Cardano (ADA) Price Forecast: ADA Could Rally Up To 25%
The current crypto market slump has affected all the tokens and crypto projects. Despite the difficult market conditions, Cardano (ADA) has managed to weather the storm. Experts believe that ADA is under consolidation right now, and it could take a dive below to collect more liquidity. But once that happens, it will start a reversal which could send ADA up to 25% higher!
ADA Is Ready To Make A Move
Since mid-June, Cardano (ADA) has been making a lot of liquidity fractals - In simple words, it was making lows only to be followed by a bullish run. If we take a look back, Cardano (ADA) has made around 8 price movements like this so far.
This price movement in ADA is taking out the stop losses of the sellers while also punishing the early buyers as well.
For now, the Cardano (ADA) price is trading above the $0.425 price level, which is an indication that bulls are in charge of the market. Looking ahead, experts believe that the next hurdle for ADA is around the $0.435 zone - If this resistance zone is pierced, it will help open a path for the ADA bulls!
As a result of this bullish development (whenever it happens), the chances of a retest of the $0.472 zone will become a high probability! And if that resistance zone is cleared, the next path for ADA will be around $0.505. Experts believe that after the end of this bull run, the price of Cardano (ADA) will be somewhere around the $0.530 zone.
But if the Cardano (ADA) bears take charge, then it will not be able to clear the $0.425 and thus will denote the weakness of the bulls. If the bears take charge in ADA, it will take a dive down and lose 8% of its market value!
So based on the market situation and the liquidity, ADA could add 25% to its value or end up losing 8% of its value to the bears!