Renowned crypto analyst Ali Martinez has tweeted that the price of Cardano may surge to $1 in the near future.

The price of Cardano may surge up to 75% soon. Ali Martinez tweeted that Cardano is set to rebound, with the MVRV indicator dropping below -22%. He also stated that the last time the MVRV dropped below -22%, the price of Cardano surged by over 75%, and from its current level, it could reach $1.

Crypto analyst Trend Rider also tweeted that the price of Cardano will reach $1, stating that it could reach that level within 1 to 3 months if it can stay above the support level of $0.44 and break through $0.54.

Interestingly, Trend Rider had previously predicted that Cardano could rise to $3 if history repeats itself. He mentioned that Cardano had surged from $0.10 to $3 in October 2020, and he believes this could happen again.

However, analyst Alan Santana has stated that the price of Cardano may drop to $0.34 before rebounding.

Not Yet Cardano Season

Dan Gambardello, founder of Crypto Capital Venture, stated that the price of Cardano may not surge quickly because it is not yet "Cardano Season." However, he is confident that it will come soon and the price of ADA will indeed surge. Nevertheless, ADA fans may have to wait a while longer as he mentioned that the price of Cardano may remain stagnant for several more months.