With the recent increase in volatility in the cryptocurrency market, famous analysts continue to make remarkable predictions about future price movements. Cardano (ADA) Coin is at the center of these predictions. In particular, analyst Ali Charts' "possibility of rising to $ 6" prediction attracts great attention. This prediction is supported by historical data.
Ali Charts draws attention to a similar scenario by comparing Cardano’s past price movements with the present. The analyst, who believes that the correction in 2020 and the subsequent bull rally have similar characteristics to the current correction, emphasizes that Cardano’s price has the potential to show a serious rise in the near future.
The ADA Coin price is currently trading at $0.897. However, the large liquidations in recent weeks have created a difficult period for investors. While bullish investors have suffered major losses due to sudden declines, market experts are focusing on critical support and resistance levels for a potential recovery. While the $0.88 level is stated to be a significant support point, the $1.04 and $1.32 levels are among the future target prices.
One of the factors that will shape the future of ADA Coin is macroeconomic developments. Management changes and new laws in institutions such as SEC, CFTC and FDIC may affect market dynamics. How regulations and policies for cryptocurrencies will be shaped will be one of the most important determinants in the sector.
Considering historical analysis and market forecasts, there are key levels for ADA Coin investors to watch in the short term. However, in terms of long-term potential, the idea that the $6 target could become a reality continues to excite the market.