This Chart Shows Why $6 Is Pessimistic Prediction for ADA Price: Reveals When Cardano Will Peak

2024-11-20 02:30

CryptosRus posted a chart that suggests a potential price target of $6 for Cardano (ADA) by mid to late 2025. This projection is based on historical price movements, indicating that if ADA follows patterns established in previous market cycles, this target could be realistic.

The chart emphasizes key historical phases, notably the recovery from the COVID-19 market crash in 2020, during which ADA price experienced an impressive rebound of over 4,000% within about 343 days.

Additionally, the analysis notes a consolidation phase from 2022 to 2023, where ADA saw a significant upward movement of 75% during one breakout.

Read Also: Metrics Show Sui Is ‘Better’ Than Solana—Here’s When SUI Price Could See More Upside

Currently, the chart indicates that ADA is in a consolidation phase similar to the accumulation zone observed in 2020. If this pattern continues, a price target of approximately $6.24 could represent a staggering 2,265% increase by July to September 2025.

Furthermore, the analysis points out that each breakout in ADA’s price history has been accompanied by a notable rise in trading volume, which highlights the critical role of market interest during these upward trends.

The prediction of a $6 target may even be conservative, especially considering potential collaborations with Dogecoin and further developments within the Cardano ecosystem.

Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.

We recommend eToro Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.

The post This Chart Shows Why $6 Is Pessimistic Prediction for ADA Price: Reveals When Cardano Will Peak appeared first on CaptainAltcoin.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Cardano (ADA) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.576
Капитализация $0 Rank 99999
Доступно / Всего 0 ADA

ada price cardano chart realistic indicating historical

ada price → Результатов: 126


Cardano (ADA) Price Bound for Another Correction Despite Already Immense Fall

To conclude, there are three reasons why the ADA price trend is considered bearish: The breakdown from the $0.350 horizontal area The invalidation of the bullish divergence trendline in the weekly RSI ADA's long-term descending resistance line The post Cardano (ADA) Price Bound for Another Correction Despite Already Immense Fall appeared first on BeInCrypto.

2022-12-29 19:45