Cardano News: Trader Sees Potential Rally to $6.50 and Beyond

Cardano holders might want to buckle up. While ADA sits quietly around $0.91, one trader is making waves with a prediction that sounds almost too good to be true.

ADA Builds Momentum for the Next Big Move

The trader is eyeing a target of $6.50 in an "ultra-bullish scenario." But here's the kicker – he even mentioned his projection might not be high enough, saying "We're at the stage where we run out of fib levels." That's crypto trader speak for "this could go absolutely bonkers."

Cardano (ADA) Price Levels to Watch

ADA is currently trading at $0.9103, down 0.49% on the day. The key resistance zone sits between $1.00 and $1.30 – breaking above would be a big deal for the bulls.

On the downside, solid support hangs around $0.74-$0.75. As long as this floor holds, the bullish case stays intact.

Let's be real – a $6.50 target sounds wild. That's over 600% from current levels. But Cardano has delivered parabolic moves before during bull runs.

The key is whether ADA can hold above $0.90-$1.00. If it can, and the broader crypto market stays supportive, this wave 3 scenario might not be as far-fetched as it sounds.