WILL $ADA REACH $5 FOR REAL? 🤔👇

Reaching 5 dollars would require ADA to surge by 700% from its current price of $0.63, potentially setting a new ATH (all time high). ADA's previous peak was $3.09 in September 2021, over two years ago. In addition, hitting the $5 target would escalate ADA's market cap from $21 billion to approximately $183 billion. A very challenging scenario, even for a coin that's already in the top 10 (ADA currently ranks 8th)

BRIEF MEDIUM TERM ANALYSIS:

ADA at the moment sits between the Support 4 (0.23-0.246) and Resistance 1 (0.751-0.812). Considering it already touched S4, it may will test R1. In case volumes won't be enough, then S3 and S4 should be considered as long entries. NOTE That I provided Area of Support Ranges, so it means that any opening in that range is valid.

BRIEF LONG TERM ANALYSIS:

If we consider $5 as a final target then ADA's price will have to visit 6 Resistance. A way long and challenging journey. Personally I believe that ADA in the next few months will reach R3 (1.3-1.4)

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