Cardano (ADA) continues to attract the attention of analysts and investors. The course moves around a crucial point and shows a familiar pattern that previously led to enormous price increases. If history repeats itself, Ada can just tap the $ 6 in this cycle.
‘Ada seems to be preparing for a new leap’
According to analyst Ali Martinez, the Ada Koers shows a clear technical pattern that appears to be on earlier periods before considerable price increases. Cardano holds firm position around $ 0.90. Exactly that level acted as springboard to higher prices in the past.
The big question: Can ADA manage to break through the barrier of 1 dollar? That level is not only psychologically important, but also coincides with a critical Fibonacci point: the 0.618 level. In earlier bull markets this often marked the start of a real explosive phase.
If Ada manages to hold this zone, the following price goals are already ready. Think of $ 1.70, 2.90 dollars and the previous peak of 3.10 dollars. But the real fireworks only start there: with a complete breakthrough, the Fibonacci extensions point to possible tops of 4.72 and even $ 6-more than 550 percent above the current level.
Ada Koers is strong: ‘Bullish structure remains intact’
At the time of writing, the ADA rate fluctuates around $ 0.89. That is slightly lower than a day before, but still three percent higher than last week.
What is striking: Ada is firm above its 50-day and 200-day average. That is a classic signal from a healthy, upward trend. The short average is now clearly above the long – something that often precedes further increases.
The RSI, a commonly used indicator to see if a currency is over or undervalued, is also 51.53. That is neutral. No crazy peaks, no extreme falls. Exactly the kind of peace that gives space for the next move up.
Of course, Cardano also depends on the wider sentiment in the cryptomarket. But technically, Ada seems to have put the foundation for a new leap up.
Source: https://newsbit.nl/cardano-koers-kan-naar-6-dollar-knallen-dit-ziet-een-topanalist-in-de-grafiek/
