Cardano (ADA) is predicted to surge to $7, with strong chart signals and a long-term bullish outlook despite short-term dips.
Cardano (ADA) has been chilling this month while Bitcoin and Solana are hitting new highs. But hold up—experts are saying ADA could be about to blow up. Big Mike, a well-known crypto analyst on X, is predicting ADA will soon surpass its all-time high, with a target price of $7!
According to Mike’s analysis, ADA is currently in its third wave, which could send it all the way up to $3. After a potential dip to $1.5, ADA could then skyrocket to that $7 mark. But here’s the catch: Elliott Wave patterns take time, so this might not happen overnight. The first wave started in May about two years ago, and it could take until April for everything to play out.
On the charts, ADA is showing some serious growth signals. Right after jumping from $0.28 to $1.33 last year, it’s now testing support at $0.81, which could mean a bullish continuation. A bullish pennant pattern is also forming, hinting at more gains. If ADA breaks out, it could retest its all-time high of $3, but if it dips below $0.81, the price could drop to $0.50.
In short, ADA’s future looks bright, but it’s gonna be a bit of a waiting game!
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