After XRP, Cardano? Epic Breakout ADA Price Targets $4.88
Cardano may follow XRP as the ADA price shows indications of a market comeback. A crypto specialist predicts an explosive ADA price breakthrough reaching $4.88 this bull cycle. Technical research and market factors informed the analyst's positive prognosis for Cardano.
ADA Price Targets $4.88
This bull cycle may see Cardano price increase, according to famous TradingView analyst Alan Santana. With a thorough price chart of Cardano's 2021–present and future price trajectories, the analyst predicted a large gain to $4.88 by 2026.
Alan Santana indicated that the ADA price has been consolidating for 915 days starting May 2022. The popular cryptocurrency burst out of its zone earlier this month, delivering record bullish volume.
Cardano's market position suggests it is slowly recovering from a bottom, which frequently precedes a strong upward trend. Cardano has additional growth potential in this bull cycle, according to Alan Santana.
The expert also said his technical chart research does not anticipate a new all-time high or Cardano's 2025 height. Instead, a long-term chart is used to illustrate Cardano's short-term price activity.
Based on his price chart, Alan Santana believes Cardano's key support level is 0.8875 Fibonacci. During last month's bullish breakthrough, ADA broke that barrier. The expert said that the breakthrough was the highest ADA price since May 2022.
Alan Santana predicts that if Cardano breaks over 0.8875, market sentiment will stay “super bullish,” and price increase would continue. If Cardano fails to breach 0.8875, it might fall below 0.6330, a secondary support level.
Even if Cardano retraces to 0.6330, the TradingView expert says its market structure will remain solid. Solid fundamentals have led the analyst to predict a significant rise to $2 for ADA if it can stay above the 1.30 Fibonacci barrier.
Cardano has XRP-like potential since the bull market might boost the ADA price.
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