Cardano price trades at $0.820 after a 5% drop
Technical analysis identifies ascending wedge targeting $4.14 by year-end
Community members predict even higher prices reaching $10 during 2025
Cardano has declined 4% in the past 24 hours to $0.820, following broader cryptocurrency market weakness as Bitcoin hits new lows. The drop has pushed ADA holders who purchased at the start of 2025 into unprofitable territory with 3.8% year-to-date losses.
Despite recent weakness, technical analyst Mintern maintains bullish projections for Cardano reaching new all-time highs this year. The analysis points to ADA trading within a rising wedge formation that began from June 2023 lows of $0.22, creating potential for upward breakout.
Ascending Channel Structure Creates Multi-Target Framework
The technical setup shows Cardano operating within an ascending channel on the 4-day timeframe, with the December 2024 rally to $1.32 establishing a descending resistance neckline. This trendline
We współpracy z: https://thenewscrypto.com/cardano-analyst-projects-4-14-target-despite-ada-daily-decline/
