Cardano (ADA) is running its heads through the encryption space. The veteran trader cryptoellltes took to X to say, “Cardano 12x is coming soon! The project remains correct in its session.” Along with the post, they shared a detailed scheme indicating that the ADA price may witness a huge increase in the price of 12X as there is now. This graph has quickly sparked conversations on the current preparation of ADA and past behavior, and where it may go after that.
The graph itself determines a classic cup and a contract that has been formed over the past few years. The “Cup” part extends from mid -2011 to late 2024, indicating the stage of rounded unification, drawn. Now in early 2025, it appears that the “handle” is formed, which is usually seen as a preparation for the movement of penetration. This type of patterns often indicates a strong upward trend, especially when it appears on the higher time frames like this.
Another major details in the chart is finally Cardano through a long -term descending triangle, a trend line that has been present since 2021. The price recently paid over this resistance, which may be an early indication that the ADA price turns into a new direction. This step reflects similar fugitives from the previous bulls, giving some merchants that history may restore itself.
Main Cardano Prices and Fibonacci Goals
The scheme determines the main support and resistance levels using the Fibonacci Fibonacci extension and tools. Strong support can be visible at $ 0.23552, which is the lowest point in the previous bear cycle. Medium -range resistance is $ 0.86502, while the most fundamental resistance levels are located at $ 1.17588 and $ 1.82054.
Prices’ drop areas extend beyond the highest level in Cardano ever at $ 3.17. Fibonacci extension levels are possible future goals at $ 6.44, $ 9.32 and $ 15.86. The “12x” prediction indicates a transition from the penetration point about $ 0.55 to $ 6.64, a highly marked level on the scheme.
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Align the Cardano Market cycle and the feelings of society
The trader publication indicates that Cardano follows the frequent market cycle. This opinion is supported by price behavior in the previous bull markets, especially during the 2020-2021 period. According to the graphic drawing, ADA PRICE entered a accumulation between mid -2012 and early 2024, with signs of exit appearing in 2025.
The plan and Twitter combined increased market speculation, especially among those assets based on the tracking cycle. Although the high -price goals depend on historical performance and technical patterns, expectations remain speculative. However, the merchant’s message contributed to increasing the interest on ADA’s current technical preparation.
Cardano price and risk considerations
At a time Analysis, the price of Cardano was 0.70649 dollars. The expected step depends on ADA to keep the main support levels near $ 0.70 and $ 0.55. The decrease in these points can nullify the bullish preparation and restore the original to the scope of the previous accumulation.
While Fibonacci’s expectations and historical courses support 12X, external factors such as the wider market conditions and bitcoin price movements are still influential. Traders and analysts continue to monitor ADA closely with approaching critical resistance areas.
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