Krutika Adani
Recent price trends in Cardano show that it has hit a market bottom at $0.35. Any further fall in price is unlikely.
The current bull market is expected to take Cardano to $2.54, a target 714% upwards from the current levels.
Analysts also see the formation of an Elliott Wave 3 in ADA’s charts, which could help it reach $0.55 in the next few weeks.
Cardano’s new upgrades, like the Vasil and Chang Hard Fork, could boost its value as they implement cheaper and more efficient transactions.
If these upgrades achieve their goals, Cardano might finally see some adoption, which could drive on-chain growth.