Cardano (ADA) price is eyeing a potential rally to a new all-time high at $4.50 due to the completion of a key market pattern known as ascending parallel channel. A successful breakout from this setup suggests the possibility of a sixfold gain for ADA from current prices. This technical formation mirrors the channel setup that occurred in 2021, just before ADA soared 2,800% to $3.10. At press time, Cardano trades at $0.766 after an 8.10% rally last week. Cardano Price Eyes 6X Rally to a New ATH Cardano’s price appears poised for a significant rally to $4.50, as indicated by a weekly chart that shows ADA trading within an ascending parallel pattern. This pattern often precedes upward breakouts, and currently suggests the price of Cardano could 6X in the coming weeks. A successful push past the upper trendline of the parallel channel neckline, around $0.7600, could spark a rally that… Read More at Coingape.com

The post Here’s How Cardano Price May 6X From This Critical Level appeared first on CoinGape.

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