The Cardano (ADA) ecosystem has made headlines throughout the first week of March 2025. Donald Trump’s decision to include XRP and Solana (SOL) in the country’s strategic reserves had a positive impact on the industry. Altcoin went from trading at $1.13 at a low $0.5822, as the news came to the market. Despite this increase, the assets were a huge hit. The ADA has fallen 16% throughout the past week.
How is Cardano currently being transported?
At the time of writing, Cardano had been trading at $0.7174 after a 1.48% decline in the last 24 hours. The latest drop put Altcoin well below the all-time high. The assets peaked at $3.10 in September 2021. It is currently 76% below this milestone.
Despite the current bear market, renowned analyst Ali Martinez has been seen recovering hope for the Cardano market. Analysts say Altcoin is currently forming a bullish pattern. He revealed that the assets have developed a descending wedge on the right corner. Martinez noted that $1.20 is “an important level for monitoring bullish breakouts” for Cardano.
#cardano $ ada It is currently integrated within the descending wedge at the right corner. The key level for monitoring bullish breakouts is $1.20! pic.twitter.com/gfvbbki2os
– Ali (@ali_charts) March 13, 2025
Price forecast
Cardano certainly appears to be preparing for a significant rise. According to Concodex data, ADA is set to surge over the next few days. $1.20 is still in the assets distance, but Cincodex revealed bullish predictions for the ADA. The company said the ADA is expected to witness an 8.78% increase in prices. On March 20th, AltCoin is scheduled to trade at a price of $0.7862. It should be noted that the days leading up to this rise are also bullish for assets. The ADA is reportedly going to surge to $0.822 on March 19th.
(TagStoTRASSLATE)ADA(T)Cardano(T)Crypto(T)Crypto(T)Crypto(T)
