Cardano (ADA) Targets $5.35 as Fibonacci Levels Signal 660% Rally Potential
The post Cardano (ADA) Targets $5.35 as Fibonacci Levels Signal 660% Rally Potential appeared on BitcoinEthereumNews.com. TLDR: Cardano could gain 660% if it repeats its previous Fibonacci-based bull cycle. Price action remains steady with strong support seen near the $0.51 level. Nasdaq index listing adds legitimacy to ADA, boosting long-term investor confidence. Analysts eye $1.00 as the next major resistance before a potential breakout run. Cardano (ADA) may be gearing up for a major price breakout, as analysts point to a potential rally aligning with its historical trends. Market watchers suggest that ADA’s current pattern resembles its previous bull cycle, indicating the possibility of a substantial upside. A renewed focus on key Fibonacci levels has reignited bullish sentiment, with projections placing a potential target near $5.35. ADA’s recent price activity has shown resilience, sparking discussion around upcoming support levels and long-term growth. The asset remains under $1, but analysts believe market dynamics could trigger a sharp rally if momentum builds. Crypto analyst JavonMarks recently analyzed ADA’s current chart using Fibonacci extension levels, comparing it to the asset’s prior bull cycle. Using $ADA (Cardano)'s previous bull cycle as a guide for this one, prices could be setting up for another move to and above its 1.272 Fibonnaci Level which is currently at the ~$5.35 Price Point! This means that a nearly +666% upside from here can be possible. https://t.co/fpfCeVoxA9 pic.twitter.com/Y1snBeAfEe — JAVONMARKS (@JavonTM1) June 9, 2025 He identified the 1.272 Fibonacci extension near $5.35 as a critical resistance target. Based on the analysis, ADA could potentially gain over 660% from its current level if the trend repeats. The chart highlights ADA’s previous rally after a consolidation period and a move beyond the $1 level. Historical price behavior shows that after stabilizing near key Fibonacci zones, Cardano often saw strong upside moves. According to the analysis, the same pattern could play out again if current support levels hold.…
The post Cardano (ADA) Targets $5.35 as Fibonacci Levels Signal 660% Rally Potential appeared on BitcoinEthereumNews.com.
TLDR: Cardano could gain 660% if it repeats its previous Fibonacci-based bull cycle. Price action remains steady with strong support seen near the $0.51 level. Nasdaq index listing adds legitimacy to ADA, boosting long-term investor confidence. Analysts eye $1.00 as the next major resistance before a potential breakout run. Cardano (ADA) may be gearing up for a major price breakout, as analysts point to a potential rally aligning with its historical trends. Market watchers suggest that ADA’s current pattern resembles its previous bull cycle, indicating the possibility of a substantial upside. A renewed focus on key Fibonacci levels has reignited bullish sentiment, with projections placing a potential target near $5.35. ADA’s recent price activity has shown resilience, sparking discussion around upcoming support levels and long-term growth. The asset remains under $1, but analysts believe market dynamics could trigger a sharp rally if momentum builds. Crypto analyst JavonMarks recently analyzed ADA’s current chart using Fibonacci extension levels, comparing it to the asset’s prior bull cycle. Using $ADA (Cardano)'s previous bull cycle as a guide for this one, prices could be setting up for another move to and above its 1.272 Fibonnaci Level which is currently at the ~$5.35 Price Point! This means that a nearly +666% upside from here can be possible. https://t.co/fpfCeVoxA9 pic.twitter.com/Y1snBeAfEe — JAVONMARKS (@JavonTM1) June 9, 2025 He identified the 1.272 Fibonacci extension near $5.35 as a critical resistance target. Based on the analysis, ADA could potentially gain over 660% from its current level if the trend repeats. The chart highlights ADA’s previous rally after a consolidation period and a move beyond the $1 level. Historical price behavior shows that after stabilizing near key Fibonacci zones, Cardano often saw strong upside moves. According to the analysis, the same pattern could play out again if current support levels hold.…
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