Cardano (ADA) Rallies 11%, Can it Hit $0.60 By This Weekend?

Cardano (ADA) has made significant gains over the past few days. The asset has rallied by 4.4% in the daily charts, 11.2% in the weekly charts, 14% in the last 14 days, and 7.8% over the previous month. Moreover, ADA is up by 49% since February 2023.

Also Read: Cardano: Can ADA Rally Over 100% and Reach $1 By Q2 2024?

Also Read: Cardano: When Will ADA Reclaim Its All-Time High of $3.09?

ADA’s latest rally could be due to Bitcoin (BTC) breaching the $52k mark. BTC’s rally was likely because of increased inflows into spot BTC ETF (Exchange Traded Fund) products. Nonetheless, the cryptocurrency market seems to be entering the early stages of another bull run.

Will Cardano (ADA) Hit $0.60 by this weekend?

According to CoinCodex, ADA won’t breach the $0.60 level anytime this week. The platform predicts ADA to remain at $0.57 on Feb. 16, 2024. However, CoinCodex anticipates ADA to reach $0.62 by the end of the month. Hitting $0.62 from current levels would translate to a growth of about 8.77%.

Also Read: Cardano (ADA) Could Rally 24% and Hit $0.68: Predicts Analyst

Changelly also does not anticipate Cardano (ADA) to breach the $0.60 level anytime this week. The platform predicts the token to hit $0.630370 on Feb. 29, 2024, a rise of about 10.5% from current levels. Moreover, according to Changelly, $0.63 is the highest level ADA could reach this year. The platform anticipates ADA’s price to drop later this year.

Also Read: Cardano: Google Bard AI Predicts ADA Price After Bitcoin Halving

Telegaon, on the other hand, paints a more bullish picture for Cardano. The platform anticipates ADA to reach a maximum price of $2.15 this year. Hitting $2.15 from current levels would translate to a growth of over 277%.