- Cardano may repeat its previous bull cycle pattern
- Fibonacci levels point to a $5.35 price target
- A 666% price increase from current levels is possible
As the crypto market begins to heat up again, analysts are turning to historical data to forecast the next big moves. One of the coins in the spotlight is Cardano (ADA). Based on its previous bull cycle performance and technical analysis, Cardano could be setting up for a massive rally.
In the last cycle, ADA followed a pattern closely aligned with Fibonacci retracement levels. Right now, its 1.272 Fibonacci extension level points to a potential price of $5.35, a level that could mark a new high for the coin in this bull run.
The Fibonacci Signal: Why $5.35 Could Be the Next Target
Fibonacci extensions are widely used in crypto trading to identify future resistance levels. In ADA’s case, the 1.272 Fibonacci level has historically acted as a major milestone. If history repeats itself, reaching $5.35 could be very possible.
This would represent a 666% increase from current price levels—an ambitious but not impossible move, especially considering the momentum building in the broader crypto space.
Traders and long-term holders are keeping a close watch on volume and sentiment indicators, both of which are beginning to show bullish signals.
Can Cardano Pull Off Another 6x Rally?
While a 6x return might sound overly optimistic, Cardano has shown in the past that it can perform during bull runs. The upcoming months will be critical, with network upgrades, ecosystem developments, and broader market conditions all playing a role.
If momentum continues and investor confidence strengthens, ADA could very well test that $5.35 target. However, as always, investors are advised to do their own research and manage risk appropriately.
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