Cardano Analyst Sees Perfect Structure for Bull Run

A recent analysis of Cardano's (ADA) price movement has revealed a promising trend for the cryptocurrency. According to a chart shared by an analyst, the mid-to-long-term structure of ADA is 'absolutely perfect'. The chart shows a break on the daily chart, which the analyst believes is the start of a new leg up.

The weekly chart analysis reveals a massive descending resistance trendline connecting the 2021 high and the 2024-2025 lower highs. This trendline is now being tested from below, and a weekly close above $0.30 would break this multi-year resistance.

The analyst's bull run target for ADA is $6.30, which represents a 24x increase from current prices. However, this prediction may be overly optimistic, as it requires a full-blown altcoin bull run with mass adoption and regulatory clarity. A more realistic cycle target could be $1.50-$2.50, which would still be a 6-10x gain.