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- Gate July 2025 Transparency Report:
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⚡️ Don’t Sell Your Cardano Until It Reaches $5 This Cycle: Analyst
Despite the Cardano trend below $1, a top market analyst has warned against selling ADA this cycle before a six-fold rally.
After a period of massive price uptrend, Cardano and the broader crypto market have consolidated slightly in the past 24 hours. For context, ADA is down 3.82% over the past day, correcting from a high of $0.76 yesterday.
Nonetheless, its trajectory appears to still be up only from here, at least according to a recent analysis. Specifically, Mr. Banana has urged Cardano holders not to sell short of a new all-time high of $5 this bull cycle.
When asked why he projected the price target, Mr. Banana stated that it is mainly due to strong fundamental analysis of the Cardano ecosystem. However, he did not provide further perspective on this claim.
Nonetheless, the Cardano community has been buzzing amid strategic developments. First, the ecosystem has progressed in its course to unlock Bitcoin DeFi with the recent Lace Wallet rollout boosting momentum.
Furthermore, a Cardano spot exchange-traded fund (ETF) could launch soon. A recent disclosure from Bloomberg’s senior ETF analyst Eric Balchunas suggests that there is a 90% chance of approval for the ADA-focused investment product before the end of 2025.
Several other bullish fundamentals, like Cardano’s addition to the five assets in the US crypto stockpile and founder Charles Hoskinson’s mention in Donald Trump’s crypto cycle, have all sparked optimism among ADA proponents.
Notably, an earlier parallel analysis suggests these developments should take Cardano to $10 this cycle.
🔸 Cardano Ready for a Massive Move
Meanwhile, Mr. Banana identified a new price development in a parallel tweet, suggesting that Cardano is about to take off. He noted that the blue-chip asset is getting ready for a massive move as it approaches a major resistance level.
For context, ADA’s 25% growth last week has brought prices closer to a support-turned-resistance zone.
#ADA # Cardano
{spot}(ADAUSDT)