Cardano has been the subject of numerous bullish predictions, especially in anticipation of the Chang upgrade. This upgrade is seen as a significant milestone for the Cardano network, sparking optimism among its supporters.
Alan Santana’s Bullish Analysis
Crypto analyst Alan Santana has presented a bullish prediction for Cardano’s price, suggesting a substantial rally that could lead to new all-time high prices. Despite the recent downward trend in Cardano’s price after reaching its all-time high in 2021, Santana remains optimistic about the altcoin’s future performance.
Over the past three years, Cardano’s price has experienced both bullish and bearish cycles. The downward trend that followed the all-time high in 2021 seemed to indicate a bear market for the altcoin. However, Santana points out that this phase was followed by a consolidation period in 2023, leading to an upward movement in early 2024.
Santana refers to the phase following the consolidation period as the “initial bullish breakout,” which he sees as a precursor to a major bull market for Cardano. Despite a minor correction that saw a 50% decrease in the altcoin’s value, Santana believes that this will not impact the upcoming bull cycle.
Short and Long-Term Targets
According to Santana’s analysis, Cardano’s price is expected to bottom out around $0.22 before experiencing a bounce that could drive the price higher. Short-term targets include a 284.5% increase to $1.36 and a 475.39% increase to $2. In the long term, Santana predicts even more explosive rallies, with a 1,272.18% increase to a new all-time high of $4.8 and a notable 2,200% increase to $8.
Cardano’s price analysis by crypto analyst Alan Santana presents a bullish prediction for the altcoin’s future performance. Despite recent downward trends, Santana remains optimistic about Cardano’s potential for significant price rallies in the near future. Investors and supporters of Cardano will be closely watching to see if Santana’s predictions come to fruition in the coming months.