Cardano (ADA) Predicted To Hit $6: Here's When

The cryptocurrency market has faced a significant correction in the last few days. Cardano (ADA) follows the bearish trend, dipping below the $1 mark. ADA breached the $1 price point in late November but has lost significant traction.

ADA’s price is down 1.2% in the daily charts, 18.6% in the weekly charts, 23.4% in the 14-day charts, and 19.2% over the previous month. Despite the correction, ADA is up 46.7% since December 2023.

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According to the popular cryptocurrency analyst Ali Martinez, ADA is forming a pattern similar to its previous cycle. The analyst anticipates ADA to hit $6 next. Reaching $6 from current price levels will translate to a rally of about 581.82%.

#Cardano $ADA is following an eerily similar pattern to its previous cycle. Back in 2020, the first major correction after the bull rally began happened at the very same time as the correction we are experiencing today.

$6 next! pic.twitter.com/CPrYdQQqyx

— Ali (@ali_charts) December 22, 2024

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Changelly analysts are quite bearish on Cardano (ADA). The platform predicts ADA will hit $6 in December 2031, about seven years from now.

Telegaon researchers are more bullish on ADA than Changelly. The platform anticipates the asset to hit the $6 mark in 2026, about two years from now. Telegaon predicts ADA will hit a potential maximum price of $8.43 in 2026. Hitting $8.43 from current price levels will entail a rally of about 857.95%.

Can The Asset Hit $6 Any Sooner?

Many anticipate an extended bull run under Donald Trump’s leadership. Trump has been very supportive of the crypto industry and has announced a new White House “crypto czar.” The President-elect has also named a new SEC chair. Market participants anticipate lenient regulations under the Trump administration.

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Under a positive market environment, Cardano (ADA) could hit the $6 mark before predicted. We may witness many crypto assets hit new all-time highs under Trump’s leadership. How ADA performs over the next four years is yet to be seen.