Cardano (ADA) is drawing attention from traders due to promising technical conditions that could lead to significant changes in price dynamics.
Cardano Chart Analysis
Recently, analyst Crypto Patel shared a chart suggesting a possible price rise for ADA up to $10. The chart indicates that Cardano's price has been respecting a robust multi-year ascending trendline.
Each time ADA has dropped, it has found support along this line, helping maintain its overall bullish structure, even after significant corrections.
Key Levels for ADA
According to the analysis, the first significant breakout level is $1.16. A breakout above this level could quickly shift momentum and lead ADA to $2.68. If this zone is cleared, the next psychological barrier would be $5, from which a rise to $10 becomes feasible. These forecasts are consistent with Fibonacci retracement levels and ADA's past behavior in bullish cycles.
Short-Term Price Outlook for ADA
Currently, all eyes are on the $1.16 level. If ADA fails to break it, the price could slip back toward $0.60–0.65, where strong support remains. Conversely, if ADA can hold above $1.16, the momentum should immediately shift toward $2.68, making the path to $5 and even $10 more realistic.
The dynamics of Cardano are solidly supported by strong technical levels. The question remains whether ADA can realize its potential and provide trading opportunities in the current cycle.
