Cardano’s native token ADA is currently trading in the $0.64 price range on Tuesday. It reached a high of $1.14 in early March, but has fallen almost 43% after reaching an annual high. The Bulls are aiming for cryptocurrencies to go above the dollar range once again, but market sentiment is cutting it down. Major Altcoins have struggled to regain the $1 range as they have dropped 10% over the last 30 days.
After Trump announced a 90-day suspension on tariffs, the market has temporarily recovered, so can Cardano ADA violate one dollar on the next bull run and head directly to $5? This article highlights a new price forecast for how much a major Altcoin can trade next. Recent price analysis on TradingView shows that if Altcoin holds positive momentum, it can reach $5.
Cardano: Is Ada the one that reaches $5?
TradingView’s latest price analysis shows a chart where Cardano’s ADA discovered $1.2 and $2.9 in resistance. If a major Altcoin holds all resistance levels during a bull run, the next stop could be $3. The analysis shows that Cardano’s ADA could reach a new history high of $5 if all resistance levels were met.
Cardano “The ADA is loaded at $5. The setup is clean. Support is $0.45. Accumulation of $2, $4, $6, $6 from $0.65-$0.45.” Read the price forecast. “The patience here can print the property.” Read our major Altcoin predictions.
However, the cryptocurrency market has not yet experienced a Bull Run in the near future. Trump’s trade war and tariffs have thrown wedges to investors flee the stock and invest in gold instead. Therefore, Cardano ADA is less likely to reach $5, maintaining all resistance levels. There is a slight chance that this year is happening as several macroeconomic factors weaken the market.
