Recent market predictions from cryptocurrency experts highlight that Cardano (ADA) could potentially rise to $6 based on historical similarities.
Potential for ADA Growth
According to a chart shared by Ali Charts, the price of ADA could potentially reach $6. In his analysis, Ali Charts compares past price movements with current trends and states that Cardano is following a model remarkably similar to its previous cycle.
ADA Price Forecast
At the time of writing, ADA is priced at $0.897. Investors believing in a continued rise faced $3.65 million in ADA long position liquidations in the last 24 hours. After billion-dollar liquidations this week, bulls felt a significant blow.
Impact on Crypto Market
In the short term, $0.88 is emerging as a key support level, with potential dips observed. If this support is lost, key thresholds of $0.80 and $0.57 may soon come into play. Conversely, $1.04 will be the first target in a potential BTC recovery, and if reclaimed, $1.32 may again be a goal.
While the short-term outlook for ADA remains uncertain, the long-term predictions indicate the possibility of significant growth if historical patterns recur.
