Cardano

<ul><li>Cheeky Crypto&#39;s analysis reveals ADA might soar to $26.62-$90.06 in the next bull cycle, driven by on-chain solid metrics.</li><li>Bearish predictions for ADA suggest short-term dips to 15¢-18¢, marking potential accumulation opportunities for savvy investors.</li><li>Rising Total Value Locked (TVL) and ecosystem developments could be key catalysts for ADA&#39;s price appreciation.</li></ul>Cheeky Crypto, a renowned crypto influencer, known for breaking down intricate crypto trends,  recently delved into the future potential of Cardano (ADA) in his latest <a href="https://www.youtube.com/watch?v&#61;eoiA-XrbiIU" rel="noopener noreferrer nofollow">video</a>, titled &#34;$90 Cardano (ADA) Price Too High?&#34;. According to Cheeky Crypto, the ADA market is experiencing its bear phase.With a meticulous examination of ADA paired up with USDT on a daily chart from Bitget as his data source, <a href="https://cryptotale.org/?s&#61;Cheeky&#43;Crypto" rel="noopener noreferrer nofollow">Cheeky Crypto</a> identifies a decline in ADA&#39;s price, indicating a potential drop to between 21 to 22 cents in the short term. This concept aligns with his interpretation of Elliott wave theory, which implies that ADA&#39;s current market movement can be broken down into three distinct phases: an initial upward wave (A), followed by a corrective wave (B), and finally, another upward wave (C).However, he does foresee the bear market diving even deeper, targeting between 15 and 18 cents. Drawing comparisons to July 2020, when <a href="https://cryptotale.org/cardano-ada-primed-for-significant-price-shift-on-weekly-chart/" rel="noopener noreferrer nofollow">ADA</a> faced resistance at around the 15-cent mark, Cheeky Crypto predicts similar patterns in the current bear market scenario.Read full article a<a href="https://cryptotale.org/the-future-of-cardano-ada-a-glimpse-into-a-potential-90-valuation/" rel="noopener noreferrer nofollow">t CryptoTale.</a>

The Future of Cardano (ADA): A Glimpse into a Potential $90 Valuation

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