Famous cryptocurrency The analyst’s latest market forecast noted historical similarity, saying the price could reach $6. Bitcoin $96,907.4 As it fell to $96,400, altcoins also turned downward again. Volumes generally drop much more on Sundays and this weakness is not that surprising. Since the new week will be a holiday week, we may see that corporate demand is not that strong. So what is the longer term expectation?
Cardano (ADA) Future
According to the chart shared hours ago by Ali Charts Cardano (ADA) 
$0.917305 coin price It can reach $6. Explaining this by comparing past price movements with today’s, Ali Charts wrote the following in his assessment of what will happen:
“Cardano (ADA) is following an eerily similar pattern to its previous cycle. In 2020, the first major correction after the bull rally began occurred at the same time as the correction we are experiencing today.
Next up is $6!”
ADA Coin Price Prediction
At the time of writing, the ADA Coin price is at $0.897. Investors who believed that the rise would continue in the last 24 hours had their ADA Coin long position worth $3.65 million liquidated. After this week’s billion-dollar liquidations, bulls felt a heavy slap in the face on the most exciting days.
But Trump is still cryptocurrency pro, and if Republicans implement the necessary legislation, the Fed may be “forced” to hoard Bitcoin. Moreover, Trump will officially take office on January 20 and will have 4 years to fulfill his promises. Of course, although there is a risk of losing the majority in the Senate and the House of Representatives in the 2026 midterm elections, we will be in a better situation than in the past 4 years.
SEC, CFTCThe names of the heads of institutions such as FDIC are changing. People who are good with crypto are appointed to all institutions, including crypto-related ministries such as the Ministry of Treasury and the Ministry of Commerce. What more could it be?
In the first part, we talked about the long-term outlook for ADA Coin. In the short term, $0.88 stands out as the key support point and we see needles there. If lost, there could be a return to the key thresholds of $0.8 and $0.57.
On the other hand, $1.04 will be the first target in the possible BTC return, and if it is pulled back, $1.32 can be targeted again.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
