Cardano Target After Price Swings 72% Then Corrects: Analyst Forecasts $2.50 ADA by March 5

• Cardano (ADA) shot up 72% on the Sunday daily candle post Trump’s crypto reserve statement.
• Analyst “CryptoELITES” put a peak bull run target of $12 for ADA with a mid-term target of $6.
• Gemini co-founder Tyler Winklevoss unveiled the possibility of listing ADA on his crypto exchange.

Cardano (ADA) has been at the center of extreme volatility, when it surged 72% on Sunday, only to see a 19.29% correction in the past 24 hours, bringing the price to $0.8053 as of writing. 

This extreme volatility has sparked renewed interest in ADA, fueled by the US President Donald Trump’s announcement about including the altcoin in the US Crypto Strategic Reserve.

Analyst Predicts Bullish Targets for Cardano

Crypto analyst “CryptoELITES” has mapped out bullish targets for Cardano, setting price targets of $2.50, $3, and $6. 

Further, the ultimate bull market target is at $12. The analyst shared a chart, and a closer look reveals a cup-and-handle formation. This is known as a bullish technical pattern that often comes before strong uptrends. 

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