Analyst Crypto Patel pointed out that Cardano (ADA) is forming a multi-year accumulation bottom, repeatedly finding support between $0.38 and $0.28. If the price can sustain a breakout above the resistance zone of $1.00 to $1.20, it indicates a major structural shift, with long-term target prices potentially at $2.60, $5.00, or even $10.00. However, if the weekly closing price falls below $0.28, the bullish outlook will be invalidated, emphasizing a long-term investment strategy for ADA.
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Analyst Crypto Patel pointed out that Cardano (ADA) is forming a multi-year accumulation bottom, repeatedly finding support between $0.38 and $0.28. If the price can sustain a breakout above the resistance zone of $1.00 to $1.20, it indicates a major structural shift, with long-term target prices potentially at $2.60, $5.00, or even $10.00. However, if the weekly closing price falls below $0.28, the bullish outlook will be invalidated, emphasizing a long-term investment strategy for ADA.