Analyst Updates Cardano (ADA) Price Prediction, New Crypto Presale Smashes $6 Million Within Days
Analyst Javon Marks updated his Cardano price forecast as he predicted the ADA price could pump to $2.77. It’s now trading at $0.90.
At the same time, a new crypto presale ‘Solaxy’ launched a few days ago and quickly raised over $6 million.
ADA Price Forecast
Looking at Marks’ detailed chart analysis, Cardano’s price movement shows a fascinating pattern of consolidation phases followed by breakouts. The current ADA price structure bears a striking resemblance to previous accumulation periods that preceded major rallies. These historical patterns saw ADA surge by more than 180% after similar setups. Consolidation areas are highlighted in blue, followed by sharp upward trends. These zones suggest periods of accumulation, followed by explosive growth.
According to the analysis, three key price targets have been identified: $2.77 as the initial target, followed by $5.28 and $7.47. These Cardano price projections are based on historical price behavior and technical indicators. The ADA chart also highlights important support levels at $0.81, $1.66, and $2.32, which have previously served as pivot points during price movements.
Solaxy: New Viral Crypto Presale
Solaxy’s presale launched earlier this month and almost within days, raised over $6 million. These are strong numbers for such a “young” presale and project that plans launch in early 2025.
The project builds on Solana’s ecosystem by implementing a Layer 2 solution that processes transactions off the main chain. This architecture aims to reduce congestion and transaction costs while maintaining high throughput, particularly during periods of heavy network usage.
A key feature of Solaxy is its cross-chain compatibility, specifically between Solana and Ethereum networks. This infrastructure allows users to move assets between these two major blockchain ecosystems, combining Solana’s speed with Ethereum’s established liquidity pools.
The platform incorporates real-time monitoring and predictive analytics to optimize performance and anticipate network congestion. Its native token, SOLX, comes with a staking model offering high annual percentage yields during the presale period.
The project has caught the attention of prominent crypto analysts, including the 99Bitcoins YouTube channel with its 718,000 subscribers, who discussed SOLX’s 100x potential in their latest video. The token is currently available through Solaxy’s official presale website at a discounted rate.
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