discussion rates are finally looking up, particularly on Telegram, Reddit, and X. With social volumes rising, bulls are hoping to see overall network activity rise soon, leading to more utility and higher prices around the corner.”
Therefore, whether Cardano will ride on intensified interest in the crypto market remains to be seen.
Is Cardano Eyeing a Significant Move in the Next Two to Three Months?
According to market analyst Sssebi, the most epic move in Cardano’s history will start in the next 2 to 3 months, as a 15 to 20x surge is in the offing.
Source: Ssebi
This means that ADA will scale heights and hit the zone between $6 and $8.5, and such a move will make Cardano a force to be reckoned with in the crypto space.
Time will tell how Cardano shapes up both in the short and long term with the Chang Upgrade meant to propel decentralization being on the horizon.
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