Cardano Price Prediction: Roadmap To $12.156
The post Cardano Price Prediction: Roadmap To $12.156 appeared on BitcoinEthereumNews.com.
In recent Cardano news, ADA price delivered a strong 490% gain, only to pull back and settle near $0.82. While it seems like lost momentum, Cardano price prediction by analysts indicate a different outcome. Yet, the broader chart painted a very different picture that suggested the phase was simply a calm before another significant leg higher. Analyst’s Cardano (ADA) Price Prediction Targets $12.156 On a chart highlighted by Cryptorecruit, Cardano traded inside a clear consolidation zone, bounded by the red resistance block overhead and supported by a rising structure underneath. ADA Price action tightened, reflecting a classic coiling pattern within a wedge. More importantly, Cardano continued to hold above key moving averages. That meant buyers had remained in control despite periods of volatility. The wedge breakout target had projected toward $12.15. Measured Fibonacci extensions and volume targets aligning at $6.50 and $9.50. Those levels represented significant potential upside, far beyond the then-current prices. A confirmed breakout could also have carried Cardano’s market capitalization toward the $197 billion to $291 billion range. This would put the project in direct contention with some of the largest names in the market. Of course, resistance at $1.10 had been the immediate hurdle. A decisive close above that region would likely have set the tone for a new wave of momentum. Until then, Cardano’s chart had suggested patience. The structure was constructive, the setup remained intact, and the wedge target was clear. For long-term investors, the message had been simple: that was not the time to be bearish. Source: X Cardano Pledges Billions to Support Stablecoin Projects In more Cardano news, the Cardano Foundation unveiled a major shift in its strategy in its latest roadmap update by confirming to commit tens of millions of ADA to provide liquidity for several stablecoin projects. This move marks…
