Cardano to $6? New ADA Price Prediction Says Its Highly LIkely
Main Idea
A new ADA price prediction suggests Cardano (ADA) could surge by 868% to reach $6, based on similarities in its current price structure to its last major breakout.
Key Points
1. Cardano's current weekly chart resembles its price structure before its last major breakout, with a slow build-up and flat base.
2. ADA is currently below the $0.85 mark, which is the 0.5 Fibonacci retracement level from its broader range.
3. Key price zones to watch are $1.15, $1.74, and $3, which were barriers during the last rally.
4. If ADA clears these levels, the full extension of the move could reach around $6.25, though this would not be a short-term jump.
5. The prediction highlights a potential explosive move for ADA, though the market has been relatively quiet recently.
Description
Cardano price on brink of crazy 868% surge if this ADA price prediction comes true
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