Cardano (ADA) is known for its scientific approach to blockchain technology. This article explains what we can expect from the price of ADA, with insights from our premium environment.
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Technical analysis of Cardano (ADA) price
The price of ADA is not always easy to analyze, but analysts at Crypto Insiders now believe they have discovered an interesting pattern. They recently shared the following in the Premium environment:
“We see that a major wave 1 and 2 has formed as part of a 12345 Elliott wave pattern. Within this pattern we are now working on a smaller 12345 EW pattern that acts as inner wave 3 of the larger pattern.
This essentially means that we are currently in a phase where ADA could see a rise and potentially reach targets well above its current high. Therefore, in the short term, we expect ADA to break the recent high of around $0.7.
In the medium term, ADA could be significantly higher. In the Premium environment, we will continue to closely monitor the price and provide regular updates.
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