Can Cardano Price Push to $5.36 with 585% Surge in Next Bull Cycle?

Key Insights:

• Cardano (ADA) secures major U.S. listing on Bitstamp, increasing global liquidity and investor access, as Cardano price comtinues its uptrend.
• ADA price potential could surge by 585%, reaching $5.36 with continued bullish momentum.
• Cardano’s strong technical support at $0.24 suggests potential for future growth and price stability.

Cardano (ADA) has recently secured a significant listing on Bitstamp via Robinhood, bringing it back to the forefront of the U.S. cryptocurrency market. Currently priced around $0.67, ADA’s recent surge in interest has prompted speculation about its future potential.

With the latest U.S. listing and improved market conditions, many are wondering whether Cardano can climb as high as $5.36, reflecting a 585% increase in the next bull cycle.

Cardano Price Surges After Major U.S. Listing on Bitstamp

Bitstamp, via its official X handle, recently announced that Cardano (ADA) is now available for trading to U.S. citizens. This comes after a period of regulatory uncertainty, as the SEC had previously raised concerns about ADA potentially being an unregistered security.

However, with changes in the SEC’s approach, ADA is now accessible on U.S. platforms again. This listing marks a significant milestone for Cardano, offering new opportunities for U.S. investors.

Robinhood’s recent acquisition of Bitstamp for $200 million adds further weight to the listing. The acquisition not only strengthens Robinhood’s position in the U.S. but also grants it regulatory licenses and infrastructure across Europe, the U.K., and Asia, enhancing its global reach.

By adding ADA to its platform, Robinhood aims to meet the growing demand for diverse crypto assets from an international user base.

Currently, ADA’s price stands at around $0.67, following a volatile start to June. Despite broader market sentiment affecting its momentum, this U.S. listing could inject fresh liquidity and visibility into Cardano, potentially boosting trading activity and driving further adoption.

Long-Term ADA Price Projections and Potential Surge for Cardano

Cardano (ADA) has seen increased market activity, with its price around $0.70 and a surge in trading volume by over 50%. This rise in volume often signals upcoming price movements, potentially setting ADA up for significant growth. If ADA continues to gain attention, it could experience a rally similar to previous bull cycles.

Based on historical performance and Fibonacci extension levels, ADA could reach $3.37 1.272 extension and even $5.36 1.618 extension in future bullish cycles, suggesting a 585% potential increase from its current price According to Analyst Javon Marks.

The overall market sentiment, boosted by the Bitstamp listing, provides a favorable environment for ADA’s growth. Investors will focus on a break above the $0.72 resistance level, which could signal further upward movement.

If ADA maintains its bullish momentum, the $3.37 to $5.36 range could become realistic targets in the next market cycle.

Cardano Price Analysis and Potential for Future Growth

According toTradingView, Cardano (ADA) is consolidating now, with its price being close to $0.70. ADA’s price recently fell from a high of $0.7071, which is a sign that there is short-term resistance.

The MACD is indicating a bullish lean, yet the small space separating it from the signal line hints at a lack of strength in the market. It indicates there might be gradual and uncertain gains in the future.

The indicator shows that ADA’s RSI stands at 62.77, which means it is still not showing signs of being overbought. As market conditions are expected to change for the better, there may still be higher prices in store.

If $0.7071 holds strong, the price of ADA may slide downwards on a short-term basis, reaching support around $0.69. Failing to overcome this resistance can point to a possible increase or even decrease in the current trend.

The ADA price will increase further if it can surpass the $0.7071 barrier. If the bulls prevail here, this could end up retesting $0.72 to $0.75. If the uptrend wanes, ADA could encounter even more downwards movements, and the first support is at $0.68, followed by $0.69.