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Cryptocurrency News Articles

Cardano (ADA) Will Reach $6 by July – September 2025!

Nov 16, 2024 at 12:38 am

Crypto analyst Ali Martinez has predicted that Cardano (ADA) could reach $6 between July and September 2025. The projection is based on historical price

Cardano (ADA) Will Reach $6 by July – September 2025!

Crypto analyst Ali Martinez has predicted that Cardano (ADA) could reach $6 between July and September 2025. His projection is based on historical price patterns, particularly those observed during ADA’s previous accumulation phases and subsequent rallies.

In a recent tweet, Martinez shared a chart highlighting two key accumulation-to-rally patterns observed in ADA’s price history, suggesting a possible repeat of its prior performance during the next bull cycle.

“Cardano $ADA will reach $6 by July – September 2025!”

A look at ADA’s price history reveals two major accumulation periods, followed by sharp price rallies. From November 2020 to February 2021, ADA consolidated within a price range of $0.07 to $0.15 for approximately 672 days.

This accumulation phase ended with a significant breakout, leading to a 3,085% rally, with ADA peaking at $3.085 in August 2021. Following this peak, ADA entered a prolonged bear market. From 2022 to early 2023, it traded between $0.24 and $0.45 for 455 days. During this time, the price dropped by 65.93%, reflecting a steep correction similar to its post-COVID-crash recovery phase.

However, after this accumulation, ADA posted a 75.34% rally, rising to $0.534.

Martinez’s forecast anticipates a similar accumulation breakout, projecting a 2,263.73% rally that could push ADA’s price to $6.248. He expects this surge to unfold over a 343-day period, mirroring the trajectory seen during the 2020-2021 bull run.

While ADA has yet to test the $6 level, Martinez expressed confidence in the cryptocurrency’s ability to repeat its past performance. At press time, ADA traded at $0.6603, following a recent surge of 19.04% in the last 24 hours and a 46.59% increase over the past seven days. With a market cap of $23.6 billion and a circulating supply of 36 billion ADA, the coin remains one of the leading players in the crypto market.

Despite Martinez’s optimistic outlook, other analysts are less enthusiastic about ADA's potential to reach new highs in the current market cycle. Macro trader and crypto investor Jason Pizzino recently commented on ADA’s market performance, suggesting that the asset lacks the strength to reach or surpass its previous all-time high of $3 in this cycle.

In a recent video, Pizzino said, “If Cardano is able to do $10 this cycle, then maybe come back at me. But apart from that, this thing could be just another waste of people’s time.”

Pizzino also compared ADA’s market behavior to that of Solana (SOL), which he noted has shown stronger price action and is closer to reclaiming its previous all-time highs. He pointed out that Solana’s price has consistently broken through key resistance levels and appears poised to test new highs beyond $260, with potential targets as high as $400.

The differing perspectives among analysts highlight the volatility and unpredictability of the cryptocurrency market. While some analysts remain optimistic about ADA’s future, others caution that time is running out for the cryptocurrency to capitalize on its potential. Pizzino likened ADA’s situation to a plane “sitting on the ground with the engine running,” warning that the asset risks burning out without making significant progress. He suggested that unless ADA can surpass its $3 all-time high, its current momentum could fade.

As always, do your own research before making any investment decisions. Good luck out there!

News source:tokenhell.com

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