Cardano (ADA) demonstrates significant resilience under market pressure, laying the foundation for short-term potential gains. Analysts point out that breaking key resistance levels could push ADA to the $0.90-1.20 range, with ecosystem developments like the privacy sidechain Midnight serving as catalysts. Ali Martinez's technical analysis indicates bullish momentum is about to launch, while Investing Broz suggests more long-term optimistic targets. Token performance reflects a common trend in the crypto market - infrastructure upgrades often precede price increases. Cardano price prediction: Bullish technical pattern drives ADA to surge 30% in a week, outperforming all top ten cryptocurrencies, rivaling XRP and exceeding Ethereum's 19.6% gain.
Cardano Short-Term Price Target Revealed: Is ADA About to Surge?
Cardano (ADA) shows significant resilience under market pressure, establishing a basis for short-term potential increases. Analysts indicate that breaking key resistance levels could drive ADA towards the $0.90-1.20 range, with ecosystem developments like the privacy sidechain Midnight serving as catalysts.
Ali Martinez's technical analysis predicts bullish momentum is about to launch, while Investing Broz offers more long-term optimistic goals. Token performance reflects a common trend in crypto markets - infrastructure upgrades often precede price increases.
Cardano Price Prediction: Bullish Technical Pattern Drives ADA 30% Weekly Surge
Cardano (ADA) surges 30% weekly, outperforming all top ten cryptocurrencies, rivaling XRP and exceeding Ethereum's 19.6% gain. This layer-one blockchain is currently targeting Tron's market position, with a market cap difference of just $2 billion.
Technical charts show a cup and handle pattern forming, with ADA consolidating around $0.755 after reclaiming key demand zones. Fibonacci extensions reveal potential target prices: $1.01 (0.618), $1.15 (0.786), and $1.83 (1.618), with potential to reach $2.65 if momentum continues.
The nearly $2 billion daily trading volume sparks market speculation about ADA potentially reaching $10. Analysts emphasize maintaining support above $0.68-0.72 to sustain the bullish outlook.
Los Angeles Deputy Sheriff Indicted in Crypto 'Godfather' Case
A Los Angeles deputy sheriff has been indicted, with another already pleading guilty in a federal case involving a cryptocurrency entrepreneur dubbed the 'Godfather'. Key figure Adam Izza, founder of crypto trading company Zort, earlier this year admitted to conspiracy to violate civil rights, wire fraud, and tax evasion. Prosecutors allege Zort provided illegal payments to law enforcement.
Los Angeles County Sheriff's Department Deputy David Anthony Rodriguez pleaded guilty to conspiracy to abuse civil rights, facilitating private security services using his position unrelated to Izza. Another officer, Christopher Michael Cadman, admitted to directly assisting Izza by intimidating victims through armed confrontations and fabricated traffic stops.
Federal prosecutors emphasized that both officers exploited their law enforcement positions for personal gain. The case also involves another deputy, Eric Chase Svedra, who pleaded guilty to conspiracy and filing false tax returns in February.
