Experts predict ADA could increase by 10 times by 2025 - What is the reason?

According to forecasts from an analyst shared by a member of the Cardano ecosystem, ADA appears to be positioned for a potential price increase of 10 times.

This analyst has cited historical patterns, particularly the inverse head and shoulders pattern – a bullish pattern that previously led to a strong surge that took ADA to its peak in the last cycle. If this pattern repeats, ADA could target a price range from $2.9 to $7.1.

The logarithmic chart of ADA's dominance ratio also provides a clearer perspective on this prospect. According to the model, ADA's dominance ratio could increase to 153%.

ADA's dominance rate | Source: TradingViewHowever, are there other indicators that are reinforcing this bullish scenario?

Concerns Affecting ADA Price Actions

Another analyst pointed out that the number of searches for the keyword "Cardano price prediction" on Google has increased by more than 170% in the past week. According to him, this reflects a growing interest in this altcoin.

The Bitcoin magazine reports that the weekly search interest has surged. However, the data indicates that the price of ADA has a tighter correlation with search trends when viewed over a 90-day time frame on Google Trends.

The correlation between ADA price and Google search volumeAs illustrated in the attached chart, spikes in search volume for "Cardano price prediction" coincide with price recoveries in January and March (the yellow line). However, since the end of March, interest in this keyword has gradually declined, similar to the price movement of ADA.

In other words, investor interest is still not strong enough to create a breakout momentum for ADA's price, at least at the time of writing this article.

Perspective from Major Investors

Whale wallet groups holding between 10 million and 100 million ADA (yellow) are the most dominant force in the market. Currently, this group holds a total of 12.46 billion ADA, equivalent to 8.8 billion USD, making the price of this altcoin particularly sensitive to their movements.

! Source: SantimentNotably, ADA's price drop in March coincided with a major investor sell-off, causing its holdings to drop from 12.74 billion to 12.46 billion tokens.

With their significant influence, this whale group can provide important signals about the upcoming price trends of ADA, making them a factor to closely monitor.

! 4-hour ADA/USDT chart | Source: TradingView However, in the second half of March, ADA is fluctuating in a narrow consolidation range between $0.70 and $0.77. A break out of this range will depend on the next trend of Bitcoin (BTC).

You can see the ADA price here.

Disclaimer: This article is for informational purposes only and is not investment advice. Investors should conduct thorough research before making any decisions. We are not responsible for your investment decisions.

• Whales accumulate 240 million ADA – Will the price surpass $0.85?
• These signals indicate that Cardano (ADA) is about to explode strongly.

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