The Cardano price is trading above $0.72 after pumping 11% last week. ADA holders can be fairly happy with this considering the pump is in line with other major altcoins such as ETH, XRP or DOGE.
YouTube channel ‘Sin City Crypto’ released a viral video to their 93k subscribers about ADA price predictions.
What you'll learn 👉
Charles Hoskinson’s Bold Price Targets
In their video, Cardano founder Charles Hoskinson shared his optimistic outlook on ADA’s future value. He mentioned potential price targets of $3, $5, and even $10 for the ADA. These predictions have naturally caught the attention of many investors who want to understand what would need to happen for such dramatic price increases.
The analyst from Sin City Crypto decided to break down these price targets and explain the specific conditions that would need to be met for each of them to become reality. He also provided technical analysis of the ADA chart and shared updates about SNEK, a popular Cardano-based project.
Technical Analysis: Where ADA Stands Today
Currently, Cardano is showing signs of a potential bullish reversal pattern known as an inverse head and shoulders. This pattern consists of a left shoulder (first dip and rise), a head (deeper dip), and a right shoulder (second dip that’s smaller than the head). ADA has broken above the neckline of this pattern, which is typically a bullish signal, and is now retesting this level from above.
A key support level sits at $0.6759, which lines up with multiple technical indicators, creating what traders call a “confluence zone.” This strong support is likely to catch any short-term drops in price.
The Ichimoku cloud analysis shows ADA is still positioned below the cloud, technically keeping it in downtrend territory. For the trend to fully reverse, ADA would need to break above the cloud and wait for it to turn green. There are some positive signs already, with the conversion line (9-day moving average) crossing above the baseline (26-day moving average) – often the first signal of a trend change.
Trading volume has been increasing during upward price movements, which adds strength to the recent rally. However, ADA still faces resistance at the 200-day moving average around $0.76, along with resistance from the Ichimoku cloud overhead.
The analyst noted that if ADA pulls back, the $0.675 area would be an attractive entry point for those looking to accumulate more coins.
Ecosystem Developments Driving Potential Growth
The Cardano ecosystem continues to develop with new projects joining the network. Midnight, a new Cardano-related project, is launching a token called Glacier with plans for an airdrop. Notably, the largest portion of Glacier tokens will go to Cardano holders, showing Charles Hoskinson’s commitment to rewarding the Cardano community despite other options being available.
SNEK, a meme token built on Cardano, recently achieved a major milestone by getting listed on Kraken, a major U.S. cryptocurrency exchange. This listing brings increased visibility, potentially new investors, higher trading volumes, and improved liquidity. It could also pave the way for other Cardano-native tokens to secure listings on major exchanges, further strengthening the entire ecosystem.
Read also: Will Cardano Wake Up? The Last Time This Happened, ADA Price Exploded 300%
The Path to Higher Cardano Prices: What Must Happen
For ADA to reach $3 and return to its previous all-time high, retail FOMO (Fear Of Missing Out) and general market speculation would need to return. Exchange listings like SNEK on Kraken could help fuel excitement. The analyst views the $3 level as almost inevitable if speculation returns to the market.
Reaching $5 would require significant growth in the Cardano ecosystem, with more high-quality projects joining and broader adoption taking place. The potential introduction of a Cardano ETF (Exchange-Traded Fund) could bring substantial Wall Street investment into ADA, pushing prices higher.
The ambitious $10 target would depend on the successful implementation of Real World Asset (RWA) tokenization via the Midnight project and the effective rollout of Bitcoin DeFi (Decentralized Finance on Bitcoin). The analyst suggested that if the Bitcoin DeFi sector grows to $250 billion and Cardano captures 10-20% of that market, a $10 ADA price becomes achievable. This scenario might unfold during the current market cycle, so possibly extending into late 2026 or early 2027.
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