Price: $0.38570 3.1151%
Market Cap: 56.64B 1.843%
Volume (24h): 13.02B 0.4%
Dominance: 1.843%
Price: $0.38570 3.1151%
Market Cap: 56.64B 1.843%
Volume (24h): 13.02B 0.4%
Dominance: 1.843% 1.843%
  • Price: $0.38570 3.1151%
  • Market Cap: 56.64B 1.843%
  • Volume (24h): 13.02B 0.4%
  • Dominance: 1.843% 1.843%
  • Price: $0.38570 3.1151%
Home > Information news > This Chart Shows Why $6 Is Pessimistic Prediction for ADA Price: Reveals When Cardano Will Peak

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

Release: 2024/11/20 08:08 Reading: 349

Original author:CaptainAltcoin

Original source:https://coinmarketcap.com/community/articles/673d2081f302f90475a39158

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

Cardano Price Target of $6 by Mid-Late 2025

CryptosRus presented a chart suggesting a potential price target of $6 for Cardano (ADA) by mid to late 2025. This projection is based on historical price movements and assumes that ADA will follow patterns established in previous market cycles.

The chart highlights key historical phases, such as the recovery from the COVID-19 market crash in 2020, during which ADA's price surged over 4,000% in approximately 343 days.

Additionally, the analysis identifies a consolidation phase from 2022 to 2023, where ADA experienced a significant upward movement of 75% during a single breakout.

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

The analysis further suggests that each breakout in ADA's price history has coincided with increased trading volume, highlighting the importance of market interest during these upward trends.

While the prediction of a $6 target is plausible, it may even be conservative, considering potential collaborations with Dogecoin and ongoing developments within the Cardano ecosystem.

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