- Cardano price breaks $0.93, targeting $0.95 and possibly $1 amid strong buyer momentum.
- Analyst Ali Charts predicts a $3–$6 rally following a repeating Fibonacci pattern.
- Long positions dominate as shorts face steep losses, strengthening the bullish market structure.
Cardano — ADA , traders feel a growing spark as the price climbs past key resistance. The market hums with fresh energy, like a river breaking through a stubborn dam. Momentum now builds above $0.93, while participants focus on $0.95 as the next hurdle. Each tick higher feeds excitement, raising the question: could a run toward $1 soon ignite? Optimism spreads as buyers defend the uptrend with steady confidence.
Buyers Drive a Breakout Mood
Cardano’s price action shows buyers pressing forward with renewed purpose. The daily chart reveals higher lows forming a strong ascending trendline since early August. Volume swells on green candles, a sign of eager traders jumping in at every small dip. Resistance at $0.93 has already fallen, leaving $0.95 as the next proving ground. Market sentiment feels like a gathering storm.
TapTools data highlights longs tightening their grip. One major $4.68 million long position now enjoys nearly $1 million in profit. Another $1.35 million position rides gains above 25 percent. Shorts, meanwhile, endure losses from 6 to 24 percent, a harsh lesson in market timing. The squeeze forces reluctant sellers to buy back, adding fuel to the upward march.
Bulls gain strength as shorts scramble to recover. The push above $0.93 unlocks a path for ADA toward $1. Buyers seem determined to keep control, their conviction growing with each candle close. Like a fire gaining oxygen, the trendline holds firm, giving traders reason to believe in higher targets.
Fibonacci Levels Signal a Grand Target
Crypto analyst Ali Charts adds intrigue with a bold forecast. He notes that Cardano followed the 1.272 Fibonacci extension during the last bull run. The current pattern mirrors that move, creating a sense of déjà vu. Prices now hover near the 0.236 retracement, often calm before a powerful advance. Charts hint at an unfolding expansion phase, like a tide rising toward a distant shore.
Ali projects a remarkable climb between $3 and $6 if history repeats. That range sounds almost mythical, yet Fibonacci levels often reveal hidden rhythms in market behavior. Traders hungry for opportunity see this as a roadmap to potential riches. Each upward step builds trust in the pattern, like footprints leading deeper into a forest of profit.
The conviction behind long positions aligns perfectly with this vision. Heavy short losses and persistent buyer strength combine to tilt the balance toward further gains. As long as higher lows remain intact and key supports hold firm, the stage stays set for a larger rally.For now, Cardano’s story is electric, a dance of numbers and belief. From $0.93 to a possible $6, the journey tempts with both risk and reward.
