Cardano Price Forecast – ADA Price Action Hints at 25% Pump
Cardano price flipped green on Monday, following in the footsteps of its bigger siblings – Bitcoin (BTC) and Ethereum. The smart contracts token has moved 1.85% in 24 hours, attracting $380 million in trading volume. Its short-term technical picture screams bullish – forecasting a 25% breakout. Retail Investors Are Ready to Back Cardano Price Breakout Cardano price is trading 87.90% below its all-time high of $3.09, set in September 2021. While its value tanked immensely over the last year, holders of between 100 and 1,000 tokens now account for 1.15% of the network's circulating supply , up from 0.92%. A similar growth pattern occurred among addresses with between 1,000 and 10,000 ADA tokens, growing by 0.59% to account for 4.95% of the total supply . In spite of this increase in demand, pressure has continued to mount intensely on Cardano. ADA Supply Distribution Retail holders mustn't lose sight of what lies ahead. In other words, the bear market rarel...