Is Cardano Heading to $6? This ADA Setup Feels Familiar
- Cardano is showing a familiar breakout pattern, with its current price structure resembling the buildup before its previous bull run, hovering just below the key $0.85 resistance zone.
- Key levels to watch are $1.15, $1.74, and $3, which acted as resistance in past rallies; breaking through these could lead to a major price move.
- A long-term target of $6.25 is technically possible, based on Fibonacci extensions, though it would likely be a slow and volatile climb, not a quick surge.
Cardano’s been oddly quiet lately — kinda flying under the radar while other tokens grab the spotlight. But according to analyst Ali Martinez, that silence might not last much longer. He’s spotted a chart setup that, well… looks a lot like what happened right before ADA’s last big breakout.
And it’s not just vibes. The pattern itself — slow and steady buildup, a stubborn base forming just under resistance, and no real breakdown — all feels eerily familiar. The numbers aren’t the same as last time, sure, but the rhythm? It’s close
Chart Patterns Whispering Bullish
At the moment, ADA’s hovering just below $0.85, which happens to line up with the 0.5 Fibonacci retracement level from its longer-range move. In the last cycle, this exact mid-point was where ADA sparked upward momentum — jumping over $1 and just… keeping on going.
This time, it’s different. But also not. ADA’s been testing support over and over, dipping a bit, then snapping back. It’s stuck, sure — but not crashing. If it breaks out again, the next big levels to eye are $1.15, $1.74, and $3 — all tough zones from previous rallies.
The $6 Question
So, could Cardano really go all the way to $6.25 again? Technically, yeah. That’s what the full extension would look like if things play out similar to the last time around. Doesn’t mean it’s gonna be quick. And for sure, it won’t be a smooth ride. But that price target isn’t just some wild guess either — it’s rooted in how these charts tend to behave.
And maybe, just maybe, the fact that not a lotta folks are watching right now is what makes it interesting. Sometimes it’s the setups that don’t scream at you that hit the hardest later on. ADA’s quiet right now. Maybe too quiet.
can you
The post Is Cardano Heading to $6? This ADA Setup Feels Familiar first appeared on BlockNews.
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Is Cardano Heading to $6? This ADA Setup Feels Familiar
- Cardano is showing a familiar breakout pattern, with its current price structure resembling the buildup before its previous bull run, hovering just below the key $0.85 resistance zone.
- Key levels to watch are $1.15, $1.74, and $3, which acted as resistance in past rallies; breaking through these could lead to a major price move.
- A long-term target of $6.25 is technically possible, based on Fibonacci extensions, though it would likely be a slow and volatile climb, not a quick surge.
Cardano’s been oddly quiet lately — kinda flying under the radar while other tokens grab the spotlight. But according to analyst Ali Martinez, that silence might not last much longer. He’s spotted a chart setup that, well… looks a lot like what happened right before ADA’s last big breakout.
And it’s not just vibes. The pattern itself — slow and steady buildup, a stubborn base forming just under resistance, and no real breakdown — all feels eerily familiar. The numbers aren’t the same as last time, sure, but the rhythm? It’s close
Chart Patterns Whispering Bullish
At the moment, ADA’s hovering just below $0.85, which happens to line up with the 0.5 Fibonacci retracement level from its longer-range move. In the last cycle, this exact mid-point was where ADA sparked upward momentum — jumping over $1 and just… keeping on going.
This time, it’s different. But also not. ADA’s been testing support over and over, dipping a bit, then snapping back. It’s stuck, sure — but not crashing. If it breaks out again, the next big levels to eye are $1.15, $1.74, and $3 — all tough zones from previous rallies.
The $6 Question
So, could Cardano really go all the way to $6.25 again? Technically, yeah. That’s what the full extension would look like if things play out similar to the last time around. Doesn’t mean it’s gonna be quick. And for sure, it won’t be a smooth ride. But that price target isn’t just some wild guess either — it’s rooted in how these charts tend to behave.
And maybe, just maybe, the fact that not a lotta folks are watching right now is what makes it interesting. Sometimes it’s the setups that don’t scream at you that hit the hardest later on. ADA’s quiet right now. Maybe too quiet.
can you
The post Is Cardano Heading to $6? This ADA Setup Feels Familiar first appeared on BlockNews.
Read More