This pattern sets Cardano’s path to $6 in this cycle
Cardano (ADA) appears to be following a clear technical roadmap that could pave the way for a major rally, potentially culminating in the asset hitting $6 in the current market cycle. Fibonacci retracement and extension levels suggest that ADA is breaking out of a prolonged consolidation phase that began after its all-time high in 2021, according to insights shared by crypto analyst Ali Martinez in an X post on September 20. ADA price analysis chart. Source: TradingView The Analysis highlights Cardano holding steady near the $0.9 zone, a level that coincides with critical resistance turned support. Historically, this base has acted as a springboard for larger price moves. With ADA edging closer to the $1 psychological barrier, the focus now is on whether the asset can sustain momentum above the 0.618 Fibonacci retracement level, which often signals the shift from recovery to full-blown expansion in crypto market cycles. If confirmed, the next significant resis...